Free Internal Trade 01 Practice Test - 11th Grade - Commerce
Question 1
What kind of a store is Big Bazaar?
Department store
Hawker
Speciality store
None of the above
SOLUTION
Solution : A
Big Bazaar is a departmental store.
Question 2
Buying and selling of goods within the geographical limits of a country is known as?
Internal Trade
External Trade
Barter system
None of the above
SOLUTION
Solution : A
Internal Trade is the buying and selling of goods within the geographical limits of a country.
Question 3
The persons who come in between the primary producer and the final consumer to promote trade is called as?
Trader
Middleman
Auctioneer
Agent
SOLUTION
Solution : B
Middleman is the person who comes in between the primary producer and final consumer
Question 4
The purchase of goods from a foreign country is called
Entreport
Import
Re-Export
Export
SOLUTION
Solution : B
The purchase of goods from a foreign country is called import.
Question 5
A warehouse keeper accepts goods for the purpose of
Storage
Selling
Packaging
Export
SOLUTION
Solution : A
A warehouse keeper accepts goods for the purpose of storage.
Question 6
What kind of retail business acts as a universal supplier of a wide variety of product?
Departmental stores
Multiple shop
Mail order business
Tele- shopping
SOLUTION
Solution : A
Departmental stores act as the universal supplier of a wide variety of products.
Question 7
What is the advantage of a mall?
All of these
Convenience in shopping
Attract large number of customers
Wide choice.
SOLUTION
Solution : A
Convenience in shopping, attract large number of customers and having a wide choice are all advantages of a mall.
Question 8
Which of the following comes under Fixed shop small retailers?
General stores
Malls
Departmental stores
Multiple stores
SOLUTION
Solution : A
General stores come under fixed shop small retailers.
Question 9
Who offers facilities for after sales services?
Retailers
Both Retailers and Wholesalers
Wholesalers
None of the above
SOLUTION
Solution : A
Retailers offer facilities for after-sales services.
Question 10
A businessman buying and selling goods in small quantities comes under
Retail trade
Single line business
Wholesale
None of the above
SOLUTION
Solution : A
A businessman buying and selling goods in small quantities comes under retail trade.