Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 10 Internal Trade with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Internal Trade Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. https://mcqquestions.guru/mcq-questions-for-class-11-business-studies-chapter-10/
Internal Trade Class 11 MCQs Questions with Answers
Internal Trade Class 11 MCQ Chapter 10 Question 1.
It helps disabled and elderly people.
(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system
Answer
Answer: (a) Tele-shopping
MCQ On Internal Trade Class 11 Chapter 10 Question 2.
The aim is to economies by buying in common and to retain their profits by selling in common.
(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumer?s co-operative store
Answer
Answer: (d) consumer?s co-operative store
Internal Trade MCQ Class 11 Chapter 10 Question 3.
This retail business acts as a universal supplier of a wide variety of products.
(a) Departmental store
(b) Multiple shop
(c) Mail order Business.
(d) Tele-shopping
Answer
Answer: (a) Departmental store
MCQ Of Internal Trade Class 11 Chapter 10 Question 4.
____ are mobile traders who deal in low priced articles with no fixed place of business.
(a) Street stalls
(b) Retailers
(c) Itinerant traders
(d) Agents
Answer
Answer: (c) Itinerant traders
MCQ Questions For Class 11 Business Studies Chapter 10 Question 5.
____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.
(a) Wholesaler
(b) Agent
(c) Retailer
(d) Mercantile agent
Answer
Answer: (a) Wholesaler
Internal Trade MCQ Chapter 10 Class 11 Question 6.
A warehouse keeper accepts goods for the purpose of ____________
(a) Selling
(b) Packaging
(c) Export
(d) Storage
Answer
Answer: (d) Storage
Question 7.
When goods are imported for the purpose of export is called as _________
(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade
Answer
Answer: (b) Entrepot
Question 8.
The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export
Answer
Answer: (b) Import
Question 9.
The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.
(a) Tele-shopping
(b) mail order trading house
(c) Departmental store
(d) co-operative store
Answer
Answer: (b) mail order trading house
Question 10.
It is a network of a number of branches situated at different localities in the city or in the different parts of the country.
(a) Multiple shop
(b) Consumers? co-operative store
(c) Hire purchase system
(d) Internet marketing
Answer
Answer: (a) Multiple shop
Question 11.
Small scale Fixed retailers includes ____________
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores
Answer
Answer: (d) General stores
Question 12.
____________ are agents who merely bring the buyer and the seller into contact.
(a) Selling agent
(b) Commission agent
(c) Stockist
(d) Broker
Answer
Answer: (d) Broker
Question 13.
Wholesaler?s deals in ____________ quantity of goods
(a) Small
(b) Limited
(c) Large
(d) Medium
Answer
Answer: (c) Large
Question 14.
An agent is appointed by the ____________
(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer
Answer
Answer: (a) Principal
Question 15.
The persons who come in between the primary producer and the final consumer to promote trade is called as ____________
(a) Trader
(b) Middleman
(c) Auctioneer
(d) Agent
Answer
Answer: (b) Middleman
One Mark Questions
1. What is internal trade?
Answer
Answer: Buying and selling of goods and services within the boundaries of a nation is referred as internal trade.
2. What is wholesale trade?
Answer
Answer: Wholesale trade refers to buying and selling of goods and services in large quantities for the purpose of resale or intermediate use.
3. Who is a wholesaler?
Answer
Answer: Wholesaler is a person who buys goods from the producers in bulk quantities and sells them in small quantities to a retailer.
4. What is retail trade?
Answer
Answer: Retail trade refers to sale of goods in small quantities for the final consumptions.
5. Who is a retailer?
Answer
Answer: Retailer is a person who buys the goods in large quantities from the wholesalers and sells ‘them in small quantities to the ultimate consumers.
6. Expand AVM.
Answer
Answer: Automatic Vending Machine
7. Expand FOB
Answer
Answer: Free on Board
8. Expand CIF
Answer
Answer: Cost, Insurance and Freight Price
9. Expand E&OE
Answer
Answer: Errors and Omissions excepted
10. Expand COD
Answer
Answer: Cash on Delivery
11. Name any one type of internal trade.
Answer
Answer: Wholesale Trade
12. State one type of Itinerant retailers.
Answer
Answer: Street Traders
13. Give an example for small scale fixed retail shop.
Answer
Answer: Soaps, Hair oil and Tooth Paste
14. Give an example for large scale fixed retail shop.
Answer
Answer: Spencer, Food world and reliance fresh
15. Give an example for departmental stores.
Answer
Answer: Spencer
16. Give an example for multiple shops.
Answer
Answer: Pizza Hut and Me. Donald
17. Give an example for Super markets.
Answer
Answer: Reliance Fresh and Food world
18. Give an example for malls.
Answer
Answer: Garuda Mall and Orion Mall
19. Who are peddlers?
Answer
Answer: Peddlers are those who carry their goods on their heads and backs from one door to another in the streets for selling the goods.
20. Who are Hawkers?
Answer
Answer: Hawkers are those who carry their goods on back of animals or by using wheeled carts from one door to another for selling the articles.
21. Who are cheap jacks?
Answer
Answer: Cheap jacks are petty retailers who have independent shops of a temporary nature in the business locality.
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