NCERT Class 11 Chapter 10 Business Studies Internal Trade MCQ

NCERT Class 11 Chapter 10 Business Studies Internal Trade MCQ | Questions & Answers: Here is an opportunity for students of Class 11 to improve their existing knowledge about the NCERT Class 11 Chapter 10 Business Studies Internal Trade topic. Attempt the below provided MCQ Quiz and enhance your existing knowledge without any hassle.

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1. Payment made in internal trade:

A. Import duty

B. Export duty

C. VAT

D. None of these

2. It helps disabled and elderly people.

A. Tele-shopping

B. E-commerce

C. multiple shop

D. installment system

3. ____ 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

4. Wholesaler help the manufacturer in availing the economies of scale by

A. Making huge order

B. Doing marketing of manufacturer

C. collects order from various retailers and passes on this pool of order to the manufacturer

D. None of the above

5. Where departmental store are famous:

A. USA and Europe

B. India

C. China

D. Pakistan.

6. An agent is appointed by the _________

A. Principal

B. Manufacturer

C. Wholesaler

D. Retailer

7. 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. consumers co-operative store

8. International trade contributes and increases the world _________

A. Population

B. Inflation

C. Economy

D. Trade Barriers

9. The purchase of goods from a foreign country is called ____________

A. Entrepot

B. Import

C. Re-Export

D. Export

10. _____ means selling the products at a price less than on going price in the market.

A. Quota

B. Tariff

B. Subsidy

D. Dumping

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11. The aim is to economies by buying in common and to retain their profits by selling in common.

A. multiple shops

B. web marketing

C. teleshopping

D. consumer's co-operative store

12. Goods imported for the purpose of export is known as

A. Home trade

B. Foreign trade

C. Entrepot

D. Trade

13. The retailer plays as a link between

A. Consumer and manufacturer

B. Consumer and wholesaler

C. Manufacturer and wholesaler

D. He doesn’t link any

14. In consumers co-operative store goods are sold :

A. Only in cash

B. Only credit

C. Both

D. Free

15. Which is not example of big scale retail shop:

A. Departmental store

B. Super bazar

C. Multiple shop

D. Mail store.

16. Which among the following is not concerned with Chambers of Commerce & Industry

A. CII

B. FICCI

C. ICICI

D. ASSOCHAM

17. A warehouse keeper accepts goods for the purpose of ____________

A. Selling

B. Packaging

C. Export

D. Storage

18. Small scale Fixed retailers includes __________

A. Hawkers

B. Pedlars

C. Cheap Jacks

D. General stores

19. The international trade between ___________ is like a vast game of beggar my neighbor.

A. Exporter & Importer

B. Two Countries

C. Two world wars

D. Country’s allies and enemies

20. This retail business acts as a universal supplier of a wide variety of products.

A. Multiple shop

B. Mail order Business

C. Tele-shopping

D. Departmental store

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21. Domestic company limits it’s operations to ___________ political boundaries

A. International

B. National

C. Transnational

D. Global

22. This retail business acts as a universal supplier of a wide variety of products.

A. Multiple shop

B. Mail order Business

C. Tele-shopping

D. Departmental store

23. These are agents whose function is to bring the buyer and the seller into contact.

A. Commission agent

B. Selling agent

C. Broker

D. Stockist