Class 11 Internal Trade CBSE Questions & Answers

Class 11 · Internal Trade

This is Business Studies class 11 Internal Trade CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
The purchase of goods from a foreign country is called ____________
  • A
    Entreport
  • B
    Import
    Correct
  • C
    Re-Export
  • D
    Export
2
The persons who come in between the primary producer and the final consumer to promote trade is called as ____________
  • A
    Trader
  • B
    Middleman
    Correct
  • C
    Auctioneer
  • D
    Agent
3
When goods are imported for the purpose of export is called as _________
  • A
    Foreign trade
  • B
    Entrepot
    Correct
  • C
    Home trade
  • D
    Trade
4
An agent is appointed by the ____________
  • A
    Principal
    Correct
  • B
    Manufacturer
  • C
    Wholesaler
  • D
    Retailer
5
A warehouse keeper accepts goods for the purpose of ____________
  • A
    Selling
  • B
    Packaging
  • C
    Export
  • D
    Storage
    Correct
6
Wholesaler?s deals in ____________ quantity of goods
  • A
    Small
  • B
    Limited
  • C
    Large
    Correct
  • D
    Medium
7
____________ 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
    Correct
  • B
    Agent
  • C
    Retailer
  • D
    Mercantile agent
8
____________ are agents who merely bring the buyer and the seller into contact.
  • A
    Selling agent
  • B
    Commission agent
  • C
    Stockist
  • D
    Broker
    Correct
9
____ are mobile traders who deal in low priced articles with no fixed place of business.
  • A
    Street stalls
  • B
    Retailers
  • C
    Itinerant traders
    Correct
  • D
    Agents
10
Small scale Fixed retailers includes ____________
  • A
    Hawkers
  • B
    Pedlars
  • C
    Cheap Jacks
  • D
    General stores
    Correct
11
This retail business acts as a universal supplier of a wide variety of products.
  • A
    Departmental store
    Correct
  • B
    Multiple shop
  • C
    Mail order Business.
  • D
    Tele-shopping
12
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
    Correct
  • B
    Consumers? co-operative store
  • C
    Hire purchase system
  • D
    Internet marketing
13
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
    Correct
14
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
    Correct
  • C
    Departmental store
  • D
    co-operative store
15
It helps disabled and elderly people.
  • A
    Tele-shopping
    Correct
  • B
    E-commerce
  • C
    multiple shop
  • D
    instalment system