Internal Trade MCQs with Answers

Question-1. Payment made in internal trade:

1. Import duty
2. Export duty
3. VAT
4. None of these

Question-2. Agents are appointed by?

1. Manufacturer
2. Wholesaler
3. Retailer
4. Principal

Question-3. ____ are mobile traders who deal in low priced articles with no fixed place of business.

1. Street stalls
2. Retailers
3. Itinerant traders
4. Agents

Question-4. _____ are usually seen at places where a there is a huge gathering on a regular basis; such as on bus stops, railway stations, office areas, etc.

1. Wholesaler
2. Manufacture
3. Street traders
4. Retailer

Question-5. _____ means selling the products at a price less than on going price in the market.

1. Quota
2. Tariff
3. Subsidy
4. Dumping

Question-6. A warehouse keeper accepts goods for the purpose of ____________

1. Selling
2. Packaging
3. Export
4. Storage

Question-7. An agent is appointed by the _________

1. Principal
2. Manufacturer
3. Wholesaler
4. Retailer

Question-8. Domestic company limits it's operations to ___________ political boundaries.

1. International
2. National
3. Transnational
4. Global

Question-9. Goods imported for the purpose of export is known as

1. Home trade
2. Foreign trade
3. Entrepot
4. Trade

Question-10. In consumers co-operative store goods are sold :

1. Only in cash
2. Only credit
3. Both
4. Free

Question-11. International trade contributes and increases the world _________

1. Population
2. Inflation
3. Economy
4. Trade Barriers

Question-12. It helps disabled and elderly people.

1. Tele-shopping
2. E-commerce
3. multiple shop
4. installment system

Question-13. Small scale Fixed retailers includes __________

1. Hawkers
2. Pedlars
3. Cheap Jacks
4. General stores

Question-14. The aim is to economies by buying in common and to retain their profits by selling in common.

1. multiple shop
2. web marketing
3. teleshopping
4. consumers co-operative store

Question-15. The international trade between ___________ is like a vast game of beggar my neighbor.

1. Exporter & Importer
2. Two Countries
3. Two world wars
4. Country's allies and enemies

Question-16. The purchase of goods from a foreign country is called ____________

1. Entreport
2. Import
3. Re-Export
4. Export

Question-17. The retailer plays as a link between

1. Consumer and manufacturer
2. Consumer and wholesaler
3. Manufacturer and wholesaler
4. He doesn't link any

Question-18. These are agents whose function is to bring the buyer and the seller into contact.

1. Commission agent
2. Selling agent
3. Broker
4. Stockist

Question-19. This retail business acts as a universal supplier of a wide variety of products.

1. Multiple shop
2. Mail order Business
3. Tele-shopping
4. Departmental store

Question-20. Where departmental store are famous:

1. USA and Europe
2. India
3. China
4. Pakistan.

Question-21. Which among the following is not concerned with Chambers of Commerce & Industry

1. CII
2. FICCI
3. ICICI
4. ASSOCHAM

Question-22. Which is not example of big scale retail shop:

1. Departmental store
2. Super bazar
3. Multiple shop
4. Mail store.

Question-23. Wholesaler help the manufacturer in availing the economies of scale by

1. Making huge order
2. Doing marketing of manufacturer
3. collects order from various retailers and passes on this pool of order to the manufacturer
4. None of the above

Question-24. ____ are mobile traders who deal in low priced articles with no fixed place of business.

1. Street stalls
2. Retailers
3. Itinerant traders
4. Agents

Question-25. ____________ are agents who merely bring the buyer and the seller into contact.

1. Selling agent
2. Commission agent
3. Stockist
4. Broker

Question-26. ____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.

1. Wholesaler
2. Agent
3. Retailer
4. Mercantile agent

Question-27. A warehouse keeper accepts goods for the purpose of ____________

1. Selling
2. Packaging
3. Export
4. Storage

Question-28. An agent is appointed by the ____________

1. Principal
2. Manufacturer
3. Wholesaler
4. Retailer

Question-29. It helps disabled and elderly people.

1. Tele-shopping
2. E-commerce
3. multiple shop
4. installment system

Question-30. It is a network of a number of branches situated at different localities in the city or in the different parts of the country.

1. Multiple shop
2. Consumers? co-operative store
3. Hire purchase system
4. Internet marketing

Question-31. Small scale Fixed retailers includes ____________

1. Hawkers
2. Pedlars
3. Cheap Jacks
4. General stores

Question-32. The aim is to economies by buying in common and to retain their profits by selling in common.

1. multiple shop
2. web marketing
3. teleshopping
4. consumer's co-operative store

Question-33. The persons who come in between the primary producer and the final consumer to promote trade is called as ____________

1. Trader
2. Middleman
3. Auctioneer
4. Agent

Question-34. The purchase of goods from a foreign country is called ____________

1. Entreport
2. Import
3. Re-Export
4. Export

Question-35. The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.

1. Tele-shopping
2. mail order trading house
3. Departmental store
4. co-operative store

Question-36. This retail business acts as a universal supplier of a wide variety of products.

1. Departmental store
2. Multiple shop
3. Mail order Business.
4. Tele-shopping

Question-37. When goods are imported for the purpose of export is called as _________

1. Foreign trade
2. Entrepot
3. Home trade
4. Trade

Question-38. Wholesalers deals in ____________ quantity of goods

1. Small
2. Limited
3. Large
4. Medium