Internal Trade MCQs with Answers

Question-1. Payment made in internal trade:

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

Question-2. Agents are appointed by?

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

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

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

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

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

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

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

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

Question-7. An agent is appointed by the _________

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

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

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

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

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

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

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

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

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

Question-12. It helps disabled and elderly people.

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

Question-13. Small scale Fixed retailers includes __________

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

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

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

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

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

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

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

Question-17. The retailer plays as a link between

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

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

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

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

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

Question-20. Where departmental store are famous:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question-28. An agent is appointed by the ____________

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

Question-29. It helps disabled and elderly people.

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

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

Question-31. Small scale Fixed retailers includes ____________

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

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

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

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

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

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

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

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

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

Question-36. 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-37. When goods are imported for the purpose of export is called as _________

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

Question-38. Wholesalers deals in ____________ quantity of goods

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