This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 9 Internal Trade – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 9 Internal Trade Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the role of intermediaries in wholesale trade? A) Facilitate the distribution of goods. B) Manufacturing the goods. C) Selling directly to consumers. D) Transporting goods internationally. Show Answer Correct Answer: A) Facilitate the distribution of goods. 2. Cost price is ..... A) How much you pay for something. B) How much you sell something for. C) All the above. D) None of the above. Show Answer Correct Answer: A) How much you pay for something. 3. Which is not characteristics of super market A) Situated at center of city. B) This store remains in form of cooperative society. C) Member of super bazar invest their own capital. D) Goods sold on credit in super bazar. Show Answer Correct Answer: D) Goods sold on credit in super bazar. 4. A retailer who sells something that is intangible or does not last very long. A) General Merchandise Wholesaler. B) Manufacturer. C) Service Retailer. D) Producer. Show Answer Correct Answer: C) Service Retailer. 5. Which of the following is not a service offered by manufacturers to retailers A) Risk sharing. B) Market support. C) Grant of credit. D) Storage facilities. Show Answer Correct Answer: D) Storage facilities. 6. The traders who purchase in large quantities and sell in small lots to retailers are called ..... A) Retailers. B) Wholesaler. C) Producer. D) Marketer. Show Answer Correct Answer: B) Wholesaler. 7. In what ways can internal trade enhance regional development? A) Internal trade leads to job losses and economic decline. B) Internal trade reduces competition and limits market access. C) Internal trade has no impact on infrastructure development. D) Internal trade enhances regional development by increasing market access, fostering competition, creating jobs, and improving infrastructure. Show Answer Correct Answer: D) Internal trade enhances regional development by increasing market access, fostering competition, creating jobs, and improving infrastructure. 8. The services of Wholesalers to Manufactures are A) Facilitating Large Scale Production. B) Expert Advice. C) Help in Marketing Function. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. When shopping online (E-Commerce), how might a business provide good customer service? A) Provide FAQs, Contact us and live chat on their E-Commerce website to help answer customer questions. B) Have a customer service help desk, staff available to assist and staff serving on tills (EPOS) systems. C) All the above. D) None of the above. Show Answer Correct Answer: A) Provide FAQs, Contact us and live chat on their E-Commerce website to help answer customer questions. 10. What is the primary role of retailers? A) To sell goods directly to consumers. B) To provide storage facilities. C) To produce goods. D) To import goods. Show Answer Correct Answer: A) To sell goods directly to consumers. 11. BATA is the example of ..... A) Departmental stores. B) Chain stores. C) Mall. D) General stores. Show Answer Correct Answer: B) Chain stores. 12. Business that sells products and/or services to consumers is called A) Wholesalers. B) Manufacturer. C) Retail. D) Supercenters. Show Answer Correct Answer: C) Retail. 13. Buying of goods for export is known as A) Retail trade. B) External trade. C) Entreport trade. D) Internal trade. Show Answer Correct Answer: C) Entreport trade. 14. The oldest form of advertising. A) Words of mouth. B) News Paper. C) TV. D) Radio. Show Answer Correct Answer: A) Words of mouth. 15. Internal trade is classified into two categories ..... and ..... trade. A) Internal and external. B) Wholesale and retai. C) None of these. D) Both. Show Answer Correct Answer: B) Wholesale and retai. 16. Which do not come in fixed retail sellers: A) General store. B) Departmental store. C) Hawkers and peddlers. D) Chain stores. Show Answer Correct Answer: C) Hawkers and peddlers. 17. Following services are provided by wholesalers to retailers A) Grant of credit. B) Marketing support. C) Availability of goods. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Ebeano sells products for ..... A) Wholesale. B) Markup. C) Design. D) None of the above. Show Answer Correct Answer: B) Markup. 19. Which type of trade involves selling products in bulk to businesses? A) Consumer trade. B) Retail trade. C) Wholesale trade. D) Online trade. Show Answer Correct Answer: C) Wholesale trade. 20. Raymonds store is an example of which retails shop? A) Chain stores. B) Departmental stores. C) Mail order houses. D) General stores. Show Answer Correct Answer: A) Chain stores. 21. What is one of the major advantages of consumer cooperative stores regarding liability? A) Members are liable for all debts of the society. B) Members are liable only to the extent of their contributed capital. C) Members are liable for debts exceeding their contributed capital. D) Members are not liable for any debts of the society. Show Answer Correct Answer: B) Members are liable only to the extent of their contributed capital. 22. Which type of trade involves selling products to individual customers? A) Export trade. B) Wholesale trade. C) Import trade. D) Retail trade. Show Answer Correct Answer: D) Retail trade. 23. Number of goods sold in wholesale trade is: A) More. B) One. C) Less. D) None of these. Show Answer Correct Answer: C) Less. 24. How does internal trade contribute to economic growth? A) Internal trade contributes to economic growth by improving market efficiency and fostering competition. B) Internal trade only benefits large corporations and not the economy. C) Internal trade has no impact on economic growth. D) Internal trade reduces competition and market efficiency. Show Answer Correct Answer: A) Internal trade contributes to economic growth by improving market efficiency and fostering competition. 25. Which is not related to the trade by moving from one place to another: A) Peddlers. B) Street sellers. C) Street shops. D) Hawkers. Show Answer Correct Answer: C) Street shops. 26. A departmental store is a larger version of ..... A) General stores. B) Single line stores. C) Specialty stores. D) Second hand shop. Show Answer Correct Answer: A) General stores. 27. In a electrical shop, if the staff are not knowledgeable how will this impact on the business? A) Customers are unlikely to shop with the business as customer service is poor, sales would decrease. B) Customers would be retained and new customers gained as they are, providing good customer service, this would increasing sales. C) All the above. D) None of the above. Show Answer Correct Answer: A) Customers are unlikely to shop with the business as customer service is poor, sales would decrease. 28. Which of the following would be the least important when locating a new hair salon? A) Customers. B) Suppliers. C) Staff. D) Competition. Show Answer Correct Answer: B) Suppliers. 29. 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) Internet marketing. B) Hire purchase system. C) Consumers co-operative store. D) Multiple shop. Show Answer Correct Answer: D) Multiple shop. 30. Which is not the service of the wholesaler to the manufacturer? A) Facilitating large scale production. B) Expert Advice. C) Grant of credit. D) Storage. Show Answer Correct Answer: C) Grant of credit. 31. ..... 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. Show Answer Correct Answer: C) Itinerant traders. 32. Which of the following is a service provided by wholesalers to manufacturers? A) Facilitating large scale production. B) Direct selling to consumers. C) Providing after-sales service. D) Advertising products. Show Answer Correct Answer: A) Facilitating large scale production. 33. A manufacturer sells large quantities of goods to ..... A) Importer. B) Wholesaler. C) Retailer. D) Exporter. Show Answer Correct Answer: B) Wholesaler. 34. Which type of trade usually involves higher prices per unit? A) Luxury or premium goods. B) Generic or low-quality goods. C) Bulk or wholesale goods. D) Second-hand or used goods. Show Answer Correct Answer: A) Luxury or premium goods. 35. What is the role of the GST Council? A) To make recommendations on GST rules. B) To regulate retail trade. C) To levy taxes on goods. D) To manage state finances. Show Answer Correct Answer: A) To make recommendations on GST rules. 36. The wholesaler buys goods in a ..... quantity. A) Less. B) More. C) Medium. D) None of the above. Show Answer Correct Answer: B) More. 37. Choose the services which is provided by the wholesaler to retailers. A) Bearing risk. B) Financial assistance. C) Expert advice. D) All of the above. Show Answer Correct Answer: D) All of the above. 38. True or False? E-Retailing is becoming more popular because more people have access to high speed internet. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 39. Who are the intermediaries in internal trade that help in the exchange of goods and services between producers and ultimate consumers? A) Manufacturers and industrial users. B) Wholesalers and retailers. C) Exporters and importers. D) Consumers and merchants. Show Answer Correct Answer: B) Wholesalers and retailers. 40. The customers you would most like to attract are referred to as your A) Demographics. B) Market segments. C) Competition. D) Target market. Show Answer Correct Answer: D) Target market. 41. Why is there no Bad Debt in Multiple Shop. A) Because of Centralised Management. B) Because of Cash and Carry. C) Because of Convenient location. D) Because Centralized buying and decentralized selling. Show Answer Correct Answer: B) Because of Cash and Carry. 42. How do wholesalers assist retailers in increasing demand for new products? A) By providing specialised knowledge. B) By extending credit facilities. C) By performing marketing functions and advertising. D) By reducing risk of storage. Show Answer Correct Answer: C) By performing marketing functions and advertising. 43. Following is the advantages of chain stores: A) No Bad debts. B) Economies of scale. C) Diffusion of risk. D) All the above. Show Answer Correct Answer: D) All the above. 44. Manufacturers are present everywhere. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 45. A large establishment offering a wide variety of products under one roof is known as ..... A) Departmental stores. B) Wholesaler. C) General store. D) Multiple stores. Show Answer Correct Answer: A) Departmental stores. 46. Which one is not the tax slab of GST? A) 5%. B) 18%. C) 14%. D) 28%. Show Answer Correct Answer: C) 14%. 47. Manufacturing sector companies include which of the following: A) Retailing companies. B) Internet service providers. C) Textile companies. D) Distribution companies. Show Answer Correct Answer: C) Textile companies. 48. Which of the following is NOT an advantage of mail-order business? A) Wide reach through postal services. B) Lack of personal contact. C) Limited capital requirement. D) Elimination of middlemen. Show Answer Correct Answer: B) Lack of personal contact. 49. "NEW PRODUCTS INFORMATION" is a service provided by whom to whom? A) Retailers to Consumers. B) Manufacturers to retailers. C) Wholesaler to Manufacturers. D) None of the above. Show Answer Correct Answer: A) Retailers to Consumers. 50. This store offers a specified range of products. A) Chain Stores. B) Departmental Stores. C) Mall. D) None of the above. Show Answer Correct Answer: A) Chain Stores. 51. Vending machines can be useful for selling pre-packed brands of low-priced products which have ..... and which are uniform in size and weight. A) High turnover. B) Low turnover. C) Liberal turnover. D) Slow turnover. Show Answer Correct Answer: A) High turnover. 52. Identify from the below which are not the characteristics of Fixed shop retailers? A) Independent shops of temporary nature facilities. B) Mostly provides credit. C) Dealing with different products. D) Have greater resources. Show Answer Correct Answer: A) Independent shops of temporary nature facilities. 53. ..... combines both the functions of retailing as well as warehousing. A) A vending machine. B) Mail order house. C) A departmental store. D) A second hand goods shop. Show Answer Correct Answer: C) A departmental store. 54. What is the main advantage of hawkers in retailing? A) They offer convenient service to consumers. B) They provide high-quality products. C) They deal in luxury items. D) They operate on a large scale. Show Answer Correct Answer: A) They offer convenient service to consumers. 55. Which of the following is not a service provided by Wholesalers to manufacturers A) Grant of credit. B) Risk sharing. C) Help in marketing function. D) Financial assistance. Show Answer Correct Answer: A) Grant of credit. 56. I am the organized action of making goods and services for sale. A) Economy. B) Culture. C) Industry. D) Government. Show Answer Correct Answer: C) Industry. 57. Which of the following is an example of a fixed shop retailer? A) Street vendor. B) Departmental store. C) Hawker. D) Peddler. Show Answer Correct Answer: B) Departmental store. 58. ..... represents the final stage in the distribution of goods. A) Retail. B) Wholesale. C) Vending machine. D) Import. Show Answer Correct Answer: A) Retail. 59. Choose the service which is not provided by Wholesalers to Manufacturers A) Help in continuity. B) Facilitating large. C) Bearing Risk. D) After sale service to consumers. Show Answer Correct Answer: D) After sale service to consumers. 60. Shops in which producer sold its own product is called ..... ? A) Departmental store. B) Itinerants. C) Multiple chain shop. D) Stall shop. Show Answer Correct Answer: C) Multiple chain shop. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 9 Internal Trade Quiz 1Class 11 Business Studies Chapter 9 Internal Trade Quiz 2Class 11 Business Studies Chapter 9 Internal Trade Quiz 3Class 11 Business Studies Chapter 9 Internal Trade Quiz 4Class 11 Business Studies Chapter 9 Internal Trade Quiz 6Class 11 Business Studies Chapter 1 Business, Trade And Commerce QuizClass 11 Business Studies Chapter 10 International Business QuizClass 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books