This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 9 Internal Trade – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 9 Internal Trade Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This retail business acts as a universal supplier of a wide variety of products. A) Multiple shop. B) Wholesalers. C) Departmental Stores. D) Retailers. Show Answer Correct Answer: C) Departmental Stores. 2. A retail trader buys goods from the manufacturerand sells them to the customers. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 3. The person who carries on wholesale trade is known as ..... A) Retailer. B) Promoter. C) Wholesaler. D) Trader. Show Answer Correct Answer: C) Wholesaler. 4. What is the main advantage of a departmental store? A) High prices. B) Small scale operations. C) Limited product variety. D) Wide variety of products under one roof. Show Answer Correct Answer: D) Wide variety of products under one roof. 5. What is the main characteristic of periodic market traders? A) They sell goods on fixed days. B) They operate in residential areas. C) They deal in high-priced goods. D) They have a fixed place of sale. Show Answer Correct Answer: A) They sell goods on fixed days. 6. A ..... retailer moves from place to place, selling items directly to customers. A) Fixed shop. B) Departmental. C) Itinerant. D) Chain. Show Answer Correct Answer: C) Itinerant. 7. If transportation delays are causing problems for internal trade, what could be a solution? A) Reduce the number of warehouses. B) Increase export sales. C) Use alternative transportation methods like railways or local delivery services. D) Reduce the production rate. Show Answer Correct Answer: C) Use alternative transportation methods like railways or local delivery services. 8. Which type of trade is more common in traditional brick-and-mortar stores? A) Physical in-person trade. B) Online trade. C) Virtual trade. D) E-commerce trade. Show Answer Correct Answer: A) Physical in-person trade. 9. Which is a fixed shop retailer? A) Street traders. B) Chain stores. C) Market traders. D) Hawkers. Show Answer Correct Answer: B) Chain stores. 10. Which type of trade is more focused on marketing and advertising to attract individual customers? A) C2C (Consumer to Consumer). B) B2C (Business to Consumer). C) B2B (Business to Business). D) P2P (Peer to Peer). Show Answer Correct Answer: B) B2C (Business to Consumer). 11. What is wholesale trade? A) Wholesale trade refers to the sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or to other wholesalers, and related subordinated services. B) Wholesale trade is limited to online sales only. C) Wholesale trade only involves selling to other wholesalers. D) Wholesale trade is the sale of goods directly to consumers. Show Answer Correct Answer: A) Wholesale trade refers to the sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or to other wholesalers, and related subordinated services. 12. What happens to the profits earned by consumer cooperative stores? A) They are distributed among middlemen. B) They are used for declaring bonuses to members and strengthening general reserves. C) They are used for advertisements and promotions. D) They are kept by the managing committee. Show Answer Correct Answer: B) They are used for declaring bonuses to members and strengthening general reserves. 13. What is the main purpose of wholesale trade? A) To sell goods at a higher price than the manufacturer. B) To buy goods in large quantities from manufacturers and sell them to retailers or other businesses. C) To only buy goods from retailers. D) To provide goods directly to consumers. Show Answer Correct Answer: B) To buy goods in large quantities from manufacturers and sell them to retailers or other businesses. 14. Trade which takes place within the geographical boundaries of a country is known as ..... A) External trade. B) Export. C) Internal trade. D) Import. Show Answer Correct Answer: C) Internal trade. 15. Personal selling is where businesses use people to sell the product after meeting face-to-face with the customer. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. The main feature of a departmental store is: A) Door-to-door service. B) Large central location. C) Temporary shop setup. D) Wholesale operations. Show Answer Correct Answer: B) Large central location. 17. What type of trade involves the purchase and sale of goods in small quantities? A) Import trade. B) Wholesale trade. C) Retail trade. D) Export trade. Show Answer Correct Answer: C) Retail trade. 18. Which of the following is NOT a type of retailer? A) Fixed shop retailer. B) Departmental store. C) Itinerant retailer. D) Wholesaler. Show Answer Correct Answer: D) Wholesaler. 19. What is retailing? A) The activities involved in selling merchandise to consumers. B) The process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. C) Selling goods to the public. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Which of the following is a characteristic of itinerant retailers? A) They are large-scale operations. B) They have a fixed place of business. C) They sell only luxury items. D) They operate with limited resources. Show Answer Correct Answer: D) They operate with limited resources. 21. "AFTER SALE SERVICES" IS PROVIDED BY- A) Manufacturers. B) Retailers. C) Consumers. D) Wholesalers. Show Answer Correct Answer: B) Retailers. 22. What are the two categories of internal trade? A) Wholesale Trade and Retail Trade. B) Domestic Trade and International Trade. C) Online Trade and Offline Trade. D) None of the above. Show Answer Correct Answer: A) Wholesale Trade and Retail Trade. 23. Buying and selling of goods and services within the boundaries of a nation are referred to as A) Retail trade. B) Wholesale trade. C) Internal trade. D) External trade. Show Answer Correct Answer: C) Internal trade. 24. What is one of the key characteristics of a supermarket? A) It offers free home delivery services. B) It operates on the principle of self-service. C) It appoints salespersons to convince customers. D) It provides credit facilities to buyers. Show Answer Correct Answer: B) It operates on the principle of self-service. 25. Who are peddlers and hawkers? A) Large-scale producers who sell goods in bulk. B) Small producers or petty traders who sell goods door-to-door. C) Retailers who operate from fixed shops. D) Wholesalers who provide financial assistance to manufacturers. Show Answer Correct Answer: B) Small producers or petty traders who sell goods door-to-door. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 9 Internal Trade Quiz 1Class 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 5Class 11 Business Studies Chapter 9 Internal Trade Quiz 6Class 11 Business Studies Chapter 9 Internal Trade Quiz 7Class 11 Business Studies Chapter 9 Internal Trade Quiz 8Class 11 Business Studies Chapter 9 Internal Trade Quiz 9Class 11 Business Studies Chapter 9 Internal Trade Quiz 10Class 11 Business Studies Chapter 9 Internal Trade Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books