This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 9 Internal Trade – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 9 Internal Trade Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is internal trade also known as? A) Home Trade. B) International Trade. C) Wholesale Trade. D) Retail Trade. Show Answer Correct Answer: A) Home Trade. 2. What is the significance of trade in modern times? A) It helps in reducing the population. B) It ensures self-sufficiency for all countries. C) It makes new products available for consumption worldwide. D) It eliminates the need for markets. Show Answer Correct Answer: C) It makes new products available for consumption worldwide. 3. Which of the following is not a service offered by wholesalers to manufacturers ( in the case that manufacturers are not the wholesalers themselves)? A) Bearing risk. B) Facilitating large scale production. C) Financial assistance. D) Granting of credit. Show Answer Correct Answer: D) Granting of credit. 4. Buying and selling of goods and services within the boundaries of a nation are referred as A) A) Internal trade. B) External trade. C) Sales transactions. D) None of the above. Show Answer Correct Answer: A) A) Internal trade. 5. What is one of the services provided by wholesalers to manufacturers? A) Facilitating large scale production. B) Direct selling to consumers. C) Advertising. D) None of the above. Show Answer Correct Answer: A) Facilitating large scale production. 6. Buy in large quantities of goods from manufacturers, store the goods, and resell them to other businesses A) Manufacturer. B) Retailer. C) Wholesaler. D) Producer. Show Answer Correct Answer: C) Wholesaler. 7. Chamber of commerce is voluntary organization for industries and business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. Which of the following is the advantage of Chain Stores A) Lack of initiative. B) Diffusion of risk. C) Difficult to change demand. D) Limited selection of goods. Show Answer Correct Answer: B) Diffusion of risk. 9. Buying something for a good price can improve your mood. I make you feel so good that shopping can be ..... A) Addictive. B) Useless. C) Alter. D) Refund. Show Answer Correct Answer: A) Addictive. 10. How does internal trade contribute to the economic stability of a country? A) By promoting international trade. B) By limiting the availability of goods. C) By ensuring goods are distributed evenly within the country. D) By creating barriers to foreign goods. Show Answer Correct Answer: C) By ensuring goods are distributed evenly within the country. 11. Which of the following are the services provided by retailers to wholesalers? A) Help in distribution of goods. B) Personal selling. C) Collecting market information. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. Which of the following statements is false about advantages of departmental stores? A) Attracts large number of customers. B) Convenience in buying. C) Diffusion of risk. D) Economy of large scale operation. Show Answer Correct Answer: C) Diffusion of risk. 13. What is a key function of wholesalers? A) Selling directly to consumers. B) Facilitating distribution to retailers. C) Collecting market information. D) Providing credit to consumers. Show Answer Correct Answer: B) Facilitating distribution to retailers. 14. Lack of initiative in the employees while dealing with customers in chain stores results in A) A. Lack of personal touch. B) B. Low sales. C) C. Conflicts. D) D)Loose the customers. Show Answer Correct Answer: A) A. Lack of personal touch. 15. Service businesses would include: A) A tire shop and a clothing store. B) A dentist and an auto mechanic. C) A jewelry store and a pet food manufacturing company. D) JC Penney and Sam's Club. Show Answer Correct Answer: B) A dentist and an auto mechanic. 16. One of these words is not related to 'a person who buys goods or services for personal use'. A) Customer. B) Marketer. C) Purchaser. D) Consumer. Show Answer Correct Answer: B) Marketer. 17. It is characteristics of ..... where in one roof goods are sold by making different departments: A) Multiple shops. B) Departmental stores. C) Wholesale trade. D) None of these. Show Answer Correct Answer: B) Departmental stores. 18. What type of retail format sells common goods such as milk and bread at a higher price than a supermarket? A) Wholesale club. B) Convenience Store. C) Supercenter. D) Discount Store. Show Answer Correct Answer: B) Convenience Store. 19. Which of the following is a limitation of departmental store A) Lack of personal attention. B) Promotion of sales. C) Lack of initiative. D) Lack of credit facilities. Show Answer Correct Answer: A) Lack of personal attention. 20. The sale of goods or services directly to the final consumer. A) Retail. B) Clearance. C) Fire Sale. D) Partnership. Show Answer Correct Answer: A) Retail. 21. Shop where manufacturer also sells the goods: A) Chain shops. B) Departmental shops. C) Hawkers. D) Stall shops. Show Answer Correct Answer: A) Chain shops. 22. What is the main advantage of centralised procurement in multiple-shop organisations? A) It increases the cost of operation. B) It ensures economies of scale. C) It decentralises the management of shops. D) It reduces the quality of goods. Show Answer Correct Answer: B) It ensures economies of scale. 23. Number of sellers in the automatic vending machine: A) One who sell goods. B) Not even one. C) One who received goods. D) Two, one seller and other receiving payment. Show Answer Correct Answer: B) Not even one. 24. What does a wholesaler do? A) Sells goods in large quantities. B) Sells goods directly to consumers. C) Manufactures goods. D) None of the above. Show Answer Correct Answer: A) Sells goods in large quantities. 25. This is the sale of large quantities of goods to retailers. Examples are Dangote Cement, Uac Foods, Coca-Cola Corporation, etc. A) Retail. B) Manufacturing. C) Wholesale. D) Service Industry. Show Answer Correct Answer: C) Wholesale. ← PreviousNext →Related 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 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