This quiz works best with JavaScript enabled. Home > Class 11 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The tertiary sector A) Is only done in rich countries. B) Is only done in physical shops. C) Offers the process of a product. D) Offers activities and services. Show Answer Correct Answer: D) Offers activities and services. 2. What distinguishes cheap jacks from other types of retailers? A) They operate on a large scale. B) They have independent shops of a temporary nature. C) They sell luxury items. D) They maintain permanent establishments. Show Answer Correct Answer: B) They have independent shops of a temporary nature. 3. Super bazar is a biggest retail institute ..... A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. What was the primary goal of implementing Goods and Services Tax (GST) in India? A) To increase the cost of goods. B) To create a unified market and ensure smooth flow of goods. C) To eliminate all taxes in the country. D) To promote international trade. Show Answer Correct Answer: B) To create a unified market and ensure smooth flow of goods. 5. Itinerant means ..... A) The ones who sell standardized products. B) The ones who have low sales turnover. C) The ones who do not have money. D) None of these. Show Answer Correct Answer: D) None of these. 6. Stores which are not coming under the category of fixed shops. A) General Stores. B) Street stallholders. C) Second-hand goods shops. D) Mail order house. Show Answer Correct Answer: D) Mail order house. 7. ..... can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise. A) Wholesaler. B) Agent. C) Retailer. D) Mercantile agent. Show Answer Correct Answer: A) Wholesaler. 8. What is a limitation of supermarkets? A) They offer free home delivery services. B) They appoint salespersons to assist customers. C) They do not offer credit facilities. D) They are located in inaccessible areas. Show Answer Correct Answer: C) They do not offer credit facilities. 9. Companies that buy the raw materials and convert them into finished goods for customers are a part of A) Manufacturing sector companies. B) Retailing sector companies. C) Service sector companies. D) Wholesaling companies. Show Answer Correct Answer: A) Manufacturing sector companies. 10. Who is a link between wholesalers and consumers? A) Manufacturers. B) Wholesalers. C) Retailers. D) None of the above. Show Answer Correct Answer: C) Retailers. 11. Who is not an itinerant retailer? A) Market trader. B) Peddlers and hawkers. C) Street stallholder. D) Chain store. Show Answer Correct Answer: D) Chain store. 12. Internal Trade A) Buying and selling of goods and services within the geographical limits of a country. B) The payment are made and received in the home country only. C) There are no or very few formalities to be completed by the traders. D) All the the above. Show Answer Correct Answer: D) All the the above. 13. What is the definition of trade? A) Selling goods at a loss. B) Only trading services. C) Exchanging goods without profit. D) A) Buying and selling of goods or services to earn profit. Show Answer Correct Answer: D) A) Buying and selling of goods or services to earn profit. 14. An entrepreneur can change a customer/client's life by providing a ..... or ..... that is needed. A) Good/service. B) Good/payment. C) Recommendation/payment. D) None of the above. Show Answer Correct Answer: A) Good/service. 15. What is the purpose of centralised purchasing arrangements in departmental stores? A) To increase the number of departments. B) To decentralise sales in different departments. C) To eliminate undesirable middlemen between producers and customers. D) To reduce the size of the store. Show Answer Correct Answer: C) To eliminate undesirable middlemen between producers and customers. 16. Which of the following services is NOT provided by Retailers A) Financial assistance. B) Personal selling efforts. C) Regular availability of goods. D) None of the above. Show Answer Correct Answer: A) Financial assistance. 17. Retail means the sale of goods or services directly to people. Which word is the antonym of retail? A) Wholesale. B) Outlet. C) Manufacture. D) Chain. Show Answer Correct Answer: A) Wholesale. 18. Why is internal trade crucial for the development of a country's economy? A) It allows the country to produce everything it needs. B) It eliminates the need for exports. C) It discourages international competition. D) It connects producers and consumers within the country. Show Answer Correct Answer: D) It connects producers and consumers within the country. 19. Multiple stores are flourish in all over country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Which of the following is not a feature of Itinerant retailers? A) Normally deal in daily use products. B) Available at very doorstep of the customers. C) They have fixed establishment to operate from. D) None of the above. Show Answer Correct Answer: C) They have fixed establishment to operate from. 21. What is GST primarily considered as in the Indian taxation system? A) A source of revenue for growth. B) A destination-based single tax on goods and services. C) A tax reform to replace direct taxes. D) A tax levied only on luxury goods. Show Answer Correct Answer: B) A destination-based single tax on goods and services. 22. Which of the following is a limitation of consumer cooperative stores? A) Lack of democratic management. B) Lack of initiative among honorary workers. C) High prices for consumer goods. D) Unlimited liability for members. Show Answer Correct Answer: B) Lack of initiative among honorary workers. 23. They are petty retailers who have independent shops of a temporary nature in a business locality A) Market Trader. B) Street Trader. C) Cheap Jacks. D) Hawkers and Paddlers. Show Answer Correct Answer: C) Cheap Jacks. 24. Distribution is deciding: A) How much it cost. B) Physically moving and storing goods. C) Getting a product setup. D) Selling a product. Show Answer Correct Answer: B) Physically moving and storing goods. 25. Which of the following is not the feature of Departmental stores? A) Wide spectrum of facilities under one roof. B) Located at central place of the city. C) Less operating costs. D) Eliminate middlemen. Show Answer Correct Answer: C) Less operating costs. ← 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 3Class 11 Business Studies Chapter 9 Internal Trade Quiz 4Class 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