This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 9 Internal Trade – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 9 Internal Trade Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Business by post is a example of retail trade A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. The decoration of chain stores are same in everywhere. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Which of the following is NOT a function of a wholesaler? A) Buying goods in bulk. B) Selling goods in small quantities. C) Manufacturing products. D) Providing credit facilities to retailers. Show Answer Correct Answer: C) Manufacturing products. 4. The wholesalers advice the manufacturers about the aspects related to A) Market conditions. B) Competitive activities. C) Customers' taste and preferences. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Choose the sercive of manufacturers to retailers A) Facilitating large scale production. B) Financial assistance. C) Grant of credit. D) Facilitate production continuity. Show Answer Correct Answer: C) Grant of credit. 6. Which type of trade involves the transportation of goods from one place to another? A) Export trade. B) Retail trade. C) Wholesale trade. D) Distribution trade. Show Answer Correct Answer: D) Distribution trade. 7. These vendors are found at street crossing where flow of traffic is heavy? A) (a) Market traders. B) (b) Street stall holders. C) (c ) General Stores. D) (d Speciality shops. Show Answer Correct Answer: B) (b) Street stall holders. 8. Second hand goods shop is a type of fixed shop retailers? A) YES. B) NO. C) CAN'T SAY. D) None of the above. Show Answer Correct Answer: A) YES. 9. Which of the following is a feature of a departmental store? A) Selling only groceries. B) Self-service only. C) Varied products under one roof. D) Door-to-door service. Show Answer Correct Answer: C) Varied products under one roof. 10. What are the main types of internal trade? A) Export trade. B) Import trade. C) Barter trade. D) Wholesale trade, retail trade, e-commerce. Show Answer Correct Answer: D) Wholesale trade, retail trade, e-commerce. 11. Trade is A) Exchange. B) Buying and selling of goods and services. C) Location of buyers and sellers. D) Marketing. Show Answer Correct Answer: B) Buying and selling of goods and services. 12. Which of the following typically rises during a recession? A) Unemployment. B) Average income. C) Production. D) Stock prices. Show Answer Correct Answer: A) Unemployment. 13. What is one of the services provided by retailers to consumers? A) Regular availability of products. B) Manufacturing goods. C) Wholesale selling. D) None of the above. Show Answer Correct Answer: A) Regular availability of products. 14. Which of the following services is commonly provided by fixed shop retailers? A) Selling products at discounted rates. B) Home delivery and credit facilities. C) Operating on a temporary basis. D) Selling only non-durable goods. Show Answer Correct Answer: B) Home delivery and credit facilities. 15. What role do middlemen play in internal trade? A) Middlemen are responsible for manufacturing goods. B) Middlemen play a crucial role in facilitating transactions, reducing costs, and improving market efficiency in internal trade. C) Middlemen have no impact on market efficiency. D) Middlemen only increase prices for consumers. Show Answer Correct Answer: B) Middlemen play a crucial role in facilitating transactions, reducing costs, and improving market efficiency in internal trade. 16. Which of the following are examples of fixed stores A) Departmental stores. B) Chain stores or multiple shops. C) Both a and b. D) Neither a nor b. Show Answer Correct Answer: C) Both a and b. 17. Internal trade classified into ..... parts, which are ..... A) 3, domestic trade, inland trade, home trade. B) 2, wholesale trade, retail trade. C) 2, itinerant trade, fixed shop trade. D) None of these. Show Answer Correct Answer: B) 2, wholesale trade, retail trade. 18. What is the primary benefit of retailers providing after-sales services? A) Reduces marketing costs. B) Enhances customer satisfaction and loyalty. C) Eliminates the need for wholesalers. D) Increases production efficiency. Show Answer Correct Answer: B) Enhances customer satisfaction and loyalty. 19. Which type of trade usually involves lower prices per unit? A) Luxury trade. B) Exclusive trade. C) Retail trade. D) Bulk or wholesale trade. Show Answer Correct Answer: D) Bulk or wholesale trade. 20. Which type of trade is more focused on building relationships with businesses and organizations? A) B2B (Business to Business) trade. B) B2C (Business to Consumer) trade. C) C2C (Consumer to Consumer) trade. D) P2P (Peer to Peer) trade. Show Answer Correct Answer: A) B2B (Business to Business) trade. 21. Usually high income group of customers who give more weightage to value added services rather than the prices of the product visit these stores A) Departmental stores. B) Multiple Stores. C) General stores. D) All of the above. Show Answer Correct Answer: A) Departmental stores. 22. Price is same in: A) Retail trade. B) Chain shop. C) Super bazar. D) None of these. Show Answer Correct Answer: B) Chain shop. 23. The difference between the wholesale price and retail price A) Cost-Benefit Analysis. B) Markdown. C) Discount Percentage. D) Markup. Show Answer Correct Answer: D) Markup. 24. Which of the following is NOT a characteristic of internal trade? A) Involves buying and selling within a country. B) Requires customs duties and import taxes. C) Can be classified into wholesale and retail trade. D) Contributes to economic growth. Show Answer Correct Answer: B) Requires customs duties and import taxes. 25. Which of the following service is not provided by the wholesalers to retailers? A) Availability of goods. B) Risk sharing. C) Marketing support. D) Production continuity. Show Answer Correct Answer: D) Production continuity. ← 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 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 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