This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 9 Internal Trade – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 9 Internal Trade Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is internal trade? A) Trade involving retailers only. B) Trade between countries. C) Trade within a country. D) Trade involving wholesalers only. Show Answer Correct Answer: C) Trade within a country. 2. Everybody loves getting a ..... A) Bargain. B) Purchase. C) Retail. D) Cost. Show Answer Correct Answer: A) Bargain. 3. Which type of business buys large amounts of good and sells them to retailers? A) Manufacturing. B) Wholesale. C) Retail. D) None of the above. Show Answer Correct Answer: B) Wholesale. 4. ..... sells goods at different places on fixed days. A) Street traders. B) Cheap jacks. C) Market traders. D) Hawkers. Show Answer Correct Answer: C) Market traders. 5. Big Bazar is the example of ..... A) Departmental stores. B) Chain stores. C) General stores. D) Shop. Show Answer Correct Answer: A) Departmental stores. 6. What is the primary benefit of trade? A) Limited market access. B) Increased unemployment. C) Reduced international relations. D) Access to a wider variety of goods. Show Answer Correct Answer: D) Access to a wider variety of goods. 7. Goods or services sold from producers directly to the final user, no middlemen A) Indirect channel. B) Direct Channel. C) All the above. D) None of the above. Show Answer Correct Answer: B) Direct Channel. 8. What is the liability of members in a consumer cooperative store? A) Unlimited liability for all members. B) Limited to the extent of the capital contributed by them. C) Liability depends on the profits earned. D) Liability is shared equally among all members. Show Answer Correct Answer: B) Limited to the extent of the capital contributed by them. 9. ATM stands for ..... A) Any time money. B) Automated time money. C) Automated teller machine. D) Automatic teller machine. Show Answer Correct Answer: C) Automated teller machine. 10. The price a consumer pays for an item A) Wholesale price. B) Discount Price. C) Markup Percentage. D) Retail Price. Show Answer Correct Answer: D) Retail Price. 11. Which of the following is a challenge faced by businesses in internal trade? A) Lack of demand. B) Export restrictions. C) High transportation costs within the country. D) Currency fluctuations. Show Answer Correct Answer: C) High transportation costs within the country. 12. Traders who keep on moving from place to place to sell their goods is known as A) Retail traders. B) Whole-sale trader. C) Manufacturer. D) Itinerant retailers. Show Answer Correct Answer: D) Itinerant retailers. 13. Retailing comprises of all the business activities that add value to the products and services customers buy. This includes: A) Merchandise assortment. B) Packaging. C) Customer Service. D) Merchandise assortment, packaging, customer service. Show Answer Correct Answer: D) Merchandise assortment, packaging, customer service. 14. Mail order houses get orders and send goods by: A) Shops Mail Hawkers Agents. B) Mail. C) Hawkers. D) Agents. Show Answer Correct Answer: B) Mail. 15. Service sector companies include which of the following A) Cellular phone producers. B) Banks and investment managers. C) Automotive producers. D) Wholesalers. Show Answer Correct Answer: B) Banks and investment managers. 16. Spot the odd one A) Consumer. B) Producer. C) Wholesaler. D) Bank. Show Answer Correct Answer: D) Bank. 17. Which is not characteristic of wholesaler: A) (a) Selling goods on large scale. B) (b) Direct relation with customers. C) (d) Trade of limited goods. D) None of the above. Show Answer Correct Answer: B) (b) Direct relation with customers. 18. The sale of goods in small amounts or on a small scale. Examples are Ebeano, Shoprite, Game, or Spar. A) Retail. B) Wholesale. C) Manufacturing. D) Agriculture. Show Answer Correct Answer: A) Retail. 19. There is centralised purchase as well as centralised sale in ..... ? A) Departmental store. B) Chain store. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Departmental store. 20. Which of the following is not a fixed shop small retailer? A) Specialty shop. B) Street trader. C) Street stall holder. D) General store. Show Answer Correct Answer: B) Street trader. 21. Trade can be classified on the basis of location of buers and sellers as A) Internal trade. B) External trade. C) Internal and external trade. D) None. Show Answer Correct Answer: C) Internal and external trade. 22. Which one of the following is the fixed shop small retailer? A) Departmental stores. B) Specialty shops. C) Itinerant retailers. D) Market Traders. Show Answer Correct Answer: B) Specialty shops. 23. What is the main purpose of export 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 sell goods to other countries for consumption or resale. Show Answer Correct Answer: D) To sell goods to other countries for consumption or resale. 24. What are the typical customers of import trade? A) Manufacturers. B) Individual consumers. C) Service providers. D) Retailers, resellers, and other businesses that need products from other countries. Show Answer Correct Answer: D) Retailers, resellers, and other businesses that need products from other countries. 25. Mail order houses rely heavily on ..... A) Bank. B) Service. C) Post. D) Retailers. Show Answer Correct Answer: C) Post. ← 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 8Class 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