Test: Internal Trade - 2


20 Questions MCQ Test Business Studies (BST) Class 11 | Test: Internal Trade - 2


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This mock test of Test: Internal Trade - 2 for Commerce helps you for every Commerce entrance exam. This contains 20 Multiple Choice Questions for Commerce Test: Internal Trade - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Internal Trade - 2 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Internal Trade - 2 exercise for a better result in the exam. You can find other Test: Internal Trade - 2 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

Which of the following is not concerned with Chambers of Commerce & Industry

Solution:

The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India. It is a non-government, not-for-profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs. The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. It is involved in sector specific business polus building, and business promotion and networking. It is headquartered in the national capital New Delhi and has presence in 12 states in India and 8 countries across the world.

QUESTION: 2

In new policy of government ________ Tax is being imposed instead of sales tax

Solution:
QUESTION: 3

Which of the following is come under Fixed Shop Small Retailers? 

Solution:

Retailers who have a fixed shop and have a permanent place for business are called fixed shop retailers. General stores are one of the parts of Fixed shop retailers. They sell day to day essentials. General stores are found where it is convenient for the customers.

QUESTION: 4

Who offers facilities of after sales services?

Solution:

Retailer- It refers to buying goods from the manufacturer or wholesalersomething and selling the same to the ultimate consumer . The retail trade generally deals in a variety of goods . Those who are engaged in retail trade are called retailers.

QUESTION: 5

Buying and selling of goods and services in large quantities for the purpose of resale or intermediate use by _________

Solution:
QUESTION: 6

The purchase of goods from a foreign country is called ____________

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QUESTION: 7

The persons who come in between the primary producer and the final consumer to promote trade is called as ____________

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QUESTION: 8

When goods are imported for the purpose of export is called as _________

Solution:
QUESTION: 9

An agent is appointed by the ____________

Solution:

An attorney is a special form of agent appointed by a principal by deed (known as "power of attorney") to create a legally binding contract on behalf of the principal with a third party or to do any other acts on behalf of the principal.

QUESTION: 10

A warehouse keeper accepts goods for the purpose of ____________

Solution:
QUESTION: 11

Wholesaler?s deals in ____________ quantity of goods

Solution:
QUESTION: 12

____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.

Solution:
QUESTION: 13

____________ are agents who merely bring the buyer and the seller into contact.

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QUESTION: 14

____ are mobile traders who deal in low priced articles with no fixed place of business.

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QUESTION: 15

Small scale Fixed retailers includes ____________

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QUESTION: 16

This retail business acts as a universal supplier of a wide variety of products.

Solution:

A department store is a huge retail shop situated at a central place in the city, divided into a number of small shops or departments each dealing with one or two lines of goods and specialising in those lines. All such departments or speciality shops are under one roof and under one management and control.

QUESTION: 17

It is a network of a number of branches situated at different localities in the city or in the different parts of the country.

Solution:
QUESTION: 18

The aim is to economies by buying in common and to retain their profits by selling in common.

Solution:
QUESTION: 19

The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.

Solution:
QUESTION: 20

It helps disabled and elderly people.

Solution:

The ability to carry heavy shopping bags is one of the first that is lost as age and frailty increase. Its not easy for elders to learn new technology like internet to place order on mobile apps or laptop. So tele-shopping is the best option for them to place an order on a call by easily describing their need.

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