CBSE Class 11 (Commerce) Internal Trade — practice questions
49 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 11 (Commerce) Internal Trade in the app →Buying and selling of goods within the boundaries of one nation is called what?Trade between two or more countries is classified as which kind of trade?Internal trade is broadly divided into which two categories?Purchase and sale of goods in large quantities for resale or intermediate use is known as what?Sale of goods in relatively small quantities, generally to ultimate consumers, is called what?What does internal trade aim at in distributing goods?Wholesalers serve as an important link between which two parties?By storing goods until retailers demand them, wholesalers provide which utility?Which risk is NOT one that a wholesaler holding goods in godowns usually bears?Wholesalers can advise manufacturers on customer tastes because they are in direct contact with whom?How do wholesalers relieve retailers of keeping a big inventory?Credit from wholesalers lets retailers run their business with what?A business enterprise selling goods directly to ultimate consumers is called a what?A farmer selling vegetables by the roadside directly to consumers is engaged in which activity?Retailers help distribute products to scattered consumers, thereby providing which utility?Retailers stay in constant touch with buyers, so they serve as a source of what for producers?Which after-sales service is typically offered by retailers?Which retailer service gives consumers a wide selection of goods?Retailers situated near homes and open for long hours give consumers what benefit?In a Cash on Delivery transaction, when is payment made?Under a Free on Board (FOB) contract, who bears expenses up to delivery to the carrier?A price that includes cost of goods plus insurance and freight up to the destination port is called what?Traders who move from street to street with their wares in search of customers are called what?Which retailers carry goods on a cycle, hand cart or on their heads to sell at the doorstep?Small retailers who open shops at different places on fixed days, such as every Saturday, are known as what?Which retailers are found near railway stations and bus stands where floating population gathers?Petty retailers with temporary independent shops who shift localities by the area's potential are called what?Compared with itinerant traders, fixed shop retailers generally enjoy greater what?Which small fixed-shop retailers carry a variety of daily-need products in a local market?The success of a general store depends much on the owner's what?Shops selling only children's garments or school uniforms are examples of which type of store?Which small vendors deal in cheap goods at street crossings with heavy traffic flow?Shops dealing in used books, clothes and furniture at lower prices are called what?A large store with well-defined departments offering almost every need under one roof is called what?Departmental stores are generally located at which kind of place?Because of their large size, departmental stores are generally organised as what?In a departmental store, how are purchases and sales arranged?Which of these is a limitation of departmental stores?A network of similar shops owned and run by one organisation with identical merchandising is called what?Chain stores mainly deal in which kind of products?In a chain store system, who is responsible for the day-to-day management of each shop?How are sales usually made in multiple shops?Why do multiple shops suffer no losses from bad debts?Retail outlets that sell merchandise through the post, with no personal contact, are called what?Under Value Payable Post (VPP), when are goods delivered to the customer?Which goods are unsuitable for mail order trading?Compared with a big shop, mail order business needs what level of capital?An organisation owned, managed and controlled by consumers themselves is what?What voting rule applies in a consumer cooperative store?