MCQs For NCERT Class 11 Business Studies Chapter 10 Internal Trade

Please refer to the MCQ Questions for Class 11 Business Studies Chapter 10 Internal Trade with Answers. The following Internal Trade Class 11 Business Studies MCQ Questions have been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Business Studies with Answers for all chapters in your NCERT Class 11 Business Studies book.

Internal Trade Class 11 MCQ Questions with Answers

See below Internal Trade Class 11 Business Studies MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question. Which of the following is not an advantage of mail-order business?
(a) It required less capital.
(b) There is no risk of bad debts.
(c) It is not suitable for illiterates.
(d) Home delivery of goods is possible.

Question. To which of the following would the mercantilists have objected?
(a) Free trade
(b) Stimulating Exports
(c) Accumulation of gold by their nation
(d) Restraining imports

Question. Which of the following is an advantage of chain stores:
(a) Elimination of middlemen
(b) No bad debts
(c) Low cost
(d) All of the above

Question. Which among the following is not concerned with Chambers of Commerce & Industry
(a) CII
(b) FICCI
(c) ICICI
(d) ASSOCHAM

Question. On the basis of geographical location of buyers and sellers, trade can be classified into:
(a) Internal trade and external trade
(b) Buying trade and selling trade
(c) Commerce and trade
(d) None of the above

Question. Goods imported for the purpose of export is known as
(a) Home trade
(b) Foreign trade
(c) Entrepot
(d) Trade

Question. The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.
(a)Tele-shopping
(b) mail order trading house
(c) Departmental store
(d) co-operative store

Question. ____ are mobile traders who deal in low priced articles with no fixed place of business.
(a) Street stalls
(b) Retailers
(c) Itinerant traders
(d) Agents

Question. A difference in relative commodity prices between two nations can be based upon difference in
(a) Factor endowment
(b) Technology
(c) Taste
(d) All of the above

Question. Small scale Fixed retailers includes _______
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores

Question. The retailer plays as a link between
(a) Consumer and manufacturer
(b) Consumer and wholesaler
(c) Manufacturer and wholesaler
(d) He doesn’t link any

Question. Which is not related to the trade by moving from one place to another:
(a) Hawkers
(b) Street sellers
(c) Pedlars
(d) Street shops.

Question. Retailers help in promotion of sale of products, is this a service rendered by retailers to manufacturers:
(a) True
(b) Partially true
(c) False
(d) None of the above

Question. This retail business acts as a universal supplier of a wide variety of products.
(a) Departmental store
(b) Multiple shop
(c) Mail order Business.
(d) Tele-shopping

Question. Which is not example of big scale retail shop:
(a) Departmental store
(b) Super bazar
(c) Multiple shop
(d) Mail store.

Question. Small retailers who are commonly found at places with huge population are called _______
(a) Market traders
(b) Second hand goods shop
(c) Peddlers and hawkers
(d) Street retailers

Question. The personnel in chain stores have to obey the instructions received from
(a) Branch supervisor
(b) General Manager
(c) Head office
(d) Board of Directors

Question. Which type of retailers provides door to door services to their customers
(a) Street traders
(b) Peddlers and hawkers
(c) General stores
(d) Street stall holders

Question. Sale of specific line of products by these vendors.
(a) Speciality shops
(b) Mail Order Houses
(c) Secondhand goods shops
(d) Departmental stores

Question. Wholesale trade refers to
(a) Exporting goods and services
(b) Importing goods and services
(c) Buying and selling of goods and services in large quantities
(d) Buying and selling of goods and services in small lots

Question. Which of the following is not the type of goods sold by speciality shops:
(a) Children’s garment
(b) Ladies shoes
(c) Toys and gifts
(d) Used books

Question. Lack of initiative in the employees while dealing with customers in chain stores results in
(a) Lack of personal touch
(b) Low sales
(c) Conflicts
(d) Loose the customers

Question. Retailers who have no fixed place of sale are called_____
(a) Itinerant retailers
(b) Street traders
(c) Market traders
(d) Hawkers

Question. Chain stores usually sells the products.
(a) Produced by themselves
(b) Produced by producers
(c) Produced by others
(d) Supplied by others

Question. Which of the following is a service offered by wholesaler to retailer
(a) Facilitate production continuity
(b) Facilitates large scale production
(c) Risk sharing
(d) Storage

Fill in the blanks:

Question. Depatmental stores are generally located at a _________ .

Question. Internal trade is classified into two categories __________ and ________ trade. 

Question. Secondhand goods shops sell their goods at _________ prices. 

Question. There is absence of after sales services in case of __________ retail outlets.

Question. Export and supplies to SEZ are ___________ rated. 

Question. The traders dealing in retail trade are called _________.

Question. The traders dealing in bulk merchandised are called as _________ . 

True / False:

Question. Retailers help the producers in the process of actualizing the sale of the products.

Question. In departmental stores both sale & purchase is centralized.

Question. The government of India implemented GST from the year 2017.

Question. Retailers sale and purchase goods in relatively small quantity to ultimate consumers,

Question. One of the tax rate from the slabs of GST is 26 Percent.

Question. The wholesaler performs various marketing functions and provide support to the consumers.

Match the following: 

Question. On the basis of limitation of Large scale retailer

1. Lack of personal attention	(a) Mail order
2. Delayed delivery	(b) Departmental store
	(c) Multiple shops

Question. On the basis of features of departmental store

1. Provides all facilities	(a) Located in the heart of city
2. Location	(b) Helps in eliminating undesirable middleman
	(c) Resturant, travel & information bureau, telephone booth, rest room etc

Question. On the basis of advantage of mail order house

1. Limited capital requirement	(a) Goods sent to all the places having postal services.
2. Absence of Bad debt	(b) Goods are delivered at the door step
3. Convenience	(c) Does not require heavy expenditure on building & other infrastructural facilities.
4. Wide reach	(d) Do not extend credit facilities to customers

Question. On the basis of features of mail order house

1. No direct contact	(a) Goods may be sent through VPP
2. No risk of bad debts	(b) Goodsare handed over to the buyers only after full payment.
	(c) Contact through mail

Question. On the basis of disadvantages of Large fixed shop retailers.

1. Lack of personal Attention	(a) Chain Stores
2. Limited selection of goods	(b) Departmental Stores
	(c) General Stores

Question. On the basis of services of retailer to consumer

1. Provides the consumer with choices out of many options	(a) After sale services
2. Situated near to residential areas and remain open for long hours	(b) Regular availability of products
	(c) Wide selection
	(d) Convenience in buying

Pictorial Questions:

Question. Identify any one service of retailer to wholesaler.

Question. Identify the type of fixed shop large scale retailer.

Question. Intermediary who is buying the goods in bulk quantity

Question. With the help of given picture identify any one feature of GST

Question. Identify the form of business in which this type of document is used.