Types of trade quiz

  Before intervention of money how was trade happened in India?

•   Monetary system

• Exchange goods for goods

• People produce products for own consumption

•     Barter system

Trade is conducted in order earn--------------

•   Goodwill

•    Profit

•    (a) & (b)

•       All the above

    Trade takes place between the buyers and the sellers in the same locality then it what types of trade --------?

•       External trade

•   Import trade

•     Internal trade

•      Export trade

      The purchase of products from a foreign country is called ----------

•       Export trade

• Entrepot trade

• Import trade

• Re export trade

    ---------------- act as a connective link between the  producer and the consumer

• Industry

• Commerce

• Business

• Trade

State the types of internal trade

  Mr. Ram who commenced business of Re-export oil products. For that he imports fossil fuel from other states and produces the product for purpose of export the product. Name the type of trade he is engaged.

What is retail trade?

Give examples of entrepot trade.

Write the features of internal trade.