Internal Trade Quiz

(a)   trade refers to the buying and selling of goods within the boundaries of a nation.

Wholesalers buy goods in (a)   quantities from manufacturers to sell to retailers.

A (a)   sells products directly to the ultimate consumers.

The organization that helps regulate and promote trade by reducing barriers and improving policies is called the (a)   of Commerce.

Goods and Services Tax, also known as (a)   , unifies the market and simplifies the tax system in India.

Which of the following is a function of wholesalers for manufacturers?

• Providing variety

• Personal selling

• Bearing risk

• Final consumer sale

Internal trade does NOT include:

• Selling goods within national boundaries

• Importing goods

• Selling through wholesalers

• Buying and selling within a city

Which of the following is a feature of a departmental store?

• Selling only groceries

• Self-service only

• Varied products under one roof

• Door-to-door service

In India, which tax replaced multiple indirect taxes?

• VAT

• Service tax

• GST

• Income tax

A __________ retailer moves from place to place, selling items directly to customers.

• Fixed shop

• Departmental

• Itinerant

• Chain