Worksheets10.Internal Trade
Total questions: 126
Worksheet time: 2hrs 53mins
Name
Class
Date
1.
1. What do you mean by trade:
a)
(a) Buying goods and services with the objective of earning profit.
b)
(b) Selling of goods and services with the objective of earning profit.
c)
(c) Buying and selling goods and services with the objective of earning profit.
d)
(d) Buying and selling of goods and services with the objective of social work.
2.
2. On the basis of geographical location of buyers and sellers, trade can be classified into:
a)
(a) Internal trade and external trade
b)
(b) Buying trade and selling trade
c)
(c) Commerce and trade
d)
(d) None of the above
3.
3. Trade that takes place within the country is called:
a)
(a) External trade
b)
(b) Internal trade
c)
(c) Commerce
d)
(d) None of the above
4.
4. Internal trade is further classified into:
a)
(a) State trade and city trade
b)
(b) Domestic trade and foreign trade
c)
(c) Wholesale trade and retail trade
d)
(d) All of these
5.
5. Purchase and sale of goods and services in_______quantity is referred to as wholesale trade:
a)
(a) Small
b)
(b) Little
c)
(c) Large
d)
(d) Slight
6.
6. Traders dealing in retail trade are called as_______:
a)
(a) Wholesalers
b)
(b) Retailers
c)
(c) Shopkeepers
d)
(d) Sellers
7.
7. Mr A runs a shop in the Nehru market, he sells large quantities of goods to various shopkeepers. Mr. A is a:
a)
(a) Retailer
b)
(b) Wholesaler
c)
(c) Trader
d)
(d) All of the above
8.
8. Wholesalers act as a link between_______and_______:
a)
(a) Manufacturer and customer
b)
(b) Retailer and customer
c)
(c) User and manufacturer
d)
(d) Manufacturer and retailer
9.
9. Which of the following is services provided by wholesalers to retailers:
a)
(a) Availability of goods
b)
(b) Marketing support
c)
(c) Grant of credit
d)
(d) All of the above
10.
10. What do you mean by Itinerant retailers:
a)
(a) They are traders who do not have a fixed place of business to operate from.
b)
(b) They are traders who have a fixed place of business to operate from.
c)
(c) They are traders who do not have a fixed type of business to operate.
d)
(d) They are traders who do not have a fixed form of business to operate.
11.
11. Which of the following are types of itinerant retailers:
a)
(a) Cheap jacks
b)
(b) Peddlers
c)
(c) Hawkers
d)
(d) All of the above
12.
12. Suman sells ice cream on his bicycle moving from one place to another, he is a:
a)
(a) Cheap jack
b)
(b) Hawker
c)
(c) Market trader
d)
(d) Street trader
13.
13. Aryan has a retail shop which he opens only on Sunday. According to you under which category does Aryan come:
a)
(a) Hawker
b)
(b) Peddler
c)
(c) Street trader
d)
(d) Market trader
14.
14. ______are considered as the oldest form of itinerant retailers:
a)
(a) Peddlers
b)
(b) Market trader
c)
(c) Street trader
d)
(d) Cheap jacks
15.
15. The main advantage of peddlers and hawkers are:
a)
(a) It provides convenient service to the consumers
b)
(b) Provides good quality products
c)
(c) Provides after-sales services
d)
(d) All of the above
16.
16. Generally Market traders deal in:
a)
(a) One particular line of merchandise
b)
(b) All kinds of product
c)
(c) Alternate products on alternate days
d)
(d) All of the above
17.
17. Street traders are also called as:
a)
(a) Hawkers
b)
(b) Market traders
c)
(c) Pavement traders
d)
(d) None of the above
18.
18. Retailers who deal in goods on a hand cart near bus stops and railway stations are called as:
a)
(a) Street traders
b)
(b) Market traders
c)
(c) Hawkers
d)
(d) Peddlers
19.
19. Fixed shop retailers are classified as:
a)
(a) Small shop-keepers
b)
(b) Large retailer
c)
(c) Both of these
d)
(d) None of these
20.
20. General stores comes under the category of:
a)
(a) Large stores
b)
(b) Chain stores
c)
(c) Departmental stores
d)
(d) Fixed shop small retailers
21.
21. Speciality shops are_______types of retailers that deals in__________:
a)
(a) Itinerant traders; different types of product
b)
(b) Fixed shop retailers; specific type of products
c)
(c) Fixed shop retailers; different type of product
d)
(d) Chain stores; all types of products
22.
22. Generally, the________may deal in rare objects of historical value and antique items.
a)
(a) Chain stores
b)
(b) Departments
c)
(c) Second-hand shops
d)
(d) Peddlers
23.
23. Which of the following is fixed shop large stores:
a)
(a) Departmental stores
b)
(b) Chain stores
c)
(c) Multiple stores
d)
(d) All of the above
24.
24. The phrase ‘all shopping under one roof’ defines:
a)
(a) Chain stores
b)
(b) Departmental stores
c)
(c) Second hand shops
d)
(d) Multiple stores
25.
25. Which of the following is an example of Departmental store in India:
a)
(a) Mc Donald’s
b)
(b) Pizza Hut
c)
(c) Spencer’s in Chennai
d)
(d) All of the above
26.
26. A Departmental store:
a)
(a) Provides almost all types of facilities
b)
(b) Is large in size
c)
(c) Combines the functions of retailing as well as warehousing
d)
(d) All of these
27.
27. Which of the following is an advantage of Departmental stores
a)
(a) No bad debts
b)
(b) Economies of large scale operations
c)
(c) Flexibility
d)
(d) Low cost
28.
28. The reason that departmental stores attract large number of customers can be:
a)
(a) Usually located at central places
b)
(b) Contains expensive products
c)
(c) Their huge operating cost
d)
(d) All of the above
29.
29. Which among these is a limitation of departmental stores:
a)
(a) High possibility of loss
b)
(b) High operating cost
c)
(c) Lack of personal attention
d)
(d) All of the above
30.
30. Chain stores can be defined as:
a)
(a) Network of retail shops
b)
(b) Sub branch of departmental stores
c)
(c) Wholesale shops
d)
(d) None of the above
31.
31. Each retail shop of a chain network has a________who supervises it:
a)
(a) Branch manager
b)
(b) Store head
c)
(c) Owner of the chain store
d)
(d) None of the above
32.
32. The manufacturing of merchandise of the retail units in a chain store is centralised at the________:
a)
(a) Owner’s house
b)
(b) Store
c)
(c) Departmental store
d)
(d) Head office
33.
33. The manufacturing of merchandise of chain stores is centralised at the head office, this helps in:
a)
(a) Huge cost of operation
b)
(b) Huge production
c)
(c) Less production
d)
(d) Less cost of production
34.
34. Generally, chain stores make transactions on:
a)
(a) Banks
b)
(b) Cash
c)
(c) UPI
d)
(d) None of the above
35.
35. An example of Chain store is:
a)
(a) Burger king
b)
(b) Raymond
c)
(c) Bata
d)
(d) All of the above
36.
36. Which of the following is an advantage of chain stores:
a)
(a) Elimination of middlemen
b)
(b) No bad debts
c)
(c) Low cost
d)
(d) All of the above
37.
37. Which of the following can be treated as a difference between Departmental store and a food chain:
a)
(a) Departmental stores provide different kind of products whereas chain stores providespecific type of products
b)
(b) Departmental stores provide maximum service to their customers whereas chain stores provide very limited service
c)
(c) Departmental stores have certain flexibility in respect of the line of goods marketed whereas chain stores do not have such flexibility
d)
(d) All of the above
38.
38. Which of the following are services rendered by retailers to wholesalers and manufacturers:
a)
(a) Personal selling
b)
(b) Collecting market information
c)
(c) Enabling large-scale operations
d)
(d) All of the above
39.
39. Retailers help in promotion of sale of products, is this a service rendered by retailers to manufacturers:
a)
(a) True
b)
(b) Partially true
c)
(c) False
d)
(d) None of the above
40.
40. Following are the services rendered by the retailers to their customers:
a)
(a) Regular availability of products
b)
(b) New products information
c)
(c) After-sales services
d)
(d) All of the above
41.
41. Retailers provide credit facilities to their regular buyer, this enables the buyer to:
a)
(a) Increase their level of consumption
b)
(b) Increase their standard of living
c)
(c) Both of the above
d)
(d) None of the above
42.
42. Retail outlets that sell their merchandise through mail are called as:
a)
(a) General stores
b)
(b) Mail Order Houses
c)
(c) Super markets
d)
(d) Chain stores
43.
43. A supermarket:
a)
(a) Operates on the principle of self-service
b)
(b) Generally located at central locations
c)
(c) Make sales on a cash basis only
d)
(d) All of the above
44.
Question : Payment made in internal trade:
a)
(a) Import duty
b)
(b) Export duty
c)
(c) VAT
d)
(d) None of these
45.
Question : It helps disabled and elderly people.
a)
(a) Tele-shopping
b)
(b) E-commerce
c)
(c) multiple shop
d)
(d) installment system
46.
Question : ____ are mobile traders who deal in low priced articles with no fixed place of business.
a)
(a) Street stalls
b)
(b) Retailers
c)
(c) Itinerant traders
d)
(d) Agents
47.
Question : Agents are appointed by?
a)
(a) Manufacturer
b)
(b) Wholesaler
c)
(c) Retailer
d)
(d) Principal
48.
Question : Wholesaler help the manufacturer in availing the economies of scale by
a)
(a) Making huge order
b)
(b) Doing marketing of manufacturer
c)
(c) collects order from various retailers and passes on this pool of order to the manufacturer
d)
(d) None of the above
49.
Question : Where departmental store are famous:
a)
(a) USA and Europe
b)
(b) India
c)
(c) China
d)
(d) Pakistan.
50.
Question : An agent is appointed by the _________
a)
(a) Principal
b)
(b) Manufacturer
c)
(c) Wholesaler
d)
(d) Retailer
51.
Question : The aim is to economies by buying in common and to retain their profits by selling in common.
a)
(a) multiple shop
b)
(b) web marketing
c)
(c) teleshopping
d)
(d) consumers co-operative store
52.
Question : International trade contributes and increases the world _________
a)
(a) Population
b)
(b) Inflation
c)
(c) Economy
d)
(d) Trade Barriers
53.
Question : The purchase of goods from a foreign country is called ____________
a)
(a) Entreport
b)
(b) Import
c)
(c) Re-Export
d)
(d) Export
54.
Question : _____ means selling the products at a price less than on going price in the market.
a)
(a) Quota
b)
(b) Tariff
c)
(c) Subsidy
d)
(d) Dumping
55.
Question : The aim is to economies by buying in common and to retain their profits by selling in common.
a)
(a) multiple shop
b)
(b) web marketing
c)
(c) teleshopping
d)
(d) consumer?s co-operative store
56.
Question : Goods imported for the purpose of export is known as
a)
(a) Home trade
b)
(b) Foreign trade
c)
(c) Entrepot
d)
(d) Trade
57.
Question : The retailer plays as a link between
a)
(a) Consumer and manufacturer
b)
(b) Consumer and wholesaler
c)
(c) Manufacturer and wholesaler
d)
(d) He doesn’t link any
58.
Question : In consumers co-operative store goods are sold :
a)
(a) Only in cash
b)
(b) Only credit
c)
(c) Both
d)
(d) Free
59.
Question : Which is not example of big scale retail shop:
a)
(a) Departmental store
b)
(b) Super bazar
c)
(c) Multiple shop
d)
(d) Mail store.
60.
Question : Goods imported for the purpose of export is known as
a)
(a) Home trade
b)
(b) Foreign trade
c)
(c) Entrepot
d)
(d) Trade
61.
Question : Which among the following is not concerned with Chambers of Commerce & Industry
a)
(a) CII
b)
(b) FICCI
c)
(c) ICICI
d)
(d) ASSOCHAM
62.
Question : A warehouse keeper accepts goods for the purpose of ____________
a)
(a) Selling
b)
(b) Packaging
c)
(c) Export
d)
(d) Storage
63.
Question : Which among the following is not concerned with Chambers of Commerce & Industry
a)
(a) CII
b)
(b) FICCI
c)
(c) ICICI
d)
(d) ASSOCHAM
64.
Question : Small scale Fixed retailers includes __________
a)
(a) Hawkers
b)
(b) Pedlars
c)
(c) Cheap Jacks
d)
(d) General stores
65.
Question : The international trade between ___________ is like a vast game of beggar my neighbor.
a)
(a) Exporter & Importer
b)
(b) Two Countries
c)
(c) Two world wars
d)
(d) Country’s allies and enemies
66.
Question : This retail business acts as a universal supplier of a wide variety of products.
a)
(a) Multiple shop
b)
(b) Mail order Business
c)
(c) Tele-shopping
d)
(d) Departmental store
67.
Question : Domestic company limits it’s operations to ___________ political boundaries.
a)
(a) International
b)
(b) National
c)
(c) Transnational
d)
(d) Global
68.
Question : The purchase of goods from a foreign country is called ____________
a)
(a) Entreport
b)
(b) Import
c)
(c) Re-Export
d)
(d) Export
69.
Question : This retail business acts as a universal supplier of a wide variety of products.
a)
(a) Multiple shop
b)
(b) Mail order Business
c)
(c) Tele-shopping
d)
(d) Departmental store
70.
Question : These are agents whose function is to bring the buyer and the seller into contact.
a)
(a) Commission agent
b)
(b) Selling agent
c)
(c) Broker
d)
(d) Stockist
71.
Question : _____ are usually seen at places where a there is a huge gathering on a regular basis; such as on bus stops, railway stations, office areas, etc.
a)
(a) Wholesaler
b)
(b) Manufacture
c)
(c) Street traders
d)
(d) Retailer
72.
Question. Wholesale trade refers to
a)
(a) Exporting goods and services
b)
(b) Importing goods and services
c)
(c) Buying and selling of goods and services in large quantities
d)
(d) Buying and selling of goods and services in small lots
73.
Question. Which one is not the tax slab of GST?
a)
(a) 5%
b)
(b) 14%
c)
(c)18%
d)
(d) 28%
74.
Question. Which type of retailers provides door to door services to their customers
a)
(a) Street traders
b)
(b) Peddlers and hawkers
c)
(c) General stores
d)
(d) Street stall holders
75.
Question. GST is a type of tax.
a)
(a) Indirect
b)
(b) Foreign
c)
(c) Direct
d)
(d) Central
76.
Question. How many types of itinerant retailers are there?
a)
(a) One
b)
(b) Four
c)
(c) Three
d)
(d) Two
77.
Question. Which of the following is a service offered by wholesaler to retailer
a)
(a) Facilitate production continuity
b)
(b) Facilitates large scale production
c)
(c) Risk sharing
d)
(d) Storage
78.
Question. Stores which is not coming under the category of fixed shops.
a)
(a) General stores
b)
(b) Street stall holders
c)
(c ) Secondhand goods shops
d)
(d) Mail Order House
79.
Question. Which one of the following is the fixed shop small retailers?
a)
(a) Departmental stores
b)
(b) Speciality shops.
c)
(c) Itinerant retailers
d)
(d) Market traders.
80.
Question. Which type of GST is payable on all interstate supply of goods and services?
a)
(a) CGST
b)
(b) IGST
c)
(c) SGST
d)
(d) FGST
81.
Question. Sale of specific line of products by these vendors.
a)
(a) Speciality shops
b)
(b) Mail Order Houses
c)
(c ) Secondhand goods shops
d)
(d) Departmental stores
82.
Question. Which of the following is not a service offered by wholesaler to manufacturer
a)
(a) Storage
b)
(b) Bearing risk
c)
(c) Grant of credit
d)
(d) Financial assistance
83.
Question. Identify from the below which is not the characteristics of Fixed shop retailers?
a)
(a) Dealing in different products
b)
(b) Have greater resources
c)
(c) Independent shops of Temporary
d)
(d) Mostly provides credit nature facilities
84.
Question. Which one is not the part of GST?
a)
(a) IGST
b)
(b) SGST
c)
(c) CGST
d)
(d) RTGS
85.
Question. Which of the following is not the type of goods sold by speciality shops:
a)
(a) Children’s garment
b)
(b) Ladies shoes
c)
(c) Toys and gifts
d)
(d) Used books
86.
Question. The type of retail business acts as a supplier of a wide variety of products under one roof:
a)
(a) Departmental store
b)
(b) Chain-store
c)
(c) Mail-order house
d)
(d) Multiple-shop
87.
Question. Retailers who have no fixed place of sale are called
a)
(a) Itinerant retailers
b)
(b) Street traders
c)
(c) Market traders
d)
(d) Hawkers
88.
Question. Which type of service is not offered by retailers to manufacturers and wholesalers
a)
(a) New product information
b)
(b) Personal selling
c)
(c) Helps in promotion
d)
(d) Helps in distribution of goods
89.
Question. Which of the following is not a feature of departmental store
a)
(a)24x 7 shopping
b)
(b) Wide range of products
c)
(c) Large in size
d)
(d) Located at a central place
90.
Question. All the branches of chain stores are controlled by
a)
(a) Branches themselves
b)
(b) Head office
c)
(c) Government
d)
(d) General manager of each branch
91.
Question. Small retailers who are commonly found at places with huge population are called
a)
(a) Market traders
b)
(b) Second hand goods shop
c)
(c) Peddlers and hawkers
d)
(d) Street retailers
92.
Question. Chain stores usually sells the products.
a)
(a) Produced by themselves
b)
(b) Produced by producers
c)
(c) Produced by others
d)
(d) Supplied by others
93.
Question. The main disadvantage of departmental store
a)
(a) Centrally located
b)
(b) Operating cost is too high
c)
(c) Attractive services
d)
(d) Promotion of sales
94.
Question. The personnel in chain stores have to obey the instructions received from
a)
(a) Branch supervisor
b)
(b) General Manager
c)
(c) Head office
d)
(d) Board of Directors
95.
Question. Which of the following is not a type of itinerant retailers
a)
(a) Market traders
b)
(b) Street stall holders
c)
(c) Cheap jacks
d)
(d) Peddlers and hawkers
96.
Question. Lack of initiative in the employees while dealing with customers in chain stores results in
a)
(a) Lack of personal touch
b)
(b) Low sales
c)
(c) Conflicts
d)
(d) Loose the customers
97.
Question. Which of the following come under fixed shop retailers?
a)
(a) General stores
b)
(b) Multiple shops
c)
(c) Departmental stores
d)
(d) Chain stores
98.
Question. For day to day supervision of chain stores , the head office normally appoints.
a)
(a) Inspectors
b)
(b) Supervisors
c)
(c) Managers
d)
(d) Branch officer
99.
Question. These vendors are found at street crossing where flow of traffic is heavy?
a)
(a) Market traders
b)
(b) Street stall holders
c)
(c ) General Stores
d)
(d) Speciality shops
100.
Question. The orders are received, goods are mailed directly to the buyers in which form-
a)
(a) Departmental store
b)
(b) Chain store
c)
(c) Shopping mall
d)
(d) Mail order house
101.
It refers to buying and selling of goods and services within the boundaries of a nation.
a)
Trade
b)
Internal Trade
c)
External Trade
d)
None of the above
102.
It comes under Internal Trade.
a)
Wholesale Trade
b)
Retail Trade
c)
Both the above
d)
None of the above
103.
The wholesalers serves as a link between the
a)
Manufacturer and retailers
b)
Retailers and consumers
c)
Manufacturers and consumers
d)
None of the above
104.
Wholesaling is concerned with the activities of those persons or establishments which sell goods to
a)
Retailers
b)
Industrial uses
c)
commercial uses
d)
all of the above
105.
Which of the following activities are undertaken by the wholesalers
a)
Grading of the product
b)
storage
c)
promotion of ggoods
d)
all of the above
106.
The wholesalers advice the manufacturers about the aspects related to
a)
Market conditions
b)
competitive activities
c)
customers' taste and preferences
d)
all of the above
107.
Which of the following risks borne by the retailers?
a)
Storage risk
b)
Pilferage risk
c)
Risk of obsolescence
d)
All of the above
108.
Which of the following function is not performed by the retailers
a)
Risk bearing
b)
Selling goods in large quantities
c)
Grading of products
d)
None of the above
109.
Which of the following is not a type of Large scale Retailers?
a)
Departmental stores
b)
Chain stores
c)
Grocery Stores
d)
Mall
110.
The channel of distribution ends at ....
a)
Manufacturers
b)
wholesalers
c)
Retailers
d)
Consumers
111.
Choose the services which is provided by the wholesaler to retailers.
a)
Bearing risk
b)
Financial assistance
c)
expert advice
d)
all of the above
112.
Choose the service which is not provided by Wholesalers to Manufacturers
a)
Facilitating large
b)
Bearing Risk
c)
After sale service to consumers
d)
Help in continuity
113.
Following services are provided by wholesalers to retailers
a)
Grant of credit
b)
Marketing support
c)
Availability of goods
d)
all of the above
114.
Who is a link between wholesalers and consumers?
a)
Manufacturers
b)
Wholesalers
c)
Retailers
d)
None of the above
115.
Intermediaries that buy goods in large quantities from wholesalers and sells them in small quantities to the ultimate consumers are known as..
a)
Manufacturer
b)
Wholesalers
c)
Retailers
d)
suppliers
116.
Which of the following are the services provided by retailers to wholesalers?
a)
Help in distribution of goods
b)
Personal selling
c)
collecting market information
d)
All of the above
117.
Select the service which is not provided by retailers to consumers.
a)
New product information
b)
wide selection
c)
After-sale services
d)
All of the above
118.
A large establishment offering a wide variety of products under one roof is known as...
a)
Wholesaler
b)
Departmental stores
c)
Multiple stores
d)
General store
119.
Which of the following is not the feature of Departmental stores?
a)
Wide spectrum of facilities under one roof
b)
Located at central place of the city
c)
less operating costs
d)
Eliminate middlemen
120.
Usually high income group of customers who give more weightage to value added services rather than the prices of the product visit these stores
a)
Departmental stores
b)
Multiple Stores
c)
General stores
d)
all of the above
121.
These store are also known as Multiple shops.
a)
Departmental stores
b)
Chain stores
c)
General stores
d)
Hawkers
122.
following is the advantages of chain stores:
a)
No Bad debts
b)
Economies of scale
c)
Diffusion of risk
d)
all the above
123.
which of the following are the limitations of Multiple shops?
a)
Limited selection of goods
b)
Lack of initiative
c)
Lack of personal touch
d)
All of the above
124.
This store offers a specified range of products.
a)
Chain Stores
b)
Departmental Stores
c)
Mall
d)
None of the above
125.
BATA is the example of ....
a)
Departmental stores
b)
chain stores
c)
Mall
d)
General stores
126.
Big Bazar is the example of ..
a)
Departmental stores
b)
chain stores
c)
General stores
d)
Shop
100 %
