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internal trade test

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Which one of the following is not called as internal trade?

a)

Inland trade

b)

Domestic trade

c)

Overseas trade

d)

Home trade

2.

Internal trade classified into.............. parts, which are...............................

a)

3,

domestic trade, inland trade, home trade

b)

2,

wholesale trade,

retail trade

c)

2,

itinerant trade,

fixed shop trade

d)

none of these

3.

Shops in which producer sold its own product is called...............?

a)

Departmental store

b)

itinerants

c)

multiple chain shop

d)

stall shop

4.

The risk of bad dept is eliminated in this business, especially when the payment is through V.P.P.

a)

departmental store

b)

mail-order business

c)

cooperative store

d)

none of these

5.

What is meant by wholesale trade?

a)

import of goods and services

b)

export of goods and services

c)

buying and selling of goods and services in bulk

d)

buying and selling of goods and services in small quantities

6.

this retail business acts as a universal supplier of a wide variety of products.

a)

departmental store

b)

Multiple shops

c)

mail order business

d)

tele shoping

7.

Traders who keep on moving from place to place to sell their goods is known as

a)

retail traders

b)

Whole-sale trader

c)

manufacturer

d)

Itinerant retailers

8.

A .........................is a continuing relationship in which franchisor provides licensed privilege to do business by another person.

a)

chain shop

b)

partnership

c)

franchise

d)

trade

9.

GST is an................ tax.

a)

direct

b)

old

c)

affordable

d)

indirect

10.

wholesaler is a chain between ................ and ....................

a)

consumer and retailer

b)

manufacturer and retailer

c)

consumer and manufacturer

d)

wholesaler and another wholesaler