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WorksheetsInternal Trade Quiz
Total questions: 20
Worksheet time: 35mins
(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
Name the organization type that is owned and managed by its consumers.
What type of trade targets the ultimate consumer directly?
Goods sold at a central location with a variety of products available in different sections are typical of a __________ store.
The tax that operates on a destination basis and aims for 'One Nation, One Tax' is __________.
A __________ store sells standardized products across multiple identical locations, usually managed by a single organization.
Explain the difference between wholesale trade and retail trade.
List two services wholesalers provide to manufacturers.
Name two benefits of the Goods and Services Tax (GST) for businesses in India.
Describe the main role of the Chamber of Commerce.
What purpose does a consumer cooperative store serve in internal trade?
