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Internal Trade Test - 1

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Internal Trade Test - 1
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Weekly Quiz Competition
  • Question 1
    1 / -0

    Buying and selling of goods and services in large quantities for the purpose of resale or intermediate use by _________

    Solution

    Explanation:

    Wholesale Trader is the person who buys and sells goods and services in large quantities for the purpose of resale or intermediate use. They buy in bulk quantities unlike retail traders and sell them to retailers who ultimately sell the goods to end consumers.

     

  • Question 2
    1 / -0

    Who offers facilities of after sales services?

    Solution

    Explanation:

    Retailer offers facilities of after sales services to its customers. Aftersale service is all the help and information that it provides to customers after they have bought a particular product. They address the services from the company to the customers.

     

  • Question 3
    1 / -0

    Which of the following is come under Fixed Shop Small Retailers?

    Solution

    Explanation:

    General Stores come under Fixed Shop Small Retailers. These shops provide products which are required to satisfy the day to day requirements of the customers like stationery, household items. They maintain permanent establishment in a locality.

     

  • Question 4
    1 / -0

    In new policy of government ________ Tax is being imposed instead of sales tax

    Solution

    Explanation:

    Value Added Tax is the new tax imposed instead of sales tax in different states. It is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. The rates of Vat are different for different states.

     

  • Question 5
    1 / -0

    Which of the following is not concerned with Chambers of Commerce & Industry

    Solution

    Explanation:

    ICICI is a banking company and not concerned with Chambers of Commerce & Industry

     

  • Question 6
    1 / -0

    ____________ Provides the facility of 24x7 shopping at all major locations

    Solution

    Explanation:

    Vending Machines provides the facility of 24x7 shopping at all major locations.They are coin operated machines which are used in selling products such as milk, soft drinks, snacks, etc. They can easily be self operated by customer any time.

     

  • Question 7
    1 / -0

    Which of the following is not an example of chain stores?

    Solution

    Explanation:

    NDTV News Channel is a media company.

     

  • Question 8
    1 / -0

    __________ deal in different types of goods which are needed by local residents in their day-to-day life.

    Solution

    Explanation:

    General Stores deal in different types of goods which are needed by local residents in their day-to-day life such as stationery items, household items, etc. They come under the category of "Fixed shop small retailers".

     

  • Question 9
    1 / -0

    The main disadvantage of chain stores is ____________

    Solution

    Explanation:

    Chain Stores refer to a chain of retail stores at different locations in a country that are run and managed by the same oraganisation. They provide a limited selection of goods because they sell goods that are produced by their oraganisation itself.

     

  • Question 10
    1 / -0

    Which of the following is not a feature of Indian Malls?

    Solution

    Explanation:

    Indian Malls does not provide 24x7 Shopping. They are open for the customers for reasonable hours during the day. 

     

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