Internal Trade Test

Result

Internal Trade Test - 11

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Weekly Quiz Competition

Question 1
1 / -0

When the data is shared with the companies suppliers in SCM than it is called _______.

A
upstream

B
downstream

C
both a and b

D
none of the above
Question 2
1 / -0

"A trader is not a middleman bringing the buyer and seller together and receiving the commission for the services provided by him." Is the statement true or false?

A
True

B
False

C
Depends on the condition

D
There is nothing specified about it

Solution

Section 2(1) defines trader as ”trader, in relation to any goods means a person who sells or distributes any goods for sale and includes the manufacturer thereof, and where such goods are sold or distributed in package form, includes the packer thereof. However, middleman bringing the buyer and seller together and receiving the commission for the services provided by him is not considered as a trader.
Question 3
1 / -0

What service of wholesalers helps the retailers in managing their business with relatively small amount of working capital?

A
Marketing support

B
Grant of Credit

C
Availability of goods

D
Specialised knowledge
Question 4
1 / -0

Buying and selling of goods and services within the boundaries of a nation are referred to as __________.

A
external trade

B
internal trade

C
sale transaction

D
none of the above
Question 5
1 / -0

Which of the following is true in relation to wholesale trade?

A
Wholesalers generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name

B
Wholesalers purchase in bulk and sell in small lots to retailers or industrial users

C
Wholesalers undertake various activities such as grading of products, packing into smaller lots, storage, transportation, promotion of goods, collection of market information etc

D
All of the above
Question 6
1 / -0

Services which retailer provide to customers are _______________.

A
wide selection of goods

B
after sale services

C
credit facilities

D
all of the above
Question 7
1 / -0

Internal trade can be classified into two broad categories. The two categories of internal trade are _________ and _________.

A
wholesale, retail trade

B
inward , outward trade

C
intra state, inter state trade

D
none of the above
Question 8
1 / -0

Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as _______________.

A
internal trade

B
wholesale trade

C
retail trade

D
inter state sale
Question 9
1 / -0

Which of the following is an example of internal trade?

A
Products purchased from a neighborhood shop in a locality

B
Products purchased from door-to- door salesperson

C
Products purchased from an exhibition

D
all of the above
Question 10
1 / -0

Name the business enterprise that is engaged in the sale of goods and services directly to the ultimate customers?

A
Retailer

B
Wholesaler

C
Manufacturer

D
Brokers
Solution
- A retailer is a business enterprise that is engaged in the sale of goods and services directly to the ultimate consumers.
- He/she normally buys goods in large quantities from wholesalers and sells them in small quantities to the ultimate consumers.
- He/she represents the final stage in the distribution where goods are transferred from the hands of traders to final consumers or users.

User

Question Analysis

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Re-Attempt Weekly Quiz Competition

Internal Trade Test - 11

Result

Internal Trade Test - 11

Score

-

Rank

-

SHARING IS CARING

Question 1

upstream

downstream

both a and b

none of the above

Question 2

True

False

Depends on the condition

There is nothing specified about it

Solution

Question 3

Marketing support

Grant of Credit

Availability of goods

Specialised knowledge

Question 4

external trade

internal trade

sale transaction

none of the above

Question 5

Wholesalers generally take title of the goods and bear the business risks by purchasing and selling the goods in their own name

Wholesalers purchase in bulk and sell in small lots to retailers or industrial users

Wholesalers undertake various activities such as grading of products, packing into smaller lots, storage, transportation, promotion of goods, collection of market information etc

All of the above

Question 6

wide selection of goods

after sale services

credit facilities

all of the above

Question 7

wholesale, retail trade

inward , outward trade

intra state, inter state trade

none of the above

Question 8

internal trade

wholesale trade

retail trade

inter state sale

Question 9

Products purchased from a neighborhood shop in a locality

Products purchased from door-to- door salesperson

Products purchased from an exhibition

all of the above

Question 10

Retailer

Wholesaler

Manufacturer

Brokers

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

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