Internal Trade Test

Result

Internal Trade Test - 12

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Weekly Quiz Competition

Question 1
1 / -0

What are the basis on which retailers have been classified?

A
On the basis of size of business

B
On the basis of ownership

C
On the basis of merchandise

D
All of the above
Question 2
1 / -0

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

A
No custom duty or import duty is levied on such trade as goods are part of domestic production and are meant for domestic consumption

B
Generally, payment has to be made in the legal tender of the country or any other acceptable currency

C
Internal trade can be classified into two broad categories

D
All of the above
Solution
- Buying and selling of goods and services within the boundaries of a nation are referred to as internal trade.
- No custom duty or import duty is levied on such trade as goods are part of domestic production and are meant for domestic consumption.
- Generally, payment has to be made in the legal tender of the country or any other acceptable currency.
- Internal trade can be classified into two broad categories viz., (i) wholesale trade and (ii) retail trade.
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Question 3
1 / -0

The chances of incurring loses in departmental stores are high as a result of _________________.

A
high operating costs

B
large scale operations

C
small scale operations

D
both A and B
Question 4
1 / -0

What are the characteristics of fixed shop retailers?

A
They operate at large scale.

B
They have greater credibility in the minds of consumers.

C
They deal in both durable and non-durable products.

D
All of the above
Question 5
1 / -0

Name the traders who do not change their place of business very frequently?

A
Pavement vendors

B
Cheap jacks

C
Market traders

D
Peddlers and Hawkers
Question 6
1 / -0

Name the stores which comes under the category of fixed shop small retailers.

A
General stores

B
Speciality stores

C
Single line stores

D
All of the above
Question 7
1 / -0

Name a large shop retailer that is generally formed as a Joint stock company managed by a board of directors.

A
Chain stores

B
Departmental Stores

C
Mail order houses

D
None of the above
Question 8
1 / -0

Name the most common type of itinerant retailers operating in India?

A
Peddlers and Hawkers

B
Market traders

C
Street traders

D
All of the above
Question 9
1 / -0

Itinerant retailers are traders who do not have a fixed________ of business to operate from.

A
scale

B
place

C
capital

D
labour
Question 10
1 / -0

What are the types of the fixed shop retailers on the basis of the size of their operations?

A
Small shopkeepers

B
Large retailers

C
Both (A) and (B)

D
None of the above

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Re-Attempt Weekly Quiz Competition

Internal Trade Test - 12

Result

Internal Trade Test - 12

Score

-

Rank

-

SHARING IS CARING

Question 1

On the basis of size of business

On the basis of ownership

On the basis of merchandise

All of the above

Question 2

No custom duty or import duty is levied on such trade as goods are part of domestic production and are meant for domestic consumption

Generally, payment has to be made in the legal tender of the country or any other acceptable currency

Internal trade can be classified into two broad categories

All of the above

Solution

Question 3

high operating costs

large scale operations

small scale operations

both A and B

Question 4

They operate at large scale.

They have greater credibility in the minds of consumers.

They deal in both durable and non-durable products.

All of the above

Question 5

Pavement vendors

Cheap jacks

Market traders

Peddlers and Hawkers

Question 6

General stores

Speciality stores

Single line stores

All of the above

Question 7

Chain stores

Departmental Stores

Mail order houses

None of the above

Question 8

Peddlers and Hawkers

Market traders

Street traders

All of the above

Question 9

scale

place

capital

labour

Question 10

Small shopkeepers

Large retailers

Both (A) and (B)

None of the above

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Question Analysis

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