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Internal Trade Test - 2

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Internal Trade Test - 2
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Weekly Quiz Competition
  • Question 1
    1 / -0

    ____________ sell their goods in periodical markets such as weekly or monthly

    Solution

    Market Trader refers to the person who sell their goods in periodical markets such as weekly or monthly. They sell their goods through stalls in such markets.

  • Question 2
    1 / -0

    ______________ is an advantage of Mall

    Solution

    With the coming of Malls, the consumers get a wide variety to chose from. The customers get variety of brands under one roof which makes it convenient for them to shop. Moreover due to its various advantages, it attracts a large section of society. 

  • Question 3
    1 / -0

    Which of the following is a limitation of Vending Machine

    Solution

    Vending machines are costly to establish which is one of its limitations. One of the shortfalls is that this technology gives no provision for bargaining and therefore fixed prices apply.

  • Question 4
    1 / -0

    Which of the following is an advantage of super markets?

    Solution

    Super market allows the customers to check variety of products under one roof at a low cost. Customers can buy anyhing from groceries to books,etc at reasonable prices.

  • Question 5
    1 / -0

    ___________ is a large retailing business unit, which sell a wide variety of consumer goods under one roof.

    Solution

    Super market is a large retailing business unit, which sell a wide variety of consumer goods under one roof. It has separate departments for each item like food, household, stationery, etc. under one roof. 

  • Question 6
    1 / -0

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

    Solution

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

  • Question 7
    1 / -0

    The main disadvantage of chain stores is ____________

    Solution

    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 8
    1 / -0

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

    Solution

    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

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

    Solution

    NDTV News Channel is a media company.

  • Question 10
    1 / -0

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

    Solution

    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.

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