MCQs on Internal Trade: Below are the list of Commerce MCQs and Answers as per the new syllabus. Internal Trade and enhance your subject knowledge.
MCQs on Internal Trade :
1. Purchasing goods from foreign country is called
(A) Import
(B) Entrepot
(C) Export
(D) Re-Export
Answer
Answer: (A)
2. Goods imported for the purpose of export is known as
(A) Home trade
(B) Foreign trade
(C) Entrepot
(D) Trade
Answer
Answer: (C)
3. Agents are appointed by?
(A) Manufacturer
(B) Wholesaler
(C) Retailer
(D) Principal
Answer
Answer: (D)
4. Who among these can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices rise
(A) Agent
(B) Mercantile agent
(C) Wholesaler
(D) Retailer
Answer
Answer: (C)
5. These are agents whose function is to bring the buyer and the seller into contact.
(A) Commission agent
(B) Selling agent
(C) Broker
(D) Stockist
Answer
Answer: (C)
6. Who among the following appoints the agent
(A) Principal
(B) Retailer
(C) Manufacturer
(D) Wholesaler
Answer
Answer: (A)
7. Which among the following is not concerned with Chambers of Commerce & Industry
(A) CII
(B) FICCI
(C) ICICI
(D) ASSOCHAM
Answer
Answer: (C)
8. Mobile traders who deal in low priced articles with no fixed place of business are called
(A) Street stalls
(B) Retailers
(C) Agents
(D) Itinerant traders
Answer
Answer: (D)
9. One example of Small scale Fixed retailers among these is
(A) Pedlars
(B) General stores
(C) Hawkers
(D) Cheap Jacks
Answer
Answer: (B)
10. This retail business acts as a universal supplier of a wide variety of products.
(A) Multiple shop
(B) Mail order Business
(C) Tele-shopping
(D) Departmental store
Answer
Answer: (D)