Business Studies MCQs for Class 11 with Answers Chapter 10 Internal Trade

Here you will find NCERT MCQ Questions for Class 11 Business Studies with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 11 Business Studies. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.

Q.1 Small scale Fixed retailers includes __________

(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores

(d) General stores

Q.2 __________ are agents who merely bring the buyer and the seller into contact.

(a) Selling agent
(b) Commission agent
(c) Stockist
(d) Broker

(d) Broker

Q.3 Wholesalers deals in ___________quantity of goods

(a) Small
(b) Limited
(c) Large
(d) Medium

Q.4 The purchase of goods from a foreign country is called ____________

(a) Entreport
(b) Import
(c) Re-Export
(d) Export

(b) Import

Q.5 The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.

(a) Tele-shopping
(b) mail order trading house
(c) Departmental store
(d) co-operative store

(b) mail order trading house

Q.6 It is a network of a number of branches situated at different localities in the city or in the different parts of the country.

(a) Multiple shop
(b) Consumers? co-operative store
(c) Hire purchase system
(d) Internet marketing

(a) Multiple shop

Q.7 An agent is appointed by the _________

(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer

(a) Principal

Q.8 The persons who come in between the primary producer and the final consumer to promote trade is called as ________

(a) Trader
(b) Middleman
(c) Auctioneer
(d) Agent

(b) Middleman

Q.9 A warehouse keeper accepts goods for the purpose of _________

(a) Selling
(b) Packaging
(c) Export
(d) Storage

(d) Storage

Q.10 When goods are imported for the purpose of export is called as ________

(a) Foreign trade
(b) Entrepot
(c) Home trade
(d) Trade

(b) Entrepot

Q.11 It helps disabled and elderly people.

(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system

(a) Tele-shopping

Q.12 ___________ are mobile traders who deal in low priced articles with no fixed place of business.

(a) Street stalls
(b) Retailers
(c) Itinerant traders
(d) Agents

Q.13 __________can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.

(a) Wholesaler
(b) Agent
(c) Retailer
(d) Mercantile agent

(a) Wholesaler

Q.14 This retail business acts as a universal supplier of a wide variety of products.

(a) Departmental store
(b) Multiple shop
(c) Mail order Business
(d) Tele-shopping

(a) Departmental store

Q.15 The aim is to economies by buying in common and to retain their profits by selling in common.

(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumers co-operative store

(d) consumers co-operative store

Q.16 Expand COD

Cash on Delivery

Q.17 Name any one type of internal trade.

Wholesale Trade

Q.18 State one type of Itinerant retailers.

Street Traders

Q.19 Expand FOB

Free on Board

Q.20 Expand CIF

Cost, Insurance and Freight Price

Q.21 Who is a wholesaler?

Wholesaler is a person who buys goods from the producers in bulk quantities and sells them in small quantities to a retailer.

Class 11 Business Studies MCQs Multiple Choice Questions with Answers

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