Download App

Business Studies M.C.Q (1 Marks)

Internal Trade · CBSE STD 11 Commerce (CBSE - English Medium). 14 questions.

Questions

M.C.Q (1 Marks)

🎯

Test yourself on this topic

14 questions · timed · auto-graded

MCQ 11 Mark
Under which of the following areas, are departmental stores are not at an advantageous position over smaller forms of retail businesses?
  • A
    Number of customers.
  • ✓
    Operating costs.
  • C
    Sales promotion.
  • D
    Scale of operations.
Answer
Correct option: B.
Operating costs.
Operating costs.
View full question & answer→
MCQ 21 Mark
Manufacturers sell goods directly through ______ and thus eliminates unnecessary middlemen in the sale and purchase of goods.
  • A
    Street vendors.
  • B
    Multi brand retail stores.
  • C
    Departmental stores.
  • ✓
    Chain stores.
Answer
Correct option: D.
Chain stores.
Chain stores.
View full question & answer→
MCQ 31 Mark
Retailers provide various services to the ultimate customers. One of such services is after sales service. Retailers provide after sale services to consumers in form of:
  • A
    Regular availability of goods.
  • B
    Credit facility.
  • C
    Wide selection.
  • ✓
    Rendering electronic parts services like AC service.
Answer
Correct option: D.
Rendering electronic parts services like AC service.
Rendering electronic parts services like AC service.
View full question & answer→
MCQ 41 Mark
Retail outlets that sell their merchandise through postal services are known as:
  • A
    Chain stores.
  • B
    Departmental stores.
  • ✓
    Mail order houses.
  • D
    General stores.
Answer
Correct option: C.
Mail order houses.
Mail order houses.
View full question & answer→
MCQ 51 Mark
Government levies taxes in order to generate funds to perform its various functions. In the light of this statement, internal trade is liable to:
  • A
    Customs duty.
  • B
    Import duty.
  • ✓
    GST.
  • D
    Export duty.
Answer
Correct option: C.
GST.
Explanation:
In internal trade, movement of goods and services is confined to the domestic territory of the nation. Therefore, customs duty, import duty and export duty is not leviable on them. GST (Goods and Service Tax) is an indirect tax levied in India on sale of goods and siste services within the domestic territory.
View full question & answer→
MCQ 61 Mark
Wholesalers perform various _______ functions which increases the demand of goods and ultimately increases the profits for retailers and manufacturers.
  • A
    Financing.
  • ✓
    Marketing.
  • C
    Distribution.
  • D
    Tax planning.
Answer
Correct option: B.
Marketing.
Marketing.
View full question & answer→
MCQ 71 Mark
Wholesaler not just buys goods from manufacturers but they also help manufacturer in marketing of the product by:
  • A
    Storing goods in bulk quantities.
  • B
    Making cash payment.
  • C
    Transportation facilities.
  • ✓
    'Conveying retailers' feedback to manufacturer.
Answer
Correct option: D.
'Conveying retailers' feedback to manufacturer.
Explanation:
The wholesalers are in direct contact with retailers, therefore they advice manufacturers about various aspects related to customers taste and preferences, market conditions, etc.
View full question & answer→
MCQ 81 Mark
In order to eliminate bad debts in full, under which arrangement, goods may be sent to customers through bank and are delivered only on making full payment?
  • A
    Departmental stores.
  • B
    Peddlers.
  • ✓
    Mail order houses.
  • D
    Chain stores.
Answer
Correct option: C.
Mail order houses.
Mail order houses.
View full question & answer→
MCQ 91 Mark
Who among the following can afford to spend considerable amount on promotional activities to boost sales?
  • A
    Hawkers.
  • ✓
    Departmental stores.
  • C
    Periodic market traders.
  • D
    Street traders.
Answer
Correct option: B.
Departmental stores.
Departmental stores.
View full question & answer→
MCQ 101 Mark
There are some retailers who based on the potential of an area keeps changing their business from one place to another, such retailers are known as:
  • A
    Hawkers.
  • B
    Peddlers.
  • ✓
    Cheap jacks.
  • D
    None of these.
Answer
Correct option: C.
Cheap jacks.
Cheap jacks.
View full question & answer→
MCQ 111 Mark
By purchasing in bulk from manufacturer and selling in smaller quantities to retailers, wholesaler reduces _______ risks of retailers.
  • A
    Financial.
  • B
    Marketing.
  • ✓
    Storage and theft.
  • D
    Production.
Answer
Correct option: C.
Storage and theft.
Storage and theft.
View full question & answer→
MCQ 121 Mark
Wholesalers offer various services to manufacturers. One of them is reduction of costs. Wholesalers help manufacturer to reduce:
  • A
    Material costs.
  • B
    Labour costs.
  • C
    Manufacturing overheads.
  • ✓
    Storage costs.
Answer
Correct option: D.
Storage costs.
Explanation:
Wholesaler buys goods from manufacturers in bulk and stores them in their own warehouses.
View full question & answer→
MCQ 131 Mark
Chain stores are a network of retail stores located across the country, these stores are operated by manufacturers. Such stores deal in:
  • A
    Loose groceries.
  • B
    Second hand goods.
  • C
    Factory seconds.
  • ✓
    Standardised and branded goods.
Answer
Correct option: D.
Standardised and branded goods.
Standardised and branded goods.
View full question & answer→
MCQ 141 Mark
_______ is a type of retail trading where business is carried on through post.
  • A
    Departmental store.
  • B
    Chain store.
  • ✓
    Mail order house.
  • D
    Automatic vending machine.
Answer
Correct option: C.
Mail order house.
Mail order house.
View full question & answer→
Generate Paper FreeAll Internal Trade topics
M.C.Q (1 Marks) - Business Studies STD 11 Commerce Questions - Vidyadip