Internal Trade Quiz-1

Internal Trade Quiz-1

Quiz

 

1. Trade that takes place within the country is called:
   1.   External trade
   2.   Internal trade
   3.   Commerce
   4.   None of the above
2. The phrase ‘all shopping under one roof’ defines:
   1.   Chain stores
   2.   Departmental stores
   3.   Second hand shops
   4.   Multiple stores
3. Speciality shops are_______types of retailers that deals in__________:
   1.   Itinerant traders; different types of product
   2.   Fixed shop retailers; specific type of products
   3.   Fixed shop retailers; different type of product
   4.   Chain stores; all types of products
4. Retailers who deal in goods on a hand cart near bus stops and railway stations are called as:
   1.   Street traders
   2.   Market traders
   3.   Hawkers
   4.   Peddlers
5. What do you mean by trade:
   1.   Buying goods and services with the objective of earning profit.
   2.   Selling of goods and services with the objective of earning profit.
   3.   Buying and selling goods and services with the objective of earning profit.
   4.   Buying and selling of goods and services with the objective of social work.
6. Which of the following is an example of Departmental store in India:
   1.   Mc Donald’s
   2.   Pizza Hut
   3.   Spencer’s in Chennai
   4.   All of the above
7. Chain stores can be defined as:
   1.   Network of retail shops
   2.   Sub branch of departmental stores
   3.   Wholesale shops
   4.   None of the above
8. Mr A runs a shop in the Nehru market, he sells large quantities of goods to various shopkeepers. Mr. A is a:
   1.   Retailer
   2.   Trader
   3.   Wholesaler
   4.   All of the above
9. Which of the following can be treated as a difference between Departmental store and a food chain:
   1.   Departmental stores provide different kind of products whereas chain stores provides pecific type of products
   2.   Departmental stores provide maximum service to their customers whereas chain stores provide very limited service
   3.   Departmental stores have certain flexibility in respect of the line of goods marketed whereas chain stores do not have such flexibility
   4.   All of the above
10. ______are considered as the oldest form of itinerant retailers:
    1.   Peddlers
    2.   Market trader
    3.   Street trader
    4.   Cheap jacks
11. What do you mean by Itinerant retailers:
    1.   They are traders who do not have a fixed place of business to operate from.
    2.   They are traders who have a fixed place of business to operate from.
    3.   They are traders who do not have a fixed type of business to operate.
    4.   They are traders who do not have a fixed form of business to operate.
12. Which of the following are types of itinerant retailers:
    1.   Cheap jacks
    2.   Peddlers
    3.   Hawkers
    4.   All of the above
13. Jatin sells ice cream on his bicycle moving from one place to another, he is a:
    
    1.   Cheap jack
    2.   Hawker
    3.   Market trader
    4.   Street trader
14. The main advantage of peddlers and hawkers are:
    1.   It provides convenient service to the consumers
    2.   Provides good quality products
    3.   Provides after-sales services
    4.   All of the above
15. General stores comes under the category of:
    1.   Large stores
    2.   Chain stores
    3.   Departmental stores
    4.   Fixed shop small retailers
16. Street traders are also called as:
    1.   Hawkers
    2.   Market traders
    3.   Pavement traders
    4.   None of the above
17. Wholesalers act as a link between_______and_______:
    1.   Manufacturer and customer
    2.   Retailer and customer
    3.   User and manufacturer
    4.   Manufacturer and retailer
18. Aryan has a retail shop which he opens only on Sunday. According to you under which category does Aryan come:
    1.   Hawker
    2.   Peddler
    3.   Street trader
    4.   Market trader
19. Generally, the________may deal in rare objects of historical value and antique items.
    1.   Chain stores
    2.   Departments
    3.   Second-hand shops
    4.   Peddlers
20. Internal trade is further classified into:
    1.   State trade and city trade
    2.   Domestic trade and foreign trade
    3.   Wholesale trade and retail trade
    4.   All of these