Internal Trade Quiz-2

Internal Trade Quiz-2

Quiz

 

1. Features of Departmental Store does not include
   1.   No credit
   2.   Variety of goods
   3.   Central location
   4.   Organised as joint stock company
2. What are the key features of GST?
   1.   Single tax rate applicable to all goods and services
   2.   Different tax rates based on the nature of goods and services
   3.   Collection of taxes only at the final point of sale
   4.   Exemption of certain goods and services from taxation
3. What does GST stand for?
   1.   Government Sales Tax
   2.   Goods and Services Tax
   3.   General Sales Tax
   4.   Gross Sales Tax
4. Which type of large-scale retailer is characterized by offering a wide range of products across different categories, organized into separate departments within a single store?
   1.   Supermarkets
   2.   Chain stores
   3.   Discount stores
   4.   None of these
5. Large scale retail organization does not includes
   1.   Departmental Store
   2.   Speciality shops
   3.   Multiple shops
   4.   Cooperative stores
6. Which of the following is the main difference between a departmental store and a chain store?
   1.   Departmental stores sell a wider variety of goods than chain stores.
   2.   Chain stores offer a wider range of services to customers than departmental stores.
   3.   Chain stores are typically located in smaller towns and cities, while departmental stores are typically located in larger cities.
   4.   Chain stores are owned and operated by a single company, while departmental stores may be owned by different companies.
7. Which of the following is an advantage of large scale retailers?
   1.   They can offer a wide variety of goods and services to customers.
   2.   They can offer lower prices to customers due to economies of scale.
   3.   They can provide a wider range of services to customers.
   4.   They can reach a wider customer base.
8. find the odd one out
   1.   Street traders ,
   2.   Multiple shops,
   3.   Cheap jacks ,
   4.   Hawkers
9. Which of the following is a disadvantage of large scale retailers?
   1.   They may not be able to offer the same level of personal service as smaller retailers.
   2.   They may be located in areas that are not convenient for all customers.
   3.   They may not be able to offer the same level of flexibility as smaller retailers.
   4.   They may be more vulnerable to economic downturns.
10. Which type of retailer is characterized by constantly moving from one location to another, selling goods or services along the way?
    1.   Supermarket retailer
    2.   Online retailer
    3.   Itinerant retailer
    4.   Department store retailer
11. What is internal trade?
    1.   The buying and selling of goods and services within the boundaries of a nation is referred to as internal trade.
    2.   The buying and selling of goods and services between different nations is referred to as international trade.
    3.   The buying and selling of goods and services through the internet is referred to as e-commerce.
    4.   The buying and selling of goods and services through catalogs is referred to as mail order business.
12. Which of the following services are typically rendered by a wholesaler?
    1.   Offering credit facilities to customers
    2.   Providing after-sales support
    3.   Breaking bulk and packaging goods
    4.   Directly selling to end consumers
13. Which of the following services are typically rendered by a retailer?
    1.   Manufacturing and producing goods
    2.   Buying goods in large quantities from manufacturers
    3.   Selling goods to other retailers
    4.   Selling goods directly to end consumers
14. Which type of retailer operates from a specific, permanent location, serving customers who visit the establishment?
    1.   Itinerant retailer
    2.   Department store retailer
    3.   Online retailer
    4.   Small-scale fixed shops retailer
15. What is the concept behind chain stores?
    1.   Operating multiple stores with different brand names
    2.   Operating stores in a single geographical area
    3.   Operating multiple stores under the same brand name
    4.   Offering specialized products in a single store
16. What are large-scale retailers known as?
    1.   Departmental stores
    2.   Specialty stores
    3.   Convenience stores
    4.   Pop-up stores
17. find the odd one out
    1.   Departmental Store ,
    2.   Market traders ,
    3.   Mail order business ,
    4.   Supermarket
18. What are the two main types of retail trade based on the nature of the retail establishment?
    1.   Chain stores and department stores
    2.   Itinerant and fixed shops
    3.   Online and offline
    4.   Wholesale and retail
19. What is the concept of GST?
    1.   A tax levied only on goods or physical products
    2.   A tax levied only on services provided
    3.   A unified tax system that combines taxes on goods and services
    4.   A tax levied on imports and exports
20. It is a network of number of branches situated at different localities in the city or in the different parts of the country
    1.   Multiple shops
    2.   Consumer cooperative store
    3.   Hire purchase system
    4.   Internet marketing