WORKSHEET 9 BUSINESS STUDIES (CLASS 11)-INTERNAL TRADE

                                                    CHAPTER 10 ( INTERNAL TRADE ) 

1.  Trading is very important because no individual or country can claim to be ----------------------- in producing all goods and services required by them.
a) Satisfied
b) Self-contained
c) Self-sufficient
d )Fulfilling the needs

2.     Buying and selling of goods and services within the boundaries of a nation are referred to as ---------------------------- 

a) Internal trade
b) External trade
c) Whole sale trade
d) Retail trade.

3. No custom duty or import duty is levied on such trade as goods are part of -----------

a) Domestic production and domestic consumption

b) Domestic production and imports

c) Domestic production and exports

d) Domestic production and foreign consumption.

4. Purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use is called ---------------------

a) Whole sale trade
b) Retail Trade
c) Export Trade
d) Import Trade

5. Both retailers and wholesalers are important marketing intermediaries who perform very useful functions in the process of -------------- of goods and services between producers and users or ultimate consumers. 

a) Trading

b) Selling

c) Buying

d) Exchange 

6.     Internal trade aims  at --------------------------- within a nation speedily and at reasonable cost. 

a) Uniform distribution of goods

b) Equitable distribution of goods

c) Timely distribution of goods

d) Economic distribution of goods

7. Wholesaling is concerned with the activities of those persons or establishments which sell to retailers and other merchants, but who do not sell in significant amount to ---------

a) Retail customers
b) Whole sale customers
c) Domestic customers
d) Ultimate customers.

8.     Wholesalers collect small orders from a number of retailers and pass on the pool of such orders to the ----------------- 
a) The manufacturer.
b) The customers
c) The consumers
d) The vendors.

9.     The wholesale merchants deal in goods in their own name, take delivery of the goods and keep the goods purchased in large lots in their warehouses . In  this process they help both retailers and manufacturers in ---------------------.

a) Risk bearing
b) Prevention of theft
c) Prevention of loss.
d) Prevention of pilferage.

10.  The wholesalers serve as an important source of ----------- on  related aspects because they are in constant touch with the retail traders.

a) Trade information
b) Market information
c) Sales data
d) Production data.