MCQ Questions For Class 11 Business Studies Chapter 10 Internal Trade

Check the below NCERT MCQ Class 11 Business Studies Chapter 10 Internal Trade with Answers available with PDF free download. MCQ Questions for Class 11 Business Studies  with Answers were prepared based on the latest syllabus and examination pattern issued by CBSE, NCERT and KVS. Our teachers have provided below Internal Trade Class 11 Business Studies  MCQs Questions with answers which will help students to revise and get more marks in exams

Internal Trade Class 11 Business Studies MCQs Questions with Answers

Refer below for MCQ Class 11 Business Studies Chapter 10 Internal Trade with solutions. Solve questions and compare with the answers provided below.

Question. One among the following is not large scale fixed retail shop
(a) Supermarket
(b) General shop
(c) Departmental Store
(d) Multiple shop

Question. Aim is to economics by buying in common and to retain their profit by selling in common
(a) Teleshopping
(b) Web marketing
(c) Multiple shop
(d) Consumer cooperative store.

Question. Identify the type of middlemen who serve as a link between manufacturer and retailer
(a) Fixed shop retailer
(b) Wholesaler
(c) Consumer
(d) Itinerant retailers

Question. Wholesaler advisor manufacturer about the aspect related to
(a) Customers taste and preferences
(b) Competitive activities
(c) Market conditions
(d) All of the above

Question. Number of shops with similar appearance are established in localities spread in different parts of the country are
(a) Departmental Store
(b) Second hand shops
(c) Multiple shops

Question. Different services provided to manufacturer by retailer
(a) Convenience in buying
(b) New product information
(c) Help in promotion

Question. Large scale retail organisation does not include
(a) Departmental stores
(b) Speciality shops
(c) Multiple shops
(d) Cooperative stores

Question. Service provided by retailer to consumer are
(a) After sale service
(b) Help in promotion
(c) Enabling large scale operation

Question. It helps disabled and elderly people
(a) Teleshopping
(b) E-commerce
(c) Multiple shop
(d) Installment system.

Question. Goods that are perishable in nature or bulky cannot be easily handle not recommended for
(a) Multiple shops
(b) Mail order houses
(c) Departmental Store
(d) Second hand shop

Question. They do business in rental shops or sheds shifting from one locality to another are
(a) Cheap jacks
(b) Hawkers peddlers
(c) Street vendors

Question. COD refer to type of transaction in which payment is made of goods
(a) On delivery
(b) After delivery
(c) Before delivery

Question. Small scale fixed shop traders are
(a) Mail order houses
(b) Departmental stores
(c) Street stall holders

Question. A warehouse keeper accept good for the purpose of
(a) Storage
(b) Export
(c) Packaging
(d) Selling

Question. The risk of bad debts in their business is eliminated particularly when payment is received through vpp
(a) Teleshopping
(b) Mail order trade house
(c) Departmental Store
(d) Cooperative store

Question. Shops selling children garments, men’s wears, ladies shoes and school uniform are known as
(a) Second hand shops
(b) Street stall holders
(c) Speciality shops

Question. The orders are received, goods are mailed directly to the buyers in which form
(a) Departmental store
(b) Chain store
(c) Shopping mall
(d) Mail order house

Question. Stores which is not coming under the category of fixed shops.
(a) General stores
(b) Street stall holders
(c) Secondhand goods shops
(d) Mail Order House

Question. Which of the following is not a type of itinerant retailers
(a) Market traders
(b) Street stall holders
(c) Cheap jacks
(d) Peddlers and hawkers

Question. Which one is not the part of GST?
(a) IGST
(b) SGST
(c) CGST
(d) RTGS

Question. Which of the following is not a service offered by wholesaler to manufacturer
(a) Storage
(b) Bearing risk
(c) Grant of credit
(d) Financial assistance

Fill in the blanks:

Question. The stores which offers a wide variety under one roof are known as _________ .

Question. GST has replaced _________ number of indirect taxes.

Question. Small retailers who are commonly found at places where huge floating population gathers like bus stand etc. are called ________ traders. 

Question. A departmental store is a combination of both types of _________ as well as Warehousing. 

Question. Street stall holders get their suppliers from local suppliers as well as _________ .

Question. Term which is used in trade document to say that mistakes and things that have been forgotten should be taken into account are _________

Question. In departmental stores Sale are _________ according to different departments. 

Question. They display their goods in busy Street corners _________

Question. Write the full form of FICCl _________

True / False:

Question. Speciality shops is type of retail store which is becoming very popular, particularly in rural areas.

Question. Shopping through mail order house is suitable for all types of customers. 

Question. The CGST/SGST is payable on all intra- state supply of goods and services.

Question. The Inspector supervise the products of chain stores.

Question. The losses incurred by one shop in chain stores may not be covered by profits in other shops.

Question. The multiple shops organisation is able to eliminate unnecessary middlemen.

Match the following: 

Question. On the basis of credo with on which they apply:

1. Everything from a pin to elephant	(a) GST
2. One Nation one Tax	(b) Chain stores
	(c) Departmental stores
	(d) VAT

Question. Match from the following options only, the supply of goods to their GST applicability:

Supply of goods	GST applicability
1. From Delhi to Delhi	(a) CGST/SGST
2. From Delhi to Kolkata	(b) IGST
3. From Delhi to Dubai
4. From wholesaler of Delhi to Retailer of Delhi

Question. On the basis of features with their large scale retailers:

1. Size of stores is large	(a) Mail order houses
2. work under supervision of Branch Manger	(b) departmental stores
	(c) chain stores
	(d) speciality shops

Question. Match from the following options only taxes which are levied on the following:

1. Destination based tax	(a) IGST
2. Tax applicable on Interstate supply of goods and services	(b) CGST/SGST
3. Tax applicable on intrastate supply of goods and services	(c) GST
4. Indirect tax

Question. On the basis of nature of types of itinerant retailers :

1. Selling the goods on fixed days	(a) Peddlers and hawkers
2. Selling their goods where huge floating population gathers like railway station, bus stand etc.	(b) Cheap jacks
3. Independent shops of temporary nature in a business locality	(c) Market traders
4. Carry the products on bicycle or handcart for sale	(d) Street vendors

Question. On the basis of features of GST with their specification:

1. No. of tax slabs under GST	(a) 17
2. No. of indirect tax replaced by GST	(b) 4
3. No. of cesses eliminated by GST	(c) 3
4. No. of types of GST	(d) 23