Exam Question for Class 11 Business Studies Chapter 10 Internal Trade
Please refer to below Exam Question for Class 11 Business Studies Chapter 10 Internal Trade. These questions and answers have been prepared by expert Class 11 Business Studies teachers based on the latest NCERT Book for Class 11 Science and examination guidelines issued by CBSE, NCERT, and KVS. We have provided Class 11 Business Studies exam questions for all chapters in your textbooks. You will be able to easily learn problems and solutions which are expected to come in the upcoming class tests and exams for standard 10th.
Chapter 10 Internal Trade Class 11 Business Studies Exam Question
All questions and answers provided below for Exam Question Class 11 Business Studies Chapter 10 Internal Trade are very important and should be revised daily.
Exam Question Class 11 Business Studies Chapter 10 Internal Trade
Very Short Answer Type Questions
Question. Differentiate between street trader and street shops
Answer : Street traders: Retailers who are commonly found at places where huge floating population gathers, for example, near railway stations and bus stands, and sell consumer items of common use, such as stationery items, eatables, readymade garments, newspapers and magazines
Street stall holders: They attract floating customers and deal mainly in goods of cheap variety like hosiery products, toys, cigarettes, soft drinks, etc. They get their supplies from local suppliers as well as wholesalers. The total area covered by a stall is very limited and, therefore, they handle goods on a very small scale.
Question. State any two advantages of supermarkets
• Keep a wide variety of goods of different designs, colour, etc., which enables the buyers to make better selection
• Sales are made on cash basis, there are no bad debts
Question. List the two broad categories of trade.
Answer : Internal trade can be classified into two broad categories :
(i) wholesale trade
(ii) retail trade
Question. Give two examples of chain stores
Answer : Walmart and Body shop are two examples of chain stores
Question. What are Vending Machines? Which type of goods are suitable for vending machines?
Answer : Coin operated vending machines are proving useful in selling several products such as hot beverages platform tickets, milk, soft drinks, chocolates, newspaper, etc., in many countries. Vending machines can be useful for selling pre-packed brands of low priced products which have high turnover and which are uniform in size and weight. However, the initial cost of installing a vending machine and the expenditure on regular maintenance and repair are quite high.