Students of class 11 Business Studies should refer to MCQ Questions Class 11 Business Studies Internal Trade with answers provided here which is an important chapter in Class 11 Business Studies NCERT textbook. These MCQ for Class 11 Business Studies with Answers have been prepared based on the latest CBSE and NCERT syllabus and examination guidelines for Class 11 Business Studies. The following MCQs can help you to practice and get better marks in the upcoming class 11 Business Studies examination

Chapter 10 Internal Trade MCQ with Answers Class 11 Business Studies

MCQ Questions Class 11 Business Studies Internal Trade provided below have been prepared by expert teachers of grade 11. These objective questions with solutions are expected to come in the upcoming Standard 11 examinations. Learn the below provided MCQ questions to get better marks in examinations.

Question. Wholesale trade refers to     
(a) Exporting goods and services
(b) Importing goods and services
(c) Buying and selling of goods and services in large quantities
(d) Buying and selling of goods and services in small lots 

Question. Which one is not the tax slab of GST?   
(a) 5%
(b) 14%
(c)18%
(d) 28%

Question. Which type of retailers provides door to door services to their customers     
(a) Street traders
(b) Peddlers and hawkers
(c) General stores
(d) Street stall holders

Question. GST is a type of tax.   
(a) Indirect
(b) Foreign
(c) Direct
(d) Central 

Question. How many types of itinerant retailers are there?   
(a) One
(b) Four
(c) Three
(d) Two

Question. Which of the following is a service offered by wholesaler to retailer   
(a) Facilitate production continuity
(b) Facilitates large scale production
(c) Risk sharing
(d) Storage

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 one of the following is the fixed shop small retailers?   
(a) Departmental stores
(b) Speciality shops.
(c) Itinerant retailers
(d) Market traders.

Question. Which type of GST is payable on all interstate supply of goods and services?   
(a) CGST
(b) IGST
(c) SGST
(d) FGST

Question. Sale of specific line of products by these vendors.   
(a) Speciality shops
(b) Mail Order Houses
(c ) Secondhand goods shops
(d) Departmental stores

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 

Question. Identify from the below which is not the characteristics of Fixed shop retailers?   
(a) Dealing in different products
(b) Have greater resources
(c) Independent shops of Temporary
(d) Mostly provides credit nature facilities

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

Question. Which of the following is not the type of goods sold by speciality shops:   
(a) Children’s garment
(b) Ladies shoes
(c) Toys and gifts
(d) Used books

Question. The type of retail business acts as a supplier of a wide variety of products under one roof:   
(a) Departmental store
(b) Chain-store
(c) Mail-order house
(d) Multiple-shop 

Question. Retailers who have no fixed place of sale are called   
(a) Itinerant retailers
(b) Street traders
(c) Market traders
(d) Hawkers 

Question. Which type of service is not offered by retailers to manufacturers and wholesalers     
(a) New product information
(b) Personal selling
(c) Helps in promotion
(d) Helps in distribution of goods

Question. Which of the following is not a feature of departmental store   
(a)24x 7 shopping    
(b) Wide range of products
(c) Large in size
(d) Located at a central place 

Question. All the branches of chain stores are controlled by   
(a) Branches themselves
(b) Head office
(c) Government
(d) General manager of each branch 

Question. Small retailers who are commonly found at places with huge population are called     
(a) Market traders
(b) Second hand goods shop
(c) Peddlers and hawkers
(d) Street retailers 

Question. Chain stores usually sells the products.   
(a) Produced by themselves
(b) Produced by producers
(c) Produced by others
(d) Supplied by others 

Question. The main disadvantage of departmental store     
(a) Centrally located
(b) Operating cost is too high
(c) Attractive services
(d) Promotion of sales 

Question. The personnel in chain stores have to obey the instructions received from   
(a) Branch supervisor
(b) General Manager
(c) Head office
(d) Board of Directors 

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. Lack of initiative in the employees while dealing with customers in chain stores results in   
(a) Lack of personal touch
(b) Low sales
(c) Conflicts
(d) Loose the customers 

Question. Which of the following come under fixed shop retailers?   
(a) General stores
(b) Multiple shops
(c) Departmental stores
(d) Chain stores 

Question. For day to day supervision of chain stores , the head office normally appoints.   
(a) Inspectors
(b) Supervisors
(c) Managers
(d) Branch officer 

Question. These vendors are found at street crossing where flow of traffic is heavy?   
(a) Market traders
(b) Street stall holders
(c ) General Stores
(d) 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 

Fill in the blanks:

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

Question. The traders who purchase in large quantities and sell in small lots to retailers are called .  

Question.The type of business enterprise engaged in sale of goods and services directly to ultimate consumers is called .   

Question. The act as an important link between producers and final consumers in the distribution of products and services.   

Question. Internal trade is classified into two categories and trade.   

Question. The traders who do not have fixed place of business and they keep on moving with their waves are called retailers.   

Question. When buying and selling of goods and services is done with the objective of earning profit, it is called as .

Question.The specialty shops are generally located in a ………. place.

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

Question. Small producers or petty traders carrying their products on bicycle or on their heads are referred to as . 

Question. The traders dealing in bulk merchandised are called as .   

Question. Trade between two and more countries is called trade.  

Question. On the basis of geographical location of buyers and sellers, trade can be classified into two categories and trade.   

Question. Speciality shops are specialize in the sale of a ………….. line of products. 

Question. Time utility is being provided by intermediary. 

Question. Trade taking place within the boundaries of a nation is referred to as trade. 

Question. Secondhand goods shops sell their goods at ……… prices.

Question. The traders dealing in retail trade are called .    

Question. Depatmental stores are generally located at a.……..

Question. Stores which are found in a local market and residential areas are called .

True and False:

Question. Market traders mainly serve the needs of low income group of customers with low-priced products.

Question. Both wholesalers and retailers are important marketing intermediaries who perform useful function in the of exchange of goods and services,

Question. Wholesaler serve as an important link between manufacturer and consumers.

Question. Storage facility provides with time utility.

Question. Internal trade can be classified into four broad categories.

Question. Trade which is performed within the geographical boundaries is referred as external trade.

Question. Retailers sale and purchase goods in relatively small quantity to ultimate consumers,

Question. Wholesaler purchase in bulk quantity and sell in small lots to retailers.

Question. The wholesaler performs various marketing functions and provide support to the consumers.

Question. Wholesalers provide after-sale services to the consumers in the form of home delivery of goods.

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

We hope the above multiple choice questions for Class 11 Business Studies for Chapter 10 Internal Trade provided above with answers based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS are really useful for you. Internal Trade is an important chapter in Class 11 as it provides very strong understanding about this topic. Students should go through the answers provided for the MCQs after they have themselves solved the questions. All MCQs have been provided with four options for the students to solve. These questions are really useful for benefit of class 11 students. Please go through these and let us know if you have any feedback in the comments section.