Class 11 Business Studies Chapter 10 Internal Trade MCQ Questions with Answer

Class 11 MCQs

Internal Trade Class 11 MCQ is one of the best strategies to prepare for the CBSE Class 11 Board exam. If you want to complete a grasp concept or work on one’s score, there is no method except constant practice. Students can improve their speed and accuracy by doing more Internal Trade class 11 MCQ which will help them all through their board test.

Internal Trade Class 11 MCQ Questions with Answer

Class 11 Business Studies MCQ with answers are given here to Chapter 10 Internal Trade. These MCQs are based on the latest CBSE board syllabus and relate to the latest Class 11 Business Studies syllabus. By Solving these Class 11 MCQs, you will be able to analyze all of the concepts quickly in the Chapter and get ready for the Class 11 Annual exam.

Learn Internal Trade Class 11 MCQ with answers pdf free download according to the latest CBSE and NCERT syllabus. Students should prepare for the examination by solving CBSE Class 11 Internal Trade MCQ with answers given below.

Question 1 : An agent is appointed by the _________
(a) Principal
(b) Manufacturer
(c) Wholesaler
(d) Retailer

Answer :  A

Question 2 : The aim is to economies by buying in common and to retain their profits by selling in common.
(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumers co-operative store

Answer :  D

Question 3 : International trade contributes and increases the world _________
(a) Population
(b) Inflation
(c) Economy
(d) Trade Barriers

Answer :  C

Question 4 : The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export

Answer :  B

Question 5 : _____ means selling the products at a price less than on going price in the market.
(a) Quota
(b) Tariff
(c) Subsidy
(d) Dumping

Answer :  D

Question 6 : The aim is to economies by buying in common and to retain their profits by selling in common.
(a) multiple shop
(b) web marketing
(c) teleshopping
(d) consumer?s co-operative store

Click for Answer

D

Question 7 : Payment made in internal trade:
(a) Import duty
(b) Export duty
(c) VAT
(d) None of these

Answer :  C

Question 8 : It helps disabled and elderly people.
(a) Tele-shopping
(b) E-commerce
(c) multiple shop
(d) installment system

Answer :  A

Question 9 : ____ are mobile traders who deal in low priced articles with no fixed place of business.
(a) Street stalls
(b) Retailers
(c) Itinerant traders
(d) Agents

Answer :  C

Question 10 :  Agents are appointed by?
(a) Manufacturer
(b) Wholesaler
(c) Retailer
(d) Principal

Answer :  D

Question 11 : Wholesaler help the manufacturer in availing the economies of scale by
(a) Making huge order
(b) Doing marketing of manufacturer
(c) collects order from various retailers and passes on this pool of order to the manufacturer
(d) None of the above

Answer :  C

Question 12 : Where departmental store are famous:
(a) USA and Europe
(b) India
(c) China
(d) Pakistan.

Click for Answer

A

Question 13 : A warehouse keeper accepts goods for the purpose of ____________
(a) Selling
(b) Packaging
(c) Export
(d) Storage

Answer :  D

Question 14 : Which among the following is not concerned with Chambers of Commerce & Industry
(a) CII
(b) FICCI
(c) ICICI
(d) ASSOCHAM

Answer :  C

Whoever needs to take the CBSE Class 11 Board Exam should look at this MCQ. To the Students who will show up in CBSE Class 11 Business Studies Board Exams, It is suggested to practice more and more questions. Aside from the sample paper you more likely had solved. These Internal Trade Class 11 MCQ are ready by the subject specialists themselves.

Question 15 : Small scale Fixed retailers includes __________
(a) Hawkers
(b) Pedlars
(c) Cheap Jacks
(d) General stores

Answer : D

Question 16 : The international trade between ___________ is like a vast game of beggar my neighbor.
(a) Exporter & Importer
(b) Two Countries
(c) Two world wars
(d) Country’s allies and enemies

Answer : C

Question 17 : This retail business acts as a universal supplier of a wide variety of products.
(a) Multiple shop
(b) Mail order Business
(c) Tele-shopping
(d) Departmental store

Answer :  D

Question 18 : Domestic company limits it’s operations to ___________ political boundaries.
(a) International
(b) National
(c) Transnational
(d) Global

Click for Answer

B

Question 19 : The purchase of goods from a foreign country is called ____________
(a) Entreport
(b) Import
(c) Re-Export
(d) Export

Answer :  B

Question 20 : This retail business acts as a universal supplier of a wide variety of products.
(a) Multiple shop
(b) Mail order Business
(c) Tele-shopping
(d) Departmental store

Answer : D

Question 21 : These are agents whose function is to bring the buyer and the seller into contact.
(a) Commission agent
(b) Selling agent
(c) Broker
(d) Stockist

Answer :  C

Question 22 : _____ are usually seen at places where a there is a huge gathering on a regular basis; such as on bus stops, railway stations, office areas, etc.
(a) Wholesaler
(b) Manufacture
(c) Street traders
(d) Retailer

Click for Answer

C

Question 23 : Goods imported for the purpose of export is known as
(a) Home trade
(b) Foreign trade
(c) Entrepot
(d) Trade

Answer : C

Question 24 : The retailer plays as a link between
(a) Consumer and manufacturer
(b) Consumer and wholesaler
(c) Manufacturer and wholesaler
(d) He doesn’t link any

Answer :  B

Question 25 : In consumers co-operative store goods are sold :
(a) Only in cash
(b) Only credit
(c) Both
(d) Free

Answer :  A

Question 26 : Which is not example of big scale retail shop:
(a) Departmental store
(b) Super bazar
(c) Multiple shop
(d) Mail store.

Answer :  D

Question 27 : Goods imported for the purpose of export is known as
(a) Home trade
(b) Foreign trade
(c) Entrepot
(d) Trade

Answer :  C

Question 28 : Which among the following is not concerned with Chambers of Commerce & Industry
(a) CII
(b) FICCI
(c) ICICI
(d) ASSOCHAM

Click for Answer

C

You can easily get good marks If you study with the help of Class 11 Internal Trade MCQ. We trust that information provided is useful for you. NCERT MCQ Questions for Class 11 Internal Trade PDF Free Download would without a doubt create positive results. 

We hope the information shared above in regards to MCQ on Internal Trade Class 11 with Answers has been helpful to you. If you have any questions regarding CBSE Class 11 Business Studies Solutions MCQs Pdf, write a comment below and we will get back to you as soon as possible.

Frequently Asked Question (FAQs)

How many MCQ questions are there in Class 11 Chapter 10 Business Studies?

In Class 11 Chapter 10 Business Studies, we have provided 28 Important MCQ Questions, But in the future, we will add more MCQs so that you can get good marks in the Class 11 exam.

Can we score good marks in Class 11 Business Studies with the help of Internal Trade MCQ Questions?

Yes, MCQ Question is one of the best strategies to make your preparation better for the CBSE Board Exam. It also helps to know the student’s basic understanding of each Chapter. So, You can score good marks in the Class 9 Business Studies exam.

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