CBSE Questions for Class 11 Commerce Business Studies Internal Trade Quiz 2 - MCQExams.com

GST is charged on _______________ of goods and services.
  • supply
  • sale
  • revenue
  • cost
Bata is an example of a ___________.
  • General store
  • Mail-order house
  • Chain store
  • Departmental store
In _____________ shops, defective goods are sold.
  • Second
  • Itinerant
  • Wholesale
  • Retail
Name the tax which combine all other indirect taxes.
  • VAT
  • Sales Tax
  • GST
  • Excise
___________ representative body for business.
  • WTO
  • Chamber of Commerce and Industry
  • Business Organisation Union
  • None of the above
Name the trader who sells directly to customers.
  • Retailer
  • Manufacturer
  • Wholesaler
  • None of the above
___________ is a network of number of branches situated at different localities in the city or in the different parts of the country.
  • Departmental Stores
  • Multiple Shops
  • Consumer Cooperative Store
  • None of the above
The retailer who sell their goods in weekly markets are known as ______________.
  • Hawkers
  • Periodic Market Traders
  • Cheap Jacks
  • Street traders
Retailer who have no fixed place/location of sale are called ________.
  • Retailer
  • Wholesale
  • Itinerants
  • Second shop
_______________ is used to buy and sell goods by inserting coins.
  • Automatic Vending Machine
  • Main Order Houses
  • Wholesale
  • None of the above
In ____________ shops, used goods are bought and sold.
  • Second-hand goods 
  • Street Trade
  • Hawker and Pedlars
  • Retail
Which of the following is a correct statement?
  • Goods and Service Tax (GST) is a consolidation of many indirect taxes already levied in India
  • In India, Excise duty and Service tax are levied by the Central Government
  • VAT is levied by the State Governments
  • All of the above
A concept in retailing that helps explain the emergence of new retailers is called the __________ hypothesis.
  • product life cycle
  • service assortment
  • retail life cycle
  • wheel-of-retailing
On the basis of volume, which of the following types of wholesale middlemen is the most important?
  • Commission men
  • Brokers
  • Wholesale merchants
  • Co-operative marketing associations
The phenomenon of over-trading in working capital is characterized by _______________________.
  • Less amount of cash invested in current assets
  • Overcapitalizatiion of the company as compared to volume of sales
  • High amount of cash invested in current assets
  • All of the above
  • Both (A) and (C) above
The word "retailer" is originated from ______.
  • german
  • french
  • greek
  • italy
Mail order retailing is also referred to as _______.
  • non-store impersonal retailing
  • shopping by post
  • selling by post
  • (A) or (B) or (C)
Which type of traders mainly deals with the agricultural products?
  • Itinerant Retailers
  • Fixed shop retailers
  • Small-size retail shop
  • Large scale retailing institutions
Who plays their significant role in distribution of goods though they do not sell directly to ultimate users or consumers?
  • Retailer
  • Wholesaler 
  • Mediator
  • Commission agent
All the activities involved in selling goods or services directly to final consumers for personal non-business uses are done by _________.
  • wholesalers
  • retailers
  • mediators
  • commission agents
If the realized collection period is more than the terms of trade it can be said that __________________.
  • The collection job is over
  • The quality of debtors is poor
  • The average daily sales are low
  • All of the above
  • Both (A) and (B) above
In Delivery Challans _____ is mentioned.
  • quality of product
  • quantity of product
  • maintenance date of product
  • manufacturing date of product
By the term SCM, we mean _________.
  • supply chain management
  • supply chain monitoring
  • supply chain movement
  • none of the above
Debit note is sent  __________.
  • when seller in having debt
  • when buyer is having debt
  • when company is having some financial problems
  • none of the above
In the case of corporate trade payments, the link between the banks of the buyer and the seller is the _________.
  • EFT
  • Lock boxes
  • Automated clearing houses
  • Wire transfers
  • Both (A) and (D) above
It is UNCOMMON that a first credit inquiry be ___________.
  • Accepted
  • Counter offer be given
  • Both a & b
  • All of the above
One Entrepreneur who is into the hosiery business found out the reason his hosiery was not selling as its color. What could be the best source of this information?
  • Supplier
  • Retailer
  • Competition
  • Government bureau
When the data is shared with the companies clients in SCM than it is called _______.
  • upstream
  • downstream
  • both a and b
  • none of the above
These are demanded when buyer returns goods already paid for on grounds of, say, unacceptable quality ____________.
  • Debit Notes
  • Credit Notes
  • Sales Letters
  • Statement of Accounts
When the data is shared with the companies suppliers in SCM than it is called _______.
  • upstream
  • downstream
  • both a and b
  • none of the above
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