CBSE Questions for Class 11 Commerce Business Studies Internal Trade Quiz 4 - MCQExams.com

How the capital of a cooperative store is raised?
  • Through issue of shares.
  • By inviting subscriptions from the members
  • By raising funds from the general public.
  • All of these
Where do cooperative stores purchase their goods?
  • Directly from Wholesalers.
  • From retailers.
  • From manufacturers
  • Both A and C
The profits earned by consumer cooperative stores are utilised for ________________.
  • declaring bonus to members.
  • strengthening the general reserve.
  • social and educational benefit of members.
  • all of the above
The accounts of cooperative stores are audited for ____________.
  • registrar of companies
  • manager of the store
  • registrar of cooperative societies
  • none of the above
Why are the prices of goods lower in super markets than in other retail stores?
  • Because of bulk purchasing.
  • Low profit margins.
  • Both A and B
  • None of the above
What are the disadvantages that Consumer Cooperative store faces?
  • Lack of patronage.
  • Lack of business training.
  • Shortage of funds
  • All of the above
Mention the goods that are traded in Super markets.
  • Groceries
  • Utencils
  • Electronic goods
  • All of the above
What are the main advantages of Consumer cooperative stores?
  • Democratic management
  • Ease of information
  • Limited liability
  • All of the above
Disadvantages of GST include _______.
  • increased costs due to software purchase
  • smaller businesses, especially in the manufacturing sector will face difficulties under GST.
  • GST came into effect in the middle of the financial year
  • all of the above
What are the minimum number of members required to form Consumer Cooperative Store?
  • 5
  • 10
  • 15
  • 20
What are the disadvantages that acts as a hindrance while trading through mail order houses?
  • Delayed delivery
  • No credit facilities
  • Lack of personal contract
  • All of these
What restricts the purchasing power of buyers from Super markets?
  • No credit facility.
  • No personal attention.
  • Huge operating costs.
  • None of these.
The government and Chamber of Commerce should ensure that their imposition on local levies is not at the cost of ____________.
  • smooth transportation
  • local trade
  • both A and B
  • none of the above
Where do the Indian Chamber of Commerce and Industry intervene?
  • In transportation or inter state movement of goods.
  • In octroi and other local levies.
  • Weights and measures and prevention of duplication brands.
  • All of the above.
What is the full form of CII ?
  • Compilation of Indian Investment
  • Confederation of Indian Industry
  • Confederation of Inspection in Induatry
  • None of these
The Indian Chambers of Commerce and Industry has been playing a catalytical role in strengthening____________ to make it an important part of overall economic activity.
  • external trade
  • agricultural activities
  • internal trade
  • none of the above
Name functions that are performed by the Indian Chamber of Commerce and Industry.
  • Increase in interstate movement of goods.
  • Introduce transparency.
  • Remove layers of inspection and bureaucratic hurdles.
  • All of the above
The ingredients in the performance of a contract of sale by the seller are:
  • Transfer of property in goods
  • The passing of the risk
  • Delivery of goods
  • All of the above
What is the chief source of the Government revenue levied across states by the Central government?
  • Central excise
  • Sales tax
  • Value added tax
  • None of these
Name some chambers or association that are the national guardians of trade, commerce and industry?
  • Chamber of Commerce and Industry
  • ASSOCHAM
  • Confederation of Indian Industry
  • All of the above
A person having a unit(s) in a Special Economic Zone or being a Special Economic Zone developer shall make a separate application for registration under GST.
  • True
  • False
What are the main characteristics of Super markets?
  • They have wide variety and assortment.
  • Self-Service
  • Heavy emphasis on merchandising appeal.
  • All of the above
State the areas in agro products related issues where FICCI needs to intervene.
  • Streamlining of local subsidies.
  • Marketing of agricultural products.
  • Both A and B
  • None of these.
Write down the full form of FICCI.
  • Federation of Indian Chamber of Companies and Industry
  • Federation of Indian Chamber of Commerce and Industry
  • Federation of International Chamber of Commerce and Industry
  • None of these
What are the projects that Chamber of Commerce needs to take for smooth trade?
  • Marketing Projects
  • Financial Projects
  • Investment Projects
  • All of the above
A simple and flexible_____________ is helpful in running industries, maximizing production and generating employment.
  • marketing faciities
  • labour legislation
  • industrial rules
  • All of the above
Name the infrastructural facilities that play a catalytic role in promoting trade.
  • Road
  • Port
  • Electricity
  • All of these
World Trade Organisation (WTO) helped in_________.
  • privatization
  • Cross border trade
  • Helped in providing political stability for companies who are doing international business
  • All the above.
In which year FICCI was established in India?
  • 1972
  • 1965
  • 1947
  • 1975
What is the meaning of Octroi?
  • Tax collected on the goods and from the people entering the state or municipal limits.
  • Tax collected from the customers present in the market.
  • Tax levied on the goods in the market.
  • None of these
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