Internal Trade Class 12 MCQs Questions with Answers

1. When goods are imported for the purpose of export is called as _______

2. This retail business acts as a universal supplier of a wide variety of products

3. ____ are mobile traders who deal in low priced articles with no fixed place of business.

4. It helps disabled and elderly people.

5. A warehouse keeper accepts goods for the purpose of ____________

6. _______ refers to buying and selling of goods and services in large quantities for the purpose of resale or intermediate use.

7. An agent is appointed by the ____________

8. Small scale Fixed retailers includes ____________

9. The risk of bad debts in this business is eliminated particularly when payment is received through V.P.P.

10. Example for small scale fixed retail shop are 

11. Expand AVM.

12. Expand CIF

13. The persons who come in between the primary producer and the final consumer to promote trade is called as ____________

14. ____________ are agents who merely bring the buyer and the seller into contact.

15. ____________ can check the price fluctuations in the market by holding back the goods when prices fall and releasing the goods when prices raise.

16. Buying and selling of goods and services within the boundaries of a nation is referred as

17. The aim is to economies by buying in common and to retain their profits by selling in common.

18. It is a network of a number of branches situated at different localities in the city or in the different parts of the country.

19. Wholesalers deals in ____________ quantity of goods

20. The purchase of goods from a foreign country is called ____________