Internal Trade Class 12 MCQs Questions with Answers

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

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

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

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

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

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

7. Example for small scale fixed retail shop are 

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

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

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

11. Expand CIF

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

13. Wholesalers deals in ____________ quantity of goods

14. Small scale Fixed retailers includes ____________

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

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

17. Expand AVM.

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

19. It helps disabled and elderly people.

20. An agent is appointed by the ____________