Internal Trade Class 12 MCQs Questions with Answers

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

2. Expand CIF

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

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

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

6. Small scale Fixed retailers includes ____________

7. Wholesalers deals in ____________ quantity of goods

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

9. An agent is appointed by the ____________

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

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

12. Example for small scale fixed retail shop are 

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

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

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

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

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

18. Expand AVM.

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

20. It helps disabled and elderly people.