Internal Trade Class 12 MCQs Questions with Answers

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

2. Wholesalers deals in ____________ quantity of goods

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

4. Expand CIF

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

6. Example for small scale fixed retail shop are 

7. Small scale Fixed retailers includes ____________

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

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

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

11. It helps disabled and elderly people.

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

13. An agent is appointed by the ____________

14. Expand AVM.

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

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

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

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

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