Internal Trade Class 12 MCQs Questions with Answers

1. Expand CIF

2. An agent is appointed by the ____________

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

4. Example for small scale fixed retail shop are 

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

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

7. It helps disabled and elderly people.

8. Small scale Fixed retailers includes ____________

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

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

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

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

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

14. Wholesalers deals in ____________ quantity of goods

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

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

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

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

20. Expand AVM.