Internal Trade Class 12 MCQs Questions with Answers

1. Expand AVM.

2. Expand CIF

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

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

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

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

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

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

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

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

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

12. It helps disabled and elderly people.

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

14. Example for small scale fixed retail shop are 

15. Small scale Fixed retailers includes ____________

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

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

18. Wholesalers deals in ____________ quantity of goods

19. An agent is appointed by the ____________

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