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Internal Trade Quiz - Class XI Business Studies

Class XI
Business Studies
Internal Trade
15 questions
MEDIUM

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1. What is internal trade?

Trade within a country · Trade between countries · Trade in services only · Trade in goods only

2. Which of the following is NOT a feature of internal trade?

Involves buying and selling · Conducted within national boundaries · Regulated by international laws · Involves wholesalers and retailers

3. What type of internal trade involves the sale of goods to consumers?

Wholesale trade · Retail trade · Export trade · Import trade

4. Which of the following is a characteristic of wholesale trade?

Sells in small quantities · Deals directly with consumers · Sells in large quantities · Involves only services

5. Which of the following is a type of retail trade?

Departmental store · Wholesale market · Export house · Import agency