Internal Trade
Commerce ⇒ Business Studies
Internal Trade starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define 'itinerant retailers' and give one example.
Describe any two types of itinerant retailers.
Explain the concept of 'chain stores' in internal trade.
Explain the difference between wholesale trade and retail trade.
Explain the importance of internal trade in the Indian economy.
Explain the role of wholesalers in the distribution of goods.
A retailer buys goods worth Rs. 10,000 from a wholesaler and sells them for Rs. 12,000. What is the profit earned by the retailer?
A wholesaler purchases 500 units of a product at Rs. 50 per unit and sells them to retailers at Rs. 60 per unit. Calculate the total profit earned by the wholesaler.
Which of the following is a benefit of internal trade? (1) Promotes foreign exchange (2) Increases employment opportunities (3) Increases import duties (4) Reduces domestic production
Which of the following is a characteristic of internal trade? (1) Use of foreign currency (2) Movement of goods within the country (3) Payment of customs duty (4) Involvement of international transport
Which of the following is a feature of departmental stores? (1) Specializes in one product (2) Sells only to wholesalers (3) Offers a wide variety of goods under one roof (4) Moves from place to place
Which of the following is a function of a retailer? (1) Bulk breaking (2) Providing after-sales service (3) Assembling goods (4) Manufacturing goods
Fill in the blank: _______ retailers move from place to place to sell their goods.
Fill in the blank: _______ stores are large-scale retail shops that offer a wide variety of goods under one roof and are divided into different departments.
Fill in the blank: _______ trade involves buying and selling goods between different states within the same country.
Fill in the blank: _______ trade refers to buying and selling goods within the same state or city.
Is it true that internal trade is also known as domestic trade?
Is the following statement true or false? Internal trade is subject to import and export duties.
State whether the following statement is true or false: Internal trade helps in equalizing prices throughout the country.
State whether the following statement is true or false: Wholesalers usually sell goods in small quantities to final consumers.
