Class 11 Internal Trade worksheet

Sample questions

Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.

Section A · multiple choice

1. 1.

   Buying and selling of goods within the boundaries of a country is:

   1. entrepot trade
   2. export trade
   3. international trade
   4. internal trade

   Answer

   (d) internal trade

2. 2.

   What is meant by “departmental store”?

   1. a large store with many departments under one roof
   2. a single destination-based tax on the supply of goods and services
   3. sellers with small temporary shops who move when business falls
   4. tax paid on purchases set off against tax on sales

   Answer

   (a) a large store with many departments under one roof

3. 3.

   A huge store sells clothes, groceries and furniture in separate sections under one roof. What kind of retailer is this?

   1. cheap jacks
   2. single line store
   3. peddlers and hawkers
   4. departmental store

   Answer

   (d) departmental store

Section B · short answer

1. 4.

   What is wholesale trade?

   Answer

   Buying goods in large quantities from producers and selling them in smaller lots to retailers or other businesses.

2. 5.

   Explain each term: (a) input tax credit (b) chain store

   Answer

   (a) tax paid on purchases set off against tax on sales (b) many similar shops in different places, owned by one firm

Section C · long answer

1. 6.

   Explain the services of wholesalers to manufacturers and retailers.

   Answer

   To manufacturers: large-scale production, risk bearing, finance, advice, marketing help, storage. To retailers: availability of goods, marketing support, credit, specialised knowledge, risk sharing.

Fresh sheets for your child

In the app, every Internal Trade sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.

Coming soon for Android and iPhone.

More Class 11 Business Studies