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    Internal Trade

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    Ranajit Saha
    This document contains questions about internal trade in India. It includes very short answer questions about topics like the definition of trade, types of retailers, terms used in trade, and organizations that support internal trade. There are also short answer and long answer questions about different aspects of wholesale and retail trade such as their characteristics, types of retailers, and the roles of different entities in facilitating internal trade.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Internal Trade

    Uploaded by

    Ranajit Saha
    28 views4 pages
    This document contains questions about internal trade in India. It includes very short answer questions about topics like the definition of trade, types of retailers, terms used in trade, and organizations that support internal trade. There are also short answer and long answer questions about different aspects of wholesale and retail trade such as their characteristics, types of retailers, and the roles of different entities in facilitating internal trade.

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    This document contains questions about internal trade in India. It includes very short answer questions about topics like the definition of trade, types of retailers, terms used in trade, and organizations that support internal trade. There are also short answer and long answer questions about different aspects of wholesale and retail trade such as their characteristics, types of retailers, and the roles of different entities in facilitating internal trade.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views4 pages

    Internal Trade

    Uploaded by

    Ranajit Saha
    This document contains questions about internal trade in India. It includes very short answer questions about topics like the definition of trade, types of retailers, terms used in trade, and organizations that support internal trade. There are also short answer and long answer questions about different aspects of wholesale and retail trade such as their characteristics, types of retailers, and the roles of different entities in facilitating internal trade.

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    Chapter-9

    Internal Trade

    Very Short Questions (1 Mark Each)

    Q1. Define Trade

    Q2. List the two broad categories of trade.

    Q3. Which shops deal in specific line products?

    Q4. Give two examples of chain stores.

    Q5. Mail order Houses provide a lot of convenience to the customers, yet they are not very
    popular, why? Give one reason.

    Q6. What are Vending Machines?

    Q7. Which type of goods are suitable for vending machines?

    Q8. Name any two organizations which have been playing a catalytic role in strengthening
    internal trade.

    Q9. Write the full form of ATM.

    Q10. Write the full form of CII.

    Q11. Distinguish between a wholesaler and retailer. Give only one point of difference.

    Q12. Name the document used in internal trade when goods are transported by railways.

    Q13. Sandeep& Sons, Delhi orders pearl jewellery from Nasir Bros, Hydrabad.They enter into
    a contract and makes certain that the payment will be made only on receiving the goods at
    Delhi in their Shop. Identify the term of trade in the above example.

    Q14. Sativa Spices Ltd. selling spices to Rajesh Bros. agrees to pay all the expenses up to
    Vishakhapatnam Port. Identify the term of trade.

    Q15. What is the meaning of Performa Invoice?

    Q16. Explain ‘E & OE’ meaning.

    Q17. Explain the meaning of Debit Note?

    SHORT ANSWER TYPE QUESTIONS


    (CARRYING 3 – 4 MARKS EACH)

    Q1. Enumerate the main features of wholesale trade.

    Q2. What are the services offered by retailer to the consumer?

    Q3. Jyoti has shifted residence in a new settlement colony. There are no retail shops nearby.
    What difficulties will Jyoti face in above case?

    Q4. Mention differences between departmental store and multiple shops.

    Q5. Explain the concept of vending machines.

    Q6. Identify the types of retailers in the following statements:

    (a) Rohan displays his goods on bus-stands or pavements.

    (b) Mangal sells goods from one street to another, from one locality to another.

    (c) Rajkumar sells only school uniforms.

    (d) Deepanshu deals only in second hand books.

    Q7. Explain the concept of vending machines.

    Q8. A manufacturing Co. manufacturing cloth open shops at different locations in India. He
    sells goods on cash only. The shops have identical decorations. The prices of goods are fixed.
    In this way they eliminate unnecessary middleman thus benefiting the consumers.

    (a) Identify the type of shop referred to.


    (b) Elaborate 3 characteristics of such shops.

    Q9. Vishal buys goods in larger quantities and sells them to small businessmen.

    (a) Which type of trader in Vishal?

    (b) State four characteristics of this type of trade.

    LONG ANSWER TYPE QUESTIONS


    (CARRYING 5 – 6 MARKS EACH)

    Q1. Difference between wholesale trade and retail trade and retail trade.

    Q2. What are super bazaar? Explain their advantages and limitations.

    Q3. Explain the main type of Itinerant retailers.

    Q4. Despite the opening of Malls and big departmental stores It inerant traders are integral
    part of India’s Internal trade. Analyse the reasons for their survival.

    Q5. Uma a village girl comes to Delhi to visit her relatives. She goes with her cousin to a shop,
    which is centrally located. She becomes astonished byte varieties of goods which are sold
    here.

    (a) Identify this type of shop.

    (b) Quoting lines from the above paragraph describe two characteristics of the shop.

    (c) Explain four advantages of such shops.

    Q6. Nirmala orders a mixer on the basis of an advertisement in a newspaper specifying the
    features, price, delivery terms. It specified that the terms of payment will be VPP only.

    (i) Identify this type of retail business.

    (ii) Explain two advantages and two limitations of them.

    Q7. A London based manufacturing co. manufacturing washing machines wish to add 2 new
    products in India namely AC’s ad Refrigerators. Out of a lot of 10 applicants the co. chose two
    wholesale firms (headed by females) whose proposals were very competitive and attractive.
    The wholesaler firm of AC’s hired the services of a (differently able retailer) Hari at
    competitive prices to sell AC’s in Delhi, Hari informs his wholesalerfirm’s head that the
    consumers of Delhi wish that their houses are cold when they reach their homes in the
    scrotching heat of Delhi.

    (a)Explain three services rendered by retailers to wholesalers or manufacturers.

    (b) Identify two values which are being adhered to in the above paragraph.

    Q8. Vending machines were initially set up at some Metro stations in Delhi for selling
    products such as soft drinks, mineral water, chocolates etc. But now, they have been
    removed. Analyse the causes for such a decision.

    Q9. Describe the role & functions of chamber of commerce and Industry in promotion of
    Internal Trade in India.

    Q10. Explain the advantages of consumer Co-operative stores.

    Q11. Prithvi firms buys Basmati Rice from different Manufacturers in huge quantities and
    sells these to Randhir Sons, Avichal Bros. etc. in small

    quantities under their own Brand name.

    (i) In your opinion what services will Prithvi Firms provide to RandhirSons& Avichal firms?
    (State any 2)

    (ii) What services are provided by Prithvi firms to manufactures? (State any2)

    (iii) What services are provided by Prithvi firms to the society? (Stateany 2)

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