11th Standard EM - Commerce - Types of Trade

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Question - 1

The purchase of goods from a Foreign Country is called _____.

  • A Import
  • B Export
  • C Entrepot
  • D Re-export

Question - 2

When goods are Imported for the purpose of Export it is called as _____.

  • A Foreign Trade
  • B Home Trade
  • C Entrepot Trade
  • D Trade

Question - 3

_____ acts as a connective link between the producer and the consumer.

  • A Trade
  • B Industry
  • C Commerce
  • D Business

Question - 4

The aim of home trade is _____

  • A To raise the standard of living
  • B To provide the essential goods and services economically
  • C To raise the National Income
  • D To obtain all types of goods

Question - 5

Internal trade can be classified into _____ categories.

  • A Three
  • B Four
  • C Two
  • D Five

Question - 6

Domestic Trade is otherwise called as ______________

  • A Home Trade
  • B Foreign Trade
  • C International Trade
  • D Entrepot Trade

Question - 7

Home trade is classified into______.

  • A Wholesale Trade
  • B Retail Trade
  • C Both (a) and (b)
  • D None of these

Question - 8

A retailer deals in ________ varieties of goods.

  • A Same
  • B Different
  • C One
  • D Two

Question - 9

Foreign trade is classified into______.

  • A Export Trade
  • B Import Trade
  • C Entrepot Trade
  • D All of these

Question - 10

Trade transfers _____

  • A Possessions of goods only
  • B Ownership of goods only
  • C Both (a) & (b)
  • D None