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11th Standard English Medium Commerce Subject Types of Trade Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. When goods are purchased from a foreign country it is called ...........trade.

    (a)

    Home

    (b)

    Import

    (c)

    Export

    (d)

    Entrepot

  2. When goods are sold to a foreign country it is called ............. trade.

    (a)

    Internal

    (b)

    Import

    (c)

    Export

    (d)

    Entrepot

  3. ............of goods are controlled by the Imports and Exports Control Act 1947.

    (a)

    Production

    (b)

    Exchange

    (c)

    Import and Export

    (d)

    Dispatching

  4. The other name for internal trade is ..........trade.

    (a)

    domestic

    (b)

    export

    (c)

    import

    (d)

    foreign

  5. Retailing on ............. scale brings economies of bulk purchase, advertising, sales, overhead expenses, etc.,

    (a)

    small

    (b)

    large

    (c)

    multilateral

    (d)

    none of the above

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