Internal Trade Quiz

__________ trade refers to the buying and selling of goods within the boundaries of a nation.

Wholesalers buy goods in __________ quantities from manufacturers to sell to retailers.

A __________ sells products directly to the ultimate consumers.

The organization that helps regulate and promote trade by reducing barriers and improving policies is called the __________ of Commerce.

Goods and Services Tax, also known as __________, unifies the market and simplifies the tax system in India.

Which of the following is a function of wholesalers for manufacturers?

• Providing variety

• Personal selling

• Bearing risk

• Final consumer sale

Internal trade does NOT include:

• Selling goods within national boundaries

• Importing goods

• Selling through wholesalers

• Buying and selling within a city

Which of the following is a feature of a departmental store?

• Selling only groceries

• Self-service only

• Varied products under one roof

• Door-to-door service

In India, which tax replaced multiple indirect taxes?

• VAT

• Service tax

• GST

• Income tax

A __________ retailer moves from place to place, selling items directly to customers.

• Fixed shop

• Departmental

• Itinerant

• Chain