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11th Standard Commerce Types of Trade English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. The purchase of goods from Foreign Country is called _____.

    (a)

    Import

    (b)

    Export

    (c)

    Entrepot

    (d)

    Re-export

  2. _____ acts as a connecting link between the producer and the consumer.

    (a)

    Trade

    (b)

    Industry

    (c)

    Commerce

    (d)

    Business

  3. Domestic Trade is otherwise called as ______________

    (a)

    Home Trade

    (b)

    Foreign Trade

    (c)

    International Trade

    (d)

    Entrepot Trade

  4. A retailer deals in ________________ varieties of goods.

    (a)

    Same

    (b)

    Different

    (c)

    One

    (d)

    Two

  5. Trade transfers _____

    (a)

    Possessions of goods only

    (b)

    Ownership of goods only

    (c)

    Both (a) & (b)

    (d)

    None

  6. Hero Pens produced in china and sold in India is _____________

    (a)

    Import trade

    (b)

    Export trade

    (c)

    Extrepot trade

    (d)

    Re export trade

  7. India imports petroleum products from Gulf countries. This is the example for

    (a)

    Wholesale Trade

    (b)

    Retail Trade

    (c)

    Entrepot Trade

    (d)

    Import Trade

  8. _______________________trade is a trade between a seller and buyer of different countries.

    (a)

    Foreign

    (b)

    Export

    (c)

    Entrepot

    (d)

    Home

  9. Selling of Tea from India to England - What type of trade is this?

    (a)

    Export

    (b)

    Import

    (c)

    Enterpot

    (d)

    Home

  10. Hero pens produced in China and sold in India is an example for ______________________trade

    (a)

    Foreign

    (b)

    Home

    (c)

    Export  

    (d)

    Enterpot

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