New ! Commerce MCQ Practise Tests

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

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

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

    Answer all the questions

    10 x 1 = 10
  1. When goods are Imported for the purpose of Export is called as _____.

    (a)

    Foreign Trade

    (b)

    Home Trade

    (c)

    Entrepot Trade

    (d)

    Trade

  2. Home trade is classified into

    (a)

    Wholesale Trade

    (b)

    Retail Trade

    (c)

    Both (a) and (b)

    (d)

    None of these

  3. Foreign trade is classified in to

    (a)

    Export Trade

    (b)

    Import Trade

    (c)

    Entrepot Trade

    (d)

    All of these

  4. Which of the following place does not come under the entrepot centres in the world

    (a)

    Singapore

    (b)

    Dubai

    (c)

    Hong kong

    (d)

    Chennai

  5. The main aim of trade is to____

    (a)

    earn profit

    (b)

    To transfer goods and services

    (c)

    To serve the society

    (d)

    None

  6. The carriage of goods in international trade is done by_______-

    (a)

    Shipping

    (b)

    Air transport

    (c)

    Both (a) & (b)

    (d)

    None

  7. The other name for Entrepot Trade is

    (a)

    Wholesale Trade

    (b)

    Re-export Trade

    (c)

    Export Trade

    (d)

    Home Trade

  8. ____________________________trade deals with the distribution of goods in small quantities to the consumers.

    (a)

    Retail

    (b)

    Wholesale

    (c)

    Home

    (d)

    Foreign

  9. Re-export trade is otherwise called as_______________________ trade.

    (a)

    Enterpot

    (b)

    Export

    (c)

    Import

    (d)

    Foreign

  10. Trade between people of many countries is called .............

    (a)

    Home trade

    (b)

    Trade

    (c)

    Bilateral trade

    (d)

    Multilateral trade

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Standard Commerce Types of Trade English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

Write your Comment