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11th Standard Commerce - Types of Trade Two Marks Question Paper

Published on: 30/09/2019

Types of Trade

Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

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Std: 11th Standard - Commerce

chapter: - Model Question paper

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Questions:

Generic 2

10 x 2 = 20

What is the currency used in India for Internal Trade?

TVS is selling motor bikes in Europe. Under which type of trade can this be classified?

Explain the meaning of Entrepot trade.

What is Import trade?

What are the classifications of internal trade?

How do you classify Trade?

When Vikram of India sells cotton shirts to Amal of England, what type of trade he is engaged in?

Mr. Vikram who runs a textile industry regularly procures cotton from Germany. Name the type of trade he is engaged in.

What is International Trade?

10.

Give the meaning of Trade?

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Answers Key:

Generic 2

10 x 2 = 20

Internal trade uses rupee as the currency.

TVS is engaged in export trade.

Entrepot trade means importing of goods from one country and exporting the same to foreign countries. It is also known as 'Re-export trade'.

Import trade means buying goods from a Foreign Country for domestic use. Example, India imports petroleum products from Gulf Countries.

Internal trade consists of two main sub-divisions namely :
1) Wholesale Trade
2) Retail Trade

On the basis of geographical location of buyers and sellers, trade can be broadly classified into two categories;
1) Internal Trade
2) External Trade

Vikram is engaged in export trade.

Vikram is engaged in import trade.

International trade is a trade between a seller and buyer of different countries. It involves the exchange of goods and services of one country with another country.

10.

The buying and selling of goods and services consists of trade. The essence of trade is to make goods and services available to those persons who need them and are able and willing to pay for them.