Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 11

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Chapter # 11

Retail Trade

Encircle the most appropriate answer from the following options


1 A retailer sells goods to:

  1. Consumer
  2. Wholesale
  3. Manufacturer
  4. All the above

2 A retailer buys and sells goods in:

  1. Reasonable quantity
  2. Abundant quantity
  3. Less quantity
  4. All of the above

3 The management of multiple shops is controlled by:

  1. Central office
  2. Regional office
  3. Provincial office
  4. Any office

4 The small retailers sell their goods:

  1. On credit
  2. On cash to rich and on credit to poor
  3. On cash
  4. All of the above

5 The expenses of small retailers are:

  1. Normal           
  2. More
  3. Less
  4. None

6 The small retailers work:

  1. At one place   
  2. On medium scale
  3. In streets
  4. On large scale

 7. All the sections of a departmental store can be found in:

  1. Four buildings 
  2. Two buildings
  3. One buildings
  4. Many buildings

8. The quantity of goods sold to consumers in a departmental store is:

  1. More   
  2. Small
  3. Reasonable    
  4. All of the above

9 The quantity of advertisements in a departmental store is:

  1. More  
  2. Reasonable
  3. Less    
  4. None

10 A shopkeeper who buys goods in a less quantity and sells it to consumer is called:

  1. Wholesaler     
  2. Producer
  3. Retailer
  4. Agent

11 A retailer generally buys goods from the:

  1. Wholesaler    
  2. Industrialis
  3. Government   
  4. All the above

12 A consumer has a direct link with:

  1. Retailer
  2. Wholesaler
  3. Industrial
  4. Agent

13 The goods are sold in a chain store at:

  1. One price
  2. Fixed price
  3. Different price
  4. All of the above

14 The capital needed for a departmental store is:

  1. Less
  2. Mechanical
  3. More
  4. None of the above

15 The departmental storeS are generally found:

  1. Outside the city          
  2. In center of the city
  3. In important centers of the city          
  4. In all areas

16 A departmental store is the developed form of:

  1. Retailers        
  2. Industrialists
  3. Wholesalers   
  4. Co-operative society

17 At a fixed price shop, the things are always sold:

  1. On cash         
  2. On credit        
  3. Both of 1 & 2
  4. In exchange of things

18. Mobile retailer is an ancient kind of:

  1. Wholesaling
  2. Retailing
  3. Agency
  4. All of the above

19 A retailer buys good from following market:

  1. National / home        
  2. Local
  3. International
  4. All of the above

20 A retailer has a direct contact with:

  1. Wholesaler     
  2. Consumers    
  3. Manufacturer
  4. Both (a) and (b)