Trade and Supply Chain Management - Class XI
This quiz covers types of trade, supply chain management, internal and external trade, trade agreements, and related business concepts for Class XI students.
Questions
By the term SCM, we mean _________.
- supply chain management
- supply chain monitoring
- supply chain movement
- none of the above
The results of over-trading may be ____________.
- Overcapitalization
- Liquidity
- Technical insolvency
- All of the above
- Both (B) and (C) above
If the realized collection period is more than the terms of trade it can be said that __________________.
- The collection job is over
- The quality of debtors is poor
- The average daily sales are low
- All of the above
- Both (A) and (B) above
The phenomenon of over-trading in working capital is characterized by _______________________.
- Less amount of cash invested in current assets
- Overcapitalizatiion of the company as compared to volume of sales
- High amount of cash invested in current assets
- All of the above
- Both (A) and (C) above
Buying and selling of goods and services within the boundaries of a nation are referred to as __________.
- external trade
- internal trade
- sale transaction
- none of the above
Purchase and sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as _________.
- wholesale trade
- retail trade
- Internal trade
- External trade
Internal trade can be classified into two broad categories. The two categories of internal trade are _________ and _________.
- wholesale, retail trade
- inward , outward trade
- intra state, inter state trade
- none of the above
Which is termed as trade bill?
- An inland instrument drawn outside India.
- An instrument drawn outside India.
- An outside trade bill drawn in India.
- None of the above.
Buying or selling all 30 scrips of sensex in proportion of their current weights in the sensex in one go is called _____________.
- Basket trading
- Arbitrage
- Badla
- Margin Trading
Carrying forward a transaction from one settlement period to the next is known as ______________.
- Basket Trading
- Margin Trading
- Badla
- Option deal
"A trader is not a middleman bringing the buyer and seller together and receiving the commission for the services provided by him." Is the statement true or false?
- True
- False
- Depends on the condition
- There is nothing specified about it
When the data is shared with the companies suppliers in SCM than it is called _______.
- upstream
- downstream
- both a and b
- none of the above
These are demanded when buyer returns goods already paid for on grounds of, say, unacceptable quality ____________.
- Debit Notes
- Credit Notes
- Sales Letters
- Statement of Accounts
Which of the following is true in relation to internal trade?
- No custom duty or import duty is levied on such trade as goods are part of domestic production and are meant for domestic consumption
- Generally, payment has to be made in the legal tender of the country or any other acceptable currency
- Internal trade can be classified into two broad categories
- All of the above
Which of the following is an example of internal trade?
- Products purchased from a neighborhood shop in a locality
- Products purchased from door-to- door salesperson
- Products purchased from an exhibition
- all of the above
NAFTA is____________________.
- treaty signed between two companies of Europe
- free trade between America and Europe
- free trade agreement between US, CANADA and MEXICO.
- free treaty between any two countries
WTO helped in_________.
- privatization
- cross burden trade
- helped in providing political stability for companies who are doing international business
- all of the above.
When the data is shared with the companies clients in SCM than it is called _______.
- upstream
- downstream
- both a and b
- none of the above