Home
Class 11
BUSINESS STUDIES
What is meant by internal trade?...

What is meant by internal trade?

Text Solution

Verified by Experts

Internal Trade
When buying and selling of goods and services takes place within the geographical limits of a country. It is known as internal trade.
The main features of internal trade are
(i) The buying and selling of goods and services takes place within a country.
(ii) The payment are made and received in the home country only.
(iii) There are no or very few formalities to be completed by the traders.
Promotional Banner

Topper's Solved these Questions

  • INTERNAL TRADE

    SUBHASH DEY|Exercise CASE STUDIES and HOTS|6 Videos
  • INTERNAL TRADE

    SUBHASH DEY|Exercise Short Answer Questions|9 Videos
  • INTERNAL TRADE

    SUBHASH DEY|Exercise Exercise (MCQ)|10 Videos
  • FORMS OF BUSINESS ORGANISATIONS

    SUBHASH DEY|Exercise Exercise (TEST YOURSELF) (Long Answer Type Questions)|10 Videos
  • INTERNATIONAL

    SUBHASH DEY|Exercise Shot ans.|8 Videos

Similar Questions

Explore conceptually related problems

What is meant by Free trade ? What is its impact ?

SUBHASH DEY-INTERNAL TRADE-Very Short Answer Questions
  1. Which trade involves buying and selling of goods and service within t...

    Text Solution

    |

  2. Spencer, Big Apple and Big Bazar are examples of a type of fixed shop ...

    Text Solution

    |

  3. By what name the traders who do not have a fixed place of business to...

    Text Solution

    |

  4. What is the biggest advantage of general stores?

    Text Solution

    |

  5. Identify the type of Internal Trade in the following statements. (...

    Text Solution

    |

  6. A Pan Masala seller put up a stall outside a school where large number...

    Text Solution

    |

  7. Mansi orders a mixer on the basis of an advertisement in a newspaper ...

    Text Solution

    |

  8. What is meant by internal trade?

    Text Solution

    |

  9. What do you understand by wholesale trade?

    Text Solution

    |

  10. Enumerate the features of retail trade.

    Text Solution

    |

  11. How does market information provided by the wholesalers benefit the ...

    Text Solution

    |

  12. Differentiate between itinerants and fixed shop retailers.

    Text Solution

    |

  13. What is a super bazar?

    Text Solution

    |

  14. What is the difference between a hawker and a pedlar?

    Text Solution

    |

  15. Who are itinerants? Name different types of itinerants.

    Text Solution

    |

  16. Give two points of difference between single line store and speciality...

    Text Solution

    |

  17. Enumerate the services of the wholesaler to manufacturer.

    Text Solution

    |

  18. State any two functions of a retailer.

    Text Solution

    |

  19. State any two benefits of super markets.

    Text Solution

    |

  20. Explain the meaning of Automatic Vending Machine.

    Text Solution

    |