EWT | Academic Question

Questions
Question (21)
QN0024442
A customer compares the prices of the same mobile phone offered by different sellers on one shopping website. Which feature of an online market makes this possible?
  • (A) Manufacturing goods
  • (B) Bringing together many sellers on one platform
  • (C) Producing electronic items
  • (D) Exporting mobile phones

Correct Answer: B
Explanation:

Online platforms list products from multiple sellers.

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Question (22)
QN0024443
A buyer in Delhi orders a study table from a seller in Bengaluru through an online shopping app. Which statement is correct?
  • (A) The buyer and seller must meet personally.
  • (B) The transaction can take place without physical meeting.
  • (C) The purchase must be made through a wholesaler.
  • (D) It is an international transaction.

Correct Answer: B
Explanation:

Online markets do not require physical presence.

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Question (23)
QN0024444
Which type of market operates entirely within the geographical boundaries of India?
  • (A) International market
  • (B) Domestic market
  • (C) Export market
  • (D) Foreign market

Correct Answer: B
Explanation:

Domestic markets function within one country.

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Question (24)
QN0024445
India purchases edible oil from another country. This activity is called
  • (A) export.
  • (B) import.
  • (C) retailing.
  • (D) wholesaling.

Correct Answer: B
Explanation:

Import means buying goods from another country.

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Question (25)
QN0024446
A company in India sells software services to customers in another country. This transaction is part of
  • (A) domestic trade.
  • (B) international market.
  • (C) retail market only.
  • (D) weekly market.

Correct Answer: B
Explanation:

Trade across national boundaries is international trade.

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Question (26)
QN0024447
A retailer runs out of packaged milk during a festival. From whom is the retailer most likely to obtain fresh stock?
  • (A) Final consumers
  • (B) Wholesaler
  • (C) Courier company
  • (D) Tourist

Correct Answer: B
Explanation:

Retailers generally purchase goods from wholesalers.

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Question (27)
QN0024448
Which participant mainly stores goods in large warehouses before supplying them to retailers?
  • (A) Consumer
  • (B) Wholesaler
  • (C) Retailer
  • (D) Distributor

Correct Answer: B
Explanation:

Wholesalers purchase and store goods in bulk.

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Question (28)
QN0024449
Which participant mainly sells goods directly to households for consumption?
  • (A) Producer
  • (B) Wholesaler
  • (C) Retailer
  • (D) Exporter

Correct Answer: C
Explanation:

Retailers sell directly to final consumers.

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Question (29)
QN0024450
A wholesaler cannot supply goods to retailers in a remote mountain region. Who helps connect them?
  • (A) Consumer
  • (B) Distributor
  • (C) Manufacturer
  • (D) Advertiser

Correct Answer: B
Explanation:

Distributors bridge the gap between suppliers and retailers.

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Question (30)
QN0024451
An online shopping company stores products from different manufacturers in one warehouse before delivering them to customers. This company is known as an
  • (A) exporter.
  • (B) aggregator.
  • (C) wholesaler.
  • (D) producer.

Correct Answer: B
Explanation:

Aggregators collect products from multiple sellers on one platform.

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