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Question (11)

QN0024392

Which of the following is an example of a physical market?

(A) Shopping through a mobile app
(B) Ordering groceries from a website
(C) Buying vegetables at a weekly haat
(D) Booking an online class

Correct Answer: C

Explanation:

Buyers and sellers meet physically in a weekly haat.

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Question (12)

QN0024393

Which purchase is most suitable for an online market?

(A) Ordering a laptop using a shopping website
(B) Getting a haircut
(C) Buying vegetables from a roadside cart only
(D) Visiting a tailor for measurements

Correct Answer: A

Explanation:

Electronic goods are commonly purchased online.

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Question (13)

QN0024394

Which of the following services generally requires physical presence?

(A) Online tuition classes
(B) Streaming movies
(C) Tailoring with body measurements
(D) Paying bills online

Correct Answer: C

Explanation:

Tailoring usually requires in-person measurements.

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Question (14)

QN0024395

A market where goods and services are bought and sold within the geographical boundaries of a country is called

(A) international market.
(B) wholesale market.
(C) domestic market.
(D) online market.

Correct Answer: C

Explanation:

Domestic markets operate within one country.

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Question (15)

QN0024396

An Indian company sells tea to a buyer in another country. This is an example of

(A) domestic trade.
(B) international trade.
(C) retail trade.
(D) local trade.

Correct Answer: B

Explanation:

Selling goods across national boundaries is international trade.

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Question (16)

QN0024397

India purchases crude oil from another country. This activity is called

(A) export.
(B) import.
(C) retailing.
(D) manufacturing.

Correct Answer: B

Explanation:

Import means buying goods from another country.

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Question (17)

QN0024398

A wholesaler purchases 10,000 kg of wheat directly from farmers. What is the wholesaler's main role?

(A) Selling directly to households in small quantities
(B) Buying and storing goods in bulk before supplying retailers
(C) Manufacturing wheat
(D) Exporting wheat immediately

Correct Answer: B

Explanation:

Wholesalers buy large quantities and supply retailers.

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Question (18)

QN0024399

A grocery shop owner buys biscuits from a wholesaler and sells them packet by packet to customers. The grocery shop owner is a

(A) producer.
(B) retailer.
(C) exporter.
(D) manufacturer.

Correct Answer: B

Explanation:

Retailers sell goods directly to final consumers.

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Question (19)

QN0024400

Choose the correct order in which goods move in a physical market.

(A) Producer → Wholesaler → Retailer → Consumer
(B) Retailer → Producer → Consumer → Wholesaler
(C) Consumer → Producer → Retailer → Wholesaler
(D) Wholesaler → Consumer → Producer → Retailer

Correct Answer: A

Explanation:

Goods flow from producer to wholesaler, then retailer, and finally to the consumer.

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Question (20)

QN0024401

A company collects products from many sellers, stores them in warehouses and delivers them after customers order through its website. Such a business is called a

(A) retailer.
(B) aggregator.
(C) producer.
(D) exporter.

Correct Answer: B

Explanation:

An aggregator brings together products from multiple sellers on one platform.

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Question (11)

Which of the following is an example of a physical market?

Explanation:

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Question (12)

Which purchase is most suitable for an online market?

Explanation:

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Question (13)

Which of the following services generally requires physical presence?

Explanation:

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Question (14)

A market where goods and services are bought and sold within the geographical boundaries of a country is called

Explanation:

Link:

Question (15)

An Indian company sells tea to a buyer in another country. This is an example of

Explanation:

Link:

Question (16)

India purchases crude oil from another country. This activity is called

Explanation:

Link:

Question (17)

A wholesaler purchases 10,000 kg of wheat directly from farmers. What is the wholesaler's main role?

Explanation:

Link:

Question (18)

A grocery shop owner buys biscuits from a wholesaler and sells them packet by packet to customers. The grocery shop owner is a

Explanation:

Link:

Question (19)

Choose the correct order in which goods move in a physical market.

Explanation:

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Question (20)

A company collects products from many sellers, stores them in warehouses and delivers them after customers order through its website. Such a business is called a

Explanation:

Link:

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