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Question (21)

QN0024402

Which of the following is an example of export?

(A) India buys palm oil from Malaysia.
(B) India sells engineering goods to another country.
(C) A retailer buys goods from a wholesaler.
(D) A customer buys vegetables from a local market.

Correct Answer: B

Explanation:

Export means selling goods to another country.

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Question (22)

QN0024403

A retailer runs out of cooking oil during a festival season. From whom is the retailer most likely to purchase more stock?

(A) Consumers
(B) Wholesalers
(C) Tourists
(D) Banks

Correct Answer: B

Explanation:

Retailers usually purchase goods from wholesalers.

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Question (23)

QN0024404

Which facility helps preserve vegetables and fruits for a longer period before they reach retailers?

(A) Classroom
(B) Cold storage
(C) Railway station
(D) Shopping mall

Correct Answer: B

Explanation:

Cold storage keeps perishable goods fresh.

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Question (24)

QN0024405

Why do wholesalers usually buy goods directly from producers in large quantities?

(A) To consume all the goods themselves
(B) To distribute goods efficiently to retailers
(C) To avoid selling the goods later
(D) To reduce the number of consumers

Correct Answer: B

Explanation:

Wholesalers act as a link between producers and retailers.

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Question (25)

QN0024406

A manufacturer sells 5,000 shirts to a wholesaler instead of selling them one by one to customers. What is the biggest advantage of this arrangement?

(A) Production stops immediately.
(B) Goods reach many retailers quickly.
(C) Prices become fixed forever.
(D) Consumers no longer need retailers.

Correct Answer: B

Explanation:

Wholesalers help distribute goods widely.

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Question (26)

QN0024407

A customer orders a mobile phone through a shopping app. Which sequence correctly describes the online supply chain?

(A) Consumer → Warehouse → Manufacturer → Aggregator
(B) Manufacturer → Aggregator's warehouse → Consumer
(C) Retailer → Producer → Consumer
(D) Producer → Consumer → Aggregator

Correct Answer: B

Explanation:

Products are sent to the aggregator's warehouse and then delivered to consumers.

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Question (27)

QN0024408

Which participant mainly bridges the gap when wholesalers find it difficult to supply retailers because of distance or terrain?

(A) Consumer
(B) Distributor
(C) Farmer
(D) Advertiser

Correct Answer: B

Explanation:

Distributors help move goods between wholesalers and retailers.

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Question (28)

QN0024409

A farmer harvests a large quantity of onions. Which buyer is most likely to purchase the produce directly in bulk?

(A) School student
(B) Wholesaler
(C) Final consumer
(D) Tourist

Correct Answer: B

Explanation:

Wholesalers purchase directly from producers in large quantities.

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Question (29)

QN0024410

A customer wants to compare prices of the same television sold by different sellers on one website. Which feature of an aggregator makes this possible?

(A) It manufactures televisions.
(B) It combines products from multiple sellers on one platform.
(C) It exports televisions.
(D) It owns all television factories.

Correct Answer: B

Explanation:

Aggregators bring together many sellers.

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Question (30)

QN0024411

Which type of market allows buyers and sellers to complete transactions even when they are thousands of kilometres apart?

(A) Weekly market
(B) Physical market
(C) Online market
(D) Wholesale mandi

Correct Answer: C

Explanation:

Online markets remove the need for physical presence.

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Question (21)

Which of the following is an example of export?

Explanation:

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Question (22)

A retailer runs out of cooking oil during a festival season. From whom is the retailer most likely to purchase more stock?

Explanation:

Link:

Question (23)

Which facility helps preserve vegetables and fruits for a longer period before they reach retailers?

Explanation:

Link:

Question (24)

Why do wholesalers usually buy goods directly from producers in large quantities?

Explanation:

Link:

Question (25)

A manufacturer sells 5,000 shirts to a wholesaler instead of selling them one by one to customers. What is the biggest advantage of this arrangement?

Explanation:

Link:

Question (26)

A customer orders a mobile phone through a shopping app. Which sequence correctly describes the online supply chain?

Explanation:

Link:

Question (27)

Which participant mainly bridges the gap when wholesalers find it difficult to supply retailers because of distance or terrain?

Explanation:

Link:

Question (28)

A farmer harvests a large quantity of onions. Which buyer is most likely to purchase the produce directly in bulk?

Explanation:

Link:

Question (29)

A customer wants to compare prices of the same television sold by different sellers on one website. Which feature of an aggregator makes this possible?

Explanation:

Link:

Question (30)

Which type of market allows buyers and sellers to complete transactions even when they are thousands of kilometres apart?

Explanation:

Link:

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