Business Studies

Internal Trade

Question:

Mention different types of Chambers of Commerce in India. Explain any one.

Answer:

In India, Chambers of Commerce have been organised at both regional and national levels.
1. Regional Chambers of Commerce

  • Indian Chamber of Commerce (Kolkata)
  • Bengal Chamber of Commerce (Kolkata)
  • Indian Merchants Chamber (Mupabai)
  • Mewari Chamber of Commerce (Mumbai)
  • Madras Chamber of Commerce (Chennai)
  • Punjab, Haryana and Delhi Chambers of Commerce (New Delhi).

2. National Chambers of Commerce

  • Federation of Indian Chambers of Commerce and Industry (FICCI)
  • Confederation of Indian Industry (CII)
  • Associated Chambers of Commerce and Industry (ASSOCHAM)
  • All India Organizations of Employers (AIOE)

FICCI:
The Federation of Indian Chambers of Commerce and Industry (FICCI) was established in 1926 in New Delhi. It acts as an apex central body of businessmen in India. It consists of both individual and corporate members.
Its membership consists of 50 chambers of commerce and trade associations, 200 overseas members, and 1500 associate members. Its management is vested in an executive committee. FICCI acts as a representative body of Indian business. It is a non-government, not-for-profit organization. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs. The chamber has an indirect membership of over 2, 50,000 companies from various regional Chambers of Commerce. It is involved in sector specific business policy consensus building, and business promotion and networking. It is headquartered in the national capital New Delhi and has presence in 11 states in India and 8 countries across the world.

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Internal Trade

Q 1.

Mention different types of Chambers of Commerce in India. Explain any one.

Q 2.

Explain important terms used in context of internal trade.

Q 3.

Used goods are bought and sold in which type of shops.

Q 4.

Describe the role and functions of the Chamber of Commerce.

Q 5.

Enumerate the services of the wholesaler to manufacturer and some general services.

Q 6.

What difficulties will be faced by the consumers if retailers are eliminated from the chain?

Q 7.

How does market information provided by wholesalers benefit the manufacturers?

Q 8.

Explain the services of a wholesaler to a retailer, consumer and general services.

Q 9.

Name the retail outlets that sell merchandise through mail.

Q 10.

Explain different types of fixed shops under retail trade.

Q 11.

Enumerate the features of retail trade.

Q 12.

What purpose is served by wholesalers providing warehousing facilities?

Q 13.

Large quantity buying is characteristic of which trade?

Q 14.

Explain the meaning, features, advantages and disadvantages of super market.

Q 15.

Explain the services offered by the wholesalers to the manufacturers.

Q 16.

What is a departmental store?

Q 17.

Goods with little defects are sold in which type of shops?

Q 18.

What is meant by internal trade?

Q 19.

What do you mean by internal trade?

Q 20.

Name the retail organization where same types of commodities are sold at uniform prices located all over the country.

Q 21.

Who are Itinerants?

Q 22.

In which business are goods bought and sold through postal services?

Q 23.

What type of goods are suitable for Automatic vending machines?

Q 24.

Name any two Itinerants.

Q 25.

What are the services offered by retailers to wholesalers and consumers?

Q 26.

Discuss advantages and disadvantages of Mail Oraer House.

Q 27.

Itinerant traders have been an integral part of internal trade in India. Analyse the reasons for their survival in spite of competition from large scale retailers.

Q 28.

What difficulties can a consumer face if there is no retail shop?

Q 29.

Name the machine in which goods are bought and sold by inserting coins.

Q 30.

Give the full form of FICCI.

Q 31.

What are the differences between departmental stores and multiple shops?

Q 32.

How do the wholesalers help the manufacturer in availing the economies of scale?

Q 33.

Give any two services of retailer to the customers.

Q 34.

"The chambers interact with the government at different levels to reorient or put in place policies which reduce trade hindrances."Comment.

Q 35.

What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?

Q 36.

Write a short note on Vending Machines.

Q 37.

What is meant by Automatic vending machines?

Q 38.

Mention and define the documents which are used in internal trade.

Q 39.

Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?

Q 40.

Discuss the meaning, features and advantages of Consumer Cooperative Store.

Q 41.

Explain the meaning and advantages of carrying on mail order business.

Q 42.

Give one example of chain stores.

Q 43.

Name and define different large scale retail shops.

Q 44.

How would you differentiate between street traders and street shops?

Q 45.

Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?

Q 46.

What is the difference between a hawker and a peddler?

Q 47.

Name any two departmental stores.

Q 48.

Who are itinerants? Name different types of itinerants.

Q 49.

Specify the characteristics of fixed shop retailers.

Q 50.

Explain different types of small scale retail shops.