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Tuesday, October 19, 2021

Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 22 Types of Trade Notes

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Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 22 Types of Trade Notes
Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download: Tamil Nadu STD 11th Commerce Chapter 22 Types of Trade Notes


Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download: Students of class can download the Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download from our website. We have uploaded the Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade notes according to the latest chapters present in the syllabus. Download Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Chapter Wise Notes PDF from the links provided in this article.


Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF Download

We bring to you specially curated Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF which have been prepared by our subject experts after carefully following the trend of the exam in the last few years. The notes will not only serve for revision purposes, but also will have several cuts and easy methods to go about a difficult problem.


Board

Tamilnadu Board

Study Material

Notes

Class

Samacheer Kalvi 11th Commerce

Subject

11th Commerce

Chapter

Chapter 22 Types of Trade

Format

PDF

Provider

Samacheer Kalvi Books

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Download Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Chapterwise Notes PDF

Students can download the Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF from the links provided in this article.


I. Choose the Correct Answer

Question 1.
The purchase of goods from a foreign country is called ………………..
a. Import
b. Export
c. Entrepot
d. Re-export
Answer:
a. Import

Question 2.
When goods are imported for the purpose of export it is called as …………..
a. Foreign Trade
b. Home Trade
c. Entrepot
d. Trade
Answer:
c. Entrepot

Question 3.
………………… acts as a connective link between the producer and the consumer.
a. Trade
b. Industry
c. Commerce
d. Business
answer:
a. Trade

Question 4.
The aim of home trade is ……………………
a. To raise the standard of living
b.To provide the essential goods and services economically
c. To raise the national income
d.To obtain all types of goods.
Answer:
b.To provide the essential goods and services economically

Question 5.
Internal trade can be classified into ……………… categories
a. Three
b. Four
c. Two
d. Five
Answer:
c. Two

II. Very Short Answer Questions

Question 1.
Give the meaning of Trade?
Answer:
The buying and selling of goods and services consist of trade. Trade is conducted in order to earn a profit.

Question 2.
What is Internal Trade?
Answer:
Buying and selling of goods and services within the boundaries of a nation are called internal trade. It takes place between buyers and sellers in the same locality, village, town or city or in different states, but definitely within the same country.

Question 3.
Mr.Vikram who runs a textile industry regularly procures cotton from Germany. Name the type of trade he is engaged in.
Answer:
This is Import trade because Mr. Vikram procures (purchases) cotton from Germany Import means buying of goods from a foreign country for domestic use.

Question 4.
When Vikram of India sells cotton shirts to Amal of England, what type of trade he is engaged in?
Answer:
It is called Export Trade.

Question 5.
How do you classify Trade?
Answer:
On the basis of the geographical location of buyers and sellers, trade can be broadly classified into two categories

  1. Internal trade
  2. External trade

Question 6.
What are the classifications of internal trade?
Answer:
Internal trade can be classified into Wholesale trade and Retail Trade.

Question 7.
What is import trade?
Answer:
Import trade means buying goods from a foreign country for domestic use.
Example. India imports petroleum products from Gulf Countries.

Question 8.
Explain the meaning of the Entrepot trade.
Answer:
Entrepot trade means importing goods from one country and exporting the same to foreign countries. It is also known as ‘Re-export trade’.

Question 9.
TVS is selling motorbikes in Europe. Under which type of trade can this be classified?
Answer:
TVS is selling motorbikes in Europe. This trade can be classified under Foreign trade.

Question 10.
What is the currency used in India in internal trade?
Answer:
The currency used in India for internal trade is RUPEE.

III. Short Answer Questions

Question 1.
What is the classification of Foreign trade?
Answer:
Types of Foreign Trade:

  1. Import Trade: Import trade means buying goods from a foreign country for domestic use.
  2. Export Trade: Export trade means the sale of domestic goods to foreign countries.
  3. Entrepot Trade: Entrepot trade means importing goods from one country and exporting the same to foreign countries.

Question 2.
Give two examples of Entrepot trade.
Answer:
Indian diamond merchants in Surat import uncut raw diamonds from South Africa. They cut and polish the diamonds in their units in India and re-export them to the International Diamond Market in Amsterdam. An Indian Company imports rubber from Thailand and exports it to Japan.

Question 3.
What do you mean by Export trade?
Answer:
Export trade means the sale of domestic goods to foreign countries. Export trade is necessary to sell domestic surplus goods, to make better utilization of resources, to earn foreign exchange, to increase national income, to generate employment, and to increase Government revenue.

Question 4.
What is Wholesale trade?
Answer:
“Purchase of goods in bulk from the manufacturers and selling them in smaller quantities to other intermediaries” is known as wholesale trade.

Question 5.
State the meaning of Retail trade.
Answer:
Retail trade deals with the distribution of goods in small quantities to consumers.

Question 6.
Name any three retail traders in your locality
Answer:
Sree Akshaya Traders, Hari Traders, and Thomas Traders. (Any three)

Question 7.
State the main aim of trade.
Answer:
The essence of trade is to make goods and services available to those persons who need them and are able and willing to pay for them. Trade is conducted in order to earn a profit.

IV. Long Answer Questions

Question 1.
What are the features of Internal trade?
Answer:

  1. The buying and selling of goods take place within the boundaries of the same country.
  2. Payment for goods and services is made in the currency of the home country.
  3. It involves transactions between the producers, consumers, and middlemen.
  4. It consists of a distribution network of middlemen and agencies engaged in an exchange of goods and services.
  5. In-home trade, the risk of transportation is very less when compared to foreign trade.
  6. In-home trade, the laws prevailing in that country only have to be followed.
  7. The aim of home trade is to provide goods and services economically.
  8. The goods must be a part of domestic production.
  9. Goods must be purchased from an individual or a firm established within a country.
  10. Goods can be delivered using locally available modes of transport.
  11. It does not involve any custom/import duty, but buyers need to pay the taxes to the Government.

Question 2.
Explain briefly the different types of Foreign trade?
Answer:
Meaning:
Foreign trade is a trade between a seller and buyer of different countries. It involves the exchange of goods and services of one country with another country.
Types of Foreign Trade
A. Import Trade:
Import trade means buying goods from a foreign country for domestic use. Example. India imports petroleum products from Gulf Countries. India imports machinery, equipment, materials, etc. It is necessary to speed-up industrialization, meet consumer demands, and improve the standard of living.

B. Export Trade:
Export trade means the sale of domestic goods to foreign countries.

Examples:

  1. Export of Iron ore from India to Japan
  2. Selling of Tea from India to England.
  3. Export of jasmine flowers from Madurai to Singapore.

11th Commerce Guide Types of Trade Additional Important Questions and Answers

I. Choose the Correct Answer :

Question 1.
……………… trade is a trade between a seller and buyer of different countries.
(a) Foreign
(b) Export
(c) Entrepot
(d) Home
Answer:
(a) Foreign

Question 2.
The internal trade is also called…………….
a. Wholesale Trade
b. Retail Trade
c. Entrepot Trade
d. Home Trade
Answer:
d. Home Trade

Question 3.
Selling of Tea from India to England – What type of trade is this?
Answer:
(a) Export
(b) Import
(c) Entrepot
(d) Home
Answer:
(a) Export

Question 4.
India imports petroleum products from Gulf countries. This is the example for ………………….
a. Wholesale Trade
b. Retail Trade
c. Entrepot Trade
d. Import Trade
Answer:
d. Import Trade

Question 5.
Hero pens produced in China and sold in India is an example for ……………… trade.
(a) Foreign
(b) Home
(c) Export
(d) Entrepot
Answer:
(a) Foreign

II. Very Short Answer Questions:

Question 1.
Where does Internal Trade take place?
Answer:
Internal takes place between the buyers and sellers in the same locality, village, town, or city or in different states but with the same country.

III. Short Answer Questions:

Question 1.
Write a short note on Entrepot Trade:
Entrepot trade means importing goods from one country and exporting the same to foreign countries. It is also known as ‘Re-export trade’.

E.g. Indian diamond merchants in Surat import uncut raw diamonds from South Africa. They cut and polish the diamonds in their units in India and re-export them to the International Diamond Market in Amsterdam.

IV. Long Answer Questions
Question 1.
Explain the types of Internal Trade
Answer:
Home trade consists of two main subdivisions namely

  1. Wholesale trade: “Purchase of goods in bulk from the manufacturers and selling them in smaller quantities .to other intermediaries” is known as wholesale trade.
  2. Retail Trade: Retail trade deals with the distribution of goods in small quantities to consumers.

How to Prepare using Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF?

Students must prepare for the upcoming exams from Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes PDF by following certain essential steps which are provided below.


  • Use Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade notes by paying attention to facts and ideas.
  • Pay attention to the important topics
  • Refer TN Board books as well as the books recommended.
  • Correctly follow the notes to reduce the number of questions being answered in the exam incorrectly
  • Highlight and explain the concepts in details.


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How to use Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade Notes for preparation??

Read TN Board thoroughly, make separate notes for points you forget, formulae, reactions, diagrams. Highlight important points in the book itself and make use of the space provided in the margin to jot down other important points on the same topic from different sources.

How to make notes for Samacheer Kalvi 11th Commerce Chapter 22 Types of Trade exam?

Read from hand-made notes prepared after understanding concepts, refrain from replicating from the textbook. Use highlighters for important points. Revise from these notes regularly and formulate your own tricks, shortcuts and mnemonics, mappings etc.
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