Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Internal Trade

Question:

Match List – I with List – II.

LIST I

LIST II

 A. Peddlers

 I. Independent shops of a temporary nature & keep on changing their business

 B. Street traders

 II. Carry the products on a bicycle

 C. Cheap jacks

 III. Open shops at different places on fixed days

 D. Market traders

 IV.  Found at places where huge floating population gathers

Choose the correct answer from the options given below :

Options:

A-IV, B-III, C-I, D-II

A-I, B-III, C-IV, D-II

A-II, B-IV, C-I, D-III

A-III, B-I, C-II, D-IV

Correct Answer:

A-II, B-IV, C-I, D-III

Explanation:

The correct answer is option 3- A-II, B-IV, C-I, D-III.

LIST I

LIST II

 A. Peddlers

 II. Carry the products on a bicycle

 B. Street traders

 IV.  Found at places where huge floating population gathers

 C. Cheap jacks

 I. Independent shops of a temporary nature & keep on changing their business

 D. Market traders

 III. Open shops at different places on fixed days

The most common types of itinerant retailers operating in India are as below:

(i) Peddlers and hawkers: Peddlers and hawkers are probably amongst the oldest form of retailers in the market place who have not lost their utility even during the modern times. They are small producers or petty traders who carry the products on a bicycle, a hand cart, a cycle-rickshaw or on their heads, and move from place to place to sell their merchandise at the doorstep of the customers. They generally deal in non-standardised and low-value products such as toys, vegetables and fruits, fabrics, carpets, snacks and ice creams, etc. They are also found in streets of residential areas, places of exhibitions or meals, and outside schools, during a lunch break. The main advantage of this form of retailing is the provision of convenient service to the consumers. However, one should be careful in dealing with them, as the products they deal in are not always reliable in terms of quality and price.

(ii) Market traders: Market traders are the small retailers who open their shops at different places on fixed days or dates, such as every Saturday or alternate Saturdays, and so on. These traders may be dealing in one particular line of merchandise, say fabrics or ready-made garments, toys, or crockery, or alternatively, they may be general merchants. They are mainly catering to lower-income group of customers and deal in low-priced consumer items of daily use.

(iii) Street traders (pavement vendors): Street traders are the small retailers who are commonly found at places where huge floating population gathers, for example, near railway stations and bus stands, and sell consumer items of common use, such as stationery items, eatables, ready-made garments, newspapers and magazines. They are different from market traders in the sense that they do not change their place of business so frequently.

(iv) Cheap jacks: Cheap jacks are petty retailers who have independent shops of a temporary nature in a business locality. They keep on changing their business from one locality to another, depending upon the potentiality of the area. However, the change of place is not as frequent as in the case of hawkers or market traders. They deal in consumer items as well as services such as repair of watches, shoes, buckets etc.