NCERT · Class 11 · Business Studies · Internal TradeWhich of the following is a characteristic of internal trade?
Step-by-Step Solution
Payments for internal trade are generally made in the national currency, eliminating foreign exchange risks and complexities.
Detailed Options Breakdown
Option : Payments are made in foreign currency
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 1: Payments are made in national currency (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: It requires custom clearances
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 3: Goods are transported only by ships across oceans
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
💡 Study Guide: This question tests core syllabus concepts from Internal Trade. For formulas, key summaries, and mock exam reference guides, read the full Internal Trade Revision Notes.