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Civics Ch - 7 Markets Around Us Social Studies - Civics Ch - 7 Markets Around Us

CBSE - STD 7 - Social Studies (CBSE - English Medium). 82 questions in this chapter.

Question types

Civics Ch - 7 Markets Around Us question types

82 questions across 9 question groups — pick any mix to generate a Social Studies paper with step-by-step answer keys.

82
Questions
9
Question groups
5
Question types
Sample Questions

Civics Ch - 7 Markets Around Us questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ (1 Mark)1 Mark
Why less number of people can purchase branded products?
  • A
    These products are sold by street vendors.
  • ✓
    These products are very costly.
  • C
    These products one sold in showrooms.
  • D
    These products are promoted by celebrities,

Answer: B.

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Q 2MCQ (1 Mark)1 Mark
Market that caters to the immediate needs of the people in an area is called
  • A
    super market
  • ✓
    neighbourhood market
  • C
    shopping mall
  • D
    weekly market

Answer: B.

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Q 3MCQ (1 Mark)1 Mark
Choose the incorrect statement(s) from the following.
I. The trader who finally sells goods to the consumer is the retailer.
II. Wholesale markets are the place where goods reached first and then supplied to other traders.
III. There are some markets that we may not be aware of.
  • A
    I, II and III
  • B
    Only III
  • C
    I and III
  • ✓
    None of these

Answer: D.

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Q 4MCQ (1 Mark)1 Mark
Choose the correct statement(s) from the following.
I. Many things in weekly markets are at higher rates.
II. In urban markets, both branded and non-branded goods are alvailable.
III. Wholesale trader buys goods in large quantities.
  • A
    I and II
  • ✓
    II and III
  • C
    I, II and III
  • D
    None of these

Answer: B.

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Q 5MCQ (1 Mark)1 Mark
Identify the correct option which describes the type of market given below.
I. They establish their shops next day somewhere else.
II. These market face competition as there are many shops of same kind.
III. They do not have permanent buildings where they pay rent.
  • A
    Neighbourhood market
  • ✓
    Weekly market
  • C
    Malls
  • D
    Online market

Answer: B.

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Q 6Assertion and Reason (1 Mark)1 Mark
Assertion (A) The final consumer is the one who buys goods in large quantities from wholesalers.
Reason (R) Retailers play a minimal role in the distribution of goods.
  • A
    Both A and R are true and R is the correct explanation of A
  • B
    Both A and R are true, but R is not the correct explanation of A
  • C
    A is true, but R is false
  • ✓
    A is false, but R is true

Answer: D.

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Q 7Assertion and Reason (1 Mark)1 Mark
Assertion (A) Weekly markets are held on a specific day of the week.
Reason (R) Weekly markets do not have permanent shops and traders set up shops for the day.
  • ✓
    Both A and R are true and R is the correct explanation of A
  • B
    Both A and R are true, but R is not the correct explanation of A
  • C
    A is true, but R is false
  • D
    A is false, but R is true

Answer: A.

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Q 26VSQ (2 Marks)2 Marks
Maya, a regular customer in the neighbourhood market, goes to her local grocery store to buy essential items. Due to unforeseen circumstances, Maya realises that she doesn't have enough cash with her. The kind shopkeeper, Mr. Sharma, knows Maya well and understands her situation. Instead of turning her away, he allows Maya to take the groceries she needs and promises to pay the amount later when she has the money.
(i) What is pay on credit?
(ii) How might this practice of pay on credit impact the relationship between the shopkeeper and the customer in the long run?
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Q 33LONG ANS. QUESTIONS(5 Mark)5 Marks
An economic advisor to a business man is making report on market chain to understand business in better way. Discuss the key point that should be mentioned to under the chain of market.
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Q 35LONG ANS. QUESTIONS(5 Mark)5 Marks
Sunita is a wholesale rice distributor in her town. Her business day begins early at the local grain market. Around 4 am, trucks loaded with bags of rice from various rice mills start arriving. The market comes alive with the hustle and bustle of buyers and sellers. Sunita takes part in the bidding process, deciding on the rice varieties and quantities she wants to purchase. After winning the bids, she stores the rice in her warehouse within the market.
Around 7 am, local grocery stores and restaurant owners come to the market to purchase rice for their businesses. They need to make their purchases early so that they can open their shops and restaurants by 9 am.
Why is a wholesale trader necessary? ### How does a wholesale trader contribute to the overall economy of a region?
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Q 37CASE BASED QUESTIONS(4 Mark)4 Marks
Read the passage given below and answer the question that follows.
The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. For example, the vegetable wholesale trader will not buy a few kilos of vegetables, but will buy in large lots of 25 to 100 kilos. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach far away places. The trader who finally sells this to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighbourhood or a shop in a shopping complex.
(i) What is stored in a godown?
(a) Small quantities of goods $\quad$(b) Goods for selling there $\quad$
(c) Consumer goods to stock $\quad$ (d) Vegetables
(ii) Where do city wholesale traders typically purchase goods from?
(a) From retailer $\quad$ (b) From consumer $\quad$
(c) From smaller traders $\quad$ (d) From factory
(iii) Who is the final link in the chain of markets before goods reach the consumer?
(a) Producers $\quad$ (b) Wholesale traders $\quad$ (c) Retailers $\quad$ (d) Hawkers
(iv) Which term is used to purchase goods through Internet?
(a) Online shopping $\quad$ (b) Mall shopping $\quad$ (c) Retailing $\quad$ (d) Trading
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