True Or False.[1 Marks Each]

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10 questions · timed · auto-graded

Question 11 Mark

The government sets MSP to protect farmers.

Answer

True

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Question 21 Mark

Wholesalers deal directly with final consumers.

Answer

False

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Question 31 Mark

The barter system is still widely used for trade today.

Answer

False

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Question 41 Mark

The government plays no role in controlling prices in a market.

Answer

False

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Question 51 Mark

Online shopping is an example of a virtual market.

Answer

True

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Question 61 Mark

ISI certification is mandatory for food products.

Answer

False

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Question 71 Mark

Retailers sell goods directly to consumers.

Answer

True

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Question 81 Mark

The supply of goods has no effect on market price.

Answer

False

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Question 91 Mark

Adam Smith is considered the “Father of Modem Economics.”

Answer

True

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Question 101 Mark

Markets exist only in physical locations.

Answer

False

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True Or False.[1 Marks Each] - Social Studies STD 7 Questions - Vidyadip

Social Studies True Or False.[1 Marks Each]

True Or False.[1 Marks Each]

Test yourself on this topic