This quiz works best with JavaScript enabled. Home > Cbse > Class 7 > Civics > Markets Around Us > Class 7 Civics Chapter 7 Markets Around Us – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a series of markets that is connected like links in a chain because products ' pass from one market to another? A) Chain of market. B) Wholesale market. C) Weekly market. D) Shopping malls. Show Answer Correct Answer: A) Chain of market. 2. We have temporary and permanent shops in our neighbourhood. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. In case of ..... , the seller sells similar quantities to different buyers at different prices. A) Flexible price. B) Fixed price. C) Customer. D) None of these. Show Answer Correct Answer: A) Flexible price. 4. What type of items are mostly sold in the malls? A) Branded. B) Unbranded. C) Cheap. D) All of these. Show Answer Correct Answer: A) Branded. 5. According to the chapter, what is the role of wholesale traders in the chain of markets? A) Setting up permanent shops. B) Supplying goods to retailers. C) Promoting products through advertising. D) Direct selling to consumers. Show Answer Correct Answer: B) Supplying goods to retailers. 6. How do sales representatives in clinics and nursing homes engage in selling goods? A) Waiting for doctors. B) Door-to-door sales. C) Participating in auctions. D) Through the Internet. Show Answer Correct Answer: A) Waiting for doctors. 7. Assertion (A):Weekly markets are important for small traders.Reason (R):Weekly markets allow small traders to sell their goods without paying high shop rents. A) Both A and R are true, and R explains A. B) Both A and R are true, but R does not explain A. C) A is true, but R is false. D) A is false, but R is true. Show Answer Correct Answer: A) Both A and R are true, and R explains A. 8. Unique initiative of e-chaupal was taken by: A) BOSCH. B) ITC. C) SONY. D) None of the above. Show Answer Correct Answer: B) ITC. 9. Super markets are ..... in size than department stores. A) Larger. B) Cheaper. C) Shorter. D) Costlier. Show Answer Correct Answer: A) Larger. 10. Which of these are NOT features of weekly markets? A) Products are available at cheaper rate. B) Family members are involve in this type of market. C) Weekly markets are held once a week, on a specified day, at a fixed location. D) They are permanent shops. Show Answer Correct Answer: D) They are permanent shops. 11. A weekly market gets its name as- A) It is held on Sundays. B) It held fortnightly. C) It is held weekly. D) It is held on Mondays. Show Answer Correct Answer: C) It is held weekly. 12. Who is Raghu and what does he do for a living? A) A factory worker. B) A vegetable producing farmer. C) A wholesale trader. D) A textile mill owner. Show Answer Correct Answer: B) A vegetable producing farmer. 13. In India, most farmers practise ..... farming. A) Terrace. B) Cotton. C) Subsistence. D) None of the above. Show Answer Correct Answer: C) Subsistence. 14. The increasing number of supermarkets in the cities is not good for ..... A) Owner of supermarket. B) Smaller shop owners. C) Customer. D) None of the above. Show Answer Correct Answer: B) Smaller shop owners. 15. Which of the following is NOT a type of physical market mentioned in the text? A) Local markets. B) National markets. C) Regional markets. D) Global markets. Show Answer Correct Answer: D) Global markets. 16. What is the primary reason for the unequal earnings of shop owners in different markets? A) Their business strategy. B) Their access to credit facilities. C) The size of the market. D) The location of the market. Show Answer Correct Answer: A) Their business strategy. 17. WHO IS THE FIRST LINK IN THE CHAIN OF MARKETS? A) MANUFACTURER. B) CONSUMER. C) BUYER. D) RETAILER. Show Answer Correct Answer: A) MANUFACTURER. 18. How does the text describe the shops in a weekly market? A) Permanent and spacious buildings. B) Temporary setups with no permanent shops. C) Limited variety of goods available. D) Highly automated with modern technology. Show Answer Correct Answer: B) Temporary setups with no permanent shops. 19. Why do people go to Weekly Markets? A) Products are cheaper. B) Bargaining can be done. C) It's not very far from people's houses so they can spend less time travelling. D) All of these. Show Answer Correct Answer: D) All of these. 20. What is the Manchester of north India? A) Kolkata. B) Kanpur. C) Jaipur. D) Delhi. Show Answer Correct Answer: B) Kanpur. 21. How do government regulations impact markets? A) Government regulations have no impact on markets. B) Government regulations can impact markets by influencing the behavior of businesses, consumers, and investors through rules and restrictions. C) Government regulations only benefit businesses and not consumers. D) Government regulations always lead to market instability. Show Answer Correct Answer: B) Government regulations can impact markets by influencing the behavior of businesses, consumers, and investors through rules and restrictions. 22. Which of the following factor does not influence the access of people to the market? A) Proximity. B) Availability of Goods and Services:. C) Name of the market. D) Quality of Products. Show Answer Correct Answer: C) Name of the market. 23. 1 ..... is a medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange. A) Import. B) Export. C) Market. D) All of these. Show Answer Correct Answer: C) Market. 24. A ..... buys good in bulk from manufacturers A) Wholesaler. B) Retailer. C) Wholsaler. D) Arhatia. Show Answer Correct Answer: A) Wholesaler. 25. E-chaupal was launched in: A) 2000. B) 2002. C) 1999. D) None of the above. Show Answer Correct Answer: A) 2000. 26. The roadside hawkers sell A) Vegetables. B) Fruits. C) Plastic items. D) All of these. Show Answer Correct Answer: D) All of these. 27. We can purchase goods through which of the following means other than markets: A) Internet. B) Phone. C) None of these. D) Both of these. Show Answer Correct Answer: D) Both of these. 28. (Question from shirt in the market) In a ..... people with common interests come together and work for their mutual benefit. A) Cooperative. B) Wholesale. C) Mall. D) Factory. Show Answer Correct Answer: A) Cooperative. 29. Persons who buy the goods from a wholesaler and sell it to consumers for their use A) Producer. B) Consumer. C) Retailer. D) Trader. Show Answer Correct Answer: C) Retailer. 30. The type of items sold in the malls are A) Branded. B) Non branded, but expensive. C) Branded and expensive. D) All. Show Answer Correct Answer: B) Non branded, but expensive. 31. What is a market? A) A place where we buy medicines. B) A place to popularize products. C) A place where goods and services are exchanged for a price. D) None of the above. Show Answer Correct Answer: C) A place where goods and services are exchanged for a price. 32. The ITC Ltd. has established ..... in villages through whom the farmers can have intormation about market Prices of grains, vegetables, etc. A) E-chapals. B) Rice Mills. C) Panchayats. D) Agricultural Produce Marketing Committee. Show Answer Correct Answer: A) E-chapals. 33. What kind of goods are often sold through online platforms? A) Medical supplies. B) Final products. C) Raw materials. D) Consumable goods. Show Answer Correct Answer: B) Final products. 34. According to the text, what is the term used to describe small-sized paintings done on cloth or paper? A) Portraits. B) Miniatures. C) Frescoes. D) Murals. Show Answer Correct Answer: B) Miniatures. 35. According to the text, why can people bargain for cheaper rates in weekly markets? A) Because the shops are permanent. B) Because there are fewer customers. C) Because the same goods are available in all shops. D) Because the government controls the prices. Show Answer Correct Answer: C) Because the same goods are available in all shops. 36. From where can we buy the medicines? A) Groceries. B) Chemist shop. C) Weekly market. D) Dairy. Show Answer Correct Answer: B) Chemist shop. 37. Types of markets are: A) Retail markets and wholesale markets. B) Producers, consumers, traders. C) Vendors, general stores. D) None of the above. Show Answer Correct Answer: A) Retail markets and wholesale markets. 38. How does the inequality in markets impact both buyers and sellers? A) Stable pricing. B) Uniform opportunities. C) Reduced competition. D) Varied income levels. Show Answer Correct Answer: D) Varied income levels. 39. A place where we buy and sell the goods is called ..... A) Park. B) School. C) Market. D) Hotel. Show Answer Correct Answer: C) Market. 40. What is the role of supply and demand in a market? A) To determine the color of the goods and services. B) To decide the weather in the market. C) To determine the price and quantity of goods and services exchanged. D) To calculate the distance between buyers and sellers. Show Answer Correct Answer: C) To determine the price and quantity of goods and services exchanged. 41. The traders who buy huge quantity of goods from the producers are known as ..... traders. A) Wholesale. B) Retail. C) Supply. D) None of the above. Show Answer Correct Answer: A) Wholesale. 42. What is the main aim of the Consumer Protection Act 2019? A) To increase prices. B) To protect businesses. C) To provide timely and effective administration and settlement of consumer disputes. D) To eliminate all markets. Show Answer Correct Answer: C) To provide timely and effective administration and settlement of consumer disputes. 43. Weekly markets have permanent shops. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 44. Why do fewer people afford to buy branded goods, according to the chapter on advertising? A) High quality of branded goods. B) Lower prices of branded goods. C) Promotion through advertising. D) Claims of better quality. Show Answer Correct Answer: D) Claims of better quality. 45. The process of trading, goods or services, for other products, goods or services is called A) TRANSACTION. B) BARTER. C) BUYING AND SELLING. D) MARKETING. Show Answer Correct Answer: B) BARTER. 46. Which of the following is a type of retail market where goods are sold over the internet, and customers can make purchases using a computer or mobile device? A) Online market. B) Supermarket. C) Specialty market. D) Department store. Show Answer Correct Answer: A) Online market. 47. A weekly market trader earns little compared to regular shopkeeper. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 48. Which of the following is a characteristic of a weekly market? A) Shops are permanent and open daily. B) Prices are usually fixed and non-negotiable. C) Traders set up temporary stalls only on specific days. D) Only branded goods are sold. Show Answer Correct Answer: C) Traders set up temporary stalls only on specific days. 49. Which among these help you purchase goods without moving out of home? A) E-commerce. B) E-banking. C) Weekly markets. D) None of the above. Show Answer Correct Answer: A) E-commerce. 50. In the story of Sameer, why are clothes in weekly markets more affordable? A) Lower quality materials. B) Smaller profit margins. C) Limited choices for buyers. D) Higher demand. Show Answer Correct Answer: B) Smaller profit margins. 51. Which of the following has elevators A) Weekly market. B) Shops in the neighborhood. C) Malls and shopping complex. D) None of the above. Show Answer Correct Answer: C) Malls and shopping complex. 52. Advantage of wholesale markets A) Not good for business men. B) Loss of money. C) Difficult to carry. D) We can bargain. Show Answer Correct Answer: D) We can bargain. 53. ..... establishes the link between producers and traders. A) Market. B) Marketing. C) Mall. D) None of these. Show Answer Correct Answer: B) Marketing. 54. Markets create job oppurtunities but also creates equality.True/False A) Faithful. B) True/False. C) True. D) False. Show Answer Correct Answer: D) False. 55. Bata shoe store is an example of A) Shopping Malls. B) Chain or Multiple Shops. C) Departmental Stores. D) General Shop. Show Answer Correct Answer: B) Chain or Multiple Shops. 56. According to the text, how did the Bengali language evolve? A) Development from Sanskrit through various stages. B) Unchanged since ancient times. C) Under the influence of Persian invaders. D) Origin from Dravidian languages. Show Answer Correct Answer: A) Development from Sanskrit through various stages. 57. The local farmer who operates the computer on behalf of ITC are known as: A) Operator. B) Arhatias. C) Dallas. D) None of the above. Show Answer Correct Answer: A) Operator. 58. Who are traders? A) People between retailer and consumer. B) People between producer and wholesaler. C) People between wholesaler and retailer. D) None of these. Show Answer Correct Answer: C) People between wholesaler and retailer. 59. Kolkata is an important port on the river ..... A) Son. B) Brahmaputra. C) Hooghly. D) Indus. Show Answer Correct Answer: C) Hooghly. 60. Which of the following is NOT mentioned as a consumer right in the text? A) Right to seek redressal against unfair trade practices. B) Right to be protected against hazardous goods. C) Right to free products. D) Right to be informed about product quality. Show Answer Correct Answer: C) Right to free products. ← PreviousNext →Related QuizzesCivics QuizzesClass 7 QuizzesClass 7 Civics Chapter 7 Markets Around Us Quiz 1Class 7 Civics Chapter 7 Markets Around Us Quiz 3Class 7 Civics Chapter 7 Markets Around Us Quiz 4Class 7 Civics Chapter 7 Markets Around Us Quiz 5Class 7 Civics Chapter 7 Markets Around Us Quiz 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books