This quiz works best with JavaScript enabled. Home > Cbse > Class 7 > Civics > Markets Around Us > Class 7 Civics Chapter 7 Markets Around Us – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... leads to the economic development. A) High market prices. B) Fixed prices. C) Innovation. D) Control on export. Show Answer Correct Answer: C) Innovation. 2. Which of these is an advantage of weekly markets mentioned in the text? A) They are open every day. B) They offer only branded goods. C) Most things are available at one place. D) They are always air-conditioned. Show Answer Correct Answer: C) Most things are available at one place. 3. ..... travel from place to place to sell their goods. A) Wholesaler. B) Vendors. C) Hawkers. D) Hawkers or vendors. Show Answer Correct Answer: D) Hawkers or vendors. 4. What is an enclosed shopping space having shops, restaurants and cinema theatres? A) Mall. B) Local market. C) Weekly market. D) None of these. Show Answer Correct Answer: A) Mall. 5. Shops which deal in the sale of a particular kind of product are known as: A) Malls. B) Departmental stores. C) General stores. D) Speciality stores. Show Answer Correct Answer: D) Speciality stores. 6. What is the money consideration which is paid in return to use a brand logo or name in own business with same maintenance and standards? A) Goodwill. B) Lease. C) Both. D) None. Show Answer Correct Answer: A) Goodwill. 7. At the mandi ..... does not sell his yield directly A) The wholesaler. B) The weaver. C) The farm. D) The farmer. Show Answer Correct Answer: D) The farmer. 8. The products sold in shopping malls are cheaper than weekly market. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. According to the chapter, what is the role of Aftab, the wholesaler, in the market chain? A) Selling directly to consumers. B) Setting up permanent shops in the market. C) Participating in auctions and buying in bulk. D) Supplying goods to factories. Show Answer Correct Answer: C) Participating in auctions and buying in bulk. 10. Which is the correct order in the chain of markets? A) Wholesaler-consumer-retailer-producer. B) Retail-consumer-producer-wholesaler. C) Producer-retailer-wholesaler-consumer. D) Producer-wholesaler-retailer-consumer. Show Answer Correct Answer: D) Producer-wholesaler-retailer-consumer. 11. Why do roadside hawkers sell less expensive goods than permanent shops? A) Roadside hawkers hire workers to do work for them. B) Permanent shops have to pay rent, taxes and electricity bills. C) Roadside hawkers have to pay electricity fees and other fees. D) None of the above. Show Answer Correct Answer: B) Permanent shops have to pay rent, taxes and electricity bills. 12. How is the term "online purchases" defined in the chapter? A) Transactions conducted only through credit cards. B) Transactions made through the Internet. C) Transactions that require physical presence in markets. D) Transactions involving small-sized paintings. Show Answer Correct Answer: B) Transactions made through the Internet. 13. A trader who finally sells the product to a customer is known as? A) Wholesale trader. B) Retail trader. C) Discount trader. D) None of the above. Show Answer Correct Answer: B) Retail trader. 14. Choose the correct feature of shopkeeper- A) Permanent and definite place. B) Selling expensive goods. C) Getting more projects. D) All of the above. Show Answer Correct Answer: A) Permanent and definite place. 15. Multi-Storied Air Conditioned Buildings are known as A) Mall. B) Shopping Complex. C) Weekly Market. D) All of These. Show Answer Correct Answer: A) Mall. 16. What is e-commerce? A) A type of physical market. B) A business platform for buying and selling over the internet. C) A government-run market. D) A weekly market. Show Answer Correct Answer: B) A business platform for buying and selling over the internet. 17. In the weekly market, why do most shop owners not need to hire workers? A) They prefer to work alone. B) They can't afford to pay wages. C) They have automated their shops. D) They are helped by family members. Show Answer Correct Answer: D) They are helped by family members. 18. A person who buys products or services for a price and use it A) Consumer. B) Trader. C) Producer. D) Retailer. Show Answer Correct Answer: A) Consumer. 19. Amar colony for furniture in New Delhi is an example of ..... A) Speciality markets. B) Speciality stores. C) Franchise outlets. D) Wholesale market. Show Answer Correct Answer: A) Speciality markets. 20. According to the text, what is one of the advantages of weekly markets during festivals? A) Limited choices for buyers. B) Higher prices due to increased demand. C) Good business for traders like Sameer. D) Decreased competition among shops. Show Answer Correct Answer: C) Good business for traders like Sameer. 21. In the context of the story, what distinguishes the shop owners in weekly markets and shopping complexes? A) Advertising strategies. B) Product variety. C) Physical appearance. D) Profit margins. Show Answer Correct Answer: D) Profit margins. 22. What are the ethical considerations in market transactions? A) Ethical considerations in market transactions include honesty, transparency, fairness, and respect for all parties involved. B) Unfair advantage, dishonesty, and disrespect. C) Deception, manipulation, and exploitation. D) Lack of transparency, bias, and discrimination. Show Answer Correct Answer: A) Ethical considerations in market transactions include honesty, transparency, fairness, and respect for all parties involved. 23. Marketing establishes a link between producers and consumers through A) Consumption. B) Markets. C) Traders. D) Products. Show Answer Correct Answer: C) Traders. 24. When an item on distributed from another place A) Trade markets. B) Exporting. C) Importing. D) Physical markets. Show Answer Correct Answer: C) Importing. 25. Where is the wholesaling vegetable market in Delhi? A) (a) Azadmarket. B) (b) Azadpur. C) (C) Azad Nagar. D) None of the above. Show Answer Correct Answer: B) (b) Azadpur. 26. Credit is usually allowed in ..... A) Shopping malls. B) Weekly markets. C) Neighbourhood shops. D) None of the above. Show Answer Correct Answer: C) Neighbourhood shops. 27. Weekly markets have ..... shops A) Temporary. B) Permanent. C) Big. D) None of the above. Show Answer Correct Answer: A) Temporary. 28. According to the text, what happens to the price of products when there is an agent between producers and consumers? A) The price decreases. B) The price remains the same. C) The price increases. D) The price fluctuates randomly. Show Answer Correct Answer: C) The price increases. 29. What is the advantage of weekly markets, as mentioned in the text? A) Variety of goods at one place. B) Exclusive brands. C) High advertising exposure. D) Variable pricing strategies. Show Answer Correct Answer: A) Variety of goods at one place. 30. Tick The Correct Benefit of market A) It Reduces the amount of loss of money. B) It helps us contacting the dirct channels of distribution. C) It treats customer as slaves. D) Markets helps in improving peoples standard of living. Show Answer Correct Answer: D) Markets helps in improving peoples standard of living. 31. Items that are required everyday are sold near houses A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 32. Traders of weekly market set up at a different place the next day. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 33. What do you understand by 'Chain of Markets'? A) Markets linked together where products are passed until it reaches the consumers. B) Markets buying other market products. C) The process of selling products to one another directly. D) All of the above. Show Answer Correct Answer: A) Markets linked together where products are passed until it reaches the consumers. 34. What type of goods are typically more expensive in shopping malls? A) Non-branded goods. B) Local products. C) Branded goods. D) Wholesale items. Show Answer Correct Answer: C) Branded goods. 35. In which urban areas can people enter markets without stepping out of their homes? A) Weekly markets. B) Shopping complexes. C) Malls. D) Internet markets. Show Answer Correct Answer: D) Internet markets. 36. Branded goods are expensive because they are advertised and claims better quality. The companies producing these sell them through shops in urban markets or special showrooms.This further add to their cost. Few people can afford to buy branded goods. Is the statement correct? A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 37. Branded and high quality products are sold in: A) Weekly market. B) Shopping malls. C) None of the above. D) None of the above. Show Answer Correct Answer: B) Shopping malls. 38. One of the best example of advance market system is A) Shopping Mall. B) Super market. C) Online shopping. D) Wholesale market. Show Answer Correct Answer: C) Online shopping. 39. In INDIA most of the farmers practice ..... farming A) Subsistence. B) Cotton. C) Cottolidon. D) Terrace. Show Answer Correct Answer: A) Subsistence. 40. What type of market allows people to buy things without stepping out of their homes? A) Physical market. B) Weekly market. C) Neighborhood market. D) E-commerce market. Show Answer Correct Answer: D) E-commerce market. 41. In Wholesale Market goods are in bulk. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 42. People who are engaged in the production of goods and services are known as: A) Producers. B) Consumers. C) Traders. D) None of the above. Show Answer Correct Answer: A) Producers. 43. The trader who finally sells the goods to the customer is called ..... A) Retailer. B) Customer. C) Wholesale Trader. D) None of these. Show Answer Correct Answer: A) Retailer. 44. How do markets in the story operate in terms of time and location? A) Specific time and location. B) Variable time and location. C) Uniform time and location. D) No specific time and location. Show Answer Correct Answer: A) Specific time and location. 45. Shops in the neighbourhood provide goods even on credit. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 46. Who are typically not interested in selling their products in small quantities? A) Retail shop owners. B) Consumers. C) Industrialists and farmers. D) Street vendors. Show Answer Correct Answer: C) Industrialists and farmers. 47. The ..... variety in Nalgonda is also known as tie and dye variety or ikat A) Ikat. B) Pochampally. C) Medium. D) Moog. Show Answer Correct Answer: B) Pochampally. 48. According to Sameer, why are things cheaper in weekly markets? A) Lower expenses for shop owners. B) Lack of competition. C) Higher expenses for shop owners. D) Lower quality products. Show Answer Correct Answer: A) Lower expenses for shop owners. 49. What is a specialty store? A) A retail store that sells products at discounted prices. B) A retail store that sells products exclusively online. C) A retail store that sells a wide variety of products organized into different departments. D) A retail store that sells only one type of product. Show Answer Correct Answer: D) A retail store that sells only one type of product. 50. Competitive market leads to the ..... A) Globalization. B) Innovation. C) Competition. D) None of the above. Show Answer Correct Answer: B) Innovation. 51. The final product reaches the buyers through: A) Wholesalers. B) Chain of Market. C) Consumers. D) None of the above. Show Answer Correct Answer: B) Chain of Market. 52. Markets Establish a link between A) Producers and Consumers. B) Traders And Craftsmen. C) Traders And Salesperson. D) None of the above. Show Answer Correct Answer: A) Producers and Consumers. 53. Markets are closely linked to these subjects ..... A) Math and English. B) Physics. C) Biology. D) None of these. Show Answer Correct Answer: A) Math and English. 54. When was Rythu Bazar started in Andhra Pradesh? A) January 1999. B) January 2001. C) January 2000. D) January 1998. Show Answer Correct Answer: A) January 1999. 55. An example of advanced market system is ..... A) Shopping Mall. B) Online market. C) Wholesale market. D) Supermarket. Show Answer Correct Answer: B) Online market. 56. Why do people sell in weekly markets? A) A) To find large amount customers. B) B) Because setting up a shop in a weekly markets is cheap and they do not have to pay rent. C) C) Because they can compete with other sellers. D) Both a) and b). Show Answer Correct Answer: D) Both a) and b). 57. Shop keepers in a weekly market are ..... A) Small traders. B) Large traders. C) Wholesalers. D) All of these. Show Answer Correct Answer: A) Small traders. 58. Where are shopping complexes found? A) Urban areas. B) Rural areas. C) All the above. D) None of the above. Show Answer Correct Answer: A) Urban areas. 59. What is an enclosed shopping space in a large building with many floors having shops, restaurants, and cinema theatres? A) Mall. B) Local market. C) Weekly market. D) None of these. Show Answer Correct Answer: A) Mall. 60. In the scenario at the grocery shop, why did Sujata note down the amount in her notebook? A) To compare prices with other shops. B) To keep a record of her purchases. C) To show the shop owner her calculations. D) To remember the amount she spent. Show Answer Correct Answer: B) To keep a record of her purchases. ← PreviousNext →Related QuizzesCivics QuizzesClass 7 QuizzesClass 7 Civics Chapter 7 Markets Around Us Quiz 1Class 7 Civics Chapter 7 Markets Around Us Quiz 2Class 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 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books