This quiz works best with JavaScript enabled. Home > Class 7 > Class 7 Civics Chapter 7 Markets Around Us – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 3 ..... are not interested in selling us small quantities. A) Vendor. B) Wholesaler. C) Retailer. D) Producers. Show Answer Correct Answer: D) Producers. 2. ..... are agricultural markets, where farmers can get the best price for their yield. A) Neighbourhood market. B) Mandi. C) Weekly Market. D) Weeekly market. Show Answer Correct Answer: B) Mandi. 3. What is one reason mentioned in the text for the lower prices in weekly markets? A) Low quality of goods. B) Lack of variety. C) Competition among shops. D) High overhead expenses. Show Answer Correct Answer: C) Competition among shops. 4. Markets promote inequality A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. The Links Between The Initial Producer And Final Buyer Are Collectively Known As ..... A) Market Chain. B) Link Chain. C) Product Chain. D) Buyer Chain. Show Answer Correct Answer: A) Market Chain. 6. The company which sells or leases its products and its name to others is called ..... A) Franchisor. B) Seller. C) Franchisee. D) None. Show Answer Correct Answer: A) Franchisor. 7. Branded goods are ( i ), often promoted by (ii) and claims of (iii) quality. They are mostly sold in (iv). A) I-Expensiveii-Customersiii-Goodsiv-Small Shops. B) I-Expensiveii-Advertisingiii-Betteriv-Showrooms. C) I-Expensiveii-Ownersiii-Goodsiv-Wholesale Shops. D) None of the above. Show Answer Correct Answer: B) I-Expensiveii-Advertisingiii-Betteriv-Showrooms. 8. Which type of retail market is considered as shopping-cum-entertainment venues? A) Supermarkets. B) Malls. C) Online Shopping. D) Chain stores. Show Answer Correct Answer: B) Malls. 9. What is the significance of the weekly market in terms of cost? A) Cheaper goods due to lower expenses. B) Higher prices due to quality. C) No impact on prices. D) Varied pricing strategies. Show Answer Correct Answer: A) Cheaper goods due to lower expenses. 10. What differentiates shopping complexes and malls from weekly markets? A) Lower prices. B) Permanent shops. C) Exclusive brands. D) Reduced variety. Show Answer Correct Answer: B) Permanent shops. 11. ..... are the places where a lot of sellers and buyers come together and exchange of goods take place. A) Play grounds. B) Markets. C) Theatres. D) None of the above. Show Answer Correct Answer: B) Markets. 12. Malls have been an integral part of our lives since ancient times. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. Why are goods cheaper in the weekly markets?A) They don't pay extra fee for any other reason.B) They store the things they sell at home.C) They do not hire workers. A) Only A). B) Only C). C) Both A) and B). D) All of the above. Show Answer Correct Answer: D) All of the above. 14. What is the common theme in the Rajput traditions of heroism, as mentioned in the text? A) Rejection of religious practices. B) Promotion of pacifism. C) Idealization of heroic warriors. D) Emphasis on trade and commerce. Show Answer Correct Answer: C) Idealization of heroic warriors. 15. According to the modern concept of marketing, ..... is the key to success. A) Customer satisfaction. B) Buying. C) Profits. D) Selling. Show Answer Correct Answer: A) Customer satisfaction. 16. What kind of traders is shopkeepers in a weekly market? A) Small traders. B) Large traders. C) Wholesalers. D) None of these. Show Answer Correct Answer: A) Small traders. 17. ..... are the transactions that take place between two different businesses or factories A) B to B. B) A to A. C) B to A. D) None of the above. Show Answer Correct Answer: A) B to B. 18. There are 100 Dettol soaps with retail value of ₹ 5 each. Now company decides to spend ₹ 200 on its advertisements. What will be the new MRP of 1 Dettol soap? A) ₹ 5. B) ₹ 6. C) ₹ 7. D) ₹ 500. Show Answer Correct Answer: C) ₹ 7. 19. A chain store is an example of a: A) Retail market. B) Wholesale market. C) Weekly market. D) None of the above. Show Answer Correct Answer: A) Retail market. 20. What is the purpose of wholesale traders in the chain of markets, as mentioned in the text? A) To sell goods directly to consumers. B) To buy goods in large quantities from factories. C) To compete with other traders. D) To open special showrooms. Show Answer Correct Answer: B) To buy goods in large quantities from factories. 21. Mansabdar rank and salary were determined by numerical value called ..... A) Dreaded. B) Substance. C) Sadr. D) Dewan. Show Answer Correct Answer: B) Substance. 22. Buying and selling of goods within a country is called A) International trade. B) State trade. C) Regional trade. D) Internal trade. Show Answer Correct Answer: D) Internal trade. 23. Why should the wholesale trader buy the goods from the producers and not the customers? A) The Constitution of India says so. B) Customers are not able to access the producers. C) The producers won't be interested in selling small quantities to the customers. D) All of the above. Show Answer Correct Answer: C) The producers won't be interested in selling small quantities to the customers. 24. Online shopping means: A) To buy goods and services over the internet. B) To buy goods for free. C) All the above. D) None of the above. Show Answer Correct Answer: A) To buy goods and services over the internet. 25. What does the chapter highlight about markets that people may not be aware of? A) They operate only through shops in the market. B) They exclusively sell online. C) They involve buying and selling of goods indirectly. D) They focus on direct consumer sales. Show Answer Correct Answer: C) They involve buying and selling of goods indirectly. Next →Related QuizzesClass 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 5Class 7 Civics Chapter 7 Markets Around Us Quiz 6Class 7 Civics Chapter 7 Markets Around Us Quiz 7Class 7 Civics Chapter 7 Markets Around Us Quiz 8Class 7 Civics Chapter 7 Markets Around Us Quiz 9Class 7 Civics Chapter 7 Markets Around Us Quiz 10Class 7 Civics Chapter 7 Markets Around Us Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books