This quiz works best with JavaScript enabled. Home > Class 7 > Class 7 Civics Chapter 7 Markets Around Us – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 11 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which type of markets have centralised heating and cooling facilities? A) Malls. B) Neighbourhood markets. C) Weekly markets. D) None of the above. Show Answer Correct Answer: A) Malls. 2. General shops deal in A) All products needed for day-to-day use. B) Many different kinds of goods. C) A particular product. D) Precious stones such as diamonds. Show Answer Correct Answer: A) All products needed for day-to-day use. 3. ..... leads to the economic development. A) Innovation. B) Control on export. C) High market prices. D) Fixed prices. Show Answer Correct Answer: A) Innovation. 4. 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. 5. ..... travel from place to place to sell their goods. A) Hawkers. B) Vendors. C) Wholesaler. D) Hawkers or vendors. Show Answer Correct Answer: D) Hawkers or vendors. 6. Can You Say That There Is High Financial Inequality Among The Different Links Of A Market Chain? A) Yes. B) No. C) There Is Inequality But Not A Lot. D) Not Sure. Show Answer Correct Answer: A) Yes. 7. 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. 8. 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. 9. 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. 10. At the mandi ..... does not sell his yield directly A) The weaver. B) The farmer. C) The farm. D) The wholesaler. Show Answer Correct Answer: B) The farmer. 11. 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. 12. 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. 13. Which is the correct order in the chain of markets? A) Retail-consumer-producer-wholesaler. B) Wholesaler-consumer-retailer-producer. C) Producer-wholesaler-retailer-consumer. D) Producer-retailer-wholesaler-consumer. Show Answer Correct Answer: C) Producer-wholesaler-retailer-consumer. 14. 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. 15. 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. 16. 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. 17. 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. 18. 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. 19. 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. 20. 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 are helped by family members. D) They have automated their shops. Show Answer Correct Answer: C) They are helped by family members. 21. A person who buys products or services for a price and use it A) Producer. B) Consumer. C) Trader. D) Retailer. Show Answer Correct Answer: B) Consumer. 22. Amar colony for furniture in New Delhi is an example of ..... A) Wholesale market. B) Franchise outlets. C) Speciality stores. D) Speciality markets. Show Answer Correct Answer: D) Speciality markets. 23. 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. 24. In the context of the story, what distinguishes the shop owners in weekly markets and shopping complexes? A) Physical appearance. B) Profit margins. C) Product variety. D) Advertising strategies. Show Answer Correct Answer: B) Profit margins. 25. 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. ← PreviousNext →Related 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 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books