This quiz works best with JavaScript enabled. Home > Class 7 > Class 7 Civics Chapter 7 Markets Around Us – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In Retail Market, Asher noticed that goods are in:- A) Bulk and low price. B) Small quantity and high price. C) All the above. D) None of the above. Show Answer Correct Answer: B) Small quantity and high price. 2. A hawker sells big and heavy items like automobiles and electronic items etc. A) Disagree. B) Agree. C) All the above. D) None of the above. Show Answer Correct Answer: A) Disagree. 3. TRUE OR FALSEWholesalers sell goods to consumers directly A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. What does the text say about the prices in weekly markets? A) They are always higher than other markets. B) They are fixed and non-negotiable. C) Things are available at cheaper rates. D) Prices are set by the government. Show Answer Correct Answer: C) Things are available at cheaper rates. 5. BRANDED ITEMS ARE ..... A) COSTLY. B) CHEAP. C) REASONABLE. D) NONE OF THESE. Show Answer Correct Answer: A) COSTLY. 6. Who finally sell goods to consumer? A) Producers. B) Wholeseller. C) Retailer. D) Agents. Show Answer Correct Answer: C) Retailer. 7. Why did Sujata carry a notebook while buying groceries? A) To keep track of her expenses. B) To take notes for her studies. C) To list the items she needs. D) To remember her daily tasks. Show Answer Correct Answer: A) To keep track of her expenses. 8. How does the chapter connect buying and selling to equality? A) It argues that everyone can afford goods in malls. B) It suggests that only the rich can be buyers and sellers. C) It explores the unequal opportunities for buyers and sellers. D) It claims that markets ensure equal distribution of wealth. Show Answer Correct Answer: C) It explores the unequal opportunities for buyers and sellers. 9. What is a shopping complex A) An air conditoned mall. B) Shops belonging to a particular chain. C) A group of shops under one roof in urban areas. D) None of the above. Show Answer Correct Answer: C) A group of shops under one roof in urban areas. 10. In general, the people who buy stocks from the producers and then supply it to the consumers are called ..... A) Contractors. B) Retailers. C) Traders. D) None of the above. Show Answer Correct Answer: C) Traders. 11. Sometimes the buyer and the seller know each other and the buyer is trustworthy to the seller so the seller provides the goods on credit to the buyer when asked for. The word 'credit' in this sense means? A) Buyer does not have to pay for the goods bought. B) Buyer can do bartering. C) Buyer can pay for the purchase later. D) Buyer has to pay before the purchase. Show Answer Correct Answer: C) Buyer can pay for the purchase later. 12. What are retailers? A) A shopkeeper who sells in a mall. B) A shopkeeper that sells in a large quantity. C) A shopkeeper that sells in small quantities. D) A shopkeeper who sells retails. Show Answer Correct Answer: C) A shopkeeper that sells in small quantities. 13. Is this story correct Aftab a wholesaler starts his business around 2.am Vegetables reaches the mandi from nearby areas He participates in the auction for selecting which vegetables to buy He stores these branded goods in his shop and further sells it to hawkers or shopkeepers. These retailers come to the mandi around 6 am and reach their own areas by 10 in the morning. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 14. The ..... owners doesn't have to pay taxes and rent. A) Weekly market. B) Neighbourhood market. C) All the above. D) None of the above. Show Answer Correct Answer: A) Weekly market. 15. The wholesale market is a place from where A) Retailers buy products. B) Consumers buy products. C) Farmers buy the fish. D) We get medicines. Show Answer Correct Answer: A) Retailers buy products. 16. Which statements indicate that buyers and sellers are differently placed in the market? A) Some buyers are busy shopping in malls, others cannot afford even cheap goods. B) All sellers cannot sell their goods in a mall. C) There is competition among sellers in a weekly market. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 17. The owner of City Mart from Kochas wants to increase his customer base. What should he do from these options? A) Offer Discounts and Promotions. B) Reduce the product range. C) Ignore store appearance. D) All of these. Show Answer Correct Answer: A) Offer Discounts and Promotions. 18. Only some goods travel through a chain of markets before they reach us. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. A Person Who Sells Goods In The Market Is Called ..... A) Hawker. B) Seller. C) Trader. D) Shop Owner. Show Answer Correct Answer: C) Trader. 20. Who is the final recipient in the chain of markets? A) Producer. B) Wholesale trader. C) Retailer. D) Consumer. Show Answer Correct Answer: D) Consumer. 21. Which of the following descriptions of "Madhupark" (that is situated in your own locality Kochas) is most accurate? A) A food-based small shop famous for its spicy chutneys. B) A mini restaurant famous for its vegetarian dishes and sweets. C) A food quench hub famous for its snacks and pastries. D) A juice bar famous for its healthy smoothies. Show Answer Correct Answer: B) A mini restaurant famous for its vegetarian dishes and sweets. 22. In what way do permanent shops in shopping complexes differ from weekly markets? A) Lower quality products. B) Exclusive brands. C) Higher competition. D) Variable pricing. Show Answer Correct Answer: B) Exclusive brands. 23. THE ..... BRING FRUITS AND VEGETABLES TO OUR DOORSTEP. A) WHOLESALERS. B) PRODUCERS. C) RETAILERS. D) VENDORS. Show Answer Correct Answer: D) VENDORS. 24. In a weekly market, prices are higher than those in shopping malls because the shop owners have to pay rent and electricity bills. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 25. Why is a weekly market called so? A) It is held on the specific day of the week. B) They are held daily. C) They are held once in a month. D) None of the above. Show Answer Correct Answer: A) It is held on the specific day of the week. ← 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