This quiz works best with JavaScript enabled. Home > Class 7 > Class 7 Civics Chapter 7 Markets Around Us – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Goods ordered from the ..... , and the amount is paid by plastic money, A) Weekly maket. B) Small hawker. C) Street vendor. D) Internet. Show Answer Correct Answer: D) Internet. 2. Buying and selling of goods and services within a country is called A) International trade. B) State trade. C) Regional trade. D) Internal trade. Show Answer Correct Answer: D) Internal trade. 3. What is the term used for large multi-storeyed air-conditioned buildings with shops on different floors? A) Weekly markets. B) Malls. C) Shopping complexes. D) Retailers. Show Answer Correct Answer: B) Malls. 4. Markets create employment opportunities. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Wholesalers help in promoting the sale of products by displaying advertisements A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 6. A retailer buys products from a manufacturer or wholesaler and sells it to the ..... A) Wholesaler. B) Producer. C) Consumer. D) None of the above. Show Answer Correct Answer: C) Consumer. 7. What is the difference between a monopoly and a competitive market? A) Monopoly has less demand, while a competitive market has more demand. B) Monopoly has lower prices, while a competitive market has higher prices. C) Monopoly has no sellers, while a competitive market has many sellers. D) Monopoly has only one seller, while a competitive market has many sellers. Show Answer Correct Answer: D) Monopoly has only one seller, while a competitive market has many sellers. 8. Rahul observed that a certain group of make-shift shops are held ever week.What are those markets called? A) Barber. B) Meat markets. C) Veg shops. D) Weekly market. Show Answer Correct Answer: D) Weekly market. 9. Why do permanent shops generally charge higher prices than weekly markets? A) Higher quality products. B) Stable locations. C) Lower competition. D) Bigger advertising budgets. Show Answer Correct Answer: B) Stable locations. 10. Who buys goods in bulk and stores in godowns A) Producers. B) Customers. C) Wholesaler. D) None of the above. Show Answer Correct Answer: C) Wholesaler. 11. Which is the largest river basin the world? A) The Ganga-Brahmaputra Basin. B) The Amazon Basin. C) The Hooghly Basin. D) None of the above. Show Answer Correct Answer: B) The Amazon Basin. 12. What is the role of traders in the chain of markets? A) They are the final consumers. B) They are the producers of goods. C) They act as intermediaries between producers and consumers. D) They regulate market prices. Show Answer Correct Answer: C) They act as intermediaries between producers and consumers. 13. 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. 14. 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. 15. 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. 16. 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. 17. According to the chapter, what is the role of wholesale traders in the chain of markets? A) Direct selling to consumers. B) Supplying goods to retailers. C) Promoting products through advertising. D) Setting up permanent shops. Show Answer Correct Answer: B) Supplying goods to retailers. 18. How do sales representatives in clinics and nursing homes engage in selling goods? A) Door-to-door sales. B) Through the Internet. C) Waiting for doctors. D) Participating in auctions. Show Answer Correct Answer: C) Waiting for doctors. 19. 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. 20. 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. 21. Super markets are ..... in size than department stores. A) Larger. B) Shorter. C) Cheaper. D) Costlier. Show Answer Correct Answer: A) Larger. 22. Which of these are NOT features of weekly markets? A) Products are available at cheaper rate. B) Weekly markets are held once a week, on a specified day, at a fixed location. C) Family members are involve in this type of market. D) They are permanent shops. Show Answer Correct Answer: D) They are permanent shops. 23. A weekly market gets its name as- A) It is held on Mondays. B) It is held on Sundays. C) It held fortnightly. D) It is held weekly. Show Answer Correct Answer: D) It is held weekly. 24. Who is Raghu and what does he do for a living? A) A vegetable producing farmer. B) A textile mill owner. C) A factory worker. D) A wholesale trader. Show Answer Correct Answer: A) A vegetable producing farmer. 25. Buying and selling also takes place without going to the market, through telemarketing and internet. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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 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