This quiz works best with JavaScript enabled. Home > Class 7 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. From where can we buy the medicines? A) Weekly market. B) Dairy. C) Chemist shop. D) Groceries. Show Answer Correct Answer: C) Chemist shop. 2. Types of markets are: A) Retail markets and wholesale markets. B) Producers, consumers, traders. C) Vendors, general stores. D) None of the above. Show Answer Correct Answer: A) Retail markets and wholesale markets. 3. How does the inequality in markets impact both buyers and sellers? A) Uniform opportunities. B) Stable pricing. C) Varied income levels. D) Reduced competition. Show Answer Correct Answer: C) Varied income levels. 4. A place where we buy and sell the goods is called ..... A) Market. B) School. C) Park. D) Hotel. Show Answer Correct Answer: A) Market. 5. What is the role of supply and demand in a market? A) To determine the color of the goods and services. B) To decide the weather in the market. C) To determine the price and quantity of goods and services exchanged. D) To calculate the distance between buyers and sellers. Show Answer Correct Answer: C) To determine the price and quantity of goods and services exchanged. 6. The traders who buy huge quantity of goods from the producers are known as ..... traders. A) Wholesale. B) Retail. C) Supply. D) None of the above. Show Answer Correct Answer: A) Wholesale. 7. What is the main aim of the Consumer Protection Act 2019? A) To increase prices. B) To protect businesses. C) To provide timely and effective administration and settlement of consumer disputes. D) To eliminate all markets. Show Answer Correct Answer: C) To provide timely and effective administration and settlement of consumer disputes. 8. Weekly markets have permanent shops. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 9. Why do fewer people afford to buy branded goods, according to the chapter on advertising? A) High quality of branded goods. B) Lower prices of branded goods. C) Promotion through advertising. D) Claims of better quality. Show Answer Correct Answer: D) Claims of better quality. 10. The process of trading, goods or services, for other products, goods or services is called A) TRANSACTION. B) BARTER. C) BUYING AND SELLING. D) MARKETING. Show Answer Correct Answer: B) BARTER. 11. Which of the following is a type of retail market where goods are sold over the internet, and customers can make purchases using a computer or mobile device? A) Supermarket. B) Specialty market. C) Department store. D) Online market. Show Answer Correct Answer: D) Online market. 12. A weekly market trader earns little compared to regular shopkeeper. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. Which of the following is a characteristic of a weekly market? A) Shops are permanent and open daily. B) Prices are usually fixed and non-negotiable. C) Traders set up temporary stalls only on specific days. D) Only branded goods are sold. Show Answer Correct Answer: C) Traders set up temporary stalls only on specific days. 14. ..... Are Those In Which The Buying And Selling Takes Place Over The Phone Or The Internet. A) Internet Markets. B) Digital Markets. C) Delivering Market. D) None Of These. Show Answer Correct Answer: B) Digital Markets. 15. Which among these help you purchase goods without moving out of home? A) E-commerce. B) E-banking. C) Weekly markets. D) None of the above. Show Answer Correct Answer: A) E-commerce. 16. In the story of Sameer, why are clothes in weekly markets more affordable? A) Lower quality materials. B) Smaller profit margins. C) Limited choices for buyers. D) Higher demand. Show Answer Correct Answer: B) Smaller profit margins. 17. Which of the following has elevators A) Weekly market. B) Shops in the neighborhood. C) Malls and shopping complex. D) None of the above. Show Answer Correct Answer: C) Malls and shopping complex. 18. Advantage of wholesale markets A) Loss of money. B) We can bargain. C) Not good for business men. D) Difficult to carry. Show Answer Correct Answer: B) We can bargain. 19. ..... establishes the link between producers and traders. A) Market. B) Marketing. C) Mall. D) None of these. Show Answer Correct Answer: B) Marketing. 20. Markets create job oppurtunities but also creates equality.True/False A) True. B) False. C) True/False. D) Faithful. Show Answer Correct Answer: B) False. 21. Bata shoe store is an example of A) Shopping Malls. B) Chain or Multiple Shops. C) Departmental Stores. D) General Shop. Show Answer Correct Answer: B) Chain or Multiple Shops. 22. According to the text, how did the Bengali language evolve? A) Under the influence of Persian invaders. B) Development from Sanskrit through various stages. C) Origin from Dravidian languages. D) Unchanged since ancient times. Show Answer Correct Answer: B) Development from Sanskrit through various stages. 23. In the modern concept of marketing ..... is the key to success. A) Buying the product. B) Impressing the customer. C) Earning profit. D) Selling the product. Show Answer Correct Answer: B) Impressing the customer. 24. The local farmer who operates the computer on behalf of ITC are known as: A) Operator. B) Arhatias. C) Dallas. D) None of the above. Show Answer Correct Answer: A) Operator. 25. Who are traders? A) People between retailer and consumer. B) People between producer and wholesaler. C) People between wholesaler and retailer. D) None of these. Show Answer Correct Answer: C) People between wholesaler and retailer. ← 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 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