This quiz works best with JavaScript enabled. Home > Class 7 > Class 7 Civics Chapter 7 Markets Around Us – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 7 Civics Chapter 7 Markets Around Us Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the different types of markets? A) Socialism, communism, capitalism, feudalism. B) Supply and demand, equilibrium, surplus, shortage. C) Perfect competition, monopolistic competition, oligopoly, and monopoly. D) Retail, wholesale, black, gray. Show Answer Correct Answer: C) Perfect competition, monopolistic competition, oligopoly, and monopoly. 2. ..... markets do not have permanent stalls. A) Weekly. B) Shopping malls. C) Neighbourhood. D) None of the above. Show Answer Correct Answer: A) Weekly. 3. What are the main sources of income mentioned in the text? A) Salaries, wages, and profits. B) Rents, interest, and investments. C) Shares and dividends. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Why should the wholesale trader buy the stocks from the producers; why not the retailers? A) The Constitution of India says so. B) Retailers are not able to access the producers. C) The producers wouldn't be interested in selling small quantities to the retailers. D) All of the above. Show Answer Correct Answer: C) The producers wouldn't be interested in selling small quantities to the retailers. 5. Choose a type of market which is held once a week A) Wholesale Market. B) Shopping mall/complex. C) Weekly Market. D) Local Market. Show Answer Correct Answer: C) Weekly Market. 6. What is the primary advantage of weekly markets, as mentioned in the chapter? A) Availability of branded goods. B) Lower prices due to less competition. C) Convenience of buying different items in one place. D) Higher quality goods compared to other markets. Show Answer Correct Answer: C) Convenience of buying different items in one place. 7. What is the primary reason mentioned in the text for goods being costlier in permanent shops than in weekly markets or by roadside hawkers? A) Higher quality of goods in permanent shops. B) Lack of competition among permanent shops. C) Overhead expenses like rent, electricity, and wages. D) Permanent shops offering branded goods. Show Answer Correct Answer: C) Overhead expenses like rent, electricity, and wages. 8. What is a unique feature of weekly markets? A) They are permanent. B) They operate every day. C) They are held on a particular day of the week. D) They only sell luxury goods. Show Answer Correct Answer: C) They are held on a particular day of the week. 9. What is the advantage of shops in the neighborhood for buyers? A) Variety of goods. B) Easier bargaining. C) Credit facilities. D) Premium pricing. Show Answer Correct Answer: C) Credit facilities. 10. What types of items are sold in the malls? A) Cheap. B) Unbranded. C) Branded. D) All of the above. Show Answer Correct Answer: C) Branded. 11. Which committee makes arrangements tor the auction ot paddy or other grains? A) E-chapals. B) Information Technology Cooperation (ITC). C) Agricultural Produce Marketing Committee. D) Intermediaries. Show Answer Correct Answer: C) Agricultural Produce Marketing Committee. 12. How do people in the neighbourhood usually pay for their purchases? A) Cash transactions. B) Credit facilities. C) Online payments. D) Barter system. Show Answer Correct Answer: A) Cash transactions. 13. What is a shopping complex according to the text? A) A single large store. B) Many shops in one compound in urban areas. C) An online marketplace. D) A rural market. Show Answer Correct Answer: B) Many shops in one compound in urban areas. 14. ..... buys yarn and gives it to weaver. A) Wholesaler. B) Merchant. C) Arhatia. D) Mandi-seller. Show Answer Correct Answer: B) Merchant. 15. TRUE OR FALSEWeekly markets do not have permanent shops A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. Who buy products in large quantities? A) Workers. B) Retailers. C) Consumers. D) Wholesale traders. Show Answer Correct Answer: D) Wholesale traders. 17. Weekly Markets have temporary shops. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. The ..... is the middleman who buys goods in bulk from producers and sells them to retailers. A) Consumer. B) Wholesaler. C) Producer. D) Seller. Show Answer Correct Answer: B) Wholesaler. 19. Nowadays we can purchase anything sitting at home. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. What are the few things offered by the malls for the convenience of the customers? A) Play area for kids. B) Merchandise. C) Jewellery. D) All of these. Show Answer Correct Answer: D) All of these. 21. Seller of weekly market earn ..... than the seller of the mall. A) Less. B) More. C) Extremely larger. D) Equal to. Show Answer Correct Answer: A) Less. 22. A wholesaler buys goods directly in large quantities from ..... A) Retailers. B) Consumers. C) Producers or manufacturers. D) None of the above. Show Answer Correct Answer: C) Producers or manufacturers. 23. Why do people prefer neighborhood shops? A) They offer goods on credit. B) They only sell branded goods. C) They have high rents and electricity costs. D) They are located far from home. Show Answer Correct Answer: A) They offer goods on credit. 24. On loom yarns is woven into? A) Saree. B) Cloth. C) Bale. D) Cotton. Show Answer Correct Answer: B) Cloth. 25. People also prefer shops in neighborhood for their day to day requirements as they can visit them any time. 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 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 10Class 7 Civics Chapter 7 Markets Around Us Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books