CBSE Questions for Class 7 Civics Market Around Us Quiz 1 - MCQExams.com

Who sells the final goods to the consumer?
  • Wholesaler
  • Retailer
  • Producer
  • None of them
What is/are the advantage(s) of shops in neighbourhood?
  • They are near to our home and we can go there on any day of the week.
  • Usually, the buyer and seller know each other and these shops also provide goods on credit.
  • Both A and B
  • None of these
Putting-out system is found in 
  • Petrol industry
  • Weaving Industry
  • Chemicals Industry
  • Education Industry
In which type of market we can take goods in advance and pay later on?
  • Weekly market
  • Shops in the neighbourhood
  • Shops in mall
  • All of these
Who is the first one to buy goods in large quantities?
  • Retailer
  • Consumer
  • Wholesaler
  • Transporter
Free market conditions exist in ______system.
  • Mixed economy
  • Socialist economy
  • Capitalist economy
  • None of these
Which of the following are the features of weekly market?
  • It is held on a specific day of the week.
  • Weekly markets do not have permanent shops
  • People come here for their everyday requirements.
  • All of these
One of the advantages of weekly markets is that most things you need ____________.
  • Are not available at one place
  • Are available at one place
  • Not be available at one place
  • None of these
A weekly market is so called because it is held on a __________.
  • Daily basis
  • Specific day of the week
  • Specific week of the month
  • None of these
The shop owners in the weekly market are helped by their family members and, hence, they _______.
  • Need to hire workers
  • Do not need to hire workers
  • Become jobless
  • None of these
When shops are in permanent buildings, ____________.
  • They incur a lot of expenditure
  • They have to pay rent, electricity,
  • Fees to the government
  • All of these
What is GDP?
  • Gross Daily Production
  • Gross Domestic Product 
  • Gross Domestic Power
  • Gross Development Prodution
Non-market activity is _____.
  • Vendor selling the fruits
  • Producing for self consumption.
  • Selling the products nearby temples.
  • Selling the products through the Regulated Market.
There are different kinds of sellers even in the neighbourhood markets. Some of them have  _______.
  • Permanent shops
  • Others sell their goods on the roadside
  • Both A and B
  • None of these
Which of the following is a feature of malls?
  • Air-conditioned buildings
  • Multi-storeyed buildings
  • Shops on different floors
  • All of the above
In malls, you get both branded and non-branded goods.
  • True
  • False
Which of the following is/are the characteristic(s) of a mall?
  • It is an enclosed shopping space.
  • It is usually a large building with many floors that have shops.
  • It also consists of restaurants and even a cinema theatre.
  • All of the above
Who are those retailers which have fixed business premises and operate through unit stores or small shops located in residential areas or markets?
  • Middlemen
  • Wholesalers
  • Large-scale retailers
  • Small-scale retailers
These days, in many urban areas, you also have large multi-storeyed air-conditioned buildings with shops on different floors, known as ________.
  • Malls
  • Weekly markets
  • Markets in our neighbourhood
  • None of these
Which of the following is an example of shops in neighbourhood ___________.
  • Dairy
  • Departmental store
  • Pharmacy
  • All of the above
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