Test: Market Around Us


10 Questions MCQ Test Polity and Constitution (Prelims) by IAS Masters | Test: Market Around Us


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Attempt Test: Market Around Us | 10 questions in 10 minutes | Mock test for Class 7 preparation | Free important questions MCQ to study Polity and Constitution (Prelims) by IAS Masters for Class 7 Exam | Download free PDF with solutions
QUESTION: 1

A weekly market is so called because it is held on a specific

Solution:

A weekly market is so called because it is held on a specific day of a week.Weekly markets do not have permanent shops. Traders set up shops for the day and then close them up in the evening. Weekly markets also have a large number of shops selling the same goods which means there is competition among them.

QUESTION: 2

Who finally sell goods to consumer

Solution:

Retailers finally sell goods to the consumers.
The chain is given below:
Producer – Agent – Wholeseller – Retailer - Consumer.

QUESTION: 3

In primary markets, property of shares which made it easy to sell newly issued security is considered as

Solution:

In primary markets, property of shares which made it easy to sell newly issued security is considered as increased liquidity. Liquidity is the amount of money that is readily available for investment and spending.

QUESTION: 4

Which of the following things will not find in a weekly market

Solution:
QUESTION: 5

Collecting ____ item has become status symbol

Solution:
QUESTION: 6

Who among the following sell goods at higher price than other in the chain market

Solution:

The correct answer is B as retailers sell goods at higher price than others in the chain market.

QUESTION: 7

Who are seller in the weekly market

Solution:
QUESTION: 8

Commercial paper issued with low interest rate thus commercial paper are categorized as

Solution:

Commercial paper issued with low interest rate thus commercial paper are categorized as better credit rating. They are considered a better option as interest rates are low,

QUESTION: 9

Kurnool is in

Solution:
QUESTION: 10

Ginning mill buys the

Solution:

Trader sells cotton to the Ginning Mill. 9.Ginning Mill cleans the cotton and makes it into bales. 7.Spinning mill buys the cotton and sells yarn to the yarn dealer.

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