Class 7 Civics Chapter 7 Question Answers - Market Around Us

Very Short Q & A :

Q1: Neighbourhood markets often give goods to their regular customers on ____________.

Ans : Credit

Q2: The shopping malls mostly sells ________________items.

Ans : Branded

Q3: Exporters get the maximum work out of the workers at the lowest possible wages. In this way they maximize their own profit. True/ False

Ans : True

Q4: Markets that cater to the immediate needs of an area are called

a. Super market

b. Neighbourhood market

c. Malls

d. All of these

Ans : Neighbourhood market

Q5: People who buy and sell thing in bulk are called -----------

Ans : Wholesale traders

Q6: Who is a retailer?

Ans : Traders who sell good to the consumers

Q7: Who is a wholesale trader?

Ans : People or traders who buy and sell thing in bulk and sold them to other traders

Q8: Raj mother asked him to get some cheap plastic containers, from where he should purchase the containers- road side markets or permanent market?

Ans : Road side markets

Q9: State an advantage of weekly market.

Ans : Most of the things we need are available at one place.

Q10: The market that held on specific day of the weak is called

a. Permanent market

b. Weekly market

c. Wholesale market

d. Neighbourhood market

Ans : Weekly market

Q11: Why branded goods are expensive as compared to non-branded goods?

Ans : Branded goods are often promoted by advertising, which costs a lot and thus are expensive.

Q12: Why fewer people can afford to buy branded goods?

Ans : Because these goods are expensive

Q13: The people in between the producer and final consumer are __________________.

Ans : Traders

Q14: For buying and selling, shops are must in the market. True/ False

Ans : False

Q15: These days’ goods can be delivered at home through internet also. True/False

Ans : True

Q16: Which of the following can be used for online purchase

a. Credit cards

b. Debit cards

c. Both a and b

d. Smart cards

Ans : Both a and b

Q17: What is the importance of chain of market?

Ans : It is because of chain of market that goods produced at one place reaches people everywhere

Q18: Define wholesale.

Ans : Wholesale means buying and selling of goods and products in very large quantities.

Q19: What is chain of market?

Ans : A series of markets that are connected like links forms chain of market. Products passes from one market to another.