Class 7 Civics Chapter 7 Question Answers - Market Around Us

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

Q2: The shopping malls mostly sell ________________ 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 things in bulk are called __________.
Ans: Wholesale traders

Q6: Who is a retailer?
Ans: Traders who sell goods to the consumers

Q7: Who is a wholesale trader?
Ans: People or traders who buy and sell things in bulk and sell them to other traders

Q8: Raj's mother asked him to get some cheap plastic containers. From where should he purchase the containers—roadside markets or permanent market?
Ans: Roadside markets

Q9: State an advantage of a weekly market.
Ans: Most of the things we need are available at one place.

Q10: The market that is held on a specific day of the week is called
a. Permanent market
b. Weekly market
c. Wholesale market
d. Neighbourhood market
Ans: Weekly market

Q11: Why are branded goods expensive compared to non-branded goods?
Ans: Branded goods are often promoted by advertising, which costs a lot and thus are expensive.

Q12: Why can fewer people 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 a must in the market. True/False
Ans: False

Q15: These days, goods can be delivered at home through the 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 the chain of market?
Ans: It is because of a chain of markets that goods produced in one place reach people everywhere

Q18: Define wholesale.
Ans: Wholesale means buying and selling goods and products in very large quantities.

Q19: What is the chain of market?
Ans: A series of markets that are connected like links forms the chain of market. Products pass from one market to another.