Practice Questions: Market Around Us | Social Studies (SST) Class 7 PDF Download

Q1. The shops that are useful as they are near our home and we can go there on any day of the week are:
(a) Neighbourhood shops
(b) Shops on weekly market
(c) Both (a) and (b)
(c) None of these
Ans: (a)

Q2. Who buys products in large quantities?
(a) Workers
(b) Retailers
(c) Wholesale traders
(d) None of these
Ans: (c)

Q3. A _______ has a permanent shop.
(a) Hawker
(b) Shop owner
(c) Both (a) and (b)
(d) None of these
Ans: (b)

Q4. A market that is held on a specific day of a week is:
(a) Daily market
(b) Weekly market
(c) Both (a) and (b)
(d) None of these
Ans: (b) 

Q5. A hawker sells his goods at:
(a) Cheaper rates
(b) Costly rates
(c) Free of cost
(d) All of the above
Ans: (a)

Q6. Who is traders?
(a) People between employee and consumer
(b) People between producer and consumer
(c) People between staff and employee
(d) None of these
Ans: (b)
The people in between the producer and the final consumer are the traders.

Q7. What is done in the wholesale markets?
(a) Goods reach here at very last
(b) Goods are very higher in price
(c) Goods first reach here
(d) None of these
Ans: (c)
This is where goods first reach and are then supplied to other traders.

Q8. What are link between producers in traders?
(a) Wholesaler
(b) Customer
(c) Retailer
(d) None of these
Ans: (b)
Traders are the link between producers and Customer. The wholesale trader first buys goods in large quantities.

Q9. What is required to do cashless shopping?
(a) Ration card
(b) Credit card
(c) Driving license
(d) All of these
Ans: (b)
People in urban areas can enter markets without stepping out of their homes via the Internet. They use their credit cards to make online purchases.

Q10. What refers to buying and selling in large quantities?
(a) Weekly market
(b) Wholesale
(c) Mall
(d) Cineplex
Ans: (b) Wholesale
Wholesale refers to buying and selling in large quantities. Most products, including vegetables, fruits and flowers have special wholesale markets.

Q11. Who is a retailer?
(a) Small traders
(b) Whole sale
(c) Sales man
(d) None of these
Ans: (a)
Retailers are small traders who buy goods from the wholesale trader and sell this to then consumers.

Q12. what do you mean by malls?
(a) Multi-storied building
(b) Wholesaler
(c) Retailers
(d) None of these
Ans: (a)
Malls are multi-storied air-conditioned buildings with shops on different floors.