Worksheet: Market Around Us | Footprints Class 7: Book Solutions, Notes & Worksheets PDF Download

Q1: Multiple Choice Questions (MCQs)

1: What is the primary function of a retailer?

A) Selling goods in bulk to wholesalers

B) Acting as a link between producers and consumers

C) Buying goods from manufacturers in large quantities

D) Providing credit facilities to farmers.

2: Which of the following is not a type of retail store?

A) Specialty Stores

B) Weekly Markets

C) Shopping Malls

D) Mobile Traders or Vendors

3: What is the main function of wholesalers?

A) Selling goods directly to consumers

B) Providing credit facilities to retailers

C) Facilitating buying, storing, and supplying goods

D) Innovatively presenting products to attract customers

4: Which factor influences a customer's preference for a specific market?

A) Proximity to industrial areas

B) Availability of luxury goods

C) Price and quality of goods

D) Popularity of the market among locals

5: What is the objective of the e-choupal initiative by ITC Limited?

A) To increase the number of intermediaries in the agricultural supply chain

B) To exploit small farmers for higher profits

C) To provide Internet access and empower small farmers

D) To decrease the transparency in agricultural transactions

Q2: Fill in the Blanks

1: Retail markets primarily serve the purpose of selling products to __________ for their personal and daily use.

2: Wholesalers buy goods in bulk from __________ and sell them to retailers and industrial users.

3: Farmers often sell their produce in markets like __________ to earn better profits and avoid exploitation by intermediaries.

4: Government-regulated markets ensure fair prices for farmers through proper sales methods and __________.

5:The e-choupal initiative by ITC aims to empower small farmers by providing them with __________ for information and marketing.

11 Match the Column

Match the items in Column A with the appropriate options in Column B.

Q3 True or False

Indicate whether the following statements are true or false.

1: Retail markets primarily focus on selling products to industrial users. (True / False)

2: Wholesalers buy goods in bulk from retailers and sell them to manufacturers. (True / False)

3: The e-choupal initiative aims to exploit small farmers for higher profits. (True / False)

4: Weekly markets are a type of wholesale market.(True / False)

5: Government-regulated markets ensure fair prices for farmers through proper sales methods and transparency.(True / False)

The solutions of the worksheet "Market Around Us"