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CBSE Class 7  >  Class 7 Test  >  Social Studies (SST) (Old NCERT)  >  Important Questions: Market Around Us - Class 7 MCQ

Important Questions: Market Around Us for Class 7 SST - Free MCQ Test


MCQ Practice Test & Solutions: Important Questions: Market Around Us (10 Questions)

You can prepare effectively for Class 7 Social Studies (SST) Class 7 (Old NCERT) with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Important Questions: Market Around Us". These 10 questions have been designed by the experts with the latest curriculum of Class 7 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 20 minutes
  • - Number of Questions: 10

Sign up on EduRev for free to attempt this test and track your preparation progress.

Important Questions: Market Around Us - Question 1
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What feature distinguishes malls from weekly markets?

Detailed Solution: Question 1

Malls are modern, multi-storeyed buildings that often feature air conditioning and sell higher-priced branded goods.

Important Questions: Market Around Us - Question 2
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Why don’t people usually bargain in malls?

Detailed Solution: Question 2

Prices in malls are non-negotiable as they sell branded goods with fixed costs, unlike in weekly markets where bargaining is common.

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Important Questions: Market Around Us - Question 3
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What connects producers and final consumers in a chain of markets?

Detailed Solution: Question 3

Traders act as intermediaries in the chain of markets, buying goods in bulk from producers and distributing them to retailers or consumers.

Important Questions: Market Around Us - Question 4
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What is the role of a wholesale trader?

Detailed Solution: Question 4

Wholesale traders purchase large quantities of goods from factories or producers and supply them to retailers for sale to consumers.

Important Questions: Market Around Us - Question 5
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How do goods reach hawkers in neighbourhood markets?

Detailed Solution: Question 5

Hawkers buy goods from wholesale traders who act as intermediaries, ensuring the flow of products from producers to small sellers.

Important Questions: Market Around Us - Question 6
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What is one advantage of shopping online?

Detailed Solution: Question 6

Online shopping is convenient as it enables customers to purchase goods from home without physically visiting stores.

Important Questions: Market Around Us - Question 7
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What do malls and shopping complexes usually sell?

Detailed Solution: Question 7

- Malls and shopping complexes offer a wide range of products to meet various consumer needs.
- They typically feature branded goods from well-known companies, attracting customers looking for quality and prestige.
- Non-branded goods are also available, providing affordable alternatives for budget-conscious shoppers.
- Categories include clothing, electronics, home goods, beauty products, and food items, making malls a one-stop shopping destination.
- This diverse selection enhances the shopping experience and caters to different preferences and budgets.

Important Questions: Market Around Us - Question 8
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How do shop owners in weekly markets compete?

Detailed Solution: Question 8

To attract customers, weekly market traders lower their prices or negotiate with buyers, ensuring competitive pricing.

Important Questions: Market Around Us - Question 9
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Why do fewer people afford branded goods?

Detailed Solution: Question 9

Branded goods are priced higher due to production, marketing, and distribution costs, making them unaffordable for many.

Important Questions: Market Around Us - Question 10
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What is a significant difference between a mall and a weekly market?

Detailed Solution: Question 10

Malls are fixed establishments with permanent shops, while weekly markets are temporary setups with no fixed locations.

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About this Class 7 Practice Test

This test contains 10 MCQs on Important Questions: Market Around Us with detailed solutions for each question. It is part of the Social Studies (SST) Class 7 (Old NCERT) course on EduRev, designed to align with the current Class 7 syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

Explore more Class 7 Study Resources

If you found this Important Questions: Market Around Us MCQ Test helpful, you can further enhance your Class 7 preparation with in-depth courses on EduRev, for all the subjects and topics available in Social Studies (SST) Class 7 (Old NCERT) course. The course offers:
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  • MCQ Test: variety of questions as per the pattern of Class 7 exam
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