Test: A Shirt in the Market - Class 7 MCQ

Goods are sold through the internet. E-commerce is blooming day by day and it has made shopping more easy and convenient.

• Budh bazaar and Shani bazaar are examples of weekly markets where vendors gather once a week to sell their goods to the local community.


• Weekly markets are a common feature in many cities and towns, providing a platform for small businesses to reach customers who may not have access to larger shopping complexes or malls.


• These markets are usually set up in open spaces or designated areas within the city and offer a variety of products ranging from fresh produce to clothing and household items.


• Weekly markets play an important role in supporting local economies and fostering a sense of community among residents who frequent these markets regularly.


• Unlike shopping complexes or international markets, weekly markets like Budh bazaar and Shani bazaar cater to the needs of the immediate neighborhood and provide a more personalized shopping experience for customers.

• Merchants in Delhi: The merchants in Delhi sell goods to foreigners who are visiting the city.


• Foreigners: The foreigners who buy goods from these merchants are mainly from the US and Europe.


• Erosion of merchants: Due to the increase in sales to foreign customers, the local merchants may face erosion in their customer base as they cater more to foreigners.


• Competition: The competition from other merchants who specifically target foreign customers may also contribute to the erosion of local merchants selling to Delhi.

Profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.

• Consumer: Consumers are individuals who purchase goods and services for personal use. They typically pay the highest price for products as they are the end-users.


• Agents: Agents act as intermediaries between producers and consumers, earning a commission on sales. While they may not earn as much as retailers, they play a crucial role in the distribution process.


• Retailers: Retailers buy products from wholesalers or manufacturers and sell them to consumers at a profit. They earn a margin on each sale, making them more profitable than agents.


• Weavers: Weavers are likely to earn the least in the Erode market. They are involved in the production of goods, such as textiles, but may face challenges in terms of low wages and competition from larger manufacturers.

Therefore, the weavers are likely to earn the least in the Erode market compared to consumers, agents, and retailers.

Swapna’s earning from cotton cultivation is barely more than what she might have earned as a wage labourer.

• Buttoning: The women at the Impex garment factory are involved in the process of buttoning garments. This task requires precision and attention to detail.



• Thread cutting: Another task that the women perform is thread cutting. This is a crucial step in garment production to ensure neat and clean finishing.



• Ironing: Ironing is also a part of the work done by the women at the factory. This task involves making sure garments are properly pressed and wrinkle-free.



• All of these: In conclusion, the women at the Impex garment factory are responsible for a variety of tasks including buttoning, thread cutting, and ironing. They play a vital role in the production process and contribute to the quality of the garments produced.

• Definition: The putting out system is a method of manufacturing in which work is distributed to various individuals or groups to be completed off-site.


• Prevalence in India: The putting out system is prevalent in the weaving industry in most regions of India.


• Process: In the weaving industry, the putting out system involves distributing raw materials to individual weavers who work from their homes or small workshops.


• Advantages: This system allows for flexibility in production, as work can be distributed among a large number of workers. It also helps in reducing costs for the manufacturers.


• Challenges: However, the putting out system can lead to quality control issues and difficulties in coordinating production schedules.


• Impact: Despite its challenges, the putting out system continues to be a common practice in the weaving industry in India, especially in rural areas where traditional weaving techniques are still prevalent.

• Definition: Wholesale market is a place where goods are sold and purchased in large quantities.


• Volume: Transactions in wholesale markets involve bulk buying and selling of goods.


• Customers: Wholesale markets typically cater to retailers, manufacturers, and other businesses looking to purchase goods in large quantities.


• Pricing: Prices in wholesale markets are usually lower than retail prices due to the large volume of goods being traded.


• Types: There are different types of wholesale markets such as food wholesale markets, clothing wholesale markets, electronics wholesale markets, etc.


• Location: Wholesale markets are often located in specific areas within cities or regions where businesses can easily access them.

A chain of markets links the producer of cotton to the buyer at the supermarket. Buying and selling takes place at every step in the chain. There are people who make profits in the market and there are some who do not gain as much from this buying and selling.