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Important Questions: A Shirt in the Market - Class 7 MCQ


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20 Questions MCQ Test - Important Questions: A Shirt in the Market

Important Questions: A Shirt in the Market for Class 7 2024 is part of Class 7 preparation. The Important Questions: A Shirt in the Market questions and answers have been prepared according to the Class 7 exam syllabus.The Important Questions: A Shirt in the Market MCQs are made for Class 7 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Important Questions: A Shirt in the Market below.
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Important Questions: A Shirt in the Market - Question 1

These markets are not daily markets but are to be found at a particular place on one or maybe two days of the week. These markets most often sell everything that a household needs ranging from vegetables to clothes to utensils.

Important Questions: A Shirt in the Market - Question 2

This is an enclosed shopping space. This is usually a large building with many floors that has shops, restaurants and, at times, even a cinema theatre. These shops most often sell branded products.

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Important Questions: A Shirt in the Market - Question 3

This refers to buying and selling in large quantities. Most products, including vegetables, fruits and flowers have special wholesale markets.

Important Questions: A Shirt in the Market - Question 4

A series of markets that are connected like links in a chain because products pass from one market to another.

Important Questions: A Shirt in the Market - Question 5

Weekly shop Traders

Detailed Solution for Important Questions: A Shirt in the Market - Question 5

Weekly shop Traders set up a shop for the day and in the evening they close it. They set up the shops in another location the next day. ... This is because since these shops are not permanent, they save on expenses such as rent, electricity and fees to the government.

Important Questions: A Shirt in the Market - Question 6

large multi-storeyed air-conditioned buildings with shops on different floors, known as

Important Questions: A Shirt in the Market - Question 7

Where can one-buy branded product from

Important Questions: A Shirt in the Market - Question 8

If you want to buy 100 pencil as return gift on your birthday where will you buy them from

Important Questions: A Shirt in the Market - Question 9

What is the key factor that distinguishes the place from people

Detailed Solution for Important Questions: A Shirt in the Market - Question 9

B is the correct option.Economic status is the key factor that distinguishes the place from people. Examinations of socioeconomic status often reveal inequities in access to resources, plus issues related to privilege, power and control.

Important Questions: A Shirt in the Market - Question 10

People assessed the market depends upon following factors except

Important Questions: A Shirt in the Market - Question 11

Why are branded goods are preferred over non branded goods

Important Questions: A Shirt in the Market - Question 12

When the Buying and selling takes place ______ in the chain

Important Questions: A Shirt in the Market - Question 13

Swapna grows ___ on her small piece of land

Important Questions: A Shirt in the Market - Question 14

Spinning mill buys the

Detailed Solution for Important Questions: A Shirt in the Market - Question 14
  • Spinning mills primarily deal with the production of yarn.
  • They start with raw materials, mainly cotton, which is processed to create threads.
  • Fabric is typically produced from these threads, but spinning mills do not directly buy fabric.
  • Hence, the correct answer is cotton, as that is the main input for yarn production.
Important Questions: A Shirt in the Market - Question 15

______ removes the seeds and presses the cotton into bales

Important Questions: A Shirt in the Market - Question 16

Erode is a

Important Questions: A Shirt in the Market - Question 17

Erode's bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the ___.

Detailed Solution for Important Questions: A Shirt in the Market - Question 17

B is the correct option.Erode; a city in Tamil Nadu has a bi-weekly cloth market. It is one of the largest cloth markets in the world. It boasts of a large variety of clothes.

Important Questions: A Shirt in the Market - Question 18

______ get the yarn from the merchant and supply him the cloth

Important Questions: A Shirt in the Market - Question 19

Weavers invest all their savings or borrow money at high interest rates to buy looms. Each loom costs _______ so a small weaver with two looms has to invest Rs ______

Detailed Solution for Important Questions: A Shirt in the Market - Question 19

The main cost of inputs is the looms. The weavers invest all their savings or borrow money at exorbitant interest rates for buying the looms. A loom costs Rs 20000/-. A weaver who has two looms has to shell out Rs 40000/-. Since the work on these looms cannot be done alone, another adult family member works with him. They work upto 12 hours a day. They earn a meagre amount of Rs 3500/- per month in spite of working so hard.

Important Questions: A Shirt in the Market - Question 20

Weaver's _____ are one way to reduce the dependence on the merchant and to earn a higher income for the weavers.

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