MCQ Questions for Class 7 Civics: Ch 8 Market Around Us

MCQ Questions for Class 7 Civics: Ch 8 Market Around Us

1. Who buys the bales
(a) Retailers
(b) Grocery shop
(c) Spinning mill
(d) Ginning mill
► (c) Spinning mill

2. If the weavers were to buy yarn on their own and sell cloth, they would probably earn
(a) Three times more
(b) Five times more
(c) Four times more
(d) Two times more
► (a) Three times more

3. Order of Chain of marketing
(a) Producer-Agents -Retailer- Wholesaler
(b) Agents- Producer -Wholesaler-Retailer
(c) Producer-Wholesaler-Retailer-Agents
(d) Producer-Agents-Wholesaler-Retailer
► (d) Producer-Agents-Wholesaler-Retailer

4. Erode market is situated in
(a) Kerala
(b) Andhra Pradesh
(c) Odisha
(d) Tamil Nadu
► (d) Tamil Nadu

5. Collecting ____ item has become status symbol
(a) Free
(b) Cheap
(c) Branded
(d) Natural
► (c) Branded

6. ______ spins the cotton into yarn
(a) Trader
(b) Ginning
(c) Seller
(d) Spinning
► (d) Spinning

7. Who are seller in the weekly market
(a) Businessmen
(b) Large sellers
(c) Small traders
(d) Industrialist
► (c) Small traders

8. _____ Government runs a Free School Uniform programme in the state. The government procures the cloth for this programme from the powerloom weaver?s cooperatives.
(a) Tamil Nadu
(b) Kerala
(c) Andhra Pradesh
(d) Delhi
► (a) Tamil Nadu

9. Who among the following sell goods at higher price than other in the chain market
(a) Producer
(b) Retailer
(c) Agent
(d) Wholesaler
► (b) Retailer

10. The final product reaches the buyers through a
(a) Consumers
(b) Agents
(c) Chain of market
(d) Wholesaler
► (c) Chain of market

11. Who finally sell goods to consumer
(a) Producers
(b) Wholesaler
(c) Retailer
(d) Agents
► (c) Retailer

12. On looms yarn is woven into
(a) Saree
(b) Bale
(c) Cloth
(d) Cotton
► (c) Cloth

13. Erode is a
(a) Stationary market
(b) Vegetable market
(c) Fruit market
(d) Cloth market
► (d) Cloth market

14. Seller of weekly market earn ___ than the seller of the mall
(a) Less
(b) More
(c) Extremely larger
(d) Equal to
► (a) Less

15. Which of the following things will not find in a weekly market
(a) Branded clothes
(b) Groceries
(c) Non-branded clothes
(d) Vegetables
► (a) Branded clothes

16. The arrangement between the merchant and the weavers is an example 
(a) Sitting-out system
(b) Putting-out system
(c) Put-out system
(d) Taking-out system
► (b) Putting-out system

17. Who gain by exploiting the craftsmen and pay lower prices for their goods and services
(a) Businessmen
(b) Intermediaries
(c) Consumers
(d) Buyers
► (b) Intermediaries

18. Commercial paper issued with low interest rate thus commercial paper are categorized as
(a) payables rating
(b) commercial rating
(c) poor credit rating
(d) better credit rating
► (d) better credit rating
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