Markets Around Us Class 7 MCQs | Civics
Markets Around Us – Class 7 MCQs with Answers & Explanations
Class: 7 | Subject: Social Science | Section: Civics – Social and Political Life II | Topic: Markets Around Us
Strictly Based on NCERT | CBSE Board Examinations
1. A market is a place where:
Correct Answer: B
A market is any place where buyers and sellers interact to buy and sell goods or services.
2. Weekly markets are held:
Correct Answer: B
Weekly markets operate on fixed days and offer a variety of goods at affordable prices.
3. Shops in a shopping complex usually sell:
Correct Answer: A
Specialty shops in complexes focus on specific product categories like clothes or electronics.
4. Malls are examples of:
Correct Answer: C
Malls are large shopping complexes with branded stores and entertainment facilities.
5. Wholesale markets sell goods to:
Correct Answer: B
Retailers buy goods in bulk from wholesalers and sell them to consumers.
6. Retailers sell goods to:
Correct Answer: C
Retailers are the final link who sell directly to customers.
7. Street markets are known for:
Correct Answer: B
Prices in street markets are flexible and bargaining is common.
8. Online markets operate through:
Correct Answer: B
E-commerce platforms allow buying and selling via the internet.
9. Credit means:
Correct Answer: A
Credit allows buyers to take goods now and pay later.
10. Chain of markets links:
Correct Answer: A
Goods move through wholesalers and retailers before reaching consumers.
11. Local markets mainly serve:
Correct Answer: A
They meet daily needs of nearby residents.
12. Example of weekly market:
Correct Answer: B
‘Haat’ is a traditional weekly market.
13. Supermarkets offer:
Correct Answer: B
They sell packaged and branded items.
14. Shopkeepers buy from:
Correct Answer: B
Wholesalers supply goods in bulk.
15. Markets provide:
Correct Answer: D
They generate jobs and supply goods/services.
16. Global markets connect:
Correct Answer: B
They enable international trade.
17. Advertisement in markets helps to:
Correct Answer: B
Ads attract customers and boost sales.
18. Transport is important for markets because:
Correct Answer: A
Goods must be transported from producers to markets.
19. Consumers benefit from markets through:
Correct Answer: D
Competition improves quality and pricing.
20. The link between producer and consumer is called:
Correct Answer: A
It shows movement of goods through different traders.