We have compiled the NCERT MCQ Questions for Class 7 Civics Chapter 8 Markets Around Us with Answers Pdf free download covering the entire syllabus. Practice MCQ Questions for Class 7 Civics with Answers on a daily basis and score well in exams. Refer to the Markets Around Us Class 7 MCQs Questions with Answers here along with a detailed explanation.
Markets Around Us Class 7 MCQs Questions with Answers
Question 1.
Who gain by exploiting the craftsmen and pay lower prices for their goods and services
(a) Businessmen
(b) Intermediaries
(c) Consumers
(d) Buyers
Answer
Answer: (b) Intermediaries
Question 2.
Which of the following things will not find in a weekly market
(a) Branded clothes
(b) Groceries
(c) Non-branded clothes
(d) Vegetables
Answer
Answer: (a) Branded clothes
Question 3.
Erode is a
(a) Stationary market
(b) Vegetable market
(c) Fruit market
(d) Cloth market
Answer
Answer: (d) Cloth market
Question 4.
Who finally sell goods to consumer
(a) Producers
(b) Wholesaler
(c) Retailer
(d) Agents
Answer
Answer: (c) Retailer
Question 5.
Who among the following sell goods at higher price than other in the chain market
(a) Producer
(b) Retailer
(c) Agent
(d) Wholesaler
Answer
Answer: (b) Retailer
Question 6.
Who are seller in the weekly market
(a) Businessmen
(b) Large sellers
(c) Small traders
(d) Industrialist
Answer
Answer: (c) Small traders
Question 7.
Collecting _______ item has become status symbol
(a) Free
(b) Cheap
(c) Branded
(d) Natural
Answer
Answer: (c) Branded
Question 8.
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
Answer
Answer: (d) Producer-Agents-Wholesaler-Retailer
Question 9.
Who buys the bales
(a) Retailers
(b) Grocery shop
(c) Spinning mill
(d) Ginning mill
Answer
Answer: (c) Spinning mill
Question 10.
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
Answer
Answer: (d) better credit rating
Question 11.
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
Answer
Answer: (b) Putting-out system
Question 12.
Seller of weekly market earn ________ than the seller of the mall
(a) Less
(b) More
(c) Extremely larger
(d) Equal to
Answer
Answer: (a) Less
Question 13.
On looms yarn is woven into
(a) Saree
(b) Bale
(c) Cloth
(d) Cotton
Answer
Answer: (c) Cloth
Question 14.
The final product reaches the buyers through a
(a) Consumers
(b) Agents
(c) Chain of market
(d) Wholesaler
Answer
Answer: (c) Chain of market
Question 15.
________ 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
Answer
Answer: (a) Tamil Nadu
Question 16.
______ spins the cotton into yarn
(a) Trader
(b) Ginning
(c) Seller
(d) Spinning
Answer
Answer: (d) Spinning
Question 17.
Erode market is situated in
(a) Kerala
(b) Andhra Pradesh
(c) Odisha
(d) Tamil Nadu
Answer
Answer: (d) Tamil Nadu
Question 18.
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
Answer
Answer: (a) Three times more
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