MCQ Questions for Class 7 Civics Chapter 8 Markets Around Us with Answers

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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