Market Quiz

What is the purpose of a wholesale trader?

• To provide goods on credit

• To set up shops in shopping complexes

• To sell goods directly to consumers

• To buy and sell in large quantities

Why are things cheaper in the weekly market?

• Because the sellers have to pay rent and wages

• Because there is less competition among sellers

• Because the goods are of lower quality

• Because the sellers store the goods at home and do not incur extra expenses

What is the difference between a hawker and a shop owner?

• Hawkers sell branded products, while shop owners sell non-branded products

• Hawkers sell expensive goods, while shop owners sell cheap goods

• Hawkers sell goods in large quantities, while shop owners sell in small quantities

• Hawkers sell goods on the roadside, while shop owners have permanent shops

Why do people go to a weekly market? Give three reasons.

• To buy goods at higher prices, to avoid bargaining, to get goods on credit

• To buy goods in large quantities, to avoid competition, to support big business persons

• To buy branded products, to get goods on credit, to avoid bargaining

• To find a variety of goods, to get things at cheaper rates, to have a choice of goods

Why do people not bargain in shops located in malls whereas they bargain in weekly markets?

• Because the sellers in weekly markets expect bargaining

• Because the goods in malls are already cheap

• Because the goods in malls are of higher quality

• Because the sellers in malls do not allow bargaining

How do people in urban areas enter markets without stepping out of their homes?

• Through roadside hawkers, through permanent shops, through dairy shops

• Through the Internet, through phone orders, through sales representatives

• Through weekly markets, through shopping complexes, through malls

• Through wholesale traders, through factory outlets, through godowns

What is a chain of markets and what purpose does it serve?

• A series of markets that are connected, it helps in the distribution of goods

• A series of markets that are not connected, it helps in reducing the prices of goods

• A series of markets that are not connected, it serves no purpose

• A series of markets that are connected, it helps in increasing the prices of goods

Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?

• Because the goods in permanent shops are of higher quality

• Because the sellers in permanent shops do not allow bargaining

• Because the sellers in permanent shops incur more expenses

• Because the goods in permanent shops are non-branded

What are the different kinds of shops that you find in your neighbourhood? What do you purchase from them?

• Fruits, vegetables, utensils, clothes

• Groceries, stationery, medicines, milk

• Dairy shops, departmental stores, eatables, clothes

• Branded products, non-branded products, electronics, clothes

Why do you think the guard wanted to stop Kavita and Sujata from entering the shop? What would you say if someone stops you from entering a shop in a market?

• Because the guard wanted to check their bags for security reasons

• Because the guard thought they could not afford the products

• Because the guard did not want them to buy expensive products

• Because the guard knew them, because they were not dressed properly