Cotton Market and Farming Quiz

Why did Swapna sell her cotton to the trader instead of the Kurnool cotton market?

• The trader paid her a higher price.

• She was under a loan agreement with the trader.

• The Kurnool market was closed.

• The trader offered her seeds and fertilizers.

What does the "putting-out system" involve?

• Farmers selling cotton directly in the market.

• Merchants supplying raw materials and collecting finished products.

• Workers getting fair wages for their work.

• Traders exporting finished goods.

Which of the following is a challenge faced by small farmers like Swapna?

• High interest loans.

• Lack of access to markets.

• Dependence on powerful traders.

• All of the above.

How do cooperatives benefit weavers?

• By reducing their dependence on merchants.

• By providing free yarn.

• By offering free loans.

• By allowing direct exports.

What is the primary reason garment exporters agree to the demands of foreign buyers?

• They want to build goodwill.

• They face high competition in the market.

• The buyers set strict conditions for price and quality.

• They aim to cut costs.

What does a ginning mill do?

• Spins cotton into yarn.

• Removes seeds from cotton bolls.

• Weaves yarn into cloth.

• Exports cotton abroad.

What role do wholesale traders play in the chain of markets?

• They buy and sell goods in large quantities.

• They directly deliver goods to consumers.

• They manufacture goods for the producers.

• They only sell branded products

Which of the following best explains the term "chain of markets"?

• A process where only producers and consumers interact.

• A network of interconnected markets through which goods pass from producers to consumers.

• A marketplace where goods are sold directly to retailers.

• A market system where wholesalers sell directly to consumers

Why are many workers employed temporarily in garment factories?

• To provide job flexibility.

• To reduce the factory's labor costs.

• To meet seasonal demands only.

• To promote skill-based hiring.

What is one way to ensure fair wages for workers and producers?

• Encourage the putting-out system.

• Form cooperatives for producers and workers.

• Increase dependency on foreign buyers.

• Eliminate government intervention