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Markets Around US

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

where do you find shopping complexes?

a)

Rural area

b)

Urban area

c)

Both 1 and 2

d)

None of these

2.

who is trader?

a)

people between employee and customer

b)

people between producer and consumer

c)

people between staff and employee

d)

none of these

3.

what refers to buying and selling in large quantities?

a)

Weekly market

b)

wholesale market

c)

Mall

d)

Cineplex

4.

who is retailer?

a)

small traders

b)

whole sale

c)

sales man

d)

None of these

5.

why is weekly market called so?

a)

Because it is held daily

b)

Because it is held on alternate days

c)

Because it is held specific day of week

d)

All of above

6.

The ........................ shop owners have to pay taxes and rent

a)

Temporary

b)

Makeshift

c)

Permanent

d)

Regular

7.

What is a Market??

a)

a place where we buy medicines

b)

a place to popularise products

c)

a place where goods and services are exchanged for a price

d)

a place where we buy Cars

8.

What is Mandi?

a)

name of a mall in gujarat

b)

an agricultral market where farmers get the best deals for their yield

c)

Both (a) and (b)

d)

None of these

9.

Why should the wholesale trader buy the stocks from the producers; why not the retailers?

a)

The Constitution of India says so.

b)

Retailers are not able to access the producers.

c)

The producers wouldn't be interested in selling small quantities to the retailers.

d)

All of the above

10.

In general, the people who buy stocks from the producers and then supply it to the consumers are called_______

a)

Contractors

b)

Retailers

c)

Traders

d)

None of the above

11.

Why are goods cheaper in weekly markets?

A) They don't pay extra fee for any other reason.

B) They sell low quality goods.

C) To get many consumers to buy from their shops.

a)

Only B)

b)

Both A) and C)

c)

Both C) and B)

d)

All of the above.

12.

What do you understand by 'Chain of Market'?

a)

Markets linked together where products are passed until it reaches the consumers

b)

Markets buying others market products.

c)

The process of selling products to one another directly.

d)

All of the above

13.

Buying and selling also take place without going to the market but through telemarketing and internet.

a)

True

b)

False

14.

Online shopping is catching up in India at a very fast rate.

a)

False

b)

True

15.

What is a neighbourhood Market?

a)

marketplaces next to residential areas

b)

shops in huge malls

c)

a weekly market

d)

a shopping complex