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Markets Around Us

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

What are different types of markets?

a)

Weekly

b)

Neighbourhood

c)

Mall

d)

All of these

2.

Why is weekly market called so?

a)

Because it is held on a specific day of the week

b)

Because it is held on alternate days

c)

Because it is held daily

d)

All of the above

3.

Shopkeepers in a weekly market are

a)

Small traders

b)

Large traders

c)

Wholesalers

d)

All of the above

4.

What refers to buying and selling in large quantities?

a)

Weekly market

b)

Mall

c)

Wholesale

d)

Cineplex

5.

What are the link between producers and traders?

a)

customer

b)

wholesaler

c)

retailer

d)

none of these

6.

What are the benefits of neighbourhood shops?

a)

They are near to our home

b)

We can go there on any day of the week

c)

They can provide goods on credit

d)

All of the above

7.

What is done in wholesale markets?

a)

Goods are very high in price

b)

Goods reach here in the end

c)

Goods reach here first

d)

None of the above

8.

Who is a retailer?

a)

small trader

b)

sales man

c)

wholesaler

d)

none of the above

9.

Where are shopping complex and malls found?

a)

rural areas

b)

urban areas

c)

both a and b

d)

None of these

10.

where do you find shopping complexes?

a)

Rural area

b)

Urban area

c)

Both 1 and 2

d)

None of these

11.

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

a)

Temporary

b)

Makeshift

c)

Permanent

d)

Regular

12.

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

13.

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

14.

The roadside hawkers sell

a)

vegetables

b)

fruits

c)

plastic items

d)

all of these

15.

What is an enclosed shopping space in a large building with many floors having shops, restaurants, and cinema theatres?

a)

Mall

b)

Local market

c)

Weekly market

d)

None of these

16.

What is a series of markets that is connected like links in a chain because products ‘ pass from one market to another?

a)

Chain of market

b)

Wholesale market

c)

Weekly market

d)

Shopping malls

17.

We can purchase goods through which of the following means other than markets:

a)

Internet

b)

Phone

c)

None of these

d)

Both of these

18.

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.

19.

What is a neighbourhood Market?

a)

marketplaces next to residential areas

b)

shops in huge malls

c)

a weekly market

d)

a shopping complex

20.

When is weekly market open

a)

A particular day

b)

Everyday

c)

Friday and Saturday

21.

We have temporary and permanent shops in our neighbourhood.

a)

True

b)

False

22.

Shopping complexes are made in rural areas.

a)

True

b)

False

23.

Shops in the neighbourhood provide goods even on credit.

a)

True

b)

False

24.

It is necessary to go to market to purchase goods.

a)

True

b)

False

25.

A weekly market trader earns little compared to regular shopkeeper.

a)

True

b)

False