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Markets Around Us

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Which of these markets cannot be visited on any day of the week?

a)

Weekly market

b)

Neighbourhood shops

c)

Shopping malls

d)

Online shopping apps

2.

Which of the following is a salient feature of neighbourhood shops?

a)

They are fully air conditioned and multi-storeyed.

b)

Tuesday market is an example of this market.

c)

Here, shopkeepers give goods on credit to their consumers.

d)

These shops are temporary.

3.

Who connects the producer to the consumer in the chain of markets?

a)

Farmer

b)

Traders

c)

Only a

d)

Both a and b

4.

Who is Raghu and what does he do for a living?

a)

A vegetable producing farmer.

b)

A textile mill owner.

c)

A factory worker.

d)

A wholesale trader.

5.

Who is the final recipient in the chain of markets?

a)

Producer

b)

Wholesale trader

c)

Retailer

d)

Consumer

6.

Which of the these statements show that markets are no longer restricted to a shop?

a)

Ordering goods on the phone or through shopping apps.

b)

Visiting malls and shopping complexes.

c)

Sales representatives selling goods from door to door.

d)

Both a and c.

7.

Choose the correct statement:

a)

We go to a factory to buy car.

b)

We pay for goods using visiting card.

c)

We can use Myntra for online shopping.

d)

Retailers sell goods in bulk.

8.

Why did Sujata took Kavita to another shop instead of buying clothes from the Anzal Mall?

a)

She could not afford the clothes available in the mall.

b)

The clothes at the mall had a lower quality.

c)

She did not like that the security guard at the mall stared at her.

d)

All of these.

9.

Inequality is seemingly visible in the markets.

a)

True.

b)

False.

10.

Which statements indicate that buyers and sellers are differently placed in the market?

a)

Some buyers are busy shopping in malls, others cannot afford even cheap goods.

b)

All sellers cannot sell their goods in a mall.

c)

There is competition among sellers in a weekly market.

d)

Both a and b.

11.

From which of these shops, would you buy medicines?

a)

Pharmacy

b)

Grocery store

c)

Myntra

d)

None of these.

12.

Sellers in the weekly market hire workers to help them in arranging the goods etc.

a)

True.

b)

False.