RBSE Class 7 Social Science Important Questions Civics Chapter 7 Markets Around Us

Rajasthan Board RBSE Class 7 Social Science Important Questions Civics Chapter 7 Markets Around Us Questions and Answers. 

RBSE Class 7 Social Science Important Questions Civics Chapter 7 Markets Around Us

Multiple Choice Questions

Question 1. 
For making online purchases, we use
(a) Credit card 
(b) PAN card
(c) Ration card 
(d) All of them
Answer:
(a) Credit card 

 

Question 2. 
Which is commonly not found in our neighbourhood:
(a) departmental store
(b) dairy
(c) shopping complex
(d) grocery
Answer:
(c) shopping complex

Question 3. 
What are different types of markets?
(a) Weekly 
(b) Neighbourhood
(c) Mall 
(d) All of these
Answer:
(d) All of these

Question 4. 
Shopkeeper in a weekly market called:
(a) small traders 
(b) large traders
(c) wholesalers
(d) all of these
Answer:
(a) small traders 

Question 5. 
We can buy medicine from:
(a) weekly market
(b) dairy
(c) chemist shop
(d) groceries
Answer: 
(c) chemist shop

Fill in the blanks

Question 1. 
The people in between the producer and the final consumer are called .................   
Answer:
traders

Question 2. 
The wholesale trader first buys goods in ................. 
Answer:
bulk

Question 3. 
Goods reach faraway places through the ................. 
Answer:
traders

Question 4. 
The companies producing branded goods at times sell them through ................. 
Answer:
markets

Question 5. 
Many things in weekly markets are available at ................. rates.
Answer: 
cheaper.

True/False

Question 1. 
Weekly markets have a large number of shops selling the same goods.
Answer:
True

Question 2. 
Producers sell small quantities of goods.
Answer:
False

Question 3. 
The largest wholesaling vegetable market in Delhi is in Azadnagar.
Answer:
False

Question 4. 
Weekly markets have permanent shops.
Answer:
False

Question 5. 
In malls we get both goods and services.
Answer: 
True

Match the column

Column A	Column B
1. Weekly Market	(a) provides goods on. credit
2. Neighbourhood	(b) goods reach Shops faraway places
3. Urban Areas	(c) wholesale market in Delhi
4. Links of Traders	(d) held on specific day of the week
5. Keshopur	(e) malls

Answer:

Column A	Column B
1. Weekly Market	(d) held on specific day of the week
2. Neighbourhood	(a) provides goods on. credit
3. Urban Areas	(e) malls
4. Links of Traders	(b) goods reach Shops faraway places
5. Keshopur	(c) wholesale market in Delhi

Very Short Answer Type Questions

Question 1. 
What are the different types of markets?
Answer: 
The different types of markets include shops, hawker stalls in our neighbourhood, a weekly market, a large shopping complex and a mall.

Question 2. 
Why do people go to the markets? 
Answer: 
People go to markets for their everyday needs. They buy many things. For example, vegetables, soaps, toothpastes, masalas, breads, rice, clothes, notebooks, biscuits, etc.

Question 3. 
Which shops are found in your neighbourhood?
Answer: 
The shops found in our neighbour¬hood are dairy shops, departmental stores, stationery, eatables, chemist shops, vegetable hawkers, the fruit vendors etc.

Question 4. 
Why do the shops in your neighbourhood provide goods on credit?
Answer: 
The shops in our neighbourhood provide goods on credit because here buyer and seller know eadi other.

Question 5. 
Why cannot everyone afford to do shopping in malls?
Answer: 
The prices of the goods found in the malls are very high as compared to that of weekly market and neighbourhood shops.

Question 6. 
How does buying and selling help in improving the economic status?
Answer: 
Buying and selling encourage production and new employment opportuni-ties are also created.

Question 7. 
Name the types of markets.
Answer: 
Neighborhood shops, weekly markets and shopping malls.

Question 8. 
What do you mean by traders?
Answer: 
he people in between the producer and the final consumer are the traders.

Question 9. 
Name any two types of traders?
Answer: 

1. Wholesaler, 
2. Traders.

Question 10. 
What do you understand by wholesaler?
Answer: 
A wholesaler is one who buys a large quantity of goods and sells them to a small traders.

Question 11. 
What do you mean by weekly market?
Answer: 
Weekly markets are the markets that are held on a specific day of the week.

Short Answer Type Questions

Question 1. 
What are weekly markets? Write its important characteristics.
Answer: 
Weekly markets are the markets that are held on a specific day of the week. Their characteristics are:

1. They do not have permanent shops.
2. The sellers set up their shops for a day or more and close them up by the evening. They set up their shop at a different place the next day.
3. The products here are cheaper because they do not have to incur expenses like wages of workers, electricity bills. These shop owners sell things they produce at home and are helped by their family members.
4. People come here for purchasing of their everyday requirements.

Question 2. 
Why do the sellers face tough competition in weekly markets?
Answer: 
The sellers in the weekly market face tough competition because similar kind of goods are sold by a number of shops at the same time. This increases the competition among them. If any trader charges a high price people would move to another shop where the same thing is available at a cheaper rate. People prefer to go to the shop where the vendor can bargain and bring the price down.

Question 3. 
How does Sameer do his business in a weekly market?
Answer: 
Sameer is a small trader in the weekly market. He buys clothes from a big trader in the town and then sells these clothes in six different weekly markets. He moves in a group of cloth sellers. The group of cloth sellers hire a mini van for this. His customers are from villages that are near that marketplace. At festival time, such as during Deepavali or Pongal, he does a good business.

Long Answer Type Questions

Question 1. 
How do various markets also present an issue of inequality?
Answer: 
Inequality exists in the earnings made by the small shopkeepers and the big businessmen. The weekly market traders earn a little amount of profit as compared to the shop owners at the mall where the profit margin is very high. This is so because the weekly market sells the products at cheaper rates whereas the products available in the malls are 5 times higher than that of weekly market. Inequality exists in the purchasing capacity of the consumer also. There are people who are not able to afford even the cheapest of the goods. Whereas some consumers prefer to do shopping in the malls especially they look for the branded products. Therefore, buying and selling depend upon the money that we have in our pockets.