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Class 7 Civics MCQ questions with detailed explanations on markets, wholesalers, retailers, weekly markets, online shopping, and consumer awareness.
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Q1. A series of markets connected like links in a chain is called?
Correct Answer: B) Chain of markets
Detailed Explanation:
Many markets are connected with one another through producers, wholesalers, retailers, and consumers. Goods move from one market to another before reaching customers. This network of interconnected markets is known as a chain of markets. It helps products reach different regions efficiently.
Important NCERT Points:
- Markets are interconnected through buying and selling activities.
- Goods pass through different levels before reaching consumers.
- Producers, wholesalers, and retailers form a market chain.
Exam-Oriented Fact:
A market chain helps distribute products from production centers to consumers across different locations.
Quick Revision Line:
A connected network of markets is called a chain of markets.
Q2. Who is a ‘Wholesaler’?
Correct Answer: B) One who buys and sells in large quantities
Detailed Explanation:
A wholesaler purchases goods in bulk directly from producers or manufacturers. These goods are then sold to retailers in large quantities. Wholesalers play an important role in the distribution system by connecting producers and retailers.
Important NCERT Points:
- Wholesalers buy goods in bulk.
- They act as intermediaries between producers and retailers.
- Retailers usually purchase products from wholesalers.
Exam-Oriented Fact:
Wholesalers help reduce transportation and storage costs by handling large quantities of goods.
Quick Revision Line:
A wholesaler buys and sells goods in large quantities.
Q3. Why are things cheaper in weekly markets?
Correct Answer: A) No permanent shops and low overhead costs
Detailed Explanation:
Weekly market sellers usually do not own permanent shops and therefore spend less on rent, electricity, and maintenance. Their operating costs are lower than those of permanent shops. As a result, they can often sell products at comparatively lower prices.
Important NCERT Points:
- Weekly markets have lower business expenses.
- Sellers move from one place to another.
- Lower costs often lead to lower prices for consumers.
Exam-Oriented Fact:
Weekly markets provide affordable goods to a large number of people, especially in small towns and villages.
Quick Revision Line:
Goods are cheaper in weekly markets because business costs are low.
Q4. What do we call a person who sells goods to the consumer?
Correct Answer: B) Retailer
Detailed Explanation:
A retailer sells goods directly to consumers in small quantities. Retailers purchase products from wholesalers or manufacturers and make them available to customers. Grocery shops, clothing stores, and supermarkets are common examples of retail businesses.
Important NCERT Points:
- Retailers sell directly to consumers.
- They are the final link in the market chain.
- Retail sales are usually made in small quantities.
Exam-Oriented Fact:
Retailers help consumers access a wide variety of products conveniently.
Quick Revision Line:
A retailer sells goods directly to consumers.
Q5. Can we buy goods without going to the market today?
Correct Answer: B) Yes, through internet/online
Detailed Explanation:
Modern technology allows consumers to purchase goods through online shopping platforms. Customers can compare products, place orders, and receive deliveries at their homes. Online shopping has become an important part of today’s market system.
Important NCERT Points:
- Online shopping uses the internet for buying and selling.
- Goods can be ordered from home.
- Digital technology has changed the way markets operate.
Exam-Oriented Fact:
E-commerce platforms have expanded market access for both sellers and consumers.
Quick Revision Line:
Goods can be purchased online without visiting a market.
One-Line Revision Sheet
- Connected markets together form a chain of markets.
- A wholesaler buys and sells goods in large quantities.
- Weekly market goods are cheaper due to lower operating costs.
- A retailer sells goods directly to consumers.
- Online shopping allows people to buy goods through the internet.
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