Question 1.
What are different types of markets?
(a) Weekly
(b) neighbourhood
(c) Mall
(d) All of these
Answer
Answer: (d) All of these
Question 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
Answer
Answer: (a) Because it is held on a specific day of the week
Question 3.
Shopkeepers in a weekly market are
(a) small traders
(b) large traders
(c) wholesalers
(d) all of these
Answer
Answer: (a) small traders
Question 4.
From where can we buy the medicines?
(a) Weekly market
(b) Dairy
(c) Chemist shop
(d) Groceries
Answer
Answer: (c) Chemist shop
Question 5.
The road side hawkers sell a large building with many floors having
(a) vegetables
(b) fruits
(c) plastic items
(d) all of these
Answer
Answer: (d) all of these
Question 6.
What is an enclosed shopping space in shops, restaurants and cinema theatres?
(a) Mall
(b) Local market
(c) Weekly market
(d) None of these
Answer
Answer: (a) Mall
Question 7.
What dpes refer to buying and selling in large quantities?
(a) Weekly market
(b) Mall
(c) Wholesale
(d) Cineplex
Answer
Answer: (c) Wholesale
Question 8.
Where is the largest wholesaling vegetable market in Delhi?
(a) Azadmarket
(b) Azadpur
(c) Azad Nagar
(d) None of these
Answer
Answer: (b) Azadpur
Question 9.
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
Answer
Answer: (a) Chain of market
Question 10.
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
Answer
Answer: (d) Both of these
Question 11.
What type of items are sold in the malls?
(a) Branded
(b) Unbranded
(c) Cheap
(d) All of these
Answer
Answer: (a) Branded
Match the contents of Column A with that of Column B.
| Column A | Column B |
| 1. Retailer | (a) People between producer and consumer |
| 2 Wholesaler | (b) Goods are stored here |
| 3. Trader | (c) Selling directly to consumer |
| 4. Godown | (d) Buying and selling in large quantities |
Answer
Answer:
| Column A | Column B |
| 1. Retailer | (c) Selling directly to consumer |
| 2 Wholesaler | (d) Buying and selling in large quantities |
| 3. Trader | (a) People between producer and consumer |
| 4. Godown | (b) Goods are stored here |
Fill in the blanks with appropriate words.
1. Weekly markets have ………….. shops
Answer
Answer: temporary
2. A wholesale trader sells the goods to a ………………
Answer
Answer: retailer
3. In malls we get both …………… and ………….. goods.
Answer
Answer: branded and unbranded
4. Traders are a link between ………….. and ……………
Answer
Answer: producers and consumers
5. We can purchase goods through …………….. without going to the markets.
Answer
Answer: internet
State whether the given statements are true or false.
1. We have temporary and permanent shops in our neighbourhood.
Answer
Answer: True
2. Shopping complexes are made in rural areas.
Answer
Answer: False
3. Shops ill the neighbourhood provide goods even on credit.
Answer
Answer: True
4. It is necessary to go to market to purchase goods.
Answer
Answer: False
5. A weekly market trader earns little compared to regular shopkeeper.
Answer
Answer: True