By solving Class 7 SST MCQ and Class 7 Social Science Chapter 12 Understanding Markets MCQs Online Test regularly, students improve time management.
Class 7 Understanding Markets MCQ with Answers
Understanding Markets MCQ Class 7
Class 7 SST Chapter 12 Understanding Markets MCQ with Answers
Question 1.
Is an important feature in completing a transaction in market –
(a) Price
(b) Wants
(c) Cost
(d) Business
Answer:
(a) Price
Question 2.
Hampi Bazaar was part of which empire?
(a) Chola
(b) Mauryan
(c) Vijayanagara
(d) Shaka
Answer:
(c) Vijayanagara
Question 3.
In which type of market do buyers and sellers not need to meet in person to engage in transaction?
(a) Direct Market
(b) Online Market
(c) Local Market
(d) None of these
Answer:
(b) Online Market
Question 4.
A market where goods and services are bought and sold outside a nation’s boundary-
(a) Online Market
(b) Local Market
(c) Direct Market
(d) International Market
Answer:
(d) International Market
Question 5.
What does India import from Africa?
(a) Electrical equipment
(b) Mineral oil
(c) Diamonds
(d) Vegetable oil
Answer:
(c) Diamonds
Question 6.
India exports to Africa-
(a) Refined mineral oil
(b) Pharmaceuticals
(c) Chemical products
(d) Software services
Answer:
(b) Pharmaceuticals
Question 7.
The place where the produce is stored is called –
(a) Mandi
(b) Market
(c) Godown
(d) Store
Answer:
(c) Godown
Question 8.
The wholesalers supply goods to the shops located near households; these shopkeepers are called-
(a) Distributer
(b) Manufacturer
(c) Consumer
(d) Retailer
Answer:
(d) Retailer
Question 9.
City famously known as a textile hub-
(a) Surat
(b) Jodhpur
(c) Jaipur
(d) Lucknow
Answer:
(a) Surat
Question 10.
IST issues the certification mark on-
(a) Electrical appliances
(b) Automotive tires
(c) Paper
(d) All of these
Answer:
(d) All of these
Understanding Markets Class 7 Fill in the blanks
1. The ………………….. textile market consists of thousands of factories manufacturing cotton and synthetic textiles.
Answer:
Surat
2. …………………… are present everywhere and in various forms.
Answer:
Markets
3. ……………………. help increase the availability of goods and services to households.
Answer:
Retailers
4. The primary role of the market is to promote ………………… activities.
Answer:
economic
5. The …………………. has a role in ensuring the welfare of consumers and protecting them from unfair practices.
Answer:
government
6. The ……………………… packs the products and delivers them to the online buyer.
Answer:
aggregator
Understanding Markets Class 7 True or False
1. Markets connect people, traditions, and ideas.
Answer:
True
2. In the online market, vendors display and sell various items from their stalls.
Answer:
False
3. Manufacturers can also buy components online to be used as inputs for production of goods.
Answer:
True
4. The shopkeepers supply goods to the shops located near households.
Answer:
False
Understanding Markets Class 7 Match the following
Question 1.
| List I | List II |
| (i) Palm oil | (a) Karnataka |
| (ii) Hampi | (b) Portuguese traveller |
| (iii) Kannada word for | (c) Marukatte Market |
| (iv) Domingos Paes | (d) Weekly markets and haats |
| (v) Physical markets | (e) Thailand |
Answer:
| List I | List II |
| (i) Palm oil | (e) Thailand |
| (ii) Hampi | (a) Karnataka |
| (iii) Kannada word for | (c) Marukatte Market |
| (iv) Domingos Paes | (b) Portuguese traveller |
| (v) Physical markets | (d) Weekly markets and haats |
Question 2.
| List I | List II |
| (i) Buying and selling | (a) Unique market in Imphal |
| (ii) Ima Keithal | (b) Electronic appliances |
| (iii) BEE STAR rating | (c) Online market |
| (iv) Shopping from App or Website | (d) Low-temperature specialized warehouse |
| (v) Cold-storage | (e) Economic activity |
Answer:
| List I | List II |
| (i) Buying and selling | (e) Economic activity |
| (ii) Ima Keithal | (b) Electronic appliances |
| (iii) BEE STAR rating | (c) Online market |
| (iv) Shopping from App or Website | (d) Low-temperature specialized warehouse |
| (v) Cold – storage | (a) Unique market in Imphal |
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