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Class 7 Civics Chapter 7 Markets Around Us

The document provides a series of extra questions and answers related to Class 7 Civics Chapter 7, which discusses markets and their various components, including retailers, wholesalers, and the significance of different market types. It highlights the roles of traders, the importance of weekly markets, and the differences in pricing between branded and non-branded goods. Additionally, it touches on the convenience of neighborhood shops and the evolving nature of buying and selling through modern means like the internet.

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Saraswati maharana
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8 views6 pages

Class 7 Civics Chapter 7 Markets Around Us

The document provides a series of extra questions and answers related to Class 7 Civics Chapter 7, which discusses markets and their various components, including retailers, wholesalers, and the significance of different market types. It highlights the roles of traders, the importance of weekly markets, and the differences in pricing between branded and non-branded goods. Additionally, it touches on the convenience of neighborhood shops and the evolving nature of buying and selling through modern means like the internet.

Uploaded by

Saraswati maharana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Class 7 Civics Chapter 7 Markets Around Us

Extra Questions and Answers

Very Short Extra Questions and Answers

1: Who is a retailer?

Answer: Traders who sell good to the consumers

2: Who is a wholesale trader?

Answer: People or traders who buy and sell thing in bulk and
sold them to other traders

3: State an advantage of weekly market.

Answer: Most of the things we need are available at one place.

4: Why branded goods are expensive as compared to non-


branded goods?

Answer: Branded goods are often promoted by advertising,


which costs a lot and thus are expensive.

5: Why fewer people can afford to buy branded goods?

Answer: Because these goods are expensive

6: The people in between the producer and final consumer


are __________________.
Answer: Traders

7: For buying and selling, shops are must in the market.


True/ False

Answer: False

8: These days’ goods can be delivered at home through


internet also. True/False

Answer: True

9: What is the importance of chain of market?

Answer: It is because of chain of market that goods produced at


one place reaches people everywhere

10: Define wholesale.

Answer: Wholesale means buying and selling of goods and


products in very large quantities.

11: What is chain of market?

Answer: A series of markets that are connected like links forms


chain of market. Products passes from one market to another.

12. Why is weekly market so called?

Answer: A weekly market is so called because it is held on a


specific day of the week.
13. Name some roadside stalls.

Answer: Some roadside stalls are vegetable hawker, the fruit


vendor and the mechanic.

14. What is wholesale market?

Answer: This is a place where goods first reach and are then
supplied to other traders.

15. How buyers are differently placed?

Answer: Buyers are differently placed. There are many who are
not able to afford the cheapest of goods while others are busy
shopping in malls.

16. Why is there a competition among the shops in the


weekly market?

Answer: In a weekly market there are many shops selling the


same goods which creates competition among them.

17. Why branded goods are expensive as compared to non-


branded goods?

Answer: Branded goods are often promoted by advertising,


which costs a lot and thus they are expensive.

18. Why fewer people can afford to buy branded goods?

Answer: Only fewer people can afford to buy branded goods


because branded goods are expensive.
Short Extra Questions and Answers

1. Why don’t we buy directly from the factory or from the


farm?

Answer: We don’t buy directly from the factory or from the


farm because producers would not be interested in selling us
small quantities such as one kilo of vegetables or one plastic
mug.

2. Who is a retailer? Give some examples.

Answer: The trader, who finally sells goods to the consumer, is


the retailer. This could be a trader in a weekly market, a hawker
in the neighbourhood or a shop in a shopping complex.

3. How are shops in neighbourhood useful to us?

Answer: Shops in the neighbourhood are useful in many ways.


They are near our home and we can go there on any day of the
week. Usually, the buyer and seller know each other and these
shops also provide goods on credit.

4. Why are goods sold in permanent shops costlier than


those sold in the weekly markets or by roadside hawkers?

Answer: This is because when shops are in permanent


buildings, they incur a lot of expenditure – they have to pay rent,
electricity, fees to the government. They also have to pay wages
to their workers.

5. Why is a wholesale trader necessary?


Answer: The people in between the producer and the final
consumer are the traders. The wholesale trader first buys goods
in large quantities. These will then be sold to other traders. In
these markets, buying and selling takes place between traders. It
is through these links of traders that goods reach faraway places.

6. Who are the sellers in a weekly market? Why don’t we


find big business persons in these markets?

Answer: Weekly markets do not have permanent shops. Traders


set up shops for the day and then close them up in the evening.
Then they may set up at a different place the next day. We don’t
find big business persons in these markets because they sell their
products through shops in large urban markets, malls and, at
times, through special showrooms.

7. What are the different kinds of shops that you find in your
neighbourhood? What do you purchase from them?

Answer: Shops that sell goods and services in our


neighbourhoods are departmental stores, other shops such as
stationery, eatables or medicines and roadside stalls such as the
vegetable hawker, the fruit vendor, the mechanic, etc. We buy
milk from the dairy, groceries from departmental stores,
stationery, eatables or medicines from other shops.

8. Who is Sameer in the chapter and what does he do?

Answer: Sameer is a small trader in the weekly market. He buys


clothes from a large trader in the town and sells them in six
different markets in a week. He and other cloth sellers move in
groups. They hire a mini van for this. His customers are from
villages that are near the marketplace. At festival times, such as
during Deepavali or Pongal, he does good business.

9. ‘Buying and selling can take place without going to a


marketplace.’ Explain this statement with the help of
examples.

Answer: We can place orders for a variety of things through the


phone and these days through the Internet, and the goods are
delivered at our home. In clinics and nursing homes, we may
have noticed sales representatives waiting for doctors. Such
persons are also engaged in the selling of goods. Thus, buying
and selling takes place in different ways, not necessarily through
shops in the market.

10. Why do you think the guard wanted to stop Kavita and
Sujata from entering the shop? What would you say if
someone stops you from entering a shop in a market?

Answer: Malls are shops with branded products that are costly
and only the rich people can afford to buy them but the guard
saw that Kavita and Sujata were not so rich to buy the products
of the shop and that’s why he wanted to stop them to enter the
shops. If some stops me entering the shop I would feel
embarrassed but would tell him that he has no right to stop me
like this.

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