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INDIAN SCHOOL AL MAABELA
(ISO 9001:2015 CERTIFIED INSTITUTION)
MIDDLE SECTION

DEPARTMENT OF SOCIAL SCIENCE
WORKSHEET

ISAM/FR/MDL/WF/03 Class: VII Sec: Roll No:

Name of the Student: Worksheet No:16 Date: 09.02.2021

Resource Person: Mrs. Moushmi Mohammed Raffi
Topic/Lesson: Market Around Us

I. Multiple choice questions

1. Goods are produced in:

(a) Factories (b) Farms (c) Industries (d) All of these

2. Which of the following can be used for online purchase?

(a) Credit cards (b) Debit cards (c)Both a and b (d)Smart cards

3. Which of the following is a feature of Mall?

(a) Air-conditioned buildings (b) Multi-storeyed buildings

(c) Shops on different floors (d) All of the these

4. ________________ is near our home and we can go there on any day of the week.

(a) Retail shops (b) Malls & Complex

(c) Neighborhood shops (d) None

5. Who kept stock of products or goods in bulk?

(a) Wholesaler (b) Market seller

(c) Retailer (d) Producer

6. 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

7. What is an enclosed shopping space in shops, restaurants, and cinema theatres?

(a) Mall (b) Local market (c) Weekly market (d) None of these

8. Order of chain of marketing. (b) Agents – Producer – Wholesaler – Retailer
(d) Producer – Agents – Wholesaler - Retailer
(a) Producer- Agents- Retailer- Wholesaler
(c) Producer – Retailer – Retailer – Agents

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II. Fill in the blanks:
1. Neighborhood markets often give goods to their regular customers on credit.
2. The shopping malls mostly sells branded items.
3. The people in between the producer and final consumer are traders.
4. People in urban areas can enter markets without stepping out of
their homes through the Internet.
5. The weekly market trader earns little compared to the profit of a regular shop owner in a shopping complex.

III. Answer the following:
1. How are shops in our neighborhood useful for us?
Ans. Shops in the neighborhood 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.

2. What are the advantages of weekly markets?
Ans. Advantages of a weekly market is that most things you need are available in one place. Whether it is
vegetable, groceries, cloth, utensils etc. You do not have to go to a different area to buy different things.

3. What is a chain of market? Do you think that everyone gains equally in the market?
Ans. A series of markets that are connected like links forms chain of market. Products passes from one market
to another. Shop owner in weekly market and in shopping complexes are different people. One is small trader
with little money while other can spend lot of money. They also earn unequal amounts. Similarly, buyers are
also different, there are many who are not able to afford the cheapest goods while buys only branded items
from shopping malls. Everyone is not treated equally in a market.

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