Shopkeepers in a weekly market are

1

(a)

large traders

(b)

wholesalers

(c)

big businessmen

(d)

small traders

The market which is held on a specific day of a week is

1

(a)

daily market

(b)

vendor market

(c)

weekly market

(d)

None of these

What do we buy from a doctor or an accountant?

1

(a)

Milk

(b)

Vegetables

(c)

Services

(d)

None of these

What refers to buying and selling in large quantities?

1

(a)

Weekly market

(b)

Wholesale

(c)

Mall

(d)

Cineplex

Traders are the link between producers and:

1

(a)

Wholesaler

(b)

Customer

(c)

Retailer

(d)

None of these

__________ is used for making online purchases.

1

(a)

Credit Card

Sameer is a ____________ trader in weekly market.

1

(a)

Small

Large multi-storeyed air conditioned buildings with shops on different floors are known as ________________

1

(a)

malls

Use of credit cards to purchase goods without stepping into the markets known as ______________

1

(a)

online purchases

The place where we buy and sell different goods are called ______________

1

(a)

markets

Wholesaler sells the goods finally to the consumers

1

(a) True

(b) False

Weekly markets sell both branded and non-branded goods.

1

(a) True

(b) False

There are thousands of weekly markets in India.

1

(a) False

(b) True

Retailers sell different articles to the producer.

1

(a) True

(b) False

Shops in the neighbourhood are useful in many ways.

1

(a) False

(b) True

Define market.

1

(a)

Market is a place where buying and selling occurs.

What kind of goods do you get in the urban markets?

1

(a)

Both branded and non-branded goods are available in the urban markets.

Give reason why we do not buy goods directly from producers.

1

(a)

We don't buy goods directly from producers because they are not interested in selling goods in small quantities

What are the benefits of neighbourhood shops?

1

(a)

Shops in the neighbourhood are useful in many ways:
(i) They are near our home and we can go there on any day of the week.
(ii) These shops also provide goods on credit.

What do you mean by malls?

1

(a)

Malls are multi-storeyed air-conditioned buildings with shops on different floors.

Why do people go to a weekly market? Give three reasons.

3

(a)

How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.

3

(a)

Read the information given below and answer the question that follows
Anzal Mall is a five-floor shopping complex. Kavita and Sujata were enjoying going up and down in the lift. It seemed as if it was made of glass and they were able to see outside as they went up. It was fascinating to see so many different kinds of shops such as the ice-cream, burger, pizza and other food shops; shops full of home appliances; footwear and leather items as well as bookshops.
While wandering about on the third floor they entered a shop that was selling branded ready-made clothes.
The security guard looked at them as if he wanted to stop them but he did not say anything. They looked at some dresses and then looked at the price tag. None of them was less than Rs.2000, almost five times the weekly market price! Sujata whispered to Kavita, "I'll take you to another shop which has good quality ready-made clothes at more reasonable prices".
Why do you think 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?

3

(a)

What is the importance of neighbourhood shops?

3

(a)

Give an account of those things which we do not directly use.

4

(a)

What are the different ways of buying and selling goods?

4

(a)

Write a note on weekly markets.

5

(a)

On the basis of given picture, answer the questions that follows

What kind of trader is he?

5

(a)