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NCERT 7th Class (CBSE) Social Science: Markets Around Us

NCERT 7th Class (CBSE) Social Science: Markets Around Us – Quiz

NCERT 7th Class (CBSE) Social Science: Markets Around Us – Quiz

16 Multiple Choice Questions related to NCERT 7th Class (CBSE) Social Science: Markets Around Us – Quiz:

  • A market is a place where people need to exchange goods, service and information.
  • In olden times, people exchanged goods through barter. To enable exchange on a more even basis, money was invented.
  • The movement of a product from the manufacturer to the consumer involves various stages-marketing, production, transportation, storage, selling and after-sale services.
  • There are different types of markets-weekly markets, neighborhood markets, supermarkets, malls and online stores.
  • Most goods are sold either through wholesalers or through retailers. Some goods are sold directly to the consumer by the producer.

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