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(Assessment of Learning Outcome)

A. Tick () the correct option :
1. Internet is related to which type of market?
(a) Big bazaar (b) Weekly market

(c) Shopping malls (d) Virtual market
2. Where do we usually go to buy a soap?
(a) Shopping malls (b) Shopping complex
(c) Weekly market (d) Neighbourhood market
3. Which of these is not produced in factories?
(a) Rice (b) Car
(c) Biscuit (d) Soap
4. In which of the following markets, goods are sold in small quantities at a time?
(a) Retail market (b) Wholesale market

(c) International market (d) None of these
B. Fill in the blanks :
1. A ___________________ fulfils the needs of consumers.
2. Consumers generally avoid markets where prices are ___________________.
3. Shopping complexes are the markets found in ___________________ areas.

4. Car manufacturer needs ___________________ to make engines.
5. The internet has changed the way in which many people do ___________________.
C. Write ‘T’ for true and ‘F’ for false :
1. The market in distant area make it accessible especially for the consumers.
2. The price of things available in the market should be high.

3. Markets can broadly be grouped into retail markets and wholesale markets.
4. Weekly markets have permanent shops.
5. A neighbourhood market gives a certain degree of facility to everybody and
especially to housewives.
D. Answer these Questions :

1. What is a market?
2. What are wholesale markets?
3. Distinguish between wholesale market and retail market.
4. What are the advantages of the markets?
5. Discuss the factors that affect people’s access to markets.
6. Market establishes a link between producers and consumers. Give your own view.

Life Skills and Value (Activity)

• Make a list of five items of daily use. Write down the prices at which these items are sold in your
neighbourhood grocery store. Also write down the prices at which these items are sold in the
nearest wholesale market. Do you notice any difference?

Social Studies-7-7
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124 Social Studies