Page 215 - SST Class 07

8. All buyers buy a particular article at the ______________ rate.
(a) different (b) fixed (c) same

B. Match the following :
1. Commodity u u The selling of goods through shops / stores in small quantities.

2. Off day u u The selling of goods in large quantities.
3. Painth u u A product which may be bought and sold.
4. Marketing u u A weekly holiday fixed by government or agreed by traders.

5. Wholesale u u A weekly or periodical market held at a specific place in a town.
6. Retail u u The activity of presenting, advertising and selling a product in the
best possible way.
C. Write ‘T for true and ‘F’ for false statements :

1. A neighbourhood market generally comprises retail shops.
2. A wholesale seller sells things in very small quantities.
3. A market is an intermediary between producers and consumers.

4. Trains are used for transporting goods in the local area.
5. All buyers buy a commodity on the same price.
6. A person can buy a commodity which he really does not need if it is available on credit.

D. Name any two :
1. types of markets : (a) ______________ (b) ______________

2. intermediaries between growers and consumers : (a) ______________ (b) ______________
3. companies which sell goods directly to consumers : (a) ______________ (b) ______________
4. factors determining the cycle of visit to market : (a) ______________ (b) ______________
5. commodities which are bought on daily basis : (a) ______________ (b) ______________

6. commodities which are bought on yearly basis : (a) ______________ (b) ______________
E. Write which factors will govern the buying of following articles by your family :

1. A motorcycle : ______________ ______________ ______________
2. A pair of school shoes : ______________ ______________ ______________
3. Rice requirement for the whole year : ______________ ______________ ______________
4. A house : ______________ ______________ ______________

5. Fruits for guests : ______________ ______________ ______________

F. Answer in one word or phrase :
1. Where do buyers and sellers meet?
2. Which market sells goods in bulk?
3. What type of transports are used for carrying goods over a short distance?

4. Against whom is inequity practised in market operations?
5. When do salaried people like to buy their monthly requirements of provisions?
6. Do all buyers buy a commodity at the same price?
Market Around Us
215