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Class 7 Understanding Markets worksheet
CBSE Social Science. Buyers, sellers and prices, wholesale and retail, exports and imports, the government’s role and certification marks. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
A place where people buy and sell goods is a:
- factory
- mint
- warehouse
- market
Answer
(d) market
- 2.
Which mark would you check for a car tyre?
- BEE star rating
- AGMARK
- ISI
- FSSAI
Answer
(c) ISI
- 3.
Hampi Bazaar is known for:
- flowers sold wholesale
- gems and jewellery
- spices and dry fruits
- the rich market of the Vijayanagara Empire
Answer
(d) the rich market of the Vijayanagara Empire
Section B · short answer
- 4.
What are the main features of a market?
Answer
Buyers and sellers who agree on a price for goods or services.
- 5.
Name the certification mark for: (a) a packet of pulses (b) how much electricity an air conditioner uses
Answer
(a) AGMARK (b) BEE star rating
Section C · long answer
- 6.
Describe how goods reach consumers in a physical market.
Answer
Producers make goods from raw materials; wholesalers buy in bulk and store them in warehouses or mandis; distributors and retailers bring them to shops where consumers buy them.
Fresh sheets for your child
In the app, every Understanding Markets sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.