Practice the AP 7th Class Social Bits with Answers Chapter 12 Markets Around Us on a regular basis so that you can attempt exams with utmost confidence.

AP 7th Class Social Bits Chapter 12 Markets Around Us with Answers

I. Multiple Choice Questions

1. One of the important sources of income is
A) Salaries
B) Rents
C) Interest
D) All the above
Answer:
D) All the above

2. Return for moneylender
A) Profit
B) Rent
C) Interest
D) None
Answer:
C) Interest

AP 7th Class Social Important Questions 12th Lesson Markets Around Us

3. Return for land
A) Rent
B) Profit
C) Interest
D) None
Answer:
A) Rent

4. Return for entrepreneur
A) Interest
B) Profit/loss
C) Rent
D) None
Answer:
B) Profit/loss

5. Unorganised sector workers get
A) wages
B) profits
C) rents
D)none
Answer:
A) wages

6. Organised sector workers get
A) profits
B) wages
C) salaries
D)rents
Answer:
C) salaries

7. Goods available from neighbour markets
A) gold
B) silver
C) sugar
D) none
Answer:
C) sugar

8. Credit cards are issued by
A) banks
B) money lenders
C) government
D) none
Answer:
A) banks

9. Goods available from weekly markets
A) vegetables
B) grains
C) forest products
D) all the above
Answer:
D) all the above

10. Rythu Bazar’s were started in
A) 1998
B) 2000
C) 1999
D) 2001
Answer:
C) 1999

11. We find floating markets in
A) Srinagar
B) Delhi
C) Agra
D) Mumbai
Answer:
A) Srinagar

12. Tourists of various nations enjoy shopping in
A) Chilaka Lake
B) Kolleru Lake
C) Dal Lake
D) None
Answer:
C) Dal Lake

13. Consumer Protection Act as approved in
A) 2018
B) 2019
C) 2020
D) 2015
Answer:
B) 2019

AP 7th Class Social Important Questions 12th Lesson Markets Around Us

14. National consumer’s day is observed every year in
A) 24th December
B) 24th January
C) 24th March
D) 24th July.
Answer:
A) 24th December

II. Intext – Bits – Fill in the Blanks

1. Income comes from ……………… sources.
2. Agricultural labour works in the ……………. sector.
3. Business people get ……………. .
4. Money lenders get ……………. .
5. Land and property owners get ……………. .
6. There are many shops that sell goods in our ……………. .
7. Credit cards are issued by ……………. .
8. The things in weekly markets are available at ……………. .
9. In urban and semi-urban areas ……………. are there.
10. Rythu Bazars are started in ……………. .
11. Many shops are found in one compound in urban areas known as ……………. .
12. We find a floating market in ……………. .
13. Vegetable trade takes place through boats from 5 am to 7 am in the most picturesque ……………. of Srinagar.
14. Vegetable boats in the local language are called ……………. .
15. On ……………. Consumer Protection Act was approved.
16. NCDRC was set up in ……………. .
17. NCDRC head office is in ……………. .
18. Every year ……………. is observed as National Consumer Day in India.
Answer:

  1. different
  2. unorganized
  3. profits loses
  4. Interest
  5. Rent
  6. Neighbourhood
  7. Banks
  8. Cheaper rates
  9. Shopping malls
  10. 1999
  11. Shopping complex
  12. Srinagar, Jammu &. Kashmir
  13. Dal Lake
  14. Shikaras
  15. 9th August 2019
  16. 1988
  17. New Delhi
  18. 24th December

III. Match the following :

1.

Group-A Group-B
1. Labour A) Profit
2. Land B) Rent
3. Moneylender C) Wages
4. Businessman D) Interest

Answer:

Group-A Group-B
1. Labour C) Wages
2. Land B) Rent
3. Moneylender D) Interest
4. Businessman A) Profit

2.

Group-A Group-B
1. Weekly Market A) branded
2. e-commerce B) forest products
3. International market C) online shopping
4. Shopping malls D) petroleum

Answer:

Group-A Group-B
1. Weekly Market B) forest products
2. e-commerce C) online shopping
3. International market D) petroleum
4. Shopping malls A) branded

3.

Group-A Group-B
1. 2019 A) Rythu Bazar
2. 1988 B) Consumer Protection
3. 1999 C) NCDRC

Answer:

Group-A Group-B
1. 2019 B) Consumer Protection
2. 1988 C) NCDRC
3. 1999 A) Rythu Bazar