Understanding Media Extra Questions

Reliance Foundation School, Koparkhairane
Session 2022-2023
Extra Questions Revision Worksheet
Name: Rishit Sinha Date: 22 December 2022
Class: 7 Sec: A Roll No: 22
Topic: Markets Around Us
1 Mark Questions
1. Why is a weekly market called so?

Answer: A weekly market is called so because it is held a specific day of the week.
2. Why is there a competition among the shops in the weekly market? [V. Imp.]
Answer: In the weekly market there are many shops that sell the same goods. This creates
competition among them.
3. Who is Scunner? What does he do?

Answer: Sameer is a small trader in the weekly market. He buys clothes from a large trader and sells
them in six different markets in a week.
4. Give some examples of roadside stalls.

Answer: Vegetable hawker, fruit vendor, mechanic.
5. How are shops in the neighbourhood useful?

Answer: These types of shops are close to our home and we can go there any time. As the buyer and
seller know each other these shops also provide goods on credit.
6. Where are the goods produced?

Answer: Goods are produced in factories, on farms, and in homes.
7. Why do we not buy directly from the producer? [V. Imp.]

Answer: It is because the producer is not interested in selling goods in small quantities. 9*
8. Who is a retailer? [Imp.]

Answer: A retailer is a small trader who buys goods from the wholesale trader and sells this to the
consumer.
RFSKK_WS_CLASS_SUBJECT_TOPIC PAGE 1[ SUB TITLE ]

9. Who is Aftab?
Answer: Aftab is a wholesaler in the city. He purchases vegetables in bulk and sells them to hawkers
and shopkeepers.
10. How are buyers, different people?

Answer: There are many buyers who cannot afford even the cheapest of goods. While others
frequently visit malls and buy different items.
11. What is done in the wholesale markets?

Ans. This is where goods first reach and are then supplied to other traders.
3 Marks Questions
1. Write in brief about shopping complexes and malls.

Answer: Shopping complexes and malls are usually found in urban areas. These are large multi-
storeyed air-conditioned buildings with shops on different floors. These shops sell both branded and
non-branded goods. Fewer people visit malls because they sell costly items. Only well-to-do people
can afford to buy these items.
2. What is the job of a wholesale trader? [V. Imp.]

Answer: A wholesale trader buys goods from the producer in large quantities. He then sells them to
other traders, say small traders. These small traders sell different items to the final consumer. Thus,
the wholesale trader establishes link between the producer and the consumer. It is through these
links of traders that goods reach faraway places.
3. How are shop owners in a weekly market and those in a shopping complex very different people?
[V. Imp.]
Answer: Both are undoubtedly different people.
(a) The shop owners in a weekly market are small traders who run their shop with little money. On the
other hand, the shop owners of a shopping complex are big parties. They have a lot of money to
spend on their shops.
(b) What these two types of shop owners earn is also not equal. The weekly market trader earns little
compared to the profit of a regular shop owner in a shopping complex.
4. Write a brief note on ‘Aftab—the wholesaler in the city’.

Answer: Aftab is a wholesaler of vegetables. His work usually starts at around 2 o’clock in the early
morning. This is the time when vegetables reach the market or mandi and with them start the
activities. The vegetables come in trucks, matadors, etc. and soon the process of auctions begins.
Aftab participates in this auction and decides what he will buy. He buys vegetables in bulk. After that,
he sells them to hawkers and shopkeepers who usually come to him around six in the morning

5 Marks Questions
1. Do you see equality in the market? If not, why not? Explain with examples.[V. Imp.]
Or
Write in brief on ‘market and equality’.
Answer: We do not see equality in the market. Big and powerful business persons earn huge profits
while small traders earn very little. For example, the shop owners in a weekly market and those in a
shopping complex are two different people. One is a small trader who has little money to run the
shop. Whereas the other has a lot of money to spend on the shop. The earning of these two people is
also unequal. The weekly market trader earns little profit whereas the shopping complex owner gains
huge income.
Not only the shop owners are different people, but also the buyers. In the market we see different
types of buyers There are several buyers who Eire not able to afford even the cheapest of goods
white others are busy shopping for different luxurious items in malls. Thus, we see no equality in the
market place.

Understanding Media Extra Questions

Uploaded by

Copyright:

Available Formats

Understanding Media Extra Questions

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Understanding Media Extra Questions

Uploaded by

Copyright:

Available Formats

Reliance Foundation School, Koparkhairane

1. Why is a weekly market called so?

3. Who is Scunner? What does he do?

4. Give some examples of roadside stalls.

5. How are shops in the neighbourhood useful?

6. Where are the goods produced?

7. Why do we not buy directly from the producer? [V. Imp.]

8. Who is a retailer? [Imp.]

RFSKK_WS_CLASS_SUBJECT_TOPIC PAGE 1[ SUB TITLE ]

10. How are buyers, different people?

11. What is done in the wholesale markets?

1. Write in brief about shopping complexes and malls.

2. What is the job of a wholesale trader? [V. Imp.]

4. Write a brief note on ‘Aftab—the wholesaler in the city’.

RFSKK_WS_CLASS_SUBJECT_TOPIC PAGE 2[ SUB TITLE ]

RFSKK_WS_CLASS_SUBJECT_TOPIC PAGE 3[ SUB TITLE ]

You might also like