Chapter 12

What is the term used for a place where people buy and sell goods?

Which of the following is NOT a feature required for a place to be called a market?

What do we call a market where transactions happen without physical meeting, often over the internet?

In the context of markets, what is meant by 'demand'?

If a seller fixes the price of guavas very high, what is likely to happen?

Which traveler described Hampi Bazaar as “the best-provided city in the world”?

What role does a wholesaler play in the supply chain?

Which of the following is an example of an external effect that markets may produce, requiring government regulation?

What certificate mark on food packets indicates government testing for safety?

Which market deals with buying and selling within a country’s borders?

Why might vegetable prices be cheaper late at night in a weekly market?

What is the minimum price set by the government to ensure farmers do not incur losses called?

Which of these is NOT a type of certification mark discussed in the chapter?

In which city is the textile market that transforms raw cotton into finished fabric described?

What does the term 'aggregator' refer to in online markets?

Which activity helps consumers decide about product quality online?

What is the function of cold storage facilities in the supply chain?

Why do garment stores offer heavy discounts on woollen clothing at the end of winter?

What is meant by 'export' in the context of international markets?

What practice described by Kauṭilya ensured fair measurement of clarified butter (ghee)?

Which market participant bridges the gap between wholesalers and remote retailers?

What do buyers look for in a 1 kg packet of gram flour to assess its quality?

Which of the following best describes a stock market?

What is the likely farmer response if guava sellers make high profits from current prices?

Which certification mark ensures energy efficiency of electrical appliances?

Why might some products not display any certification logo?

What happens if buyers and sellers cannot agree on a price in a market transaction?

Which of these markets requires sellers to meet buyers in person?

What is a public good provided by the government mentioned in the chapter?

Which of the following statements about international trade is TRUE?

What factor besides price can influence consumers to buy from a particular seller?

Which map feature helped make Surat a trading hub?

What is the main economic activity described in the chapter?

Which certification mark is used for agricultural products?

What lesson activity involves preparing dialogue between a buyer and seller?

Why does the government monitor weights and measures of packaged products?

Which market participant sells goods in smaller quantities to final consumers?

What term describes goods that a person desires but are not essential for survival?

Which of these is a tertiary economic activity example shown in the chapter?

What do we call buying goods from other countries?

What does 'MRP' stand for on a product package?

Why might online shopping be more convenient for manufacturers?

Which is an example of a non-economic role of markets mentioned in the chapter?

Which item would you check for an allergen declaration when assessing food quality?

What is one suggested listener activity from the chapter exercises?

Which scenario demonstrates a 'just right' price in the guava example?

What will likely happen if onion supply falls sharply in the market?

Which government action helps protect buyers from unfair price increases?

Which of the following best describes 'supply' in a market?

Activity: Matching market types with characteristics. Which characteristic matches 'retail market'?

Which of these best describes the role of government in ensuring fair markets?

What do we call goods produced for sale by a person or company?

What did the Portuguese traveller Fernao Nuniz write about Hampi Bazaar?

Which of the following activities is NOT considered a public good?

What label on electrical appliances indicates safety and standard compliance?

Which of these is an example of a tertiary economic activity from Grade 6 studies?

Which of the following BEST explains why markets connect people?

What does 'batch number' on a food package help consumers identify?

What scenario from the chapter illustrates government price control protecting consumers?

Which practice in South India involves giving turmeric and vermilion free as a good wish?

Which of the following is a primary economic activity example mentioned in Grade 6 context?

What is one way consumers can assess product quality without governmental certification?

Activity: After visiting a market, students are asked to list observed features. Which feature is LEAST likely?