Q 1 – The story of the shirt does begin with:
(a) Spinning
(b) Production of Cotton
(c) Weaving
(d) Selling
Ans. (b) Production of Cotton
Q 2 – How much amount did Swapna borrow to buy seeds, fertilizers, pesticides, etc.?
(a) Rs 1500
(b) Rs 2000
(c) Rs 2500
(d) Rs 3000
Ans. (c) Rs 2500
Q 3 – What promise did Swapna make to the traders?
(a) Not to give interest to him
(b) To give the heavy amount of interest
(c) To sell her all cotton to him
(d) None of these
Ans. (c) To sell her all cotton to him
Q 4 – Where is cotton sold in Andhra Pradesh?
(a) Kurnool
(b) Hyderabad
(c) Vijaywada
(d) None of these
Ans. (a) Kurnool
Q 5 – Which is a factory where seeds are removed from cotton bolls and then spun into a thread?
(a) Ginning mill
(b) Cloth mill
(c) Handloom factory
(d) Powerloom factory
Ans. (a) Ginning mill
Q 6 – Which is the largest cloth market in the world?
(a) Tamil Nadu
(b) Delhi
(c) Ahmedabad
(d) Agra
Ans. (a) Tamil Nadu
Q 7 – The cloth merchants sell their clothes from Erode cloth market to
(a) cloth trader
(b) garment manufacturers
(c) traders of Delhi
(d) farmers of cotton
Ans. (b) garment manufacturers
Q 8 – Who from the following is part of the ‘putting out system?
(a) Farmers
(b) Weavers
(c) Consumers
(d) Foreign buyers
Ans. (b) Weavers
Q 9 – Who sells his goods abroad?
(a) Importer
(b) Exporter
(c) Manufacturers
(d) Merchant
Ans. (b) Exporter
Q 10 – Who does not earn any profit when a shirt is sold to a consumer?
(a) Businessperson
(b) Merchant
(c) Worker
(d) Exporter
Ans. (c) Worker
Q 11 – What links Producer to a consumer?
(a) Chain of markets
(b) buying
(c) Selling
(d ) All of these
Ans. (a) Chain of markets
Q 12 – The amount that is left or gained from earnings after deduction of all the costs is called
(a) losses
(b) profits
(c) investment
(d) all of these
Ans. (b) profits
Q 13 – The amount that is left or gained from earnings after deducting all the costs. If the costs are
more than the earnings, it would lead to a loss.
(a) Profit
(b) Expenditure
(c) Income
(d) Revenue
Ans. (a) Profit
Q 14 – Budh bazaar and Shani bazaar are the examples of
(a) Shopping complex
(b) Weekly market
(c) International market
(d) Shops in neighborhood
Ans. (b) Weekly market
Q 15 – When the Buying and selling takes place ______ in the chain
(a) In the end
(b) Every step
(c) In the mid only
(d) In the beginning
Ans. (b) Every step
Q 16 – Weaver’s _____ is one way to reduce the dependence on the merchant and to earn a higher
income for the weavers.
(a) Traders
(b) Company
(c) Cooperatives
(d) Partnership
Ans. (c) Cooperatives
Q 17 – These markets are not daily markets but are to be found at a particular place on one or maybe two days of the week. These markets most often sell everything that a household needs ranging from vegetables to clothes to utensils.
(a) Fortnight market
(b) Weekly market
(c) Monthly market
(d) Day Market
Ans. (b) Weekly market
Q 18 – ______ removes the seeds and presses the cotton into bales
(a) Ginning Mill
(b) Traders
(c) Dealers
(d) Spinning Mill
Ans. (a) Ginning Mill
Q 19 – Who earns the least in the Erode market
(a) Consumer
(b) Agents
(c) Retailer
(d) Weaver
Ans. (d) Weaver
Q 20 – Who earns the least in the Erode market
(a) Consumer
(b) Agents
(c) Retailer
(d) Weaver
Ans. (d) Weaver
Q 21 – A chain of market links the producer of cotton to the buyer at the ___
(a) Shopping complex
(b) Mall
(c) Weekly market
(d) Supermarket
Ans. (d) Supermarket
Q 22 – This refers to buying and selling in large quantities. Most products, including vegetables, fruits
and flowers have special wholesale markets.
(a) Sellers
(b) Retail
(c) Wholesale
(d) Shopkeepers
Ans. (c) Wholesale
Q 23 – What work do the women at the Impex garment factory produce
(a) Buttoning
(b) Thread cutting
(c) Ironing
(d) All of these
Ans. (d) All of these
Q 24 – A series of markets that are connected like links in a chain because products pass from one market to another.
(a) Chain of shops
(b) Chain of traders
(c) Chain of the mall
(d) Chain of markets
Ans. (d) Chain of markets
Q 25 – Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the ___.
(a) State
(b) World
(c) India
(d) Asia
Ans. (b) World
Q 26 – Putting out a system is prevalent in the ___ industry in most regions of India
(a) Ginning
(b) Weaving
(c) Spinning
(d) Irrigation
Ans. (b) Weaving
Q 27 – What is the key factor that distinguishes the place people but from
(a) Political status
(b) Economic status
(c) Social status
(d) Cultural status
Ans. (b) Economic status
Q 28 – This is an enclosed shopping space. This is usually a large building with many floors that has shops, restaurants and, at times, even a cinema theatre. These shops most of ten sell branded
products.
(a) Store
(b) Mall
(c) Department
(d) Shop
Ans. (b) Mall
Q 29 – People assessed the market depends upon following f actors except
(a) Advertisement
(b) Convenience
(c) Credit given
(d) Availability
Ans. (a) Advertisement
Q 30 – Spinning mill buys the
(a) Bales
(b) Fabric
(c) Thread
(d) Cotton
Ans. (a) Bales
Q 31 – Weekly shop Traders
(a) set up shops for the month and then close them up after a month
(b) set up shops for the week and then close them up after a week
(c) set up permanent shops
(d) set up shops for the day and then close them up in the evening
Ans. (d) set up shops for the day and then close them up in the evening
Q 32 – Why are branded goods are preferred over non branded goods
(a) They have the brand name
(b) They are sold in the mall
(c) Charge a high price
(d) Claim of better qualities
Ans. (d) The claim of better qualities
Q 33 – In recent times goods are also sold through advanced means such as
(a) Internet and Home delivery
(b) Radio and newspaper
(c) Internet and Radio
(d) Advertisement and TV
Ans. (a) Internet and Home delivery
Q 34 – In which market goods are sold and purchased in large quantity
(a) Wholesale market
(b) International market
(c) National market
(d) Retail market
Ans. (a) Wholesale market