Neighbourhood Shops

Q.

What is a market? -

Q. Why do roadside hawkers sell less expensive goods than permanent shops?

1. Roadside hawkers hire workers to do work for them.
2. Permanent shops incur expenditure in their setup.
3. Permanent shops have to pay rent and fees to government.
4. Roadside hawkers have to pay electricity and other fees.

Q.

Payment of Honorarium to Secretary is Treated as

Q. _________ is the obtaining of goods or services on the basis of trust that the payment will be made in the future.

1. Insurance
2. Debit
3. Credit
4. Pension

Q. A shopping mall usually contains which of these facilities?

1. Super market
2. Restaurant
3. Cinemas
4. Cafes

Q. Markets with a lot of variety of goods are known as ____________.

1. Super market
2. Fine market
3. Big market
4. Mega market

Q. Rishi went out to buy a list of groceries that his mother gave him. After buying all the items in the list, he told the seller that he will make the payment at the end of the month. Which kind of market did Rishi go to?

1. Mall
2. Shopping Complex
3. Neighbourhood Shop
4. Weekly Market

Q. Credit is given when the shopkeeper and the customer ___________ each other.

1. trust
2. hate
3. dislike
4. None of these

Q.

What is a market example?

Q. In most of the cases the goods and services in a shopping mall is ____________ than regular shops.

1. same price
2. cheaper
3. None of these
4. expensive

Q. Credit is not usually allowed in ________________.

1. Neighbourhood shops
2. Friends shop
3. Shopping malls
4. Weekly markets

Q. Choose the incorrect statement(s) in relation to the putting-out system:

1. Weavers produce and supply cloth to manufacturers
2. The merchants hold a lot of power as the weavers depend on them for raw materials
3. The weavers are often exploited and paid poorly for the work done
4. Weavers procure the yarn themselves

Q. If a firm purchases goods for resale they will be called intermediate goods.So when these goods are sold to the final customers will they become final goods?