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Question (21)

QN0024522

A market provides vegetables, medicines, clothes and stationery at one place. What is the greatest benefit to consumers?

(A) They can meet many of their daily needs conveniently.
(B) They become producers.
(C) They stop using money.
(D) They purchase only imported goods.

Correct Answer: A

Explanation:

Markets provide a variety of goods at one place.

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Question (22)

QN0024523

A woman sells handmade baskets in the local market every weekend. The income she earns mainly helps to

(A) support her livelihood.
(B) reduce production.
(C) stop market activities.
(D) eliminate consumers.

Correct Answer: A

Explanation:

Markets provide earning opportunities.

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Question (23)

QN0024524

Which participant purchases goods mainly for personal use?

(A) Producer
(B) Consumer
(C) Transporter
(D) Wholesaler

Correct Answer: B

Explanation:

Consumers buy goods to satisfy their needs.

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Question (24)

QN0024525

A market remains open throughout the year, allowing shopkeepers to sell goods regularly. This mainly provides

(A) continuous livelihood opportunities.
(B) fewer employment opportunities.
(C) only seasonal employment.
(D) free goods to everyone.

Correct Answer: A

Explanation:

Regular market activity supports regular income.

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Question (25)

QN0024526

A fruit seller notices that mangoes sell quickly during summer and increases the stock. The seller is responding to

(A) consumer demand.
(B) factory production only.
(C) international trade.
(D) government ownership.

Correct Answer: A

Explanation:

Sellers adjust supplies according to demand.

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Question (26)

QN0024527

Which of the following best shows the interdependence created by markets?

(A) Farmers, transporters, shopkeepers and consumers depend on one another.
(B) Only producers are important.
(C) Consumers work without sellers.
(D) Transporters produce all goods.

Correct Answer: A

Explanation:

Markets connect different groups through economic activities.

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Question (27)

QN0024528

A tailor purchases cloth from the market and stitches school uniforms for students. Which market role is illustrated?

(A) Markets supply materials needed for providing services.
(B) Markets prevent employment.
(C) Markets reduce production.
(D) Markets exist only for farming.

Correct Answer: A

Explanation:

Markets provide raw materials required by service providers.

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Question (28)

QN0024529

A grocery shop serves 80 families every week. What does this indicate about the role of markets?

(A) Markets satisfy the daily needs of many people.
(B) Markets are useful only for industries.
(C) Markets reduce consumer choice.
(D) Markets exist only in cities.

Correct Answer: A

Explanation:

Markets provide essential goods to households.

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Question (29)

QN0024530

Which of the following is most likely to lose income if a market remains closed for a long period?

(A) Shopkeeper
(B) Customer only
(C) Tourist only
(D) Visitor only

Correct Answer: A

Explanation:

Sellers depend on markets for their earnings.

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Question (30)

QN0024531

A market has 18 fruit sellers, 12 vegetable sellers and 20 grocery shop owners. How many sellers are working in the market altogether?

(A) 40
(B) 45
(C) 50
(D) 55

Correct Answer: C

Explanation:

18 + 12 + 20 = 50.

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Question (21)

A market provides vegetables, medicines, clothes and stationery at one place. What is the greatest benefit to consumers?

Explanation:

Link:

Question (22)

A woman sells handmade baskets in the local market every weekend. The income she earns mainly helps to

Explanation:

Link:

Question (23)

Which participant purchases goods mainly for personal use?

Explanation:

Link:

Question (24)

A market remains open throughout the year, allowing shopkeepers to sell goods regularly. This mainly provides

Explanation:

Link:

Question (25)

A fruit seller notices that mangoes sell quickly during summer and increases the stock. The seller is responding to

Explanation:

Link:

Question (26)

Which of the following best shows the interdependence created by markets?

Explanation:

Link:

Question (27)

A tailor purchases cloth from the market and stitches school uniforms for students. Which market role is illustrated?

Explanation:

Link:

Question (28)

A grocery shop serves 80 families every week. What does this indicate about the role of markets?

Explanation:

Link:

Question (29)

Which of the following is most likely to lose income if a market remains closed for a long period?

Explanation:

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Question (30)

A market has 18 fruit sellers, 12 vegetable sellers and 20 grocery shop owners. How many sellers are working in the market altogether?

Explanation:

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