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Question (31)

QN0024532

Why do consumers usually have more choices in a market?

(A) Different sellers offer different goods and brands.
(B) Only one seller is allowed.
(C) Consumers manufacture all goods.
(D) Markets sell only one product.

Correct Answer: A

Explanation:

Competition among sellers increases consumer choice.

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Question (32)

QN0024533

A toy manufacturer sends toys to several shops before a festival. Which role of the market is highlighted?

(A) Helping goods reach consumers at the right time.
(B) Preventing sales.
(C) Eliminating retailers.
(D) Reducing production.

Correct Answer: A

Explanation:

Markets ensure timely availability of goods.

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Question (33)

QN0024534

Which of the following occupations depends directly on markets for selling products?

(A) Potter
(B) Shopkeeper
(C) Farmer
(D) All of these

Correct Answer: D

Explanation:

All these occupations rely on markets.

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Question (34)

QN0024535

A customer compares prices at three different shops before buying a school bag. Which benefit of markets is shown?

(A) Consumers can make informed choices.
(B) Markets reduce employment.
(C) Markets prevent competition.
(D) Producers lose all profits.

Correct Answer: A

Explanation:

Markets allow buyers to compare prices and quality.

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Question (35)

QN0024536

Which statement best explains how markets support local economies?

(A) They generate employment and encourage trade.
(B) They stop the movement of goods.
(C) They reduce production permanently.
(D) They allow only imported products.

Correct Answer: A

Explanation:

Markets create jobs and promote economic activity.

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Question (36)

QN0024537

A market employs 24 shopkeepers, 16 transport workers and 10 cleaners. How many people work there in total?

(A) 46
(B) 48
(C) 50
(D) 52

Correct Answer: C

Explanation:

24 + 16 + 10 = 50.

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Question (37)

QN0024538

Which situation best demonstrates the role of markets in improving people's standard of living?

(A) People can easily access essential goods and services.
(B) Goods remain unsold permanently.
(C) Consumers are unable to buy necessities.
(D) Transport of goods stops completely.

Correct Answer: A

Explanation:

Easy access to goods improves daily life.

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Question (38)

QN0024539

A market helps connect farmers with customers through traders and shopkeepers. This mainly ensures

(A) smooth movement of goods from producers to consumers.
(B) goods remain stored forever.
(C) consumers become producers.
(D) production stops.

Correct Answer: A

Explanation:

Markets facilitate the flow of goods.

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Question (39)

QN0024540

Which statement best describes the relationship between employment and markets?

(A) Markets create work opportunities for many different people.
(B) Markets provide jobs only to factory owners.
(C) Markets reduce the need for workers.
(D) Markets employ only transporters.

Correct Answer: A

Explanation:

Markets support sellers, transporters, helpers and many others.

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Question (40)

QN0024541

Why are markets considered an important part of people's everyday lives?

(A) They help people obtain goods and services while supporting livelihoods and economic activities.
(B) They exist only for entertainment.
(C) They benefit only producers.
(D) They are used only during festivals.

Correct Answer: A

Explanation:

Markets meet daily needs and support the economy through buying, selling and employment.

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Question (31)

Why do consumers usually have more choices in a market?

Explanation:

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Question (32)

A toy manufacturer sends toys to several shops before a festival. Which role of the market is highlighted?

Explanation:

Link:

Question (33)

Which of the following occupations depends directly on markets for selling products?

Explanation:

Link:

Question (34)

A customer compares prices at three different shops before buying a school bag. Which benefit of markets is shown?

Explanation:

Link:

Question (35)

Which statement best explains how markets support local economies?

Explanation:

Link:

Question (36)

A market employs 24 shopkeepers, 16 transport workers and 10 cleaners. How many people work there in total?

Explanation:

Link:

Question (37)

Which situation best demonstrates the role of markets in improving people's standard of living?

Explanation:

Link:

Question (38)

A market helps connect farmers with customers through traders and shopkeepers. This mainly ensures

Explanation:

Link:

Question (39)

Which statement best describes the relationship between employment and markets?

Explanation:

Link:

Question (40)

Why are markets considered an important part of people's everyday lives?

Explanation:

Link:

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