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Question (11)

QN0031238

A manufacturer notices that customers increasingly demand low-electricity refrigerators. What will the manufacturer most likely do?

(A) Stop production
(B) Produce more energy-efficient refrigerators
(C) Increase prices without changes
(D) Import refrigerators only

Correct Answer: B

Explanation:

Producers respond to consumer demand by producing goods preferred by consumers.

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Question (12)

QN0031239

If onion supply in the market suddenly decreases while demand remains unchanged, the price of onions is likely to

(A) Increase
(B) Decrease
(C) Remain unchanged
(D) Become zero

Correct Answer: A

Explanation:

Lower supply with the same demand generally results in higher prices.

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Question (13)

QN0031240

A company stores vegetables in refrigerated warehouses before distribution. These warehouses are called

(A) Godowns
(B) Malls
(C) Cold storage facilities
(D) Retail outlets

Correct Answer: C

Explanation:

Cold storage facilities preserve perishable goods at low temperatures.

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Question (14)

QN0031241

A consumer checks the manufacturing date, expiry date, and ingredients before purchasing packaged food. This practice mainly helps in

(A) Increasing demand
(B) Assessing product quality
(C) Reducing supply
(D) Increasing exports

Correct Answer: B

Explanation:

Product labels provide information regarding quality and safety.

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Question (15)

QN0031242

A wholesaler bought 500 kg wheat from farmers. He sold 300 kg to retailers and stored the remaining in a godown. How much wheat remains stored?

(A) 100 kg
(B) 150 kg
(C) 200 kg
(D) 250 kg

Correct Answer: C

Explanation:

Remaining wheat = 500 kg − 300 kg = 200 kg.

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Question (16)

QN0031243

Which participant mainly bridges the gap between wholesalers and retailers in distant areas?

(A) Consumer
(B) Distributor
(C) Producer
(D) Aggregator

Correct Answer: B

Explanation:

Distributors supply goods where wholesalers cannot easily reach.

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Question (17)

QN0031244

An online shopping platform collects products from many sellers and displays them at one place. Such a platform is known as

(A) Retailer
(B) Manufacturer
(C) Aggregator
(D) Wholesaler

Correct Answer: C

Explanation:

Aggregators organize and combine offers from multiple sellers.

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Question (18)

QN0031245

A packet of honey carries the AGMARK logo. What does this indicate?

(A) It is energy efficient
(B) It meets standards for agricultural products
(C) It is imported
(D) It is sold online

Correct Answer: B

Explanation:

AGMARK certifies the quality of agricultural products.

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Question (19)

QN0031246

A farmer grows tomatoes. Due to a bumper harvest, market prices fall sharply. Which participant can help prevent wastage by storing and distributing tomatoes?

(A) Consumer
(B) Wholesaler
(C) Retail customer
(D) Government employee only

Correct Answer: B

Explanation:

Wholesalers can store and distribute surplus produce to avoid wastage.

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Question (20)

QN0031247

A family purchases groceries worth ₹3,500 every month from the same shop and settles the bill at month's end. This example shows that markets

(A) Only involve monetary exchange
(B) Promote long-term social relationships as well
(C) Reduce consumer choices
(D) Eliminate bargaining completely

Correct Answer: B

Explanation:

Markets often create trust and long-lasting relationships between buyers and sellers.

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Question (11)

A manufacturer notices that customers increasingly demand low-electricity refrigerators. What will the manufacturer most likely do?

Explanation:

Link:

Question (12)

If onion supply in the market suddenly decreases while demand remains unchanged, the price of onions is likely to

Explanation:

Link:

Question (13)

A company stores vegetables in refrigerated warehouses before distribution. These warehouses are called

Explanation:

Link:

Question (14)

A consumer checks the manufacturing date, expiry date, and ingredients before purchasing packaged food. This practice mainly helps in

Explanation:

Link:

Question (15)

A wholesaler bought 500 kg wheat from farmers. He sold 300 kg to retailers and stored the remaining in a godown. How much wheat remains stored?

Explanation:

Link:

Question (16)

Which participant mainly bridges the gap between wholesalers and retailers in distant areas?

Explanation:

Link:

Question (17)

An online shopping platform collects products from many sellers and displays them at one place. Such a platform is known as

Explanation:

Link:

Question (18)

A packet of honey carries the AGMARK logo. What does this indicate?

Explanation:

Link:

Question (19)

A farmer grows tomatoes. Due to a bumper harvest, market prices fall sharply. Which participant can help prevent wastage by storing and distributing tomatoes?

Explanation:

Link:

Question (20)

A family purchases groceries worth ₹3,500 every month from the same shop and settles the bill at month's end. This example shows that markets

Explanation:

Link:

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