Exploring Society Class 7 Social Science Chapter 12 Understanding Markets Case Study Questions

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Hello students, we are providing case study questions for class 7 Social Science. Case study questions are the new question format that is introduced in CBSE board. The resources for case study questions are very less. So, to help students we have created chapterwise case study questions for class 7 Social Science. In this article, you will find case study questions for cbse class 7 Social Science chapter 12 Understanding Markets.

Chapter	Understanding Markets
Book	Exploring Society: India and Beyond
Type of Questions	Case Study Questions
Nature of Questions	Competency Based Questions
Board	CBSE
Class	7
Subject	Social Science
Useful for	Class 7 Studying Students
Answers provided	Yes
Difficulty level	Mentioned
Important Link	Class 7 Social Science Chapterwise Case Study

Table of Contents

Case Study Questions on Understanding Markets

Case Study Question 1

Passage: Bargaining in the Vegetable Market

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Asha and her mother visited the weekly vegetable market to buy fresh produce. They found that beans were being sold at ₹30/kg by a street vendor. Asha’s mother tried to bargain, offering ₹25/kg, but the vendor refused, explaining he would suffer a loss. They left and later purchased neatly packed beans at ₹40/kg from a nearby supermarket. Though the price was higher, the store offered clean packaging, air-conditioned comfort, and digital payment options. This situation highlights that buying decisions are influenced by factors beyond just price, such as convenience, hygiene, and shopping experience.

Q1. What caused the street vendor to refuse the reduced price?
(a) He had too many customers
(b) ₹25/kg was below his cost price
(c) He wanted to move to a mall
(d) He disliked bargaining

Answer: (b)
Explanation: The vendor stated that ₹25/kg would result in a loss, meaning it was below his minimum selling price.
Difficulty Level: Medium

Q2. Why did Asha’s family still buy from the supermarket at a higher price?
(a) They wanted to support big stores
(b) They liked digital billing
(c) They valued hygiene, packaging, and convenience
(d) The supermarket forced them to buy

Answer: (c)
Explanation: Despite the price being higher, the neat packaging and better buying experience influenced their decision.
Difficulty Level: Medium

Q3. What does this situation suggest about market transactions?
(a) Price is the only factor in buying decisions
(b) Appearance of the vendor matters more
(c) Non-price factors also influence consumer decisions
(d) Consumers always choose the cheapest item

Answer: (c)
Explanation: Buying and selling is not just about price—comfort, cleanliness, and convenience also matter to consumers.
Difficulty Level: Medium

Q4. What type of market is represented by the supermarket in the story?
(a) Online market
(b) Wholesale market
(c) Physical retail market
(d) Global market

Answer: (c)
Explanation: A supermarket is a physical retail market where goods are sold directly to consumers.
Difficulty Level: Easy

Case Study Question 2

Passage: Surat’s Textile Market and the Supply Chain

Surat, Gujarat, is one of Asia’s oldest textile hubs. Thousands of factories in Surat manufacture cotton and synthetic fabrics. Cotton is sourced from nearby states and processed into finished products through weaving, dyeing, and stitching. These goods then move to wholesalers, who distribute them to retailers across the country. Wholesalers help assess market demand, maintain stock levels, and ensure uninterrupted supply. This chain of supply — from producer to wholesaler to retailer to consumer — ensures that markets function efficiently and that goods are available when needed.

Q1. What is the role of wholesalers in the textile supply chain?
(a) They directly sell to consumers
(b) They process raw cotton into fabric
(c) They store and distribute goods to retailers
(d) They manufacture clothes

Answer: (c)
Explanation: Wholesalers purchase in bulk and supply goods to retailers, ensuring consistent availability.
Difficulty Level: Medium

Q2. From where does Surat source raw cotton?
(a) Other countries
(b) Eastern India
(c) Maharashtra and Gujarat
(d) Kerala and Tamil Nadu

Answer: (c)
Explanation: The chapter mentions Surat receives cotton from Maharashtra and other parts of Gujarat.
Difficulty Level: Easy

Q3. Which of the following is NOT part of the supply chain described?
(a) Weaver
(b) Retailer
(c) Aggregator
(d) Wholesaler

Answer: (c)
Explanation: Aggregators are used in online markets, whereas the Surat textile supply chain is primarily physical.
Difficulty Level: Medium

Q4. Why is it important for wholesalers to understand the quantity retailers need?
(a) To avoid overpaying workers
(b) To ensure products reach consumers without shortage or excess
(c) To raise the prices
(d) To become retailers themselves

Answer: (b)
Explanation: Understanding demand helps balance supply, ensuring stock availability and preventing waste.
Difficulty Level: Medium

We hope the given case study questions for Understanding Markets Class 7 helps you in your learning.

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Topics from which case study questions may be asked

Local markets
Role of traders
Buyer-seller dynamics

Markets connect producers and consumers in every society.

Frequently Asked Questions (FAQs) on Understanding Markets Case Study Questions

Q1: What are case study questions in CBSE Class 7 Social Science?

A1: Case study questions present a real-life scenario or passage followed by multiple-choice questions to test students’ understanding of concepts and their ability to apply knowledge in context.

Q2: Are case study questions part of the new CBSE exam pattern for Class 7?

A2: Yes, as per the NEP 2020 and CBSE’s competency-based learning approach, case study or passage-based questions are now included to promote critical thinking and concept application.

Q3: How should I prepare for case study questions in Class 7 Social Science?

A3: Focus on understanding concepts from the NCERT textbook thoroughly. Practice reading comprehension and analyze how social science concepts apply to real-life situations.

Q4: Where can I find chapterwise case study questions for Class 7 Social Science?

A5: You can access chapterwise CBSE-style case study questions with answers and explanations on educational websites like xamcontent.com and editablematerials.in, specially designed for practice and school exams.