Class 12 Sociology Chapter 4 – The Market as Social Institution MCQ Question and Answers – MCQs for Practice

1. A market that is free from all kinds of regulations whether by a state or otherwise is known as

2. What is jajmani system?

3. Max webber is

4. What is NASDAQ?

5. To which field does Alfred Gell belong?

6. Pre colonial Indian economy was

7. The term ‘status symbol’ was coined by

8. The unseen force at work that converts what is good for individual into what is good for society, a term coined by Adam Smith is

9. what does Dhorai symbolize?

10. Which of the following is a working class caste in India?

11. Indian market became liberal in which year?

12. Which of the following theories was given by Karl Marx

13. what is Dhorai?

14. The use of market or market based processes rather than government regulations or policies to solve social, economic and political problems is known as

15. ______ is a process by which something which was not a commodity is made a commodity and becomes part of the market

16. _______ occurs when things that were earlier not traded in the market becomes commodities

17. Which of the following categories does the Indian economy belong to?

18. Marvaris are

19. Which of the following is a central feature of globalisation?

20. Who authored the book, ‘The wealth of nations’