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

1. What is jajmani system?

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

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

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

5. Indian market became liberal in which year?

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

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

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 is Dhorai?

10. Pre colonial Indian economy was

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

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

13. Max webber is

14. The term ‘status symbol’ was coined by

15. Marvaris are

16. what does Dhorai symbolize?

17. What is NASDAQ?

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

19. To which field does Alfred Gell belong?

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