Sociology Chapter 4 – The Market as Social Institution MCQ Question Answers for Various Entrance Exams

 

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

2. Pre colonial Indian economy was
a.
b.
c.
d.

3. Who authored the book, ‘The wealth of nations’
a.
b.
c.
d.

4. 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
a.
b.
c.
d.

5. Marvaris are
a.
b.
c.
d.

6. A market that is free from all kinds of regulations whether by a state or otherwise is known as
a.
b.
c.
d.

7. Which of the following theories was given by Karl Marx
a.
b.
c.
d.

8. what is Dhorai?
a.
b.
c.
d.

9. Max webber is
a.
b.
c.
d.

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

11. To which field does Alfred Gell belong?
a.
b.
c.
d.

12. _______ occurs when things that were earlier not traded in the market becomes commodities
a.
b.
c.
d.

13. What is NASDAQ?
a.
b.
c.
d.

14. Which of the following is a central feature of globalisation?
a.
b.
c.
d.

15. Indian market became liberal in which year?
a.
b.
c.
d.

16. ______ is a process by which something which was not a commodity is made a commodity and becomes part of the market
a.
b.
c.
d.

17. What is jajmani system?
a.
b.
c.
d.

18. The term ‘status symbol’ was coined by
a.
b.
c.
d.

19. what does Dhorai symbolize?
a.
b.
c.
d.

20. Which of the following categories does the Indian economy belong to?
a.
b.
c.
d.


 


 
Also See : 
 
Sociology Chapter 1 – Introducing Indian Society MCQs
 
Sociology Chapter 2 – The Demographic Structure of Indian Society MCQs
 
Sociology Chapter 3 – Social Institutions MCQs
 
Sociology Chapter 5 – Patterns of Social Inequality and Exclusion MCQs
 
Sociology Chapter 6 – The Challenges Of Cultural Diversity MCQs
 
Sociology Chapter 8 – Structural change MCQs
 
Sociology Chapter 9 – Structural change MCQs
 
Sociology Chapter 10 – The Story of Indian Democracy MCQs
 
Sociology Chapter 11 – Change and Development in Rural Society MCQs
 
Sociology Chapter 12 – Change and development in Industrial Society MCQs
 
Sociology Chapter 13 – Globalization and Social Culture MCQs
 
Sociology Chapter 14 – Mass Media and Communication MCQs
 
Sociology Chapter 15 – Social Movements MCQs