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

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

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

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

4. Max webber is

5. What is jajmani system?

6. What is NASDAQ?

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

8. To which field does Alfred Gell belong?

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

10. 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

11. Indian market became liberal in which year?

12. what is Dhorai?

13. Pre colonial Indian economy was

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

15. Marvaris are

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

17. The term ‘status symbol’ was coined by

18. what does Dhorai symbolize?

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

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