Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Weekly markets are commonly found in almost all rural areas and urban areas. The purpose of the weekly markets traditionally was:

Options:

Selling goods produced

Selling at cheaper rates

Getting locally produced goods

Link the local tribal economy and outside world

Correct Answer:

Link the local tribal economy and outside world

Explanation:

The correct answer is option 4: Link the local tribal economy and outside world

Traditionally, weekly markets served as a platform where tribal or rural producers could bring their locally produced goods (like forest products, handmade items, or farm produce) and exchange or sell them. These markets allowed:

  • Local communities to access goods they did not produce themselves

  • Traders and buyers from outside to interact with tribal communities

  • The tribal economy to connect with the wider market economy

While selling goods and getting local items are also functions of weekly markets, their traditional purpose was to bridge the gap between the local tribal economy and the outside world.