Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Match List I with List II

LIST I 

LIST II 

A. Wealth of Nation

I. Max Weber

B. Capitalism

II. Alfred Gell

C. Status symbol

III. Adam Smith

D. Hierarchical social group

IV. Karl Marx

Choose the correct answer from the options given below.

Options:

A-III, B-I, C-II, D-IV

A-III, B-II, C-I, D-IV

A-III, B-IV, C-I, D-II

A-III, B-I, C-IV, D-II

Correct Answer:

A-III, B-IV, C-I, D-II

Explanation:

Adam Smith, wrote a book, The Wealth of Nations

Max Weber, was among the first to point out that the goods that people buy and use are closely related to their status in society. He coined the term status symbol to describe this relationship.

Karl Marx, was a critic of modern capitalism. Marx understood capitalism as a system of commodity production, or production for the market, through the use of wage labour.

According to Alfred Gell (1982), the anthropologist who studied Dhorai, the market has significance much beyond its economic functions. For example, the layout of the market symbolises the hierarchical inter-group social relations in this region.