Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:
What is the oldest form of market in Indian villages?
Options:
The weekly markets called haat.
Temporary township market called bazaars.
Wholesale farms and retail stores in the villages.
Markets formed around temples.
Correct Answer:
The weekly markets called haat.
Explanation:
The weekly haat is a common sight in rural and even urban India. In hilly and forested areas (especially those inhabited by adivasis), where settlements are far-flung, roads and communications poor, and the economy relatively undeveloped, the weekly market is the major institution for the exchange of goods as well as for social intercourse.