Match the market system in List - I with the places in List - II.
| LIST-I (Market System) | LIST-II (Places) | ||
| (A) | Nakarattar Banking system | (I) | Mysore |
| (B) | Pushkar Camel Fair | (II) | Rajasthan |
| (C) | Dhorai market village | (III) | Tamil Nadu |
| (D) | Nasdaq opening bell | (IV) | Bastar |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(III), (B)-(II), (C)-(IV), (D)-(I)
(A) Nakarattar Banking system — this matches (III) Tamil Nadu.
(B) Pushkar Camel Fair — this matches (II) Rajasthan.
(C) Dhorai market village — this matches (IV) Bastar.
(D) Nasdaq opening bell — this matches (I) Mysore.
Note: Box 4.3, ‘Nasdaq Rings from Mysore’, in the chapter ‘The Market as a Social Institution’, was there in the pre-rationalised NCERT, which NTA followed in 2023. This box has been deleted from the NCERT book (2025-26), though the chapter is still there; its Box 4.3 is now the Pushkar camel fair.
NCERT (2025-26): “4.1 Sociological Perspectives on Markets … Sociologists often express this idea by saying that economies are socially ‘embedded’. This is illustrated by two examples, one of a weekly tribal haat, and the other of a ‘traditional business community’ and its trading networks in colonial India.”
Box 4.1 (NCERT 2025-26)
Box 4.2 (NCERT 2025-26)
Box 4.3 (NCERT 2025-26)
Box 4.3 (Pre-rationalised NCERT) |
