Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:
                                                       Match the following
1) Adam Smith a) Max Weber
2) Goods as a status symbol b) Wealth of nations.
3) System of commodity production c) Cattle Fair
4) Pushkar  d) Karl Marx
Options:

1--b, 2--a, 3--d, 4--c

1--a, 2--c, 3--b, 4--d

1-b, 2--d, 3--a, 4--c

1-a, 2--d, 3--c, 4--d

Correct Answer:

1--b, 2--a, 3--d, 4--c

Explanation:

The correct answer is Option 1: 1--b,2--a,3--d,4--c

1) Adam Smith → b) Wealth of Nations –Adam Smith's famous book, The Wealth of Nations (1776), explains the principles of the capitalist market economy.

2) Goods as a status symbol → a) Max Weber – Max Weber argued that consumption is influenced not only by economic needs but also by social status. People often consume goods to display prestige and social position.

3) System of commodity production → d) Karl Marx- Karl Marx described capitalism as a system of commodity production based on wage labour, where commodities are produced for the market.

4) Pushkar → c) Cattle Fair – Correct. The Pushkar Fair is a famous cattle fair.