Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Which of the following would be studied by economics but not necessarily by sociology, according to the passage?

Options:

The probable impact of a specific investment

How caste influences trade

Why particular communities dominate certain markets

How markets are socially embedded

Correct Answer:

The probable impact of a specific investment

Explanation:

The correct answer is Option 1: The probable impact of a specific investment.

Option 1: The probable impact of a specific investment – Correct. Economics studies how markets function, including the effects of investments.

Option 2: How caste influences trade – Incorrect. This is part of the sociological study of markets within society.

Option 3: Why particular communities dominate certain markets – Incorrect. Sociology examines how social groups organise and control markets.

Option 4: How markets are socially embedded – Incorrect. This is a key sociological concept .