CBSE Class 12 Sociology The Market As A Social Institution Worksheet

CBSE Class 12 Sociology The Market As A Social Institution. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

THE MARKET AS A SOCIAL INSTITUTION

1.What according to Adam Smith is the ‘Invisible Hand’?

2.What does the economic philosophy of ‘Laissez –Fare’ denote?

3.What is a ‘Tribal Haat’?

4.What is a ‘Hundi’?

5.What is a ‘Virtual Market’?

6.Define the term ‘Marketisation.

7.What is meant by ‘Status Symbol’?

8.How does the Sociological perspective of Markets differ from an Economic one?

9.In what ways is Market – such as a Weekly Village Market – a social institution?

10.How do Caste & Kinship networks contribute to the success of a Business?

11.In what ways Indian economy change after the coming of the British?

12.Explain the meaning of ‘Commoditization or Commodification’ with the help of examples.

13.What are some of the processes included under the label of Globalization?

14.What is meant by Liberalization? In your opinion, will long term benefits of liberalisation exceed the costs? Give reasons for your answer.

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