Practice Traditional Business Communities - 4.1.4 | 4. The Market as a Social Institution | CBSE 12 Indian Society
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Traditional Business Communities

4.1.4 - Traditional Business Communities

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Practice Questions

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Question 1 Easy

What do traditional business communities represent?

💡 Hint: Think about how caste influences trade.

Question 2 Easy

Name one example of a traditional business community.

💡 Hint: Consider which communities were mentioned in class.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What does the term 'Socially Embedded' refer to?

Economic independence
Social influences on economics
Isolation of markets

💡 Hint: Think about how communities support trade.

Question 2

True or False: The Marwaris emerged as a response to colonial challenges.

True
False

💡 Hint: Reflect on community adaptability.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate how the Nakarattars' economic practices could adapt to modern financial environments.

💡 Hint: Think about the modernization of traditional systems.

Challenge 2 Hard

Propose a strategy for traditional communities to sustain their economic practices in a globalized market.

💡 Hint: Consider how heritage can attract global consumers.

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