Change and Development in Industrial Society Ch (5) Book – 2 Practice Quiz in English Part – 1 || Class 12 Sociology Practice Quizzes in English Posted on March 7, 2025March 7, 2025 by Anshul Gupta0% 0 votes, 0 avg 0 Change and Development in Industrial Society Ch (5) Book – 2Practice Quiz in English Part – 1 || Class 12 Sociology Practice Quizzes in English 1 / 201. Which of the following is NOT a policy associated with liberalization? A. Reduction in tariffs and import duties B. Privatization of public sector enterprises C. Increased government regulation of capital, labour, and trade D. Easier access for foreign companies to invest in India Explanation: Liberalization typically involves reducing government control over economic activities to promote market-driven growth. 2 / 202. What is the term used to describe the removal or relaxation of government regulations on economic activities? A. Deregulation B. Liberalization C. Privatization D. Marketisation Explanation: Deregulation involves reducing government control over markets to promote competition and efficiency. 3 / 203. What is the term used to describe the process of transforming goods and services into commodities that can be bought and sold? A. Commodification B. Consumption C. Liberalization D. Capitalism Explanation: Commodification is the process of bringing goods, services, or even ideas into the market realm, where they are assigned a monetary value and can be exchanged. 4 / 204. Which of the following is NOT a potential benefit of globalization? A. Potential for economic growth and job creation B. Widening income inequality between countries C. Increased access to a wider range of goods and services D. Increased cultural exchange and diversity Explanation: Globalization can exacerbate income disparities between countries, as some nations may benefit more than others from increased trade and investment. 5 / 205. Which of the following is NOT a characteristic of a traditional business community in India? A. Limited social mobility within the community B. Specialized knowledge and skills in specific areas of business C. Reliance on caste and kinship networks D. Strong community institutions and ethos Explanation: While traditional business communities often rely on caste and kinship networks, there can be social mobility within these communities as individuals or families gain wealth and influence. 6 / 206. Which of the following is NOT a potential negative impact of liberalization and globalization? A. Potential decline in agricultural income B. Job losses in certain sectors C. Greater access to foreign goods and services D. Increased competition for domestic industries Explanation: While liberalization can lead to increased access to foreign goods and services, this is generally seen as a positive outcome for consumers. 7 / 207. What is the term used to describe the process of selling government-owned companies to private entities? A. Liberalization B. Marketisation C. Privatization D. Commodification Explanation: Privatization is the transfer of ownership and control of state-owned assets to private companies or individuals. 8 / 208. What is the term used to describe the economic system in which production is primarily for the market and labour is a commodity? A. Socialism B. Capitalism C. Feudalism D. Communism Explanation: Capitalism is an economic system characterized by private ownership of the means of production, wage labour, and the pursuit of profit through market competition. 9 / 209. What is the term used to describe the demand for a particular product or service? A. Market trade B. Market value C. Market demand D. Market economy Explanation: Market demand refers to the overall demand for a particular product or service in a specific market. 10 / 2010. What is the term used to describe a symbol that conveys information about a person’s social or economic status? A. Market symbol B. Status symbol C. Economic symbol D. Cultural symbol Explanation: A status symbol is an object or possession that signifies a person’s position in society, often related to their wealth, occupation, or lifestyle. 11 / 2011. What is the term used to describe the use of markets or market-based processes to address social, political, or economic issues? A. Commodification B. Liberalization C. Globalization D. Marketisation Explanation: Marketisation involves using market mechanisms and principles to solve problems, often by reducing government intervention and promoting competition. 12 / 2012. What is the term used to describe the integration of markets around the world? A. Marketisation B. Globalization C. Commodification D. Liberalization Explanation: Globalization refers to the increasing interconnectedness of markets worldwide, driven by factors like technology, trade, and cultural exchange. 13 / 2013. Which of the following is NOT a potential negative impact of commodification? A. Exploitation of cultural resources B. Homogenization of cultures C. Increased cultural exchange and understanding D. Loss of traditional values and practices Explanation: While commodification can lead to cultural exchange, it can also have negative consequences, such as the erosion of traditional values and the exploitation of cultural resources. 14 / 2014. What is the term used to describe the integration of local economies into wider regional, national, and global markets? A. Market integration B. Market liberalization C. Market commodification D. Market globalization Explanation: Market integration refers to the process of connecting local markets to larger economic systems, allowing for the flow of goods, services, and capital across different levels. 15 / 2015. What is the term used to describe the process of transforming a traditional market or fair into a tourist attraction? A. Marketisation of culture B. Globalization of culture C. Liberalization of culture D. Commodification of culture Explanation: The commodification of culture involves turning cultural elements, such as traditions, knowledge, or even images, into products that can be sold in the market, often to tourists. 16 / 2016. Which of the following is NOT a sociological perspective on markets? A. Markets are embedded in social relationships. B. Markets operate independently of the larger social context. C. Markets are social institutions. D. Markets are constructed in culturally specific ways. Explanation: Sociologists emphasize that markets are not isolated entities but are influenced by social structures, cultural norms, and power dynamics. 17 / 2017. What is the most common understanding of a market? A. A gathering of people B. A social institution C. A place where things are bought and sold D. An area of trade or business Explanation: The most common understanding of a market is a physical place where goods and services are exchanged. 18 / 2018. Which of the following is NOT a characteristic of a weekly tribal market in rural India? A. It provides a space for social interaction and gatherings. B. It serves as a major institution for the exchange of goods. C. It connects local communities to wider regional and national economies. D. It is primarily focused on economic transactions. Explanation: While economic exchange is a key function of weekly tribal markets, they also serve important social functions, such as facilitating community gatherings and cultural exchange. 19 / 2019. Which of the following is NOT a way in which colonialism impacted the Indian economy? A. It promoted the growth of indigenous industries. B. It transformed India into a source of raw materials for British industries. C. It led to the decline of the handloom industry. D. It facilitated the entry of new groups, especially Europeans, into trade and business. Explanation: Colonialism often had a negative impact on indigenous industries, as they faced competition from cheaper manufactured goods from Britain. 20 / 2020. What is the term used to describe the process of bringing a product or service into the market economy? A. Liberalization B. Capitalism C. Commodification D. Consumption Explanation: Commodification is the process of transforming something that was not previously traded in the market into a commodity that can be bought and sold. Please insert your information to see your ranking अपनी Ranking जानने के लिए कृपया अपनी जानकारी भरे NamePhone Number Your score isThe average score is 0% 0% Restart quiz Category: Class 12 Sociology Quizzes in English
