Civics chapter -8 Markets

 ONLY ANSWER

8. Short answer 

Questions

( a) Define free market 

 Short Answer 

 A free market is an economic system where there is minimal government intervention and regulations, and prices and decisions are determined by the interactions between buyers and sellers.

(B)   List the types of financial markets present in India. 

 Short Answer 

 The types of financial markets present in India are the money market, the capital market, and the derivatives market.

(C)  Explain briefly the process of producing a commodity 

 Short Answer 

 The process of producing a commodity involves several stages and activities that transform raw materials into a finished product. 

 The process involves sourcing raw materials, processing them, manufacturing the product, packaging it, and distributing it to consumers.

(D) How can awareness be increased in rural areas? 

 Short Answer 

 Awareness can be increased in rural areas through various methods such as community engagement, information campaigns, use of technology, and partnerships with local organizations.

(E)  Describe briefly the new types of markets emerging in the urban areas. 

 Short Answer 

 Some new types of markets emerging in urban areas include farmers markets, flea markets, artisanal food markets, and pop-up markets.

Long Answer question 

Questions

 (a) Describe the various types of markets in India. 

 

 The various types of markets in India include the financial market, commodity market, stock market, real estate market, and retail market. 

 (b) Describe the problems in rural markets? 

  

 Some problems in rural markets include accessibility, limited infrastructure, lack of resources and technology, lower purchasing power, and difficulty in reaching out to customers.

 (c) Explain any 5 types of financial markets in detail 

 

 The five types of financial markets are money market, capital market, derivatives market, foreign exchange market, and cryptocurrency market.