The Market as a Social Institution — Sociology STD 12 Humanities — Question
CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution2 Marks
Question
‘Hundi’ played an important role in the traditional trading system because ______.
✓
Answer
‘Hundi’ played an important role in the traditional trading system because-
It was bill of exchange like a credit note which allowed merchants to engage in long distance trade.
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