The Market as a Social Institution — Sociology STD 12 Humanities — Question
CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution2 Marks
Question
What is Hundi?
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Answer
Hundi is like a credit note. It was an important instrument of exchange and credit in trading communities.
It played an important role in the traditional trading system because trade took place basically within the caste and kinship network of those communities.
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