Q. The terms and their meaning are given. Examine:
1. Qasba, a wholesale market
2. Ganj, a fixed regulated market
3. Mandi, a local production centre
4. Arang, a fixed country seat
Select the code for correct statements:
(a) 2 only
(b) 2 and 3
(c) 4 and 1
(d) 3 only
Ans: (b) 2 and 3
Explanation: The correct answer is (b) 2 and 3
The correct statements are:
2. Ganj, a fixed regulated market
3. Mandi, a local production center
Ganj refers to a fixed regulated market where trade and commerce take place. It is a designated market area where merchants gather to buy and sell goods under certain regulations and guidelines.
Mandi refers to a local production center where agricultural or other locally produced goods are brought for sale. It is a marketplace specifically established for the trading of locally produced commodities.
Therefore, the correct code is (b) 2 and 3.
