Question
Easy
Which of the following forms the trading arrangement between a weaver and a merchant under the "Putting out" system ? Choose the correct option.
1
Yarn is bought for the lowest bid from merchant; and cloth is sold at highest bid.
2
Yarn is sold to the weaver by the merchant; and weaver makes cloth for self-consumption.
3
Yarn is supplied by the merchant to the weaver and cloth produced is bought back from weaver at a low price.
4
Yarn is bought by weaver from the open market and cloth is sold to merchant at a low price.
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Modern India: Colonial Rule & Freedom Struggle
Topic: Socio-Religious Reforms & Impact of Colonialism
Correct Answer
Option A
Explanation
Option 1 is stated as the correct answer, and we will provide a detailed explanation to support this choice while also explaining why the other options are incorrect. ### Explanation for Option 1: Option 1 states: "Yarn is bought for the lowest bid from merchant; and cloth is sold at highest bid." 1. Justification for Option 1: - The "Putting out" system is a traditional form of production where merchants…Read More
Similar Questions from REET Exam - Paper 1 - Year 2018
Question 1
Easy
Source :
Modern India: Colonial Rule & Freedom Struggle
Which one of the following organizations believes in Upanishads ?
Chapter :
Modern India: Colonial Rule & Freedom Struggle
Topic :
Socio-Religious Reforms & Impact of Colonialism
Question 2
Easy
Source :
Modern India: Colonial Rule & Freedom Struggle
Which of the following composed the main demand of the suffragettes ?
Chapter :
Modern India: Colonial Rule & Freedom Struggle
Topic :
Socio-Religious Reforms & Impact of Colonialism
Question 3
Easy
Source :
Modern India: Colonial Rule & Freedom Struggle
Which of the following is FALSE in the context of women, caste and reform during the colonial period ?
Chapter :
Modern India: Colonial Rule & Freedom Struggle
Topic :
Socio-Religious Reforms & Impact of Colonialism
Question 4
Easy
Source :
Modern India: Colonial Rule & Freedom Struggle
The increased demand for Indian textiles in European markets in the sixteenth and seventeenth centuries led to the following changes for Indian weavers : A.…
Chapter :
Modern India: Colonial Rule & Freedom Struggle
Topic :
Socio-Religious Reforms & Impact of Colonialism