The terms and their meaning are given. Examine

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.