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MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World II
Q. Guilds were associations of-
- a)Industrialization
- b)Exporters
- c)Traders
- d)Producers
Correct answer is option 'C'. Can you explain this answer?
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MCQ (Multiple Choice Questions) with Solutions are available for Pract...
The merchant guilds were usually associations of traders who were travelling away from their homes and therefore in need of lodging and representation in the places where they traded. In such locations, they came to own collectively inns and trading outlets which were regarded as theirs as a group which had an identity separate from that of their individual personalities.
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MCQ (Multiple Choice Questions) with Solutions are available for Pract...
Yes, guilds were the association of traders that trained craftspeople, maintained control over production, regulated competition and prices and restricted the entry of new people into the trade.....
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Explanation:
Guilds were associations of traders who were involved in a particular trade or craft. They played a significant role during the medieval period in regulating the production and sale of goods. Here is a detailed explanation of why guilds were associations of traders:
- Regulation of Trade: Guilds were formed to regulate the trade practices within a particular industry. They set rules and standards for the production, pricing, and quality of goods to maintain a level playing field among the traders.
- Training and Apprenticeship: Guilds also provided training and apprenticeship to individuals who wanted to enter a specific trade or craft. They ensured that the skills and techniques of the trade were passed down from one generation to the next.
- Market Control: Guilds had control over the market for their specific goods or services. They often had a monopoly over the production and sale of certain products, which helped them maintain high prices and quality standards.
- Social Welfare: Guilds also took care of the social welfare of their members. They provided support to the families of deceased members and took care of the sick and elderly within the guild.
- Political Influence: Guilds held significant political influence during the medieval period. They often had a say in local governance and decision-making processes, making them powerful entities in society.
In conclusion, guilds were associations of traders who worked together to regulate trade practices, provide training, control markets, ensure social welfare, and wield political influence. They played a crucial role in shaping the economic and social fabric of medieval society.
Guilds were associations of traders who were involved in a particular trade or craft. They played a significant role during the medieval period in regulating the production and sale of goods. Here is a detailed explanation of why guilds were associations of traders:
- Regulation of Trade: Guilds were formed to regulate the trade practices within a particular industry. They set rules and standards for the production, pricing, and quality of goods to maintain a level playing field among the traders.
- Training and Apprenticeship: Guilds also provided training and apprenticeship to individuals who wanted to enter a specific trade or craft. They ensured that the skills and techniques of the trade were passed down from one generation to the next.
- Market Control: Guilds had control over the market for their specific goods or services. They often had a monopoly over the production and sale of certain products, which helped them maintain high prices and quality standards.
- Social Welfare: Guilds also took care of the social welfare of their members. They provided support to the families of deceased members and took care of the sick and elderly within the guild.
- Political Influence: Guilds held significant political influence during the medieval period. They often had a say in local governance and decision-making processes, making them powerful entities in society.
In conclusion, guilds were associations of traders who worked together to regulate trade practices, provide training, control markets, ensure social welfare, and wield political influence. They played a crucial role in shaping the economic and social fabric of medieval society.
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MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer?
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MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer?.
MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer?.
Solutions for MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of MCQ (Multiple Choice Questions) with Solutions are available for Practice of the Chapter "The Age of Industrialisation", Class 10 (X) History, India and the Contemporary World IIQ. Guilds were associations of-a)Industrializationb)Exportersc)Tradersd)ProducersCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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