Q. Which of the following is true for weekly markets?

1. A weekly market is so called because it is held on a specific day of the week.
2. Weekly markets have permanent shops.
3. Many things in weekly markets are available at cheaper rates.

Select the correct answer from the codes given below:
Answer: Only 1 and 3
Notes: A weekly market is so called because it is held on a specific day of the week. Weekly markets do not have permanent shops. Traders set up shops for the day and then close them up in the evening. Then, they set up their shops at a different place the next day. There are thousands of such markets in India. People come here for their everyday requirements. Many things in weekly markets are available at cheaper rates. This is because when shops are in permanent buildings, they incur a lot of expenditure - they have to pay rent, electricity, fees to the government, etc. They also have to pay wages to their workers.

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.