How do banks mediate between those who have surplus money and those who need money?
Books encourage the people with surplus money to invest their money with them. In return those people are paid a certain rate of interest for the same. Banks hold about 15 per cent of their deposits as cash. This is kept as provision to pay the depositors who might came to withdraw money from the bank on any given day. They use the major portion of the deposits to extend loans to those who need money. Banks charge a higher interest rate on loans than what they offer on deposits. The difference between the two rates is their main source of income.
Popular Questions of Class 10 Social Science - Understanding Economic Development
- Q:-
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
Explain how public sector contributes to the economic development of a nation.
- Q:-
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
- Q:-
“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer. - Q:-
For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.
- Q:-
Why is the issue of sustainability important for development?
- Q:-
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom. - Q:-
Critically examine the progress of the consumer movement in India?
- Q:-
Distinguish between open unemployment and disguised unemployment.
- Q:-
Fill in the blanks using the correct option given in the bracket:
(i) Employment in the service sector _________ increased to the same extent as production. (has / has not)
(ii) Workers in the _________ sector do not produce goods. (tertiary agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised)
(iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small)
(v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured)
(vi) The activities in primary, secondary and tertiary sectors are _________. (independent / interdependent)
Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development
- Q:-
Explain the objective of implementing the NREGA 2005.
- Q:-
Development of a country can generally be determined by
(i) its per capita income
(ii) its average literacy level
(iii) health status of its people
(iv) all the above - Q:-
Using examples from your area compare and contrast that activities and functions
of private and public sectors. - Q:-
The following tables gives the GDP in Rupees (Crores) by the three sectors:
Year
Primary
Secondary
Tertiary
1950
80,000
19,000
39,000
2000
3,14,000
2,80,000
5,55,000
i. Calculate the share of the three sectors in GDP for 1950 and 2000.
ii. Show the data as a bar diagram similar to Graph 2 in the chapter.
iii. What conclusions can we draw from the bar graph?
- Q:-
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
- Q:-
Critically examine the progress of the consumer movement in India?
- Q:-
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
- Q:-
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples. - Q:-
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.
- NCERT Chapter