Look at a 10 rupee note. What is written on top? Can you explain this statement?
“Reserve Bank of India” and “Guaranteed by the Government” are written on top.
Reserve bank of india and guaranteed by the government are written on top a 10 rupee note. In india , currency is issued by the reserve bank of india on behalf of the central government. So these two statements signify that the currency is authorized of guaranteed by the central government. That is the Indian law legalizes the use of this 10 rupee note as a medium of payment anywhere in the country.
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.
Explain how public sector contributes to the economic development of a nation.
Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer.
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.
Why is the issue of sustainability important for development?
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.
Critically examine the progress of the consumer movement in India?
Distinguish between open unemployment and disguised unemployment.
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)
“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer.
What legal measures were taken by the government to empower the consumers in India?
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.
Describe some of your duties as consumers if you visit a shopping complex in your locality.
List a few examples of environmental degradation that you may have observed
around you.
How are the activities in the economy classified on the basis of employment conditions?
Critically examine the progress of the consumer movement in India?
Say True or False.
Assume there are four families in a country. The average per capita income of
these families is Rs 5000. If the income of three families is Rs 4000, Rs 7000
and Rs 3000 respectively, what is the income of the fourth family?
(i) Rs 7500
(ii) Rs 3000
(iii) Rs 2000
(iv) Rs 6000
Choose the most appropriate answer.
(i) In an SHG most of the decisions regarding savings and loan activities are taken by
(a) Bank.
(b) Members.
(c) Non-government organization.
(ii) Formal sources of credit do not include
(a) Banks.
(b) Cooperatives.
(c) Employers.