Analyse the role of credit for development.
Credit is one of the major aspects that determine a country’s development. There is a huge demand for loans for various economic activities. Cheap and affordable loans given people an opportunity to develop their business. Credit plays a very crucial role in agricultural activities. People can borrow money and use it to adopt modern farming method to increase the crop production and grow crops which are more reliable than the traditional methods. By sanctioning loans to developing industries and trade banks provide them with the necessary aid for improvement.
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:-
Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
- Q:-
Discuss and fill the following table giving one example each from your area.
Well-Managed Organisation
Badly-Managed Organisation
Public sector
Private sector
- Q:-
Service sector in India employs two different kinds of people. Who are these?
- Q:-
What is the rationale behind the enactment of Consumer Protection Act 1986?
- Q:-
What legal measures were taken by the government to empower the consumers in India?
- Q:-
Match the following.
(i)
Availing details of ingredients of a product
(a)
Right to safety
(ii)
Agmark
(b)
Dealing with consumer cases
(iii)
Accident due to faulty engine in a scooter
(c)
Certification of edible oil and cereals
(iv)
District Consumer Court
(d)
Agency that develops standards for goods and services
(v)
Consumers International
(e)
Right to information
(vi)
Bureau of Indian Standards
(f)
Global level institution of consumer welfare organisations
- Q:-
What is the basic idea behind the SHGs for the poor? Explain in your own words.
- Q:-
Using examples from your area compare and contrast that activities and functions
of private and public sectors. - Q:-
Which of the following neighbouring countries has better performance in terms of
human development than India?
(i) Bangladesh
(ii) Sri Lanka
(iii) Nepal
(iv) Pakistan - Q:-
Choose the most appropriate answer.
(a) The sectors are classified into public and private sector on the basis of:
(i) employment conditions
(ii) the nature of economic activity
(iii) ownership of enterprises
(iv) number of workers employed in the enterprise(b) Production of a commodity, mostly through the natural process, is an activity in ______________ sector.
(i) primary
(ii) secondary
(iii) tertiary
(iv) information technology(c) GDP is the total value of _____________ produced during a particular year.
(i) all goods and services
(ii) all final goods and services
(iii) all intermediate goods and services
(iv) all intermediate and final goods and services(d) In terms of GDP the share of tertiary sector in 2003 is _________
(i) between 20 per cent to 30 per cent
(ii) between 30 per cent to 40 per cent
(iii) between 50 per cent to 60 per cent
(iv) 70 per cent
- NCERT Chapter