Class 10 Social Science - Understanding Economic Development - Chapter Sectors of the Indian Economy NCERT Solutions | Give a few examples of public sector act

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.

Distinguish between open unemployment and disguised unemployment.

“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.

Using examples from your area compare and contrast that activities and functions
of private and public sectors.

The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples.

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)

What do you understand by disguised unemployment? Explain with an example
each from the urban and rural areas.

Service sector in India employs two different kinds of people. Who are these?

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

In situations with high risks, credit might create further problems for the borrower. Explain?

What do you understand by globalisation? Explain in your own words.

Why are rules and regulations required in the marketplace? Illustrate with a few examples.

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

How does money solve the problem of double coincidence of wants? Explain with example of your own.

What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

What factors gave birth to the consumer movement in India? Trace its evolution?

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

How do banks mediate between those who have surplus money and those who need money?

What factors gave birth to the consumer movement in India? Trace its evolution?

Fill in the blanks:

1. Majority of the credit needs of the __________households are met from informal sources.
2. __________costs of borrowing increase the debt-burden.
3. __________issues currency notes on behalf of the Central Government.
4. Banks charge a higher interest rate on loans than what they offer on __________.
5. _________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

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.

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.

“The impact of globalisation has not been uniform.” Explain this statement.

In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?

Why is the issue of sustainability important for development?

What legal measures were taken by the government to empower the consumers in India?
 

Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.