Mention some of the rights of consumers and write a few sentences on each?
Some of the rights of consumers are as follows:
Right to choose- any consumer who receives a service in whatever capacity, regardless of age, gender and nature of service, has the right to choose whether to continue to receive the service. Under this right, a consumer may also choose any one of the various brands of a product available in the market. Right to information: the RTI act aims at making every citizen of the country aware of the functioning of the government. Right to redressal- if any damage is done to a consumer, he/she has the right to get compensation depending on the degree of damage. This means that the consumer have the right to seek redressal against unfair trade practice and exploitation. Right to represent – this act has enabled the consumers to file cases against the manufactures or sellers if their product is found defective.
Critically examine the progress of the consumer movement in India?
What factors gave birth to the consumer movement in India? Trace its evolution?
By what means can the consumers express their solidarity?
What is the rationale behind the enactment of Consumer Protection Act 1986?
Mention a few factors which cause the exploitation of consumers.
What legal measures were taken by the government to empower the consumers in India?
Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
Say True or False.
Explain the need for consumer consciousness by giving two examples.
Why are rules and regulations required in the marketplace? Illustrate with a few examples.
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
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)
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.
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
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
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?
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
Match the following:
S/No. |
Problems faced by farming sector |
S/No. |
Some possible measures |
|
Unirrigated land |
|
Setting up agro-based mills |
|
Low prices for crops |
|
Cooperative marketing societies |
|
Debt burden |
|
Procurement of food grains by government |
|
No job in the off season |
|
Construction of canals by the government |
|
Compelled to sell their grains to the local traders soon after harvest |
|
Banks to provide credit with low interest |
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 what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?
“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer.
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between open unemployment and disguised unemployment.
Give a few examples of public sector activities and explain why the government
has taken them up.
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
Service sector in India employs two different kinds of people. Who are these?
Using examples from your area compare and contrast that activities and functions
of private and public sectors.
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.