Class 10 Social Science - Understanding Economic Development - Chapter Sectors of the Indian Economy NCERT Solutions | Fill in the blanks using the correct opt

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.

Distinguish between open unemployment and disguised unemployment.

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.

Give a few examples of public sector activities and explain why the government
has taken them up.

Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.

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

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?

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.

Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?

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

Say True or False.

1. COPRA applies only to goods.
2. India is one of the many countries in the world which has exclusive courts for consumer redressal.
3. When a consumer feels that he has been exploited, he must file a case in the District Consumer Court.
4. It is worthwhile to move to consumer courts only if the damages incurred are of high value.
5. Hallmark is the certification maintained for standardisation of jewellry.
6. The consumer redressal process is very simple and quick.
7. A consumer has the right to get compensation depending on the degree of the damage.

Critically examine the progress of the consumer movement in India?

Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?

What is the basic idea behind the SHGs for the poor? Explain in your own words.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

Why do we use averages? Are there any limitations to their use? Illustrate with
your own examples related to development.

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