Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
The classification of economies activities into primary, tertiary and secondary is useful as it helps to classify the different occupations that are taken up by the people in the country and gives information on the contribution of different sectors to the growth of the country. It also helps in ascertaining as to which sector of economic activity contributes more or less to the country GDP and per capita income.
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.
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)
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.
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?
“The Earth has enough resources to meet the needs of all but not enough to
satisfy the greed of even one person”. How is this statement relevant to the
disscusion of development? Discuss.
By what means can the consumers express their solidarity?
What is the rationale behind the enactment of Consumer Protection Act 1986?
Describe some of your duties as consumers if you visit a shopping complex in your locality.
What legal measures were taken by the government to empower the consumers in India?
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.
Critically examine the progress of the consumer movement in India?