Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
Yes, workers are exploited in the unorganized sector. A few reasons in support of this view are:
- The unorganized sector does not offer any job security.
- People are made to work for long hours.
- They are paid less than they deserve.
- Government rules and regulations to protect labourers are not followed there.
Explain how public sector contributes to the economic development of a nation.
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.
“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.
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)
Give a few examples of public sector activities and explain why the government
has taken them up.
Using examples from your area compare and contrast that activities and functions
of private and public sectors.
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?
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
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?
By what means can the consumers express their solidarity?
Mention some of the rights of consumers and write a few sentences on each?
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?
Describe some of your duties as consumers if you visit a shopping complex in your locality.
What is the rationale behind the enactment of Consumer Protection Act 1986?
Mention a few factors which cause the exploitation of consumers.
Explain the need for consumer consciousness by giving two examples.
What factors gave birth to the consumer movement in India? Trace its evolution?
Why are rules and regulations required in the marketplace? Illustrate with a few examples.