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.
“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.
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)
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?
Why are rules and regulations required in the marketplace? Illustrate with a few examples.
Why is the issue of sustainability important for development?
Say True or False.
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.
(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words.
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?
How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given here.
Match the following.
(i) |
Availing details of ingredients of a product |
(a) |
Right to safety |
(ii) |
Agmark |
(b) |
Dealing with consumer cases |
(iii) |
Accident due to faulty engine in a scooter |
(c) |
Certification of edible oil and cereals |
(iv) |
District Consumer Court |
(d) |
Agency that develops standards for goods and services |
(v) |
Consumers International |
(e) |
Right to information |
(vi) |
Bureau of Indian Standards |
(f) |
Global level institution of consumer welfare organisations |
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?
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.
Mention a few factors which cause the exploitation of consumers.