Compare the employment conditions prevailing in the organised and unorganised
sectors.
In the organized sector, workers enjoy security of employment. They are expected to work only a fixed number of hours. If they work more, they have to be paid overtime by the employer. They also get several other benefits from the employers like paid leaves, payment during holidays, provident fund. Gratuity , medical insurance etc. In the unorganized sector , there is no provision for overtime paid leaves, holidays, leave due to sickness , medical facilities, etc. they do get any other allowances apart from daily wages. Employment is not secure. When there is less work, such as during some season, some people may be asked to leave.
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.
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?
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 do we use averages? Are there any limitations to their use? Illustrate with
your own examples related to development.
Find out the present sources of energy that are used by the people in India. What
could be the other possibilities fifty years from now?
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 |
In situations with high risks, credit might create further problems for the borrower. Explain?
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
What are the reasons why the banks might not be willing to lend to certain borrowers?
Why is the issue of sustainability important for development?
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
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 has liberalisation of trade and investment policies helped the globalisation process?