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.
“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.
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?
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
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.
In India, about 80 percent of farmers are small farmers, who need cultivation.
(a) Why might banks be unwilling to lend to small farmers? (b) What are the other sources from which the small farmers can borrow? (c) Explain with an example of how the terms of credit can be unfavorable for the small farmer.
(d) Suggest some ways by which small farmers can get cheap credit.
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
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.
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?
“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.
Analyse the role of credit for development.
Critically examine the progress of the consumer movement in India?
By what means can the consumers express their solidarity?