The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples.
Wages : labourers who are employed in the unorganized sector do not get fixed income. They nearly manage to earn their living. They are not employed all through the year. For examples, vendors, cobber, plumber, etc. proper and fixed wages should be given to these workers so that they can grow and contribute to
the growth of the country. Safety : workers in the unorganized sector are not provided safe and healthy working environment. For example, people working in the mining and chemical industries. There is no job security in this sector. Rules and laws should be there to provide such workers with a safe and secure working life.
Health : workers in the unorganized sector are given no medical security and leaves for sickness. For example, there are no health facilities for the construction workers.
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.
Distinguish between open unemployment and disguised unemployment.
“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.
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.
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)
Service sector in India employs two different kinds of people. Who are these?
What do you understand by disguised unemployment? Explain with an example
each from the urban and rural areas.
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?
What is the basic idea behind the SHGs for the poor? Explain in your own words.
Analyse the role of credit for development.
How do banks mediate between those who have surplus money and those who need money?
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
Critically examine the progress of the consumer movement 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.
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
What is the rationale behind the enactment of Consumer Protection Act 1986?
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.
What factors gave birth to the consumer movement in India? Trace its evolution?