The following tables gives the GDP in Rupees (Crores) by the three sectors:
Year |
Primary |
Secondary |
Tertiary |
1950 |
80,000 |
19,000 |
39,000 |
2000 |
3,14,000 |
2,80,000 |
5,55,000 |
i. Calculate the share of the three sectors in GDP for 1950 and 2000.
ii. Show the data as a bar diagram similar to Graph 2 in the chapter.
iii. What conclusions can we draw from the bar graph?
(i) In 2000,
Share of primary sector = 22.22% Share of secondary sector = 20.73%
Share of tertiary sector = 57.04% In 2013,
Share of primary sector = 13.94%
Share of secondary sector = 18.70%
Share of tertiary sector = 67.36%
(ii)Draw the Diagram
(iii) We can draw the conclusion that the share of the tertiary sector in the GDP has increased by 10% while that of the primary sector has almost halved. The secondary sector has grown by about 2% in the last 13 years.
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.
Distinguish between open unemployment and disguised unemployment.
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.
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.
The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples.
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?
How would flexibility in labour laws help companies?
Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
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
Critically examine the progress of the consumer movement in India?
List a few examples of environmental degradation that you may have observed
around you.
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
Describe some of your duties as consumers if you visit a shopping complex in your locality.
Why is the issue of sustainability important for development?
What are the reasons why the banks might not be willing to lend to certain borrowers?
How does money solve the problem of double coincidence of wants? Explain with example of your own.