extra questions of economics chapter 2 class 10
Also after the chapter, you can get links to Class 10 Economics Notes, NCERT Solutions, Important Question, Practice Papers etc. Organised because it has some formal processes and procedures. Question 7. Everyone irrespective of caste, religion, gender, etc. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. CBSE Schools Educational Study Material. Why is the tertiary sector also called the service sector? Question 2. Complete Extra Questions (with Answers) - Understanding Economic Development | EduRev Notes chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out Class 10 lecture & lessons summary in the same course for Class 10 … Download CBSE NCERT Books and Apps for offline use. Learn about the classification of economic activities to understand the contribution of various sectors to the Indian economy. National Rural Employment Guarantee Act. What will you suggest to curb it? And the sum production in the three sectors gives the Gross Domestic Product or GDP of a country. What do you mean by ‘fair price’? The truth is that tertiary sector is playing a very significant role in the development of Indian economy. Answer: You can see this change quite sharply in cities, especially in big cities. These activities, by themselves, do not produce a good but they are an aid or support for the production process. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. Give one difference between organised and unorganised sectors. Now suppose a new dam is constructed and canals are dug to irrigate many such farms. Similarly, we see other people of the service sector on the street pushing a cart or selling household things where they may spend the whole day but earn very little. GDP stands for Gross Domestic Product. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. Download NCERT Books and Offline Apps 2020-21 based on latest CBSE Syllabus and use it offline without internet. Our Class 10 Economics Chapter 1 Questions and Answers cover these mixed goals in detail so that you comprehend the topic better and strengthen your grip on the subject. Improve Your Career with Online Certification Programs. The nature of economic activity. Question 6. List some activities which come under tertiary sector but not directly? Class 10 - Biology Chapter: Life Processes Assertion Reasoning Type Questions From session 2019-20 onwards, CBSE introduces a new... CBSE Class 10/9/8 - English - Reading Comprehension (Unseen Passage) (Set-14)(#eduvictors)(#readingComprehension) Question and Answer forum for K12 Students. On the basis of ownership of enterprises, economy is classified into. Answer: Question 15. Why? Answer: GDP shows how big the economy is. Answer: There were increasing number of craft- persons and traders. Besides basic things like water, electricity, healthcare etc., we also need roads, railways, bridges, etc. etc. from farmers is called fair price. (ii) Secondary Sector: This sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. So, even if you move a few people out, production will not be affected. Raw materials from the primary sector are changed into processed goods through ways of manufacturing in the secondary sector. Question 1. These are activities that help in the development of the primary and secondary sectors. For example, we require teachers, doctors, and those who provide personal services such as washer men, barbers, cobblers, lawyers, and people to do administrative and accounting works. Question 4. This is done to avoid double counting. The following values can be associated with the public sector. When we produce a good by exploiting natural resources, it is an activity of the primary sector e.g., the cultivation of cotton. to increase income and employment for people. These questions will act as extra questions. Describe all the three sectors of economic activities. Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Value-based Questions (VBQs) Question 1. In about 625 districts of India, it is called Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005). It is the next step after primary. However, there are other non-monetary things too that people need, such as freedom, equality, respect, security, etc. For example, selling electricity at the cost of generation may push up the costs of production of goods in many industries. They are employed as painters, plumbers, repair persons and others doing odd jobs. The types of work that would in future help to increase the production from land will be given preference under the Act. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, the primary sector is also called agriculture and related Sector. Development Class 10 Important Questions with Answers Social Science Economics Chapter 1. Some of these would require proper planning and support from the government. Take, for example, the cultivation of cotton. Ask your doubts related to Maths, Science or Social Science in Discussion Forum and get the answers from many users. Economic activities, though, are grouped into three different categories, are highly interdependent. So, two more members of the family can be employed in her own field. Explain the objectives of National Rural Employment Guarantee Act, 2005. Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. When we produce a good by exploiting the natural resources, it is an activity of primary sector. This is the situation of underemployment, where people are apparently working but all of them are made to work less than their potential. Not every good (or service) that is produced and sold needs to be counted. Answer: Intermediate goods and services are required for production of other goods and services. Biscuits are the final goods, i.e., goods that reach the consumers. What is meant by the NITI ayog? So, ace up your preparation with MCQ of Chapter 2 Economics Objective Questions. In other words, workers in the agricultural sector are underemployed. Government also needs to pay attention to aspects of human development such as availability of safe drinking water housing facilities for the poor and food and nutrition. Similarly, if we are to improve the health situation, we need many more doctors, nurses, health workers etc. For this they may be required to transport their products to a nearby town. For example, transport, banking, insurance, internet cafe, etc. Thus, governments have to undertake such heavy spending and ensure that these facilities are available for everyone. Besides, there were also transporters, administrators, army etc. There are many activities that are undertaken by directly using natural resources. A Letter to God Extra Questions; Nelson Mandela: Long Walk to Freedom Extra Questions; Two Stories about Flying Extra Questions Question 2. In contrast to this, the secondary and tertiary sectors produce three-fourth of the produce whereas they employ less than half the people. The service sector has become the most important in terms of total production. When there is less work, such as during some seasons, some people may be asked to leave. Give reasons in support of your answer. For example, the cultivation of cotton. Using sugarcane as a raw material, we make sugar or Gur. Answer: 2. By doing this, we get the income measure of GDP. Indiaâs size of illiterate population is one of the largest in the world. And sum of production in the three sectors gives what is called the Gross Domestic Product or GDP of a country. Out of this, only about 51 per cent are attending educational institutions. Complete Short Answer Questions - Chapter 1 - Introduction (Microeconomics), Class 12, Economics | EduRev Notes chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out Commerce lecture & lessons summary in the same course for Commerce Syllabus. There are several things needed by the society as a whole but which the private sector will not provide at a reasonable cost. It forms the base for all other products that we subsequently make. The price on which the government buys foodgrains such as wheat, rice, etc. Here it is worth- mentioning that we are not supposed to count either raw material or intermediate goods used in domestic production. Using sugarcane as a raw material, we make sugar or gur in a factory. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. Answer: Ans. can avail public facilities. (i) Tertiary sector helps in the development of the primary and secondary sectors by providing them services like transportation, storage, banking, communication, etc. Sectors of the Indian Economy CBSE Class 10 Economics Extra Questions With Solutions Sectors of the Indian Economy CBSE Class 10 Economics Extra Questions With Solutions According to new CBSE Exam Pattern, MCQ Questions For Class 10 Social Science with Answers Carries 20 Marks. (iii) As income levels rise, certain sections of people especially in big cities, start demanding many more services like eating out, tourism, shopping, private hospitals, etc. As a result, more than half of the workers in the country are working in the primary sector, mainly in agriculture, producing only a quarter of the GDP. Railways or post office is an example of the public sector whereas companies like Tata Iron and Steel Company Limited(TISCO) or Reliance Industries Limited (RIL) are privately owned. They are expected to work only a fixed number of hours. Workers are exploited in the unorganised sector. But the employment opportunities in the organised sector have been expanding very slowly. Workers in the organised sector enjoy security of employment. Answer: People began to use many more goods that were produced in factories at cheap rates Secondary sector gradually became the most important in total production and employment. The biscuit company uses the flour and things such as sugar and oil to make four packets of biscuits. 3. In the urban areas, unorganised sector comprises mainly of workers in small-scale industry, casual workers in construction, trade and transport etc., and those who work as street vendors, head load workers, garment makers, rag pickers etc. to work in rural areas. Emphasis should be laid on skill development, particularly in rural areas. Sectors of the Indian Economy Class 10 Important Questions with Answers Social Science Economics Chapter 2. 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