Description : 10. What do you understand by disguised unemployment? Explain with an example each from the urban and rural areas. -Economics 10th
Last Answer : The situation of underemployment, where people are apparently working but all of them are made to work less than their potential is called disguised unemployment. In this case, the person considers himself ... are unable to find work on a daily basis and work way less than their potential.
Description : 8. Make a long list of all kinds of work that you find adults around you doing for a living. In what way can you classify them? Explain your choice. -Economics 10th
Last Answer : The activities performed by human beings for a living are classified into three sectors: primary, secondary and tertiary. When we see people around us, we can classify their employment ... the secondary sector. Teaching, mining, banking, transportation are all examples of the tertiary sector.
Description : 9. How is the tertiary sector different from other sectors? Illustrate with a few examples. -Economics 10th
Last Answer : The are activities that help in the development of the primary and secondary sectors are called tertiary activities. These activities are different from the primary and secondary sector activities. These ... but play a very important role in selling and bringing those goods to the market.
Description : 7. 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. -Economics 10th
Last Answer : Employment and GDP are two of the most important factors in the development of a country. Employment and GDP are used to calculate the overall productivity and National ... chapter. Other issues which should be examined are as follows:Health care facilitiesEducationPovertyFood ProductionNourishment
Description : 6. Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how. -Economics 10th
Last Answer : The classification of economic activities into primary, secondary and tertiary is useful, as it helps to classify the different occupations that are taken up by the people in the country and how much ... the GDP and which sector has the scope to employ more people and increase the National Income.
Description : Complete the table. What is the percentage of workers in the unorganised sector in this city? -Economics 10th
Last Answer : Place of WorkNature of EmploymentPercentage of working PeopleIn offices and factories registered with the governmentOrganised15Own shops, office, clinics in marketplaces with formal ... , domestic workersUnorganised20Working in small workshops usually not registered with the governmentUnorganised50
Description : (iv) MTNL, Indian Railways, Air India, Jet Airways, All India Radio -Economics 10th
Last Answer : Jet Airways is the odd one out because it is owned by a private company and MTNL, Indian Railways, Air India and All India Radio are owned by the Government of India
Description : (ii) Teacher, doctor, vegetable vendor, lawyer -Economics 10th
Last Answer : The Vegetable vendor is the odd one out because he works in the primary sector, while jobs of teacher, lawyer and doctor come under the tertiary sector.
Description : Find the odd one out and say why. (i) Tourist guide, dhobi, tailor, potter -Economics 10th
Last Answer : Tourist Guide is the odd one out because he or she is appointed by the Government Department but tailor, dhobi and potter own their private work.
Description : d. Suggest some ways by which small farmers can get cheap credit. -Economics 10th
Last Answer : Small farmers can get cheap credit by the formal sources of credit like banks.
Description : In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. a. Why might banks be unwilling to lend to small farmers? -Economics 10th
Last Answer : Banks might be unwilling to lend money to small farmers because there are high risks. If the harvest gets ruined, there is a possibility that they might not be able to receive the instalments on ... for getting a loan from the bank, which might not be available with the small scale farmers.
Description : c. Explain with an example of how the terms of credit can be unfavourable for the small farmer. -Economics 10th
Last Answer : When a small scale farmer borrows money from a bank, he has to repay the amount at a fixed rate of interest. For example, if a farmer borrows money from the bank and during the harvest season his ... not be able to repay the amount loaned him by the bank and will further fall into the debt trap.
Description : b. What are the other sources from which the small farmers can borrow? -Economics 10th
Last Answer : Small farmers can move to informal sources of credit if they re not borrowing money from a bank. These informal sources of credit include moneylenders, agricultural traders, etc.
Description : 10. Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss. -Economics 10th
Last Answer : Manav wants to set up a small business. He needs to keep the below-mentioned things in mind while deciding whether to borrow money from a bank or money lender: He needs to compare the interest ... eligible documents required by the banks to get his loan approved. How he wishes to repay the lender.
Description : 7. What are the reasons why the banks might not be willing to lend to certain borrowers? -Economics 10th
Last Answer : The reasons why banks might not be willing to lend money to certain borrowers are given below:Some people fail to provide the required set of documents to get a loanIrregular wages and ... loansCertain borrowers are added to the list of NPAsThere is high risk in approving loans to entrepreneurs
Description : 8. In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary? -Economics 10th
Last Answer : The Reserve Bank of India is the central bank of India, and all the other public sector banks work under the supervision of the Reserve Bank of India. It manages the functioning of the banks in ... to people.It also keeps a regular check on the interest rates set for loans in public sector banks.
Description : 9. Analyse the role of credit for development. -Economics 10th
Last Answer : Credit is one of the most major aspects of the development of a country. Affordable credit plays a very important role in the country's development. People need loans for different reasons ... other sectors where credit can help people and ultimately result in the development of the country.
Description : 5. Why do we need to expand formal sources of credit in India? -Economics 10th
Last Answer : Formal sources of credit are the Government authorised organisations that are eligible to lend money to people. It is important to expand formal sources of credit in India because the informal sources are ... , people will be able to take loans and use them for the development of the country.
Description : 6. What is the basic idea behind the SHGs for the poor? Explain in your own words. -Economics 10th
Last Answer : The Self Help Groups (SHGs) have been set in India with an aim to help the rural poor, especially women. A typical Self Help Group comprises 15-20 people from the same neighbourhood ... employment opportunities for the rural people so that they could start a small business to earn a livelihood.
Description : 4. Look at a 10 rupee note. What is written on top? Can you explain this statement? -Economics 10th
Last Answer : Reserve Bank of India and Guaranteed by the Central Government is written on the top of a 10 rupee note. Currency in India is issued by the central bank of the country, in the ... government, and these two are the only authorities which are responsible for issuing notes and currency in India.
Description : 3. How do banks mediate between those who have surplus money and those who need money? -Economics 10th
Last Answer : Banks mediate between those who have surplus funds (the depositors) and those who are in need of funds (the borrowers) by lending money to people who are in need. People can open accounts ... is charged for the borrower and that profit is given to the depositor as interest for offering deposits.
Description : 2. How does money solve the problem of double coincidence of wants? Explain with an example of your own. -Economics 10th
Last Answer : Double coincidence of wants' is when whatever a person desires to sell is exactly what the other wishes to buy. In a barter system where goods are directly exchanged without the use of money, double ... who needs it and in return, buy cereals from the money he gets from the buyer of rice.
Description : 1. In situations with high risks, credit might create further problems for the borrower. Explain. -Economics 10th
Last Answer : In situations with high risks, credit might create further problems for the borrower. Credit involves a certain amount of loan that is taken by a borrower from a lender at a high-interest rate. In case ... the borrower. The borrower also has to sell a part of his or her land to repay the loan.
Description : 3. Globalisation has led to improvement in living conditions -Economics 10th
Last Answer : b. of people in developed countries
Description : 2. The most common route for investments by MNCs in countries around the world is to -Economics 10th
Last Answer : c. buy existing local companies
Description : 1. The past two decades of globalisation has seen rapid movements in -Economics 10th
Last Answer : c. goods, services and investments between countries
Description : 10. 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 arguments? -Economics 10th
Last Answer : Globalisation has its pros and cons, and there are various advantages and disadvantages of the increasing globalisation in the country. The advantages of increased globalisation include improved ... scale local industrialists are unable to earn much profit. Thereby increasing income inequality.
Description : 9. Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer. -Economics 10th
Last Answer : Globalisation will continue in the future as well. Twenty years from now, the production of goods will be more efficient, competition in the market will increase, advancement in every ... increase. Small industries and entrepreneurs will increase as more opportunities will be provided to them.
Description : 8. How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here. -Economics 10th
Last Answer : Foreign trade has led to the integration of markets across the countries. Because of foreign trade, the producers are now able to compete and export their goods to the markets of other countries. ... not flooded with goods made in India but goods from all across the world at an affordable price.
Description : 6. “The impact of globalisation has not been uniform.” Explain this statement. -Economics 10th
Last Answer : The impact of globalisation has not been uniform because only the developed countries have gained profits due to globalisation. The developing countries are only a source of setting industries and ... been facing challenges in terms of earning profits and brings their goods in the market.
Description : 7. How has liberalisation of trade and investment policies helped the globalisation process? -Economics 10th
Last Answer : The liberalisation of trade and investment policies helped the globalisation process because it has helped in the removal of trade barriers. It has made foreign trade and investment easier. The ... as the decision making power of export and import now lies with the businessmen themselves.
Description : 5. Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return? -Economics 10th
Last Answer : Developed countries want developing countries to liberalise their trade and investment because MNCs can set up industries in small and developing nations, which are less expensive and can earn them more ... turn, ask for a fair removal of trade barriers in order to protect their own industries.
Description : 4. What are the various ways in which MNCs set up, or control, production in other countries? -Economics 10th
Last Answer : MNCs set up and control production by investing a huge amount of money in a country's economy. It sets up production units close to the market so that they get cheaper labour. To ... . They help production using technology and heavy machinery, which makes the work more efficient and productive.
Description : 3. How would flexibility in labour laws help companies? -Economics 10th
Last Answer : Flexibility in labour law helps companies because it helps to attract foreign investments. Instead of hiring workers on a regular basis, companies hire workers flexibly for short periods when there is ... with these laws, the foreign companies will not be able to reach their desired profit levels.
Description : 2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? -Economics 10th
Last Answer : The main reason for putting barriers to foreign trade and foreign investment by the Indian government was to protect the interest earned by producers and small industrialists of our country from ... and removing these barriers would increase trade and quality of products produced in the country.
Description : 1. What do you understand by globalisation? Explain in your own words. -Economics 10th
Last Answer : Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). Increase in foreign trade, migration of people ... and private and public investments from foreign countries all together contribute to globalisation.
Description : 1. Which one of the following logos is used for standardisation of agricultural products? [Delhi, 2012] -Economics 10th
Last Answer : The answer is Agmarg.
Description : Question 10: By what means can the consumers express their solidarity? -Economics 10th
Last Answer : The consumers can express their solidarity by forming consumer awareness organisation which may get representation in various committees formed by the government. There should be consumer’s active involvement to protect the interest of all the consumers.
Description : Question 11: Critically examine the progress of the consumer movement in India? -Economics 10th
Last Answer : The consumer movement in India has evolved vastly since it began. There has been a significant change in consumer awareness in the country. Till the enactment of COPRA in 1986, the consumer ... consumer groups of which, unfortunately, only about 20-25 are well-organized and functioning smoothly.
Description : Question 9: Mention some of the rights of consumers and write a few sentences on each? -Economics 10th
Last Answer : Some of the rights of consumers include the right to be informed, the right to choose, the right to seek redressal and the right to representation in consumer courts. Under the RTI Act ... . The right to seek redressal permits a consumer to complain against unfair trade practices and exploitation.
Description : Question 8: What legal measures were taken by the government to empower the consumers in India? -Economics 10th
Last Answer : The following legal measures were taken by the government to strengthen the consumers in India :Consumer Protection Act popularly known as COPRA was enacted in 1986. It was amended in 1991 and ... departments. The citizens have the right to know the particulars of goods and services they purchase.
Description : Question 7: Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why? -Economics 10th
Last Answer : While buying a bottle of honey or a biscuit packet, the logo or mark one will have to look for is ISI or Agmark. These are logos certifying the quality of goods in the market. Only those producers ... biscuit packet has one of these logos on it, then it implies that the product is of good quality.
Description : Question 6: Describe some of your duties as consumers if you visit a shopping complex in your locality. -Economics 10th
Last Answer : Some of my duties as a consumer if I visit a shopping complex include checking expiry dates of the products I wish to purchase, paying only the maximum retail price printed on the goods, ... forum or court in case a seller refuses to take responsibility for an adulterated or flawed product.
Description : Question 5: What is the rationale behind the enactment of Consumer Protection Act 1986? -Economics 10th
Last Answer : The rationale behind the enactment of Consumer Protection Act 1986 (COPRA) was to protect the interests of the consumers because there are no legal formalities for filing the complaint. A consumer ... a plain paper along with supporting documents such as guarantee or warrantee card, cash memo etc.
Description : Question 4: Mention a few factors which cause the exploitation of consumers. -Economics 10th
Last Answer : Exploitation of consumers is caused by a variety of factors. Producers are always looking for easy ways to increase profits. Adulterated or low-quality goods have fewer production costs, and if ... where there is no awareness of consumer rights and the COPRA, consumer exploitation is rampant.
Description : Question 3: Explain the need for consumer consciousness by giving two examples. -Economics 10th
Last Answer : Two examples are Reji’s suffering and Amritha’s waiting. In case of Reji, a hospital, due to negligence of the doctors and staff in giving anaesthesia, crippled him for life. ... for appointment. Thus, there is a need for consumer consciousness to protect their interests successfully.
Description : Question 2: What factors gave birth to the consumer movement in India? Trace its evolution? -Economics 10th
Last Answer : The factors that gave birth to the consumer movement in India are manifold. It started as a “social force” with the need to protect and promote consumer interests against unfair and unethical trade ... Act, also known as COPRA. This was a major step in the consumer movement in India.
Description : Why are rules and regulations required in the marketplace? Illustrate with a few examples. -Economics 10th
Last Answer : Rules and regulations are required in the market place due to the following reasons :The consumers are exploited by the shopkeepers and traders in different ways such as less weight or measurement, ... cancer. Hence there is a need for rules and regulations to ensure protection for consumers.
Description : What is The abbreviation for police constable?
Last Answer : What is the answer ?
Description : Mr. Steve lives in a mansion. He is very rich. He's so rich that he has a maid, a cook, a butler, and a lifeguard. Yesterday, Mr. Steve was found dead. The chief detective was ... one chance because if you choose incorrectly, you accuse the wrong person and the true killer gets away. -Riddles
Last Answer : The postman was lying. If the chief detective was coming from church, then you know that the post office doesn't deliver mail on Sunday.