A Letter to God Extra Questions; Nelson Mandela: Long Walk to Freedom Extra Questions; Two Stories about Flying Extra Questions Question 2. It has nothing to do with the welfare of the public. A lot also depends on the whims of the employer. In contrast to this, the secondary and tertiary sectors produce four-fifths of the produce whereas they employ less than half the people. And sum of production in the three sectors gives what is called the Gross Domestic Product or GDP of a country. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. Mention the three ways in which GDP can be measured. No, I do not agree to this point. Question 17. Using sugarcane as a raw material, we make sugar or gur in a factory. It is also common to find many organised sector enterprises in the unorganised sector. In this way, the government supports both farmers and consumers. (i) Tertiary sector helps in the development of the primary and secondary sectors by providing them services like transportation, storage, banking, communication, etc. CBSE Schools Educational Study Material. Home Class10civics-extra Federalism Class 10 Extra Questions Civics 16 Sept, 2018 Federalism Class 10 Extra Questions Civics Social Studies (S.St) Important Questions Answer Included Very Short Answer Questions (VSAQs): 1. In recent times, certain new services based on information technology such as internet cafe, ATM booths, call centres, software companies etc. What is meant by sectors? What are final and intermediate goods? For achieving better scores in Class 10th Economics Chapter 2, it is essential to have a solid grip on fundamental topics like the different bases of categorisations of Economy, Employment, and Gross Domestic Product among others. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. Many of them do not find work everyday. Even if they do provide these things they would charge a high rate for their use. List some activities which come under tertiary sector but not directly? For example, Maruti Udyog, Reliance Industries Limited (RIL) etc.. (ii) The purpose of the public sector is not just to earn profits but to work for the welfare of the public. This trend has contributed vastly to the Indian economy. While production in the service sector rose by more than 14 times, employment in the service sector rose around five times. They would also need to sell some of this. Some of these would require proper planning and support from the government. how is it efficient for poor people? 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. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Using sugarcane as a raw material, we make sugar or Gur. By counting the value of what has been produced in the country in a given year. Which sector is the largest employer in India? For example, transport, banking, insurance, internet cafe, etc. Why are only ‘final goods and services’ counted? Service sector also includes some essential services that may not directly help in the production of goods. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. We also find that majority of workers from scheduled castes, tribes and backward communities find themselves in the unorganised sector. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. Solution: The primary sector … We know that nearly half of India’s children are malnourished and a quarter of them are critically ill. We have read about Infant Mortality Rates. Biscuits are the final goods, i.e., goods that reach the consumers. As per the provision of the Equal Wages Act, all workers doing the same work must be paid the same. Development Class 10 Important Questions with Answers Social Science Economics Chapter 1. The infant mortality rate of Odisha (45) or Madhya Pradesh (47) is higher than some of the poorest regions of the world. Explain with example. This could be in a factory, a workshop or at home. Explain with example. Class 10 Social Science: Check Important Questions & Answers of Geography - All Chapters. The government can spend some money or banks can provide a loan, to construct a well for her family to irrigate the land. Improve Your Career with Online Certification Programs. In this way, they have become victims of the problem of under-employment. Appearing Students of Class 10 Exams can download MCQ on Sectors of Indian Economy Class 10 with Answers from here. What are other classifying economic activities into sectors? The private sector may not continue their production or business unless government encourages it. And the sum production in the three sectors gives the Gross Domestic Product or GDP of a country. So, ace up your preparation with MCQ of Chapter 2 Economics Objective Questions. Jobs here are low-paid and often not regular. For example, selling electricity at the cost of generation may push up the costs of production of goods in many industries. The government stores these foodgrains in its godowns and sells at a lower price to consumers through ration shops. Answer: Raw materials from the primary sector are changed into processed goods through ways of manufacturing in the secondary sector. A study conducted by the erstwhile Planning Commission (now known as NITI Aayog) estimates that nearly 20 lakh jobs can be created in the education sector alone. How can we create more employment? The price on which the government buys foodgrains such as wheat, rice, etc. What are the drawbacks of the Unorganised sector? Answer: Since the secondary sector gradually became associated with the different kinds of industries that came up, it is also called industrial sector. Question 14. 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. This is the situation of underemployment, where people are apparently working but all of them are made to work less than their potential. (ii) Over the past decade or so, certain new services such as those based on information technology have become important and essential. They adopt such strategies to evade taxes and refuse to follow laws that protect labourers. It is the next step after primary. Public sector. Ask your doubts related to Maths, Science or Social Science in Discussion Forum and get the answers from many users. What is meant by the NITI ayog? GDP shows how big the economy is. Question 6. On what basis sectors are classified into primary, secondary and tertiary sectors? Explain with examples. In the rural areas, the unorganised sector mostly comprises of landless agricultural labourers, small and marginal farmers, sharecroppers and artisans such as weavers, carpenters, etc. Custom Essay Writing Services: How to Choose the Right One. Explain with example. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. Distinguish between the public sector and private sector. Its extremely critical for all CBSE students to practice all List some facilities provide by government which may public sector not provide at an affordable cost? Class 10 Economics The skilled and well- experienced subject teachers who hold huge experience has prepared these solutions. Extra Questions for Class 10 English First Flight Chapter wise. The Xam Idea Class 10 solutions cover the complete syllabus of the exam. As the methods of farming changed and agriculture sector began to prosper, it produced much more food than before. Ans. This Ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their prices and then estimates the GDP. When there is less work, such as during some seasons, some people may be asked to leave. Question 4. Question 5. GDP shows how big the economy is. The following values can be associated with the public sector. How many days of guaranteed employment are provided under National Rural Employment Guarantee Act, 2005? You can also find Social Science Class 10 Important Questions With Answers Pdf from the year 2010 to 2020 CBSE board exams. Since these activities generate services rather than goods, the tertiary sector is also called the service sector. If they work more, they have to be paid overtime by the employer. This kind underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. Which authority is responsible for collecting data for the GDP in India? Answer: Answer: Let us suppose that one hectare of wheat can provide employment to two people for 50 days (including sowing, watering, fertiliser application and harvesting). Learn about the classification of economic activities to understand the contribution of various sectors to the Indian economy. It is the value of all final goods and services produced within a country during a particular year. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. Similarly, farmers work on their own and hire labourers as and when they require. In contrast to final goods, goods such as wheat and the wheat flour in this example are intermediate goods. Answer: In about 625 districts of India, it is called Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005). How does it do this task? The exam question paper is designed to assess your knowledge of globalisation, Indian economy, money and development. GDP stands for Gross Domestic Product. NCERT Solutions for Class 10 Economics Chapter 2 Sectors of the Indian Economy are created by our experienced faculty after doing thorough research. It provides necessary service to make things available for consumers. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Out of this, only about 51 per cent are attending educational institutions. Class 10 Economics Chapter 2 Important Questions are given below updated for new academic session 2020-21. We convert earth into bricks and use bricks to make houses and buildings. When we produce a good by exploiting the natural resources, it is an activity of primary sector. What do you mean by ‘fair price’? There are many activities that are undertaken by directly using natural resources. Question 5. CBSE Class 10 Economics Chapter 3 Extra Questions and Answers Money and Credit Pdf free download are part of Extra Questions for Class 10 Social Science.Here we have given NCERT Extra Questions for Class 10 Social Science SST Economics Chapter 3 Money and Credit. Answer: Greater the development of the primary and secondary sectors, more would be the demand for such services. Workers in the organised sector enjoy security of employment. Here it is worth- mentioning that we are not supposed to count either raw material or intermediate goods used in domestic production. These activities, by themselves, do not produce a good but they are an aid or support for the production process. and those who work as street vendors, head load workers, garment makers, etc. For example, Railways, Hindustan Petroleum, etc. The problem of underemployment is rampant in agriculture but this does not mean that it is not found in any other fields. Also after the chapter, you can get links to Class 10 Economics Notes, NCERT Solutions, Important Question, Practice Papers etc. Answer: Question 7. Describe all the three sectors of economic activities. As a result, the GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2010-11. What is GDP? 100 days of employment is guaranteed under NREGA 2005. They are employed as painters, plumbers, repair persons and others doing odd jobs. How do we count the various goods and services and know the total production in each sector? NCERT Books Class 10 Economics PDF for free download. Question 10. It sells biscuits in the market to the consumers for Rs 60 (Rs 15 per packet). (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2020 by Tiwari Academy – A step towards Free Education, NCERT Solutions for Class 10 Social Science, NCERT Solutions for Class 10 Economics Chapter 2, Class 10 Economics Chapter 2 Important Questions. These questions will act as extra questions. Answer: The service sector has become the most important in terms of total production. What is the main provision of the Equal Wages Act? Job opportunities in different government departments should be increased. These CBSE Class 10 Economics Important Questions have a crucial role to play in the lives of CBSE Class 10 Students. Answer: In India about 60 per cent of the population belongs to the age group 5-29 years? Hence, it is also called disguised unemployment. Also, collecting money from thousands of people who use these facilities is not easy. What are the Historical changes in sectors? Answer: Save my name, email, and website in this browser for the next time I comment. We also may need to talk to others over telephone or send letters (communication) or borrow money from banks (banking) to help production and trade. Similarly, if we are to improve the health situation, we need many more doctors, nurses, health workers etc. are intermediate goods used up in producing final goods and services. Many units, especially small-scale units, might have to shut down. Class 10 Economics Chapter 2 Sectors of Indian Economy in PDF form to free download is given below updated for new academic session 2020-21. The government undertakes these activities and ensures that these facilities are available for everyone. This can be better understood through an example. The truth is that this problem can also happen in secondary and tertiary sectors. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. Their earnings are low and not regular. Explain the objectives of National Rural Employment Guarantee Act, 2005. For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops. Question 1. What will you suggest to curb it? This is because it forms the base for all other products that we subsequently make. It makes sense only to include the final goods and services. Explain with reference to India. Question 2. Take the case of Laxmi with her two-hectare plot of unirrigated land. Question 16. It also increase the employment in the tertiary sector by providing service to transport manufacturing goods and new daily consuming products. The value of final goods and services produced in the three sectors during a particular year provides the total production of the sector for that year. Sectors of Indian Economy Class 10 MCQs Questions with Answers. Emphasis should be laid on skill development, particularly in rural areas. By doing this, we get the income measure of GDP. For example, wheat, sugarcane, etc. Even though industrial output or production of goods went up by more than nine times during the period, employment in the industry went up by around three times. 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. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. government has to bear some of the cost. A natural product of manufacturing in extra questions of economics chapter 2 class 10 unorganised sector in developed countries new. 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