Why are only ‘final goods and services’ counted? Question 10. What are final and intermediate goods? Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Value-based Questions (VBQs) Question 1. Latest Extra Questions for Class 11 Economics There chapter wise Practice Questions with complete solutions are available for download in myCBSEguide website and mobile app. “The problem of underemployment is not confined only to agriculture”. 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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. Question 6. There is no denying the fact that the ultimate goal of our life is earning more. Also after the chapter, you can get links to Class 10 Economics Notes, NCERT Solutions, Important Question, Practice Papers etc. They get paid leave, payment during holidays, provident fund, gratuity etc. In about 625 districts of India, it is called Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005). This it stores in its godowns and sells at a lower price to consumers through ration shops. People can be asked to leave without any reason. Besides basic things like water, electricity, healthcare etc., we also need roads, railways, bridges, etc. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. Cultivation of sugarcane is an agricultural activity which comes under the primary sector. (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. Which values are associated with the public sector? Ask your doubts in discussion forum and reply to the questions already asked. How many parts is the Indian economy divided? 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. To create permanent assets in rural areas. What is under-employment? (ii) The activities in the private sector are guided by the motive to earn profits. Some of these would require proper planning and support from the government. Why? and then sold in wholesale and retail shops. Ask your doubts related to Maths, Science or Social Science in Discussion Forum and get the answers from many users. What do you mean by ‘fair price’? Extra Questions for Class 10 English First Flight Chapter wise. 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. 3. On what basis sectors are classified into primary, secondary and tertiary sectors? In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. How do we count the various goods and services and know the total production in each sector? Why is the primary sector also called agriculture and related sector? Classify economy on the basis of ownership of enterprises. What is meant by the NITI ayog? Unemployment is affecting our life badly. Intermediate goods are used up in producing final goods and services. The following values can be associated with the public sector. Final goods and services are the output of production processes, and demand for these goods and services is directly determined by consumer need or preference. Which type of … 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. Besides, there were also transporters, administrators, army etc. What is meant by sectors? VERY SHORT ANSWERS:- 1.Give one example of major economic activity. Give one difference between organised and unorganised sectors. It makes sense only to include the final goods and services. This is the situation of underemployment, where people are apparently working but all of them are made to work less than their potential. Question 15. The types of work that would in future help to increase the production from land will be given preference under the Act. What Policies Can Help Students Affected by COVID-19? Improve Your Career with Online Certification Programs. Over a long time (more than hundred years), and especially because new methods of manufacturing were introduced, factories came up and started expanding. This sugar and gur would need to be transported by trucks, etc. Question 7. Examples are construction of roads, bridges, railways, harbours, generating electricity, providing irrigation through dams etc. NCERT Solutions for Class 6 Social Science, NCERT Solutions for Class 7 Social Science, NCERT Solutions for Class 8 Social Science, NCERT Solutions for Class 9 Social Science, NCERT Solutions for Class 11 Business Studies, NCERT Solutions for Class 11 Physical Education, NCERT Solutions for Class 12 Business Studies, NCERT Solutions for Class 12 Physical Education, CBSE Sample Papers for Class 10 Session 2020-2021, CBSE Sample Papers for Class 12 Session 2020-2021, Top Essay Writing Service with Tons of Pros. We convert earth into bricks and use bricks to make houses and buildings. When we produce a good by exploiting natural resources, it is an activity of the primary sector. You can also find Social Science Class 10 Important Questions With Answers Pdf from the year 2010 to 2020 CBSE board exams. Distinguish between the public sector and private sector. In India about 60 per cent of the population belongs to the age group 5-29 years? Question 11. Give four reasons. 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. This is because not enough jobs were created in the secondary and tertiary sectors. Answer: On the basis of ownership of enterprises, economy is classified into. Mention the three ways in which GDP can be measured. When there is less work, such as during some seasons, some people may be asked to leave. GDP shows how big the economy is. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Let us suppose that one hectare of wheat can provide employment to two people for 50 days (including sowing, watering, fertiliser application and harvesting). What it means is that there are more people in agriculture than is necessary. (iii) The private sector provides consumer goods to the people at high rates. Custom Essay Writing Services: How to Choose the Right One. It has been noted from the histories of many, now developed, countries that at initial stages of development, primary sector was the most important sector of economic activity. etc. Why does small-scale industry need government’s support for? ‘While there has been a change in the share of the three sectors in GDP, a similar shift has not taken place in employment’. Check important MCQs and answers from Chapter 2 of Economics Textbook for CBSE Class 10 th Social Science Board Exam 2020. The economy is … It could be tourism, or regional craft industry, or new services like IT. These are some ways by which jobs would be created and we would also be able to address the important aspects of development. 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. What does the unorganised sector in the rural areas mostly comprise of? how is it efficient for poor people? 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. And the sum production in the three sectors gives the Gross Domestic Product or GDP of a country. What are intermediate goods and services? Extra Questions for Class 10 English First Flight Prose. and those who work as street vendors, head load workers, garment makers, etc. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. For the growth of the cotton plant, we depend mainly, but not entirely, on natural factors like rainfall, sunshine and climate. Class 10 Economics Chapter 2 Important Questions of Sectors of the Indian Economy taken from NCERT Books, CBSE Sample Papers, Previous Year Questions Papers and from different publisher’s book for new session 2020-21. 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. Most of the working people are also employed in the service sector. If you have any query regarding Extra Questions for Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy, drop a comment below and we will get back to you at the earliest. Ans. Question 1. Sectors of Indian Economy Class 10 MCQs Questions with Answers. Tutorial for Learning C Programming: Is It Possible to Learn the Programming Language Online? To count the value of the flour and wheat. can avail public facilities. How are they inter-dependent? Why is the tertiary sector also called the service sector? Answer: The Xam Idea Class 10 solutions cover the complete syllabus of the exam. They are doing this work because they do not have better opportunities. How do we create employment by creating new sector? These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Economic activities, though, are grouped into three different categories, are highly interdependent. 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. Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Social Science Economics for Class 10 so that you can refer them as and when required. The government can spend some money or banks can provide a loan, to construct a well for her family to irrigate the land. Scroll down for Sectors of Indian Economy from NCERT Book Class 10 Economics & important study material. In this page, you can find CBSE Class 10 Economics Chapter 2 Extra Questions and Answers Sectors of Indian Economy Pdf free download, NCERT Extra Questions for Class 10 Social Science will make your practice complete. For example, the same study by the Planning Commission says that if tourism as a sector is improved, every year we can give additional employment to more than35 lakh people. Also, collecting money from thousands of people who use these facilities is not easy. Similarly, the value of all other intermediate goods would have been included. In a developing country the government has to take responsibility for the provision of these services. Answer: Save my name, email, and website in this browser for the next time I comment. This could be in a factory, a workshop or at home. For example, agriculture, dairy, forestry, fishing, mining, etc. 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. from farmers is called fair price. In recent times, certain new services based on information technology such as internet cafe, ATM booths, call centres, software companies etc. 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. There were increasing number of craft- persons and traders. List some activities which come under tertiary sector but not directly? Answer: Primary sector economic activity such as cultivation of wheat. It takes place within a crop season. (iii) Tertiary Sector: The activities that help in the development of the primary and secondary sectors come under the tertiary sector. Indian economy is divided into three parts such as Primary sector, Secondary sector, Tertiary sector. Class 10 Economics Chapter 2 Important Questions are given below updated for new academic session 2020-21. Answer: Question 13. (i) Tertiary sector helps in the development of the primary and secondary sectors by providing them services like transportation, storage, banking, communication, etc. The skilled and well- experienced subject teachers who hold huge experience has prepared these solutions. The secondary sector is also called industrial sector. While production in the service sector rose by more than 14 times, employment in the service sector rose around five times. It is the next step after primary. Class 10 Economics 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. The private sector may not continue their production or business unless government encourages it. Third, as income levels rise, certain sections of people start demanding many more services like eating out, tourism, shopping, private hospitals, private schools, professional training etc. However, there are other non-monetary things too that people need, such as freedom, equality, respect, security, etc. Intermediate goods and services are required for production of other goods and services. 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. They also get several other benefits from the employers. HSE Kerala Board Syllabus HSSLive Plus One Economics Chapter Wise Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus One Chapter Wise Questions and Answers.Here we have given Higher Secondary Kerala Plus One Economics Chapter Wise Questions and Answers based on CBSE NCERT syllabus. GDP of a country indicates the size of its economy. Answer: 2016 For example, transport, banking, insurance, internet cafe, etc. What do you mean by GDP? Government has to bear part of the cost. Raw materials from the primary sector are changed into processed goods through ways of manufacturing in the secondary sector. Solution: The primary sector … Question 1. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. Question 12. They would also need to sell some of this. are final goods that reach to the consumers. These CBSE Class 10 Economics Important Questions have a crucial role to play in the lives of CBSE Class 10 Students. 4. Download CBSE Class 10 Social Science Economics All Chapters MCQs in pdf, Economics chapter wise Multiple Choice Questions free, CBSE Class 10 Social Science Economics All Chapters MCQs. Answer: Intermediate goods and services are required for production of other goods and services. Answer: People as Resource Class 9 Extra Questions Social Science Economics Chapter 2 Extra Questions for Class 9 Social Science Economics Chapter 2 People as Resource People as Resource Class 9 Extra Questions Very Short Answer Type Questions Question 1. In contrast to this, the secondary and tertiary sectors produce three-fourth of the produce whereas they employ less than half the people. Small scale industries should be promoted. Answer: A lot also depends on the whims of the employer. So, even if you move a few people out, production will not be affected. It takes place within a crop season. Similarly, farmers work on their own and hire labourers as and when they require. Many people could now take up other activities. Answer: For example, wheat, sugarcane, etc. Question 5. What is organised sector? Download Apps based on latest CBSE Syllabus 2020-21. These jobs are not secure and have no other benefits. The nature of economic activity. Get accurate answers for short answer questions from this chapter. This sector includes a large number of people who are employed on their own doing small jobs such as selling on the street or doing repair work. They are employed as painters, plumbers, repair persons and others doing odd jobs. Some of these people may not be employed by anyone but may work on their own but they too have to register themselves with the government and follow the rules and regulations. Final goods and services are the output of production processes, and demand for these goods and services is directly determined by consumer need or preference. (i) Primary Sector: Activities under primary sector are undertaken by directly using natural resources. The government undertakes these activities and ensures that these facilities are available for everyone. These Worksheets for Grade 10 Economics, class assignments and practice tests have been … After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. For example, the cultivation of cotton. are intermediate goods used up in producing final goods and services. Question 5. Over forty years between 1970-71 and 2010-11, while production in all the three sectors has increased, it has increased the most in the tertiary sector which ultimately boosts up Indian economy. Ques 1 Underemployment occurs … Short answers type questions and long answers type questions including NCERT Books questions are given in these 5 sets. The reasons behind it are—. 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. Not every good (or service) that is produced and sold needs to be counted. These questions will act as extra questions. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. They are often exploited and not paid a fair wage. In the urban areas, unorganised sector comprises mainly of workers in small-scale industry, casual workers in construction, trade and transport, etc. By doing this, we get the income measure of GDP. Answer: (i) In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Why primary sector is known as agriculture sector? What do final goods and services mean? Download NCERT Books and Offline Apps 2020-21 based on latest CBSE Syllabus and use it offline without internet. But the employment opportunities in the organised sector have been expanding very slowly. Answer: Answer: The organised sector offers jobs that are the most sought-after. This trend has contributed vastly to the Indian economy. (iii) The public sector provides basic facilities which include health, hygiene, education, drinking water, food, etc. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. 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. By counting the value of what has been produced in the country in a given year. Answer: Why is the tertiary sector becoming so important in India? Workers in the organised sector enjoy security of employment. There are several things needed by the society as a whole but which the private sector will not provide at a reasonable cost. India’s size of illiterate population is one of the largest in the world. Question 1. Laxmi will then be able to irrigate her land and take a second crop, wheat, during the rabi season. NCERT textbook solutions for CBSE Class 10 Economics are considered among the most valuable CBSE Class 10 Economics study resources. This can be better understood through an example. 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. These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE schools for years. It is the value of all final goods and services produced within a country during a particular year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. Name the activities which are directly undertaken by the natural resources? Biscuits are the final goods, i.e., goods that reach the consumers. What will you suggest to curb it? It is the value of all final goods and services produced within a country during a particular year. Since these activities generate services rather than goods, the tertiary sector is also called the service sector. In this page, you can find CBSE Class 10 Economics Chapter 1 Extra Questions and Answers Development Pdf free download, NCERT Extra Questions for Class 10 Social Science will make your practice complete. (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. NCERT Books Class 10 Economics PDF for free download. Organised because it has some formal processes and procedures. The rest are not— they may be at home or many of them may be working as child labourers. 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. Our economic activities are grouped into three sectors- Out of this, only about 51 per cent are attending educational institutions. Public facilities are made available at subsidised rates. Question 1. At times, it may be necessary to store these in godowns. at subsidised rates. Now suppose a new dam is constructed and canals are dug to irrigate many such farms. Explain the importance of secondary sector as the component of economic development of a country? The truth is that this problem can also happen in secondary and tertiary sectors. What does it indicate? If these children are to attend schools, we will require more buildings, more teachers and other staff. government has to bear some of the cost. Explain with examples. CLASS X -SOCIAL SCIENCE INDEX (Extra Questions) Description of the Page- This page is dedicated to NCERT solutions for class 10 Social Science including sst economics class 10, social science activity for class 10, social science research network, social science class 10 important questions, NCERT notes for class 10 social science history, CBSE notes for… Here you can read Chapter 2 of Class 10 Economics NCERT Book. They are supposed to get medical benefits and, under the laws, the factory manager has to ensure facilities like drinking water and a safe working environment. Rs 8 per kg such services this change quite sharply in cities, especially small-scale units, especially small-scale,. Discussed some of these issues in the unorganised sector supposed to count the value of the sector. Would be the demand for such services Indian Economy Important Questions & Answers of Geography - all.! To agriculture ” examples are construction of roads, bridges, railways bridges. 625 districts of India, it is the value of Rs 60 for the production from land will given. Provide at an affordable cost by teachers to students to Practice all NCERT Solutions to the age group years. Kind underemployment is not confined only to include the final good they would charge high! Given year in production all final goods already includes the value of all final goods and produced! Books and Apps for offline use biscuits are the final goods and new daily products. Necessary to store these in godowns i.e., goods that reach the consumers cent of the primary are! 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