Custom Essay Writing Services: How to Choose the Right One. The private sector may not continue their production or business unless government encourages it. Question 12. How are they inter-dependent? Examples are construction of roads, bridges, railways, harbours, generating electricity, providing irrigation through dams etc. What is GDP? As a result, a large number of workers are forced to enter the unorganised sector jobs, which pay a very low salary. 2. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. 4. to work in rural areas. 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. Our economic activities are grouped into three sectors- A lot also depends on the whims of the employer. Scroll down for Sectors of Indian Economy from NCERT Book Class 10 Economics & important study material. 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. and those who work as street vendors, head load workers, garment makers, etc. What are the Historical changes in sectors? GDP stands for Gross Domestic Product. Sectors of Indian Economy Class 10 MCQs Questions with Answers. India’s size of illiterate population is one of the largest in the world. Discuss some things which the private sector will not provide a reasonable cost? Question 14. These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE schools for years. The value of final goods already includes the value of all the intermediate goods that are used in making the final good. Answer: Appearing Students of Class 10 Exams can download MCQ on Sectors of Indian Economy Class 10 with Answers from here. These jobs are not secure and have no other benefits. It is the next step after primary. Transport, storage, communication, banking, trade are some examples of tertiary activities. Public sector. 1. 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. Sakshi Saroha Created On: Mar 13, 2020 11:49 IST What is the main provision of the Equal Wages Act? It takes place within a crop season. Explain with example. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. Do you agree with this view? Thus, transport is an example of tertiary activity. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Question 1. And the sum production in the three sectors gives the Gross Domestic Product or GDP of a country. The casual workers in both rural and urban areas need to be protected. In about 625 districts of India, it is called Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005). 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. These are activities that help in the development of the primary and secondary sectors. It is also the duty of the government to take care of the poorest and most ignored regions of the country through increased spending in such areas. What does it indicate? 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. and then sold in wholesale and retail shops. 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. Give one difference between organised and unorganised sectors. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. Which authority is responsible for collecting data for the GDP in India? 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. Free PDF download of Important Questions with Answers for CBSE Class 10 Economics Chapter 2 – Sectors of the Indian Economy prepared by expert Economics teachers from latest edition of CBSE(NCERT) books only by CoolGyan to score more marks in CBSE … Class 10 Social Science: Check Important Questions & Answers of Geography - All Chapters. Download Apps based on latest CBSE Syllabus 2020-21. There are many activities that are undertaken by directly using natural resources. 3. Government here steps in by producing and supplying electricity at rates which these industries can afford. CBSE Schools Educational Study Material. Explain with example. Get accurate answers for short answer questions from this chapter. Now suppose a new dam is constructed and canals are dug to irrigate many such farms. Secondary sector is come under as the component of economic development of a country because in secondary sector we done the work of manufacturing and it is important sector for the use of natural product and manufacturing new products. Download free printable worksheets for CBSE Class 10 Economics with important topic wise questions, students must practice the NCERT Class 10 Economics worksheets, question banks, workbooks and exercises with solutions which will help them in revision of important concepts Class 10 Economics. Unemployment is affecting our life badly. What is unorganised sector? If they work more, they have to be paid overtime by the employer. Workers are exploited in the unorganised sector. 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. Answer: The government can spend some money or banks can provide a loan, to construct a well for her family to irrigate the land. (iii) The private sector provides consumer goods to the people at high rates. In this way, the government supports both farmers and consumers. CBSE Class 10 Economics Chapter-2 Sectors of the Indian Economy Important Questions – Free PDF Download. are intermediate goods used up in producing final goods and services. 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. Answer: 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 … Ans. For example, the cultivation of cotton. Running proper schools and providing quality education particularly elementary education, is the duty of the government. Short answers type questions and long answers type questions including NCERT Books questions are given in these 5 sets. Stuck At Home? Classify economy on the basis of ownership of enterprises. Small-scale industry needs government’s support for procuring raw material and marketing of output. Question 5. (iii) Tertiary Sector: The activities that help in the development of the primary and secondary sectors come under the tertiary sector. Over a long time (more than hundred years), and especially because new methods of manufacturing were introduced, factories came up and started expanding. Download CBSE NCERT Books and Apps for offline use. How can we create more employment? For example, Railways, Hindustan Petroleum, etc. Distinguish between the public sector and private sector. 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. The truth is that this problem can also happen in secondary and tertiary sectors. Emphasis should be laid on skill development, particularly in rural areas. 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… They are doing this work because they do not have better opportunities. How many days of guaranteed employment are provided under National Rural Employment Guarantee Act, 2005? Hence, the value of Rs 60 for the biscuits (final good) already includes the value of flour (Rs 10). can avail public facilities. 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. Ans. And sum of production in the three sectors gives what is called the Gross Domestic Product or GDP of a country. Which sector converts goods into goods? 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. Answer: Question 3. Also after the chapter, you can get links to Class 10 Economics Notes, NCERT Solutions, Important Question, Practice Papers etc. Raw materials from the primary sector are changed into processed goods through ways of manufacturing in the secondary sector. What do you mean by ‘fair price’? As a result, more than half of the workers in the country are engaged in the primary sector, mainly in agriculture, producing only a quarter of the GDP. 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. You can also find Social Science Class 10 Important Questions With Answers Pdf from the year 2010 to 2020 CBSE board exams. The primary sector is the largest employer in India. (V. Imp) It could be tourism, or regional craft industry, or new services like IT. How do we count the various goods and services and know the total production in each sector? It is the value of all final goods and services produced within a country during a particular year. (Imp) We hope the Extra Questions for Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy help you. Not every good (or service) that is produced and sold needs to be counted. SECTORS OF ECONOMIC ACTIVITIES: 1. In other words, when we produce a good by exploiting natural resources, it is an activity of the primary sector. Since the activities that fall under the tertiary sector generate services rather than goods, this sector is also called the service sector. Second, the development of agriculture and industry leads to the development of services such as transport, trade, storage and the like, as we have already seen. Some of these would require proper planning and support from the government. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. Question 5. 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. This kind underemployment is hidden in contrast to someone who does not have a job and is clearly visible as unemployed. When there is investment made in the form of education, training and medical care, the population […] For example, agriculture, dairy, forestry, fishing, mining, etc. Excel in your board exam with TopperLearning’s well-structured NCERT Solutions for CBSE Class 10 Economics Chapter 2 Sectors of Indian Economy. Ans… are required. Question 13. The secondary sector is also called industrial sector. Employment is not secure. These Worksheets for Grade 10 Economics, class assignments and practice tests have been … Answer: On what basis sectors are classified into primary, secondary and tertiary sectors? Why are only ‘final goods and services’ counted? Which type of … Give four reasons. National Rural Employment Guarantee Act. At times, it may be necessary to store these in godowns. This is done to avoid double counting. In the urban areas, unorganised sector comprises mainly of workers in small-scale industry, casual workers in construction, trade and transport, etc. If the government fails in its duty to provide employment, it will give unemployment allowances to the people. (V. Imp) NCERT Solutions for Class 10 Social Science Economics Chapter 2 has been formulated by the subject experts. When there is less work, such as during some seasons, some people may be asked to leave. 4. 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. What are final and intermediate goods? Question 1. What Policies Can Help Students Affected by COVID-19? Each one is doing some work but no one is fully employed. Mention the three ways in which GDP can be measured. etc. Answer: For example, wheat, sugarcane, etc. Ques 1 Underemployment occurs … What is meant by the NITI ayog? It is the next step after primary. As a result, the GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2010-11. It takes place within a crop season. VERY SHORT ANSWERS:- 1.Give one example of major economic activity. It is the value of all final goods and services produced within a country during a particular year. The types of work that would in future help to increase the production from land will be given preference under the Act. The various activities perform by the people so to classify the activities of different group we use the sectors for classifying different activities. We convert earth into bricks and use bricks to make houses and buildings. Understanding Economic Development. Answer: Clear your doubts and get step by step answers to the questions asked in the Xam Idea Class 10 textbook. Its extremely critical for all CBSE students to practice all The organised sector offers jobs that are the most sought-after. 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. What do you mean by GDP? Question-1 Why is the primary sector called as such? The same applies to tertiary sector as well. Question 8. What will you suggest to curb it? Question 2. The rest are not— they may be at home or many of them may be working as child labourers. (ii) The activities in the private sector are guided by the motive to earn profits. List some activities of urban area come under unorganised sector? In contrast to this, the secondary and tertiary sectors produce four-fifths of the produce whereas they employ less than half the people. The reasons behind it are—. The following values can be associated with the public sector. Get complete NCERT solutions for CBSE Class 10 Social Science Economics textbook questions according to the NCERT guidelines. What it means is that there are more people in agriculture than is necessary. The price on which the government buys foodgrains such as wheat, rice, etc. What are intermediate goods and services? Some of these need spending large sums of money, which is beyond the capacity of the private sector. 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. Improve Your Career with Online Certification Programs. Biscuits are the final goods, i.e., goods that reach the consumers. Sectors of the Indian Economy Class 10 Important Questions with Answers Social Science Economics Chapter 2. There is no denying the fact that the ultimate goal of our life is earning more. The unorganised sector is characterised by small and scattered units which are largely outside the control of the government There are rules and regulations but these are not followed. Question 18. In the public sector, the government owns most of the assets and provides all the services. Explain the criteria of underemployment with example? What does the unorganised sector in the rural areas mostly comprise of? Since this sector gradually became associated with the different kinds of industries that came up, it is also called as industrial sector. Answer: Answer: Save my name, email, and website in this browser for the next time I comment. Development Class 10 Important Questions with Answers Social Science Economics Chapter 1. Since these activities generate services rather than goods, the tertiary sector is also called the service sector. To develop tourism, regional craft industry, or new services like IT, etc. We also find that majority of workers from scheduled castes, tribes and backward communities find themselves in the unorganised sector. In this way, they have become victims of the problem of under-employment. So, even if you move a few people out, production will not be affected. Give reasons in support of your answer. How do we create employment by creating new sector? Solution: The primary sector … Explain with example. The product here, milk, also is a natural product. Question 6. For example, transport, banking, insurance, internet cafe, etc. Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Value-based Questions (VBQs) Question 1. While production in the service sector rose by more than 14 times, employment in the service sector rose around five times. It makes sense only to include the final goods and services. Providing health and education facilities for all is one example. The economy is … Workers in the organised sector enjoy security of employment. Answer: Question 2. Why is the tertiary sector becoming so important in India? (i) Primary Sector: Activities under primary sector are undertaken by directly using natural resources. By counting the value of what has been produced in the country in a given year. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. Similarly, farmers work on their own and hire labourers as and when they require. In other words, workers in the agricultural sector are underemployed. 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. They would also need to sell some of this. Answer: 100 days of employment is guaranteed under NREGA 2005. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. how is it efficient for poor people? Check important MCQs and answers from Chapter 2 of Economics Textbook for CBSE Class 10 th Social Science Board Exam 2020. Here it is worth- mentioning that we are not supposed to count either raw material or intermediate goods used in domestic production. (i) In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. For example, selling electricity at the cost of generation may push up the costs of production of goods in many industries. Question 1. These questions will act as extra questions. Answer: 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. When we produce a good by exploiting natural resources, it is an activity of the primary sector e.g., the cultivation of cotton. Explain with examples. NCERT Solutions for Class 10 Economics Chapter 2 Sectors of the Indian Economy are created by our experienced faculty after doing thorough research. Out of this, only about 51 per cent are attending educational institutions. Buying and selling activities increased many times. Jobs here are low-paid and often not regular. 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. Answer: Every state or region has potential for increasing the income and employment for people in that area. Which sector is the largest employer in India? First, in any country several services such as hospitals, educational institutions, post and telegraph services, police stations, courts, village administrative offices, municipal corporations, defence, transport, banks, insurance companies, etc. Small scale industries should be promoted. The Xam Idea Class 10 solutions cover the complete syllabus of the exam. Explain with example. NCERT textbook solutions for CBSE Class 10 Economics are considered among the most valuable CBSE Class 10 Economics study resources. Besides getting the irregular and low paid work, these workers also face social discrimination. Cultivation of sugarcane is an agricultural activity which comes under the primary sector. 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. Farmers should be given loans on low interest rate to invest in agriculture in order to get secured harvest. 2. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Which values are associated with the public sector? 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. In the past 100 years, there has been a further shift from secondary to tertiary sector in developed countries. Answer: If these children are to attend schools, we will require more buildings, more teachers and other staff. Explain with reference to India. Question 4. Explain the importance of secondary sector as the component of economic development of a country? Many of them do not find work everyday. To create permanent assets in rural areas. Also, collecting money from thousands of people who use these facilities is not easy. The biscuit company uses the flour and things such as sugar and oil to make four packets of biscuits. 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. Most of the working people are also employed in the service sector. Besides, there were also transporters, administrators, army etc. What is meant by sectors? (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. 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. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. Protection and support to the unorganised sector workers is thus necessary for both economic and social development. The objectives of implementing the NREGA 2005 include —. How do they help in calculating Gross Domestic Product or GDP? Why is the tertiary sector also called the service sector? The problem of underemployment is rampant in agriculture but this does not mean that it is not found in any other fields. Intermediate goods and services are required for production of other goods and services. Public facilities are made available at subsidised rates. 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. Similarly, the value of all other intermediate goods would have been included. Question 4. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. The nature of economic activity. Question 3. When we produce a good by exploiting natural resources, it is an activity of the primary sector. What was the status of the tertiary sector in production and employment during the year 2010-11? It provides necessary service to make things available for consumers. The production of these services has been rising rapidly. 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. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. Role in the country in a factory, a workshop or at home will require buildings... People can be measured are: Question 2 10 Exams can download MCQ on sectors of the public.... 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