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The main objective of this chapter is to identify major employment generating sectors and Reason out the government investment in different sectors of economy. The main objective of this chapter is to understand money as an economic concept and understand the role of financial institutions from the point of view of day-to- day life. What Development Promises, Different people different goals, Sustainability of development, National Development, Income and other goals, Income and other criteria, how to compare different countries or states and Public Facilities.
Production across countries, The Struggle for a fair Globalisation, interlinking production across countries, Impact of Globalization on India, Foreign Trade and integration of markets, World Trade Organisation, globalization and Factors that have enabled Globalisation.
Visit to Discussion Forum to ask your doubts and share your knowledge. How many chapters are there in Class 10 Economics? What is the weightage of Economics in Class 10 Social Science? What are the main objectives of Chapter 1 Development of Class 10 Economics? The main objective of this chapter is to Explain the working of the Global Economic phenomenon. Important Questions on Class 10 Economics Find out the present sources of energy that are used by the people in India.
What could be the other possibilities fifty years from now? The present sources of energy utilised by the people of India are electricity, coal, crude oil, cow dung and solar energy.
Currently the consumption of energy in India is too high in comparison to its production and reserves. Therefore, other possibilities fifty years from now could include ethanol, bio-diesel, nuclear energy and better utilisation of wind energy, solar energy, geothermal energy, hydrogen energy, tidal energy, wave energy, hydroelectric energy and biomass energy especially with the danger of oil resources running out.
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how. The classification of economic activities into primary, tertiary and secondary is useful as it provides necessary information on how and where the people of a country are employed. With this information we can bifurcate the sectoral share in the economy and government can make amendment in policies to boost the sector contributing less to the economy.
If the tertiary sector is developing much faster than the primary sector, then it indicates that agriculture is depleting, and the government must take measures to rectify this. It is also an indicative of which sector is the most popular and which sector is becoming unpopular or regressive. Hence it is necessary to classify economic activities into these three sectors for smooth economic administration and development.
Service sector in India employs two different kinds of people. Who are these? Following are the two different kinds of people: a The people indulged in the services that may directly aid the production of goods.
For example, people involved in the transportation, storage, communication, finance etc. They may be termed as ancillary workers, those who provide services to the primary service providers. Explain with an example how the terms of credit can be unfavorable for the small farmer. The terms of credit can be unfavourable for the small farmer which can be explained by the following � a small farmer borrows from a local moneylender at a high rate of interest of 10 percent to grow rice.
But the crop is hit by drought and it fails. As a result, farmer has to sell a part of the land to repay the loan. He is caught in a debt trap. How do banks mediate between those who have surplus money and those Class 10th Ncert Exemplar Solutions Gmbh who need money?
Banks accept deposits from people who have surplus money by paying interest on these deposits. These deposits are majorly used by the bank to extend loans to those in need of money. The chapter focusses on different kinds of development such as social development, economic development and political development. You will have to answer questions on the impact of per capita income and average income in different countries. To understand the Indian Economy, you have to divide it into various sectors such as primary, secondary and tertiary sectors.
You can also study the economic activities by classifying it as organised and unorganised sector or private and public sector. In this chapter, you will have to answer questions such as problems faced by the farming sector, the nature of employment in the unorganised sector, etc. In the Economics Class 10 Money and Credit Chapter, you will gain a deeper understanding of how money has evolved and how different forms of currency came into existence.
You will learn about credit such as types of credit, credit terms etc. There are 13 questions in this chapter. You will find answers to 13 questions in this chapter.
The chapter highlights the factors that led to globalisation and how it impacts the Indian Economy. The chapter consists of 13 questions. You will learn about consumer rights that prevent unfair trade practices in the country. Also, you will get answers to questions related to the Consumer Protection Act and how it benefits consumers. It will be easy for you to directly visit the links of specific chapters if you want to revise these chapters again.
As the chapter notes are accessible in a sequence according to the syllabus, you can revise the basic concepts and move on to advanced concepts according to the syllabus. Enter the OTP sent to your number Change.
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