Transport, storage, communication, banking, trade are some examples of tertiary activities. (iii) The private sector provides consumer goods to the people at high rates. By counting the value of what has been produced in the country in a given year. VERY SHORT ANSWERS:- 1.Give one example of major economic activity. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, the primary sector is also called agriculture and related Sector. Intermediate goods are used up in producing final goods and services. They are employed as painters, plumbers, repair persons and others doing odd jobs. What was the status of the tertiary sector in production and employment during the year 2010-11? Which sector converts goods into goods? Employment is not secure. What does the unorganised sector in the rural areas mostly comprise of? Answer: Economic activities, though, are grouped into three different categories, are highly interdependent. Take, for instance, a farmer who sells wheat to a flour mill for Rs 8 per kg. The value of final goods already includes the value of all the intermediate goods that are used in making the final good. Small scale industries should be promoted. Answer: The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. Answer: These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE schools for years. 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. It is the next step after primary. Ans. When there is investment made in the form of education, training and medical care, the population […] In India, the mammoth task of measuring GDP is undertaken by a central government ministry. 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. To provide at least 100 days employment to the adult members of each family living in rural areas who are willing to do unskilled labour. Explain the importance of secondary sector as the component of economic development of a country? Some of these would require proper planning and support from the government. Similarly, farmers work on their own and hire labourers as and when they require. 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 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. Name the sector in which the government owns most of the assets and provides all the services. Answer: Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. Download CBSE NCERT Books and Apps for offline use. Does this mean that the workers in agriculture are not producing as much as they could? By counting all the payments made in the year. Clear your doubts and get step by step answers to the questions asked in the Xam Idea Class 10 textbook. Appearing Students of Class 10 Exams can download MCQ on Sectors of Indian Economy Class 10 with Answers from here. What will you suggest to curb it? Its extremely critical for all CBSE students to practice all For example, agriculture, dairy, forestry, fishing, mining, etc. National Rural Employment Guarantee Act. Laxmi will then be able to irrigate her land and take a second crop, wheat, during the rabi season. from farmers is called fair price. Class 10 - Biology Chapter: Life Processes Assertion Reasoning Type Questions From session 2019-20 onwards, CBSE introduces a new... CBSE Class 10/9/8 - English - Reading Comprehension (Unseen Passage) (Set-14)(#eduvictors)(#readingComprehension) Question 16. You can see this change quite sharply in cities, especially in big cities. Stuck At Home? Question 9. What do you mean by GDP? Buying and selling activities increased many times. CBSE Class 10 Economics Chapter-2 Sectors of the Indian Economy Important Questions – Free PDF Download. Why is the primary sector also called agriculture and related 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. Question 14. These Worksheets for Grade 10 Economics, class assignments and practice tests have been … What Policies Can Help Students Affected by COVID-19? (i) Tertiary sector helps in the development of the primary and secondary sectors by providing them services like transportation, storage, banking, communication, etc. Short answers type questions and long answers type questions including NCERT Books questions are given in these 5 sets. Question 5. They also get several other benefits from the employers. Many units, especially small-scale units, might have to shut down. Question 2. Ques 1 Underemployment occurs … The truth is that tertiary sector is playing a very significant role in the development of Indian economy. Answer: Ans… Ask your doubts in discussion forum and reply to the questions already asked. 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. 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. It is the value of all final goods and services produced within a country during a particular year. 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. What is GDP? NCERT Books Class 10 Economics PDF for free download. The primary sector is the largest employer in India. How do we create employment by creating new sector? What are the drawbacks of the Unorganised sector? 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. Question 10. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. 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 … The same applies to tertiary sector as well. 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. If they work more, they have to be paid overtime by the employer. 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. Small-scale industry also needs government’s support for procuring raw material and marketing of output. The government stores these foodgrains in its godowns and sells at a lower price to consumers through ration shops. Give reasons in support of your answer. We also find that majority of workers from scheduled castes, tribes and backward communities find themselves in the unorganised sector. And sum of production in the three sectors gives what is called the Gross Domestic Product or GDP of a country. Give four reasons. In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. These can be considered as basic services. Primary sector economic activity such as cultivation of wheat. A lot also depends on the whims of the employer. While production in the service sector rose by more than 14 times, employment in the service sector rose around five times. Providing health and education facilities for all is one example. 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. Why is the tertiary sector becoming so important in India? If the government invests some money in transportation and storage of crops, or makes better rural roads so that mini-trucks reach everywhere several farmers like Laxmi, who now have access to water, can continue to grow and sell these crops. 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. Service sector also includes some essential services that may not directly help in the production of 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. Question 18. Question 12. 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. 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. 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. For example, using sugarcane as a raw material, we make sugar or gur. What are intermediate goods and services? Class 10 Economics Notes PDF Download Free. Which type of … Answer: Question 7. Public facilities are made available at subsidised rates. Intermediate goods and services are required for production of other goods and services. (i) In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Explain the objectives of National Rural Employment Guarantee Act, 2005. Explain with example. Extra Questions for Class 10 English First Flight Chapter wise. Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. Answer: Get complete NCERT solutions for CBSE Class 10 Social Science Economics textbook questions according to the NCERT guidelines. Check important MCQs and answers from Chapter 2 of Economics Textbook for CBSE Class 10 th Social Science Board Exam 2020. etc. Features of Xam Idea Class 10 Solutions. What is the main provision of the Equal Wages Act? (i) In, the public sector, the government owns most of the assets and provides all the services. Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Value-based Questions (VBQs) Question 1. It takes place within a crop season. Now, suppose Laxmi and other farmers produce much more than before. Question 19. Question 5. Jobs here are low-paid and often not regular. This could be in a factory, a workshop or at home. NCERT Solutions Class 10 Social Science Economics Chapter 2 Sectors Of The Indian Economy. Besides basic things like water, electricity, healthcare etc., we also need roads, railways, bridges, etc. Answer: It has nothing to do with the welfare of the public. It makes sense only to include the final goods and services. What do you mean by ‘fair price’? There is no differentiation between people. Question 1. What does the unorganised sector in the urban areas comprise of ? Even if they do provide these things they would charge a high rate for their use. 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. And the sum production in the three sectors gives the Gross Domestic Product or GDP of a country. Not every good (or service) that is produced and sold needs to be counted. 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