CBSE Solutions for Class 10 Economics

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Which are the three sectors of financial exercises ?

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Answer :

1.            Primary or agribusiness and related sector.

2.            Secondary or mechanical sector.

3.            Tertiary or administrations sector.

For what reason is the primary sector called agribusiness and related sector ?

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Answer :

Since a large portion of the characteristic items we get are from agribusiness, dairy, fishing, ranger service. This sector is additionally called agribusiness and related sectors.

Which occupation has a place with the primary sector ? Notice any one.

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Answer :

Dairy, fishing and ranger service.

In which sector all characteristic items are changed into structures through methods of assembling ? [CBSE 2016-17]

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Answer :

Secondary sector.

For what reason is the secondary sector called modern sector ?

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Answer :

Since this sector continuously became related with the various types of businesses that surfaced it is additionally called as mechanical sector.

Express any one element of the tertiary sector with model.

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Answer :

The exercises in the tertiary sector don't deliver a decent however they are a guide or a help for the creation cycle. For instance products created in the primary or secondary sector need transport to send them to business sectors.

For what reason is tertiary sector called administration sector ?

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Answer :

The administration sector produces benefits as opposed to merchandise, it is known as the administration sector e.g., instructors.

Order the accompanying occupations under primary, secondary and tertiary sectors : washerman, dairy, fishing, sugar plant, ATM corners.

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Answer :

•             Primary sector — Dairy, fishing.

•             Secondary sector – Sugar industrial facility.

•             Tertiary sector – Washerman, ATM stall.

How would we get complete creation of a sector for a specific year ?

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Answer :

The estimation of conclusive merchandise and ventures created in every sector during a specific year gives the complete creation to that year.

How would we get the Gross Domestic Product (GDP) of a nation ?

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Answer :

The amount of creation in the three sectors gives the Gross Domestic Product of a nation.

In which sector are the greater part of individuals utilized now-a-days ?

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Answer :

The administration sector.

Which was the fundamental factor for the change from primary sector to the secondary sector ?

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Answer :

It was because of the presentation of new strategies for assembling during modern upheaval.

In 1973 and 2003 which sector had most extreme offer in GDP in India ?

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Answer :

1.            1973 – Primary Sector.

2.            2003 – Tertiary Sector.

Why the primary sector keeps on being the biggest business in 1973 just as in 2000 ? Give one explanation.

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Answer :

It is on the grounds that insufficient positions were made in the secondary and tertiary sectors.

For what reason is the tertiary sector getting significant in India ? Give any one explanation.

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Answer :

The central point is the need of fundamental administrations, for example, medical clinics, instructive foundations, post and transmit administrations, police headquarters, courts and so forth

What do you mean by under-work in farming sector ?

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Answer :

In agrarian sector, under-work implies that there are a greater number of individuals utilized in horticulture than is vital.

What is masked joblessness ?

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Answer :

This sort of under-business is covered up as opposed to somebody who doesn't have a work and is unmistakably obvious as jobless. Henceforth it is called camouflaged joblessness.

Express any single direction to make greater business openings in the nation.

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Answer :

New business open doors can be made by recognizing, advancing and finding ventures and administrations in semi-provincial zones where countless individuals might be utilized. For instance a dal factory.

State one element of NREGA 2005

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Answer :

Under NREGA – National Rural Employment Guarantee Act 2005, every one of the individuals who can, and are needing work, have been ensured 100 days of work in a year by the administration.

For what reason do you think NREGA 2005 is alluded to as 'Option to Work' ?

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Answer :

Since it ensures 100 days of work in a year by the legislature.

Give one case of under-work.

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Answer :

Painters, handymen and fix people are instances of under-work. These individuals may go through the entire day yet procure practically nothing. They are accomplishing this work since they don't have better chances.

As indicated by appraisals of the Planning Commission the number of occupations can be made in the schooling sector alone ?

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Answer :

Arranging Commission assesses that almost 20 lakh positions can be made in the instruction sector alone.

Express any one element of the composed sector.

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Answer :

Composed sector covers those endeavors or work environments where terms of business are customary and in this way, individuals have guaranteed work.

What are the attributes of the sloppy sector ? Express any one

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Answer :

In disorderly sector, there are no arrangement for additional time, paid leave, occasions, leave ' due to sjpkness and so forth;

Which gatherings of individuals are utilized in sloppy sector in the rustic zones ?

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Answer :

In the provincial regions, the chaotic sector generally comprises of landless horticultural workers, little and minimal ranchers, businesspeople and weavers, metal forgers and so on

Portray the significance of Primary sector in the Indian economy.
 

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Answer :

Significance of Primary sector:

1.  Primary Sector gives the essential needs of economy for food and mineral metals.

2.  It delivers a portion of the crude materials (like jute, cotton, coal separated from mines) for the mechanical sector.

3.   The Primary sector kept on being the biggest boss in the economy even in the year 2000, the explanation being that Secondary and Tertiary sectors actually don't make enough positions.

4.  The rural populace in the Primary sector gives a huge market of purchasers for the Secondary sector (for purchasing completed items like garments, merchandise of day by day need, composts, and so on)

How might we make greater work in secondary and tertiary sectors in provincial India?

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Answer :

1.   Investing in essential horticultural framework like development of dams and trenches for water system can prompt a great deal of work age inside the rural sector itself diminishing the issue of under business.

 

2.   If the legislature puts some cash in the capacity and transportation of harvests, or improves rustic streets so small scale trucks reach all over, a few ranchers can proceed to develop and sell these yields consistently. This action can give gainful work to ranchers as well as others, for example, those in administrations like vehicle or exchange.

 

3.     Providing credit at a sensible pace important to assist ranchers with purchasing seeds, composts, rural supplies, pumpsets and so forth can produce work in provincial banking.

 

4.   The government/banks can give advances at modest rates to the little ranchers to improve their irrigational offices like building a well so they can water their territory well and get a few yields per year rather than one. In this manner more individuals can be utilized in a similar field.

5.  Another path is to advance and find ventures and administrations in semi-rustic regions where an enormous number of individuals might be utilized. For instance, setting up a dal factory, opening a chilly stockpiling, beginning or advancing nectar assortment, and so forth

Clarify the significance of the administration sector.

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Answer :

Tertiary sector or administration sector assumes an extremely critical job and its significance is rising step by step:

1.    Greater the improvement of primary sector and secondary sector more would be the interest for Services.

2.   Tertiary sector has become the biggest maker in India in light of the fact that different sorts of Services, for example, clinics, instructive foundations, post and transmit administrations, police headquarters, courts, town authoritative workplaces, transport, banks, insurance agencies, and so on are required.

3.   Even improvement of farming and industry prompts the advancement of administrations, for example, transport, exchange and capacity, and so on

4.   With the ascent in pay, interest for additional administrations is rising.

For instance, eating out in eateries, the travel industry, shopping centers and shopping buildings, schools, proficient preparing, and so forth

5.    New administrations like Information Technology and redistributing have gotten significant for modem day exchange and industry.

Tragically, the fast development of the administration sector in India has not yet demonstrated the normal comparing increment in work.

By what method would employment be able to be expanded in both rustic and metropolitan territories? Clarify.

 

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Answer :

Approaches to give greater business openings in provincial zones:

1.    Promote and find enterprises and administrations in semi-rustic territories where countless individuals might be utilized. Model, setting up a dal plant, opening a cool stockpiling, beginning or advancing nectar assortment.

2.        Promoting little scope businesses, little scope producing units, agro-preparing ventures and giving advances to the equivalent. The administration/banks can give advances at modest rates to the little ranchers to improve their irrigational offices so they can get a few yields every year rather than one. Hence more individuals can be utilized in a similar field.

3.        If more dams are manufactured and waterway water is given to all the little ranchers, at that point a ton of business can be produced in the agrarian sector.

 

4.      If more cash is spent on transportation and capacity, at that point little ranchers will be profited as well as a lot more individuals can be utilized in transport and capacity sector.

5.      Investing more in the travel industry and utilizing more youth in this sector.

"There are a few things required by the general public all in all". In the light of this assertion disclose with respect to who can give them at a sensible cost, the private or the public sector and why?

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Answer :

Society in general needs a few things which the private sector won't have the option to give at a sensible expense.

Explanations behind this are:

1.            Activities in the private sector are guided by the rationale to acquire benefits and not government assistance of the individuals,

2.            There are a few administrations required by the general public which the private sector can't give at a sensible cost. Exercises like development of streets, spans, railroads, water system through dams and so on, require immense measure of cash which is past the limit of the Private sector. Private sector charges high rates for the utilization of these administrations.

3.            It is hard for the Private sector to gather cash from a huge number of individuals who utilize these administrations.

4.            The Private sector in some cases overlooks territorial adjusted turn of events, correspondence of pay and improvement of fundamental enterprises.

5.            Private sector charges incorporate net revenues while the legislature will charge a sensible cost for administrations. It is the primary obligation of the legislature to guarantee the arrangement of public offices with a help witticism.

Depict any five conditions or angles that you would consider prior to tolerating a work?

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Answer :

Prior to tolerating an occupation numerous variables should be viewed as separated from pay—

1.            These incorporate factors, for example, offices for families, working climate, or occasion to learn.

2.            In another case, an occupation may give less compensation yet may offer ordinary business that improves feeling that all is well with the world. Another work notwithstanding, may extend to significant salary yet no employment opportunity security and furthermore allow for family.

3.            The terms of work are according to government rules and guidelines.

4.            The venture additionally gives a few different advantages like paid leave, fortunate asset, tip, and so on

5.            The business likewise makes arrangements for health advantages and safe workplace. A sheltered and secure climate may permit more ladies to take up an assortment of occupations.

'There has been a major change in the three sectors of monetary exercises, however a comparative move has not occurred in the portion of work.' Explain the above assertion based on realities.

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Answer :

In spite of the fact that there has been an adjustment in the portion of the three sectors in GDP, comparative move has not occurred in the structure of business. The Primary sector keeps on being the biggest boss even in the year 2000. The purpose behind this is that insufficient positions are made in the Secondary and Tertiary sectors. The greater part of the laborers in the nation are working in the Primary sector, principally in agribusiness, creating just a fourth of GDP. As opposed to this, Secondary and Tertiary sectors produce three-fourths of the produce however they utilize not exactly 50% of the individuals.

Reasons:

1.            During the most recent thirty years in the Indian economy, insufficient positions have been made in the Secondary and Tertiary sectors, despite the fact that their yield has expanded numerous folds. Accordingly the greater part of the laborers in the nation are working in the primary sector, mostly farming, causing gross underemployment due to congestion in the sector.

2.            There are a greater number of individuals occupied with agrarian exercises than is important. The circumstance is with the end goal that regardless of whether we eliminate many individuals from agribusiness, the creation of this sector won't be influenced.

Characterize tertiary sector. Portray about the various types of individuals utilized in this sector in India.

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Answer :

Tertiary sector. Exercises in this sector don't create any merchandise. This sector produces benefits that go about as help and backing to the primary and secondary sector. Administrations like organization, police, armed force, transport, emergency clinics, instructive foundations, post and broadcast, courts, civil partnership, banking and protection, stockpiling, exchange and interchanges are instances of exercises in the tertiary sector. This sector is otherwise called the Service Sector.

1.            The first sort of individuals are the profoundly talented and taught individuals offering particular types of assistance. E.g., specialists, legal counselors, bookkeepers, and so on There are a predetermined number of administrations that utilize profoundly gifted and instructed laborers and offer huge pay rates.

2.            There are likewise countless laborers occupied with administrations, for example, little retailers, fix people, transport people. These individuals scarcely figure out how to procure a living but they play out these administrations in light of the fact that no elective open doors for work are accessible to them.

Consequently, just a portion of this sector is filling in significance.

Express any five highlights every one of public sector and private sector.

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Answer :

Public Sector:

1.            The government possesses the vast majority of the resources.

2.            All the administrations are given by the legislature.

3.            The primary thought process of the public sector is the government assistance of the individuals (masses). Exercises are guided by the interest of the country all in all.

4.            Employees feel made sure about and there is order and standard work.

5.            Governments fund-raise through expenses and other meAnswer:

 

6.            For model, railroads, mail depots, development of streets, spans, harbors, dams, and so on

Private Sector:

1.            In the private sector, responsibility for is in the possession of private people or organizations.

2.            Services are given or are in the possession of people.

3.            Activities in the private sector are guided by the thought process to procure benefits and not government assistance of the individuals.

4.            Jobs of the representatives are less made sure about and the impulses of the proprietors are most importantly.

5.            Private sector charges high rates for the utilization of administrations gave by them.

6.            For model, Companies like Tata Iron and Steel Co. (TISCO), Reliance Industries, and so forth

Clarify with appropriate models how open sector adds to the financial improvement of the country.

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Answer :

Function of Public sector in financial turn of events. The Public sector is that sector of the economy wherein the administration possesses the majority of the resources and gives all the administrations, e.g., railroads, post and broadcast.

1.            It advances quick monetary improvement through creation and development of foundation.

2.            The public sector offers different types of assistance and offices like development of streets, spans, railroads, water system through dams, and so forth where weighty spending is required.

3.            A huge number of exercises are a primary duty of the administration like schools, medical clinics, lodging, safe drinking water, and so on

4.            Certain exercises are intended to be upheld by the administration, such as giving power to little scope enterprises at low costs, flexibly of food to poor people, and so on It energizes improvement of little, medium and cabin businesses.

5.            It guarantees accessibility of products and ventures at moderate rates and furthermore adds to network advancement through creation and extension of framework.

1

primary sector

A

Teaching

2

secondary sector

B

Construction

3

tertiary sector

C

mining

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Answer :

1-B, 2-C, 3-A

1

more people are employed than required

A

disguised unemployment

2

People are educated and unemployed

B

seasonal unemployment

3

People are employed in particular seasons only

C

educated unemployment

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Answer :

1-A, 2-C, 3-B

1

primary sector

A

BPO

2

secondary sector

B

Fishing

3

tertiary sector

C

Manufacturing

4

Information Technology sector

D

business services

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Answer :

1-B, 2-C, 3-D, 4-A

1

Firm

A

tertiary sector

2

Cow

B

carries economic activities

3

includes the units producing services

C

secondary sector

4

Doesn’t includes the units producing services

D

Doesn’t carries economic activities

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Answer :

1-B, 2-D, 3-A, 4-C

1

sector converts goods into goods

A

Primary Sector

2

Doesn’t sector converts goods into goods

B

ownership of enterprises

3

economy is classified into public and private sectors on the basis of

C

secondary sector

4

economy is classified into public and private sectors not on the basis of

D

employment conditions

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Answer :

1-C, 2-A, 3-B, 4-D

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