Q1: What are economic activities?
Ans: The activities which contribute to the flow of goods and services in an economy.
Q2: There are many activities that are undertaken by directly using natural resources. What are these activities known as?
Ans: Primary activities.
Q3: Give any two examples of primary activities.
Ans: (i) Animal rearing (ii) Lumbering
Q4: ‘Dairy is a primary activity’. Give reason.
Ans: In case of dairy we are dependent on the biological process of the animals and availability of fodder. The product i.e. milk is also a natural product.
Q5: By what other name the primary sector is known as?
Ans: Agriculture and related sector. ‘
Q6: What is secondary sector?
Ans: The secondary sector includes activities in which natural products are changed into other forms manually or through machines.
Q7: Give two examples of secondary activities.
Ans: (i) Manufacturing of car (ii) Manufacturing of chair.
Q8: What is tertiary sector?
Ans: The sector which provide support service to both primary and secondary sectors. For example banking, trade communication etc.
Q9: Why tertiary sector is also termed as service sector?
Ans: Tertiary sector is termed as service sector because tertiary sector provide support service to primary and secondary sectors.
Q10: What is GDP? [CBSE 2014]
Ans: It is the value of all final goods and services produced within a country during a particular year.
Q11: Which organisation in India undertakes the task of measuring GDP?
Ans: Central Government Ministry.
Q12: What are final goods?
Ans: Final goods are the goods which are ready for use. For example a pen.
Q13: What are intermediate goods?
Ans: These are the goods which are used up during the production process.
Q14: ‘While calculated Gross Domestic product the value of only final goods should be included’. Give reason.
Ans: Because the final goods already includes the value of all intermediate goods.
Q15: Which sector has shown the highest growth rate?
Ans: Tertiary sector.
Q16: Which sector is the largest employer?
Ans: Primary Sector.
Q17: What is Right to Work?
Ans: Under this Right all those who are ready to work at prevailing wages are given work by the government.
Q18: What is organised sector?
Ans: It is a sector which covers those enterprises or place of work where the terms of employment are regular and therefore people have regular work.
Q19: What is unorganised sector?
Ans: Any sector or industrial unit which is largely outside the control of the government.
Q20: There is a need for protection and support of the workers in the unorganised sector. Given two seasons.
Ans: (i) Workers of unorganised sector are not paid fair wages.
(ii) The working conditions are very poor.