SST ( ECONOMICS ) for Class 10 ( Understanding Economic development ) Worksheet

Multiple Choice Questions
Q1: When was the ‘Consumer Protection’ Act amended?
(a) In 1990 and 1992
(b) In 1992 and 1995
(c) In 1989 and 1991
(d) In 1991 and 1993

Q2: In the market place rules and regulations are needed for the production of:
(a) Sellers
(b) Suppliers
(c) Consumers
(d) Owners

Q3: When was the ‘Right to Information Act’ passed?
(a) In October, 2005
(b) In October, 2006
(c) In September, 2005
(d) In September, 2006

True/False
Q1: COPRA applies only to goods.

Q2: ndia is one of the many countries in the world which has exclusive courts for consumer redressal.

Q3: When a consumer feels that he has been exploited, he must fill a case in the district consumer court.

Q4: It is worthwhile to move to consumer courts only if damages incurred are of high value.

Q5: Hallmark is the certification maintained for standardization of jeweler.

Very Short Answer Type Questions
Q1: What do sellers usually do when there is a complaint regarding a good or service that had been bought?

Q2: When did the consumer movement come into being in an organised form in India?

Q3: What are the details given on the packing of a commodity?

Q4: The consumer movement in India has led to the formation of various organisations. Name them.

Q5: How do organisations like consumer forums help consumers?

Q6: What is adulteration?

Short Answer Type Questions

Q1: Why COPRA is enacted in India?

Q2: What do you understand by consumer protection?

Q3: How do the logos ISI, Agmark or Hallmark help consumers?

Q4: Mention a few Organizations that provide certification of standardization in India.
What do you mean by ISO?

Q5: What is the need for consumer awareness?

Q6: Mention the consumer’s ‘right to choose’ with an example.

Q7: Describe the conditions in which markets do not work in a fair manner.

Q8: What is the three-tier quasi-judicial machinery in India under COPRA?

Q9: How does consumer awareness help our society?

Long Answer Type Questions

Q1: What are the different forms of consumer exploitation?

Q2: What are the factors responsible for the consumer exploitation?

Q3: What are consumer protection councils?
OR
What are consumer forums?

Q4: Describe salient feature of Consumer Protection Act of 1986. How did it enhance the powers of the redressal machinery of India? 

Q5: Explain the main causes for the increase in the prices. Give two arguments in favour of regulating the rising prices. 

Q6: Attempt a brief note on COPRA.

The solutions of the worksheet “Worksheet Solutions: Consumer Rights“

Multiple Choice Questions
Q1: Identify the incorrect statement in respect of SEZs.
(a) They do not have to pay taxes for long period.
(b) Government has allowed flexibility in labour laws.
(c) They have world class facilities.
(d) They do not have to pay taxes for an initial period of five years.

Q2: Companies which set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of ___________.
(a) 2 years
(b) 5 years
(c) 4 years
(d) 10 years

Q3: Which of the following is an example of a trade barrier?
(a) Remittances to foreigners
(b) Cost of transportation
(c) Tax on imports
(d) Interest on bonds

Q4: Which of the following best describes an MNC?
(a) An MNC is a company that controls production of good and services in multiple nations.
(b) An MNC is a government organized body that controls the distribution of resources in a country.
(c) An MNC is an organization that ensures new technology is used by the farming sector of a country.
(d) An MNC is a conglomerate of domestic companies that controls production of goods and services in the domestic region.

Q5: WTO aims at:
(a) restricting trade practices.
(b) establishing rules for domestic trade.
(c) liberalising international trade.
(d) none of the above.

Q6: There were __________ countries who the members of the World Trade Organisation in 2006.
(a) 139
(b) 149
(c) 159
(d) 169

Q7: In what way did the pressure of competition affect the workers in the garment industry?
(a) Reduced cost of raw materials
(b) Reduced labour cost
(c) Decreased working hours
(d) Protection to workers

Fill in the Blank
Q1: ________ owns or controls production in more than one nation.

Q2: _______ monitors the liberalisation of trade at international level.

Q3: Another name for the World Bank is _____.

Q4: Exports now finance over 80% of imports, as compared to 60% in 1985. This situation is because of ______.

Q5: Special Economic Zones are being set up by ________ and _________ governments.

True & False
Q1: Globalisation and competition among producers are beneficial to the government.

Q2: MNCs set up production units on the basis of proximity to the markets.

Q3: MNCs, who set up production units in SEZ, do not have to pay taxes for first five years.

Q4: Foreign trade creates an opportunity for the retailers to reach beyond the domestic markets.

Q5: MNCs are playing a major role in the globalisation process.

Assertion and Reason Type Questions
Direction: In the following questions, a statement of assertion is followed by a statement of reason. Mark the correct choice as:
Q1. Assertion : Foreign trade and foreign investment results in disintegration of production across countries.
Reason: MNCs disrupt the production processes in domestic country.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q2: Assertion: Globalization leads to increased competition in international and domestic markets.
Reason: Globalization also makes the consumers better off as they have a wider variety of goods to choose from at lower prices.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q3: Assertion: Foreign trade creates an opportunity for the producers to reach beyond the domestic markets.
Reason: Foreign trade expands the choice of goods beyond what is domestically produced.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q4: Assertion: Global production has a complex structure.
Reason: Production of one good may take place in different parts of the world. For instance, an equipment may be formed by combining components produced in different countries.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q5: Assertion: MNCs can exert a strong influence on production at distant locations.
Reason: MNCs set up partnerships with local companies, use local companies for supplies, compete witnqhe local companies or buy them up.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q6: Assertion: The removal of barriers to trade is known as liberalization.
Reason: federalization of trade allows businesses to freely decide which goods to import and export.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false. 

Q7: Assertion: Due to foreign trade, producers in different countries closely compete with each other.
Reason: Foreign trade leads to similar prices of good across boundaries, and the producers who do not offer competitive prices may lose the market share.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q8: Assertion: A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.
Reason: Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false. 

Q9: Assertion: Local businesses may set up joint production process with MNCs and earn higher profits.
Reason: MNCs can provide money for additional investments, like buying new machines for faster production.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false. 

Q10: Assertion: Rapid improvement in technology has been one major factor that has stimulated the globalization process.
Reason: Developing countries are likely to become at par with developed countries in terms of technological development due to globalization.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false. 

Very Short Answer Type Questions
Q1: MNC stands for _________.

Q2: Investment made by MNCs is called ___________.

Q3: Process of integration of different countries is called ___________.

Q4: MNCs increase ____________.

Q5: This helps to create an opportunity for the producers to reach beyond the domestic market.

Q6: Why is fair globalisation necessary ?

Q7: What are the ways to interconnect countries?

Q8: When is money called an investment ?

Q9: Name some of the Indian multinationals.

Q10: International Monetary Fund (IMF) is an organisation whose aim is to liberalise international trade.

Short Answer Type Questions 
Q1: Examine any three conditions which should be taken care of by Multinational Companies to set up their production units.

Q2: How is foreign trade interlinking markets of different countries? Explain with example.

Q3: ‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ Justify the statement.
or
Why have the barriers on foreign trade and foreign investment been removed to a large extent by the Indian government? Explain.

Q4: “Globalisation and greater competition among producers has been advantageous to consumers.” Justify the statement with examples.

Q5: What is foreign trade? How does it integrate markets? Explain with examples.
or
How does foreign trade integrate the markets of different countries? Explain with examples.

Q6: “Technology has stimulated the globalisation process.” Support the statement with examples.
or
“Information and Communication Technology has played a major role in spreading our production of services across countries”. Justify the statement with examples.
or
How has Information and Technology stimulated globalisation process? Explain with examples.

Q7: How did Cargill Foods became the largest producer of the edible oils in India? Explain.

Q8: How does foreign trade connect the markets of different countries? Explain with example.

Q9: How do Multinational Companies manage to keep the cost of production of their goods low? Explain with examples.

Q10: How are MNCs spreading their production across countries? Explain with an example. 

Long Answer Type Questions
Q1: How has foreign trade been integrating markets of different countries? Explain with examples.

Q2: Explain any three ways by which MNCs exercise control on production.

Q3: “The impact of globalisation has not been uniform.” Explain this statement.

Q4: Globalisation will continue in the future. Can you imagine the world would be like twenty years from now ? Give reasons for your answer.

Q5: Explain any five positive impacts of globalisation.

Q6: How do MNCs interlink production across countries?

Q7: Critically examine the functioning of WTO.

Q8: Describe the contribution of technology in promoting the process of globalization.
or
How has improvement in technology stimulated the globalisation process? Explain.
or
Explain the role of technology in stimulating globalisation process.

The solutions of the worksheet “Worksheet Solutions: Globalisation & The Indian Economy“

Multiple Choice Questions
Q1: A person can withdraw money from a bank by issuing a cheque. What is a cheque?
(a) Loan taken by the bank.
(b) Loan taken by the depositor from the bank.
(c) Paper instructing the bank to pay a specific amount.
(d) Paper valid to withdraw money

Q2: Which one of the following is not a formal source of credit?
(a) Commercial Banks
(b) State Bank of India
(c) Employers
(d) Co-operatives

Q3: All the banks actas mediator between _________ and _________.
(a) rural people, urban people
(b) literates, illiterates
(c) people, government
(d) depositors, borrowers

Q4: Organised credit is also called
(a) informal credit
(b) formal credit
(c) cooperative credit
(d) none of these

Q5: A porter making pots, wants to exchange pots for wheat. Lukily, he meets a farmer who has wheat and is willing to exchange it for the pots. What is this situation known as?
(a) Incidence of wants
(b) Double coincidence of wants
(c) Barter system of wants
(d) None of the above

Q6: Organised credit is also called
(a) informal credit
(b) formal credit
(c) cooperative credit
(d) none of these

Q7: Modern form of money is linked with which system?
(a) Accounts system
(b) Finance system
(c) Banking system
(d) None of the above.

Q8: Which one of the following does not come under terms of credit?
(a) Interest rate
(b) Employment
(c) Collateral
(d) Mode of repayment.

Q9: What are electronic banking services?
(a) ATM
(b) Debit Card
(c) Credit Card
(d) All of the above.

Q10: A person can withdraw money by issuing a cheque. What is a cheque?
(a) Loan taken by the bank.
(b) Loan taken by the depositor from the bank.
(c) Paper instructing the bank to pay a specific amount.
(d) Paper valid to withdraw money

Fill in The Blanks
Direction: Complete the following statements with appropriate word(s).
Q1: Modern forms of money include _______ (gold coins/ paper notes)

Q2: Deposits in bank accounts withdrawn on demand are called _____ .

Q3: _____ issues currency notes on behalf of the Central Government.

Q4: Majority of the credit needs of the _____ households are met from informal sources.

Q5: _____ is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

True & False

Direction: Read each of the following statements and write if it is true or false.
Q1: In a SHG, most of the decisions regarding savings and loan activities are taken by government.

Q2: The collateral demand that lenders make loans against are vehicle and building of the borrower.

Assertion And Reason Type Questions
Direction Mark the option which is most suitable :‘
Q1: Assertion: In India, no individual can refuse to accept a payment made in rupees.
Reason: Rupee is the legal tender in India.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q2: Assertion: Banks keep only a small proportion of their deposits as cash with themselves.
Reason: Banks in India these days hold about 15 per cent of their deposits as cash.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q3: Assertion: Rohan took credit in the form of advance payment from a buyer and he delivered the goods to the buyer on time and also earned profit. The credit made Rohan better off in this situation.
Reason: Credit can never push a person into a debt trap.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q4: Assertion: Collateral is an asset that the borrower owns (such as land, building, vehicle, livestock, deposits with banks) and uses this as a guarantee to a
Reason: Collateral is given as the lender can sell the collateral to recover the loan amount if the borrower fails to repay the loan.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Q5: Assertion: The Reserve Bank of India supervises the functioning of formal sources of loans.
Reason: The RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, to small borrowers etc.
(a) If Both assertion and reason are true, and reason is the correct explanation of assertion.
(b) If Both assertion and reason are true, but reason is not the correct explanation of assertion.
(c) If Assertion is true, but reason is false.
(d) If Both assertion and reason are false.

Very Short Answer Type Questions
Q1: Give any two examples of informal sector of credit. 

Q2: How does the use of money make it easier to exchange things? Give an example. 

Q3: How do the deposits with the banks become their source of income? 

Q4: Compare formal sector loans with informal sector loans regarding interest only. 

Q5: What do people do with extra money?

Q6: Why do we consider demand deposits as money?

Q7: What does higher cost of borrowing means?

Q8: When is crucial for the country’s development?

Q9: How do the SHGs help borrowers?

Q10: Prove with an argument that there is a great need to expand formal sources of credit in rural India.

Short Answer Type Questions 
Q1: Why is cheap and affordable credit important for the country’s development? Explain any three reasons.
or
“Cheap and affordable credit is crucial for the country’s development.” Assess the statement.

Q2: Explain any three loan activities of banks in India.

Q3: Why do banks ask for collateral while giving credit to a borrower?

Q4: What comprises ‘terms of credit’?

Q5: “Supervision of the functioning of formal sources of loans is necessary”.

Q6: “There is a great need to expand formal sources of credit in rural India.” Examine the statement.

Q7: Describe the utility of Cheque.

Q8: “The credit activities of the informal sector should be discouraged.” Support the statement with arguments.

Q9: ‘Credit has its own unique role for development.’ Justify the statement with arguments.

Q10: “Poor households still depend on informal source of credit.” Support the statement with examples.
or
“Most of the poor household still depend on the informal sector for loans, both in rural and urban areas of India.” Support the statement with three examples.

Long Answer Type Questions
Q1: What are self-help groups? How are they emerging as an import ant source of credit? Explain.
or
‘Self-Help Groups’ help borrowers to overcome the problems of lack of collateral.” Examine the statement.

Q2: How do SHG’s act to provide a platform for women to address their various social issues?

Q3: “Banks are playing an important role in the development of the Indian economy.” Support the statement with examples.

Q4: How can the formal sector loans be made beneficial for the poor farmers and workers? Suggest any five measures.

Q5: What are Self-Help Groups? How do they work? Explain.

Q6: What is credit? How does credit play a vital and positive role? Explain with an example.

Q7: Why are banks necessary for a country?

Q8: In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary? 
OR
How does Reserve Bank of India play a crucial role in controlling the formal sector loans. Explain.

Q9: When does credit push the borrower into a debt-trap? Explain with the help of an example.

Q10: What are the merits and demerits of credit ?
OR
‘‘Credit is useful as well as harmful, it depends on the risk involved.’’ Support the statement with examples.

The solutions of the worksheet “Worksheet Solutions: Money & Credit“

Multiple Choice Questions

Q1: Which of the following sectors is the largest producing sector in India?
(a)  Primary sector
(b)  Modern sector
(c)  Tertiary sector
(d)  Secondary sector

Q2: Which of the following is another name for primary sector?
(a)  Service sector
(b)  Agriculture and related sector
(c)  IT Sector
(d)  Industrial sector

Q3: Which of the following is a benefit of a tertiary sector?
(a) The activities of tertiary sector help in the development of primary and secondary sector.
(b) The tertiary sector helps in the production of goods by directly using natural resources.
(c) The individuals involved in tertiary sector use better quality seeds and manure to produce agricultural goods.
(d) The individuals involved in tertiary sector buys raw materials directly from farmers to convert them into final goods.

Q4: Public Sector stands for:
(a) Most of the assets owned by big companies.
(b) Assets owned by Government.
(c) Most of the assets owned by a group of people.
(d) Most of the assets owned by an individual.

Q5: Which of the following best defines the gross domestic product (GDP) of a country?
(a) It is the decrease in the value of assets over a given period of time.
(b) It is the value of final goods and services produced with in the domestic territory of a country.
(c) It is the difference between value of goods imported and the value of goods exported.
(d) It is the value of all final goods and services produced by the citizens of a country within and outside the country.

Q6: Choose a method to tackle the problem of underemployment in a country.
(a) Identify, promote and locate industries and services where a large number of people can be employed.
(b) Provide debt-waiver schemes for farmers so that they can easily take loans to increase agricultural activities.
(c) The government should provide unemployment benefits to citizens.
(d) The government should focus on developing jobs in the unorganized sector as most of the people are employed in unorganized sectors.

Q7: Which of the following sectors is the largest producing sector in India?
(a) Primary sector
(b) Modern sector
(c) Tertiary sector
(d) Secondary sector

Q8: Identify the difference between the organised and unorganised sectors.
(a) Employees in organised sector are mainly involved in agriculture and allied activities, while the employees in unorganized sector are mainly involved in manufacturing activities that take place with the help of equipment in factories.
(b) Firms in organised sector are registered by the government and have to follow certain norms of employment as set by the government, while the unorganised sector is characterised by small and scattered units which are largely outside the control of the government.
(c) Employees in organized sector are mainly self-employed, while the employees in unorganized sector are mainly employed in government or public sector jobs.
(d) In a country, the contribution of organized sector is minimal to the GDP, while the unorganized sector mainly supports the economic growth of a country.

Q9: Which of the following is true about Mahatma Gandhi National Rural Employment Guarantee Act
(a)  The government has to ensure to increase the number of jobs in unorganized sector.
(b)  The government is required to provide 100 days of employment in rural areas to people who are able to and in need of work.
(c)  The government has to ensure that all the unemployed individuals in rural areas must get  100 per day as unemployment benefits.
(d)  The government is required to provide free health check ups and medical facilities to unemployed people in rural areas for at least 100 days in a year.

Q10: Which of the following refers to the intermediary good?
(a)  Goods that are included in the estimation of GDP.
(b)  Goods that are not used as raw material for production of other goods during a year.
(c)  Goods that are used as raw material for the production of other goods during a year.
(d)  Goods that are not resold by the firms to make profit during a year.

Fill in the Blanks

Q1: The ____________ sector involves the creation of products by extracting and gathering natural resources.

Q2: The ____________ sector includes activities that support the growth of the primary and secondary sectors.

Q3: Gross Domestic Product (GDP) is the sum of production of ____________ sectors in a year.

Q4 The ____________ sector gradually became the most important in the economy and employment.

Q5: The ____________ sector overtook the primary sector as India’s largest producing sector in 2013-14.

True and False
Q1: The tertiary sector is not playing any significant role in the development of Indian economy.

Q2: The purpose of the Public Sector is not just to earn profits while activities in the sector are guided by the motive to earn profits only.

Q3: There has been a big change in the three sectors of economic activities in India but a similar shift has not taken place in the share of employment.

Q4: The public sector plays an important role in the economy of India by creating and expanding infrastructure such as the construction of roads, bridges, railways, schools, hospitals, etc.

Q5: The unorganised sector in urban areas constitutes casual workers especially in construction, trade and transport as well as the people who are employed on their own doing small jobs such as selling on the street or doing repair work.

Assertion and Reasoning Based Type Questions

Q1: Assertion: An individual who manufacture flour from wheat is engaged in primary sector.
Reason: When some process of manufacturing is used the product is a part of secondary sector.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false. 

Q2: Assertion: Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm.
Reason: Leela is working in organized sector.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false. 

Q3: Assertion: There are several goods and services that the society needs; however, the private sector does not produce all of them.
Reason: Private sector is profit driven.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q4: Assertion: Rakesh is an educated and skilled worker who earns a high monthly salary as he is employed in a private bank in a city.
Reason: All service sectors in India are growing extremely well and each individual engaged in any kind of tertiary activity earns a high income.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q5: Assertion: Mohan is a shopkeeper who pays his taxes on time. He has employed two workers Rakesh and Raghu in his shop. He pays them well, however, none of the workers get any paid leaves in the year.
Reason: Rakesh and Raghu are employed in unorganized sector.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q6: Assertion: In India, over the forty years between 1973- 74 and 2013-14, while production in all three sectors has increased, it has increased the most in the tertiary sector.
Reason: Tertiary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in tertiary sector.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q7: Assertion: Reliance industries is a privately-owned firm.
Reason: Government is a major stakeholder in reliance industries.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q8: Assertion: The development of agriculture and industry leads to the development of service sector.
Reason: As the primary and secondary sectors develops, the demand for transport, storage structures, banks, insurance, etc., increases.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q9: Assertion: In India, the primary sector is the largest employer.
Reason: The demand for services has increased enormously.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false.

Q10: Assertion: When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.
Reason: At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of goods and services in an economy.
(a)  If both assertion and reason are true and reason is the correct explanation of assertion.
(b)  If both assertion and reason are true but reason is not the correct explanation of assertion.
(c)  If assertion is true but reason is false.
(d)  If both assertion and reason are false. 

Very Short Answer Type Questions

Q1: TISCO : Private, ________ : Public.

Q2: The main objective of a private sector enterprise is ________.

Q3: Complete the following :
The activities of the primary sector are called primary because _______.

Q4: Correct the following statement and rewrite.
When more people work in a job than required it is known as seasonal employment.

Q5: Identify the sector with the help of the following features :
(a)  Registered by the government
(b) Workes enjoy security of employment.
(c)  It is also called organised sector.

Q6: What type of goods and services are included for calculation of GDP in India?

Q7: What if the underemployed people are removed from primary sector and provide them with proper work somewhere else ?

Q8: What happens in the situation of underemployment ?

Q9: Where do we find majority of workers from scheduled castes, tribes and backward communities?

Q10: Which aspects of human development does the government need to pay attention ?

Short Answer Type Questions
Q1: What is an economic activity ?

Q2: How do we calculate the value of various goods and services and know the total production in each sector ?

Q3: What are the non-economic activities ?

Q4: Why is the tertiary sector becoming more important in India ? Explain. 

Q5: What does this mean that the primary sector provided employment to more than half of the working population while its share in GDP was less than 25 percent ?

Q6: Why does disguised unemployment not help to enhance the productivity of the country?

Q7: “The declining share of agriculture in the Gross Domestic Product (G.D.P.) is a matter of serious concern in India.” Support this statement with any five reasons.
OR
“The declining share of agriculture in the Gross Domestic Product (GDP) is a matter of serious concern in India.” Support the statements.

Q8: Explain the objective of implementing the MGNREGA 2005.

Q9: What is underemployment ?

Q10: Why is the value of only final goods and services counted while calculating GDP ?

Long Answer Type Questions

Q1: What do you mean by the term Gross Domestic product? What precautions should we take in calculating GDP?

Q2: How do you think the sectoral composition of Indian economy has changed ?

Q3: Pavan is a poor agriculture labourer in a village. He wants to migrate to city in search of better employment opportunities. Can you suggest some ways through which his migration for better employment opportunities be stopped ?

Q4: What are the ways to increase more employment for the people in rural India ?

Q5: Reema works as a Head Technician in Mehta Textiles Private Ltd. whereas Shirin works as a Sales Executive in Kashvi Fashion Showroom. Identify the sectors of economy in which Reema and Shirin are working. Evaluate the role of each of these sectors in the Indian economy.

Q6: Write any five features of an organized sector.

Q7: Rohan works in a bank as a clerk while Sumit works on a construction site as a labourer. Find out the difference in their conditions of work and judge the benefits and drawbacks of working in the respective sectors.

Q8: Mr. Swaminathan works in a government textile mill. Now the government is planning to sell that mill to a company in private sector. What can be the demerits of private sector?

Q9: Explain how public sector contributes to the economic development of a nation.

Q10: What historical changes have been brought about in the primary, secondary and tertiary sectors ?

The solutions of the worksheet “Worksheet Solutions: Sectors of the Indian Economy“

Objective Type Questions
Q1: Which of the following is not true about development?
a. Different people usually have same goals.
b. Different people can have different goals.
c. Different people can have different as well as conflicting goals.
d. Different people can have different as well as conflicting goals regarding national development.

Q2: Which statement does not justify the need for provision of public facilities
a. Income itself indicate the ability to utilize goods and services
b. Public facilities are provided because people need them
c. Providing public facilities collectively reduces costs
d. Income itself cannot indicate the ability to utilize goods and services

Q3: Which one of the following is not a base for preparation of Human Development Index (HDI)
a. Literacy rate
b. Life expectancy
c. Industrialization
d. Per capita income

Q4: Which of the following is the most important component for comparing different countries
a. Resources
b. Youth in population
c. Per capita income
d. Life expectancy

Q5: Which criteria is used by World Bank for classifying countries?
a. Literacy Rate
b. Life Expectancy
c. Enrolment percentage
d. Per Capita income

Q6: Kerala has low infant mortality rate because it has
a. Low provision of basic health and educational facilities
b. Adequate provision of basic health and educational facilities
c. High mortality rate among elderly people
d. None of the above

Q7: Body mass index is used to calculate
a. Nourishment level
b. Body growth
c. Only a
d. Both a and b

Q8: Assume there are five families in a country. The average per capita income of these families is Rs 10000. If the income of three families is Rs 9500, Rs 10500, Rs 10200 and Rs 9800 respectively, what is the income of the fifth family?
a. Rs 10000
b. Rs 10500
c. Rs 20220
d. Rs 5800

Q9: Which of the following is not a reason for a person which will not prevent him from joining a job which pay high salary?
a. Job security
b. Work environment
c. Facilities for family
d. Power

Q10: Which of the following is true when industrialists want more dam to get more electricity but tribals oppose it?
a. Different persons can have different developmental goals
b. What may be development for one may not be development for the other.
c. For development, people look at a mix of goals.
d. Different persons could have different as well as conflicting notions of a country’s development.

Very Short Answer Type Questions
Q1: The total income of the country divided by its total population is Called

Q2: Which organization publishes the Human Development Report?

Q3: Which state in has the highest literacy rate?

Q4: As per Human Development Report 2006 which neighboring country has the highest income?

Q5: What is sustainable development?

Q6: Development of a country can generally be determined by ____________

Q7: Which of the state has low infant mortality rate?

Q8: What is the full form of HDI?

Q9: Which areas of the world has the largest crude oil reserves?

Q10: Besides money what are the other developmental goals?

Short Answer Type Questions
Q1: What does development mean for a landless rural labourer?

Q2: Do all people of a country have the same notion of development?

Q3: What are the development goals of people other than income?

Q4: Which is the most important criterion for comparing development of countries/states?

Q5: What is meant by total income of a country?

Q6: What is ‘Average Income’ Or ‘Per capita Income’?

Q7: What is the main criterion used by World Bank in classifying different countries?
Ans:

Q8: Why children in many parts of India are not able to achieve Secondary education?

Q9: Why does Kerala have low infant mortality rate?

Q10 : What are the criterions used by the Human Development Report published by UNDP to compare countries?

Long Answer Type Questions
Q1: How did World Bank classify countries? What criterion did they use? What are its limitations?

Q2: Give three examples where an average income is used for comparing situations.
Or Why do we use average income? What are the limitations to their use?

Q3: Why do you think average income is an important criterion for development? Explain.
Ans:

Q4: Money in your pocket cannot buy all the goods and services that you may need to live well.
OR Prove by giving examples that income itself is not a completely adequate indicator of material goods and services that citizens were able to use.

The solutions of the worksheet “Worksheet Solutions: Development“