Please select a subject first
Advertisements
Advertisements
Compare Tables “A” & “B” and answer the question given below.
| Table- A | |||
| Share of Sectors in GDP in % | |||
| Year | Tertiary | Secondary | Primary |
| 1973-74 | 50 | 10 | 40 |
| 2013-14 | 68 | 21 | 11 |
| Table- B | |||
| Share of Sectors in employment in % | |||
| Year | Tertiary | Secondary | Primary |
| 1977-78 | 18 | 11 | 71 |
| 2017-18 | 31 | 25 | 44 |
A remarkable fact about India is that while there has been a change in the share of the three sectors in GDP, a similar shift has not taken place in employment. Why didn’t a similar shift out of primary sector happen in case of employment? Substantiate your answer.
Concept: Primary, Secondary and Tertiary Sectors in India
"There is a need for protection and support of the workers in the unorganised sector." Examine the statement with examples.
Concept: Division of Sectors as Organised and Unorganised
"Activities in the private sector are guided by the motive to earn profits." Examine the statement with examples.
Concept: Sectors in Terms of Ownership: Public and Private Sectors
Study the following picture. The work done in the picture comes under which one of the following sectors of the economy?
Concept: Sectors of Economic Activities
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
Concept: Terms of Credit
How do Self Help Groups help borrowers to overcome the problem of lack of collateral? Explain.
Concept: Terms of Credit
Read the information given below and select the correct option.
Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house at a 12% rate of interest. He has to submit papers about the new house and salary records to the bank. What is this process called?
Concept: Terms of Credit
Explain the role of Self-Help Groups (SHGs) in rural society.
Concept: Self-Help Groups for the Poor
''The use of money spans a very large part of our everyday life." Support the statement with example.
Concept: Money as a Medium of Exchange
Rahul has a sack of cotton but he is in need of wheat and Anush has a sack of wheat and is in need of cotton, under this situation both will be able to exchange their goods. In case of absence of such coincidence of wants, they may not exchange their goods.
Which one of the following would be the best option that describes the mutual exchange of goods and eliminate the exchange of goods?
Concept: Money as a Medium of Exchange
Miss “S” approached a bank nearby to avail loan for her own business, as well as a Self-help group which is operating in her village, the bank rejected her loan application whereas the Self-help group accepted to support her by providing the loan.
Which one of the following documents is required by the bank, but not required by the self-help group to approve Miss "S's" loan application for her business?
Concept: Self-Help Groups for the Poor
A farmer has borrowed money from a money lender at a high rate of interest, as he could not pay the interest, he was forced to borrow from another landlord to settle the amount for the interest borrowed to the money lender. State the consequences he may face in this situation.
Concept: Formal Sector Credit in India
“Self–help groups eliminates poverty and empowers women”. Substantiate with suitable answer.
Concept: Self-Help Groups for the Poor
Assertion (A): Banks are not ready to lend money to certain borrowers.
Reason (R): Some people do not have collateral.
Concept: Terms of Credit
Read the following situation regarding credit and identify the positive impact of credit.
Salim obtains credit to meet the working capital needs of production. The credit helps him to meet the ongoing expenses and complete production on time.
Concept: Two Different Credit Situations
Read the given source and answer the questions that follow:
|
Loans from Cooperatives Besides banks, the other major source of cheap credit in rural areas are the cooperative societies (or cooperatives). Members of a cooperative pool their resources for cooperation in certain areas. There are several types of cooperatives possible such as farmers cooperatives, weavers cooperatives and industrial workers cooperatives, etc. Krishak Cooperative functions in a village not very far away from Sonpur. It has 2300 farmers as members. It accepts deposits from its members. With these deposits as collateral, the Cooperative has obtained a large loan from the bank. These funds are used to provide loans to members. Once these loans are repaid, another round of lending can take place. Krishak Cooperative provides loans for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses. |
- 'Cooperative society' is an example of which source of 'credit'? (1)
- Explain the contribution of Cooperative Societies in rural development. (1)
- Mention any two sources of capital for Self-Help Groups. (2)
Concept: Terms of Credit
What is meant by trade barrier?
Concept: Foreign Trade and Integration of Markets
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
Concept: Foreign Trade and Integration of Markets
What is the meaning of 'investment'?
Concept: Foreign Trade and Integration of Markets
Distinguish between investment and foreign investment.
Concept: Foreign Trade and Integration of Markets
