| Class | 10th |
| Subject | Economics |
| Category | Important Questions |
Class 10 Economics Chapter 2 Sectors of the Indian Economy Important Question Answer NCERT
Q1. What is meant by the Primary Sector ? Most Important
Ans – All those activities in which we produce a good by exploiting natural resources are called primary sector.
Eg. Agriculture, fishing, dairy etc.
Q2. What is meant by the tertiary sector? Most Important
OR
What is meant by Service Sector? Most Important
Ans – The tertiary sector includes activities that help in the development of the primary and secondary sectors. These activities don’t produce any things but provides services. Therefore, tertiary sector is also called service sector.
Eg. Communication, Banking, Transport etc.
Q3. What is meant by secondary sector of economy?
Ans – The Secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing.
Eg. Sugar mill, cotton mill, Cement industry etc.
Q4. In which sector, workers do not produce goods ?
Ans – In tertiary sector, workers do not produce goods.
Q5. What is Organized Sector? Most Important
Ans – Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work.
Q6. What is an unorganised sector? Most Important
Ans – The unorganised sector is characterised by small and scattered units which are largely outside the control of the government.
Q7. Banking Services are included in _______ Sector. (Primary / Tertiary)
Ans – Tertiary
Q8. Banks and Hospitals are related to: (Primary Sector / Tertiary Sector)
Ans – Tertiary Sector
Q9. _________ sector contributes maximum to GDP of India.
Ans – Tertiary/Service Sector.
Q10. The activities of primary, secondary and tertiary sectors are ___________. (Independent / Interdependent) Most Important
Ans – Interdependent.
Q11. What is Unemployment?
Ans – It is a situation in which a person is able and willing to do work but he is not getting any work.
Q12. What do you mean by final goods and intermediate goods?
Ans – Intermediate goods : These are the goods used to produce final goods and services.
Final goods : Those goods which do not require further processing. These goods are also known as consumer goods and are produced for the purpose of direct consumption by the end consumer.
Q13. Find the odd one out and mention why? MTNL, Indian Railways, Air India, Jet Airways, All India Radio
Ans – Air India is odd from other because Air India is a private company while other three are government owned.
Q14. Find the odd one out any say why? Teacher, Doctor, Vegetable Vendor, Lawyer.
Ans – Vegetable Vendor
Because Vegetable Vendor belongs to unorganized sector and other three belongs to organized sector.
Q15. Most of the workers in the……… sector enjoy job security. (Organized/Unorganized)
Ans – Organized
Q16. What is meant by disguised unemployment? Most Important
Ans – It is a type of unemployment in which more people are engaged in a work where few peoples are required.
eg. This type of unemployment is generally scene is agriculture sector.
Q17. Classify industries on the basis of their ownership.
Ans – On the basis of their ownership, industries can be classified as public sector, private sector, or joint sector.
Public Sector : In public sector, the government owns most of the assets and provides all the services. eg. Railways, Post office etc.
Private Sector : In private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. eg. TISCO, RIL etc.
Joint Sector : Joint sectors are run as collaboration between government and private parties. eg. Oil India Limited, Maruti Udyog Limited etc.
Q18. In which year ‘National Rural Employment Guarantee Act’ (MGNREGA) was enacted?
Ans – 2005
Q19. What is the objective of MGNREGA 2005 ? Most Important
Ans – The objective of MGNREGA 2005 is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.
Q20. Briefly explain the MGNREGA Act 2005.
OR
Write a note on Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) ?
Ans – It is called Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005). Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people.
Q21. State any two names of public sector enterprises. Most Important
Ans – Railway and post office.
Q22. Is it necessary to have Public Sector ? Substantiate your answer by examining the role of the Government.
Ans – Yes. It is necessary to have public sector because there are several things needed by the society as a whole but which the private sector will not provide at a reasonable cost.
Role of public sector/Government
- It promotes redistribution of income and wealth.
- It develops industries which requires huge investment.
- It ensures rapid economic development.
- It generates employment.
- It helps in development of small-scale industries.
Q23. How would you distinguish between organized and unorganized sectors ? Explain in brief.
Ans –
| Organized Sector | Unorganized Sector |
|
|
Q24. Compare the contribution of primary, secondary and tertiary sectors in generating employment in India.
Ans – The Primary sector is generating largest employment in India. More than half of the workers in the country are working in the primary sector, mainly in agriculture, producing only one sixth of GDP. In contrast to this, the secondary and tertiary sector produce the rest. Tertiary sector contributes the most in GDP.
Q25. Explain the difference between primary, secondary and tertiary sectors using examples. Most Important
Ans –
| Primary Sector | Secondary Sector | Tertiary Sector |
| All those activities in which we produce a good by exploiting natural resources are called primary sector.
Eg. Agriculture, fishing, dairy etc. |
The Secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing.
Eg. Sugar mill, cotton mill, Cement industry etc. |
The tertiary sector includes activities that help in the development of the primary and secondary sectors. These activities don’t produce any things but provides services. Therefore, tertiary sector is also called service sector.
Eg. Communication, Banking, Transport etc. |
Q26. Write a short note on the rising importance of the tertiary sector in production sector.
Ans – The importance of the tertiary sector in production sector is rising because of the following reasons :
- It is responsible to distribute its services and goods to different consumers.
- Increasing income level has created demands for many services like eating out, shopping, private schools, private hospitals, tourism etc.
- This sector provides services such as transport, trade, storage etc. which help in the development of production sector.
- Tertiary sector helps to flourish services related to communication and information technology.
Q27. Why the tertiary sector is becoming the most important in India? Give reasons in support of your answer.
Ans – Tertiary sector is becoming the most important in India due to following reasons :
- Development of agriculture and industry has led to the requirement of services like transport, trade, storage etc.
- Basic services like education, banking, postal service, are required in a developing country like India, which are mostly taken care of by the government in tertiary sector.
- As Income level of people in India are increasing, demands for many services like eating out, shopping, private schools, private hospitals, tourism etc.
| Also Read | NCERT Class 10 Social Science Solution (All Books) |
| Also Read | Class 10 Important Questions (Latest) |
| Also Read | Class 10 Old Question Papers |
| Also Read | Class 10 Model Papers [latest] |