Class Ten NCERT Economics Chapter 2 Answers
Chapter 2: Sector of the Indian Economy
Very Short Answer Type Questions. [1 Mark]
1. What is the primary sector?
Ans. When we produce a good by exploiting natural resources, it is an activity of the primary sector.
2. What is the secondary sector?
Ans. This sector covers activities in which natural products are changed into other forms through manufacturing.
3. Give another name for the secondary sector.
Ans. It is also called the industrial sector.
4. Give some examples of the secondary sector.
Ans. (i) Weaving cloth (ii) Making sugar (iii) Making bricks (iv) All activities in the manufacturing sector.
5. What is the tertiary sector?
Ans. These are activities that help in the development of the primary and secondary sectors. All kinds of services are included in this sector.
6. Give another term for the tertiary sector.
Ans. Service sector.
7. Which are the three broad sectors of an economy?
Ans. The three broad sectors of an economy are:
(i) Primary sector (ii) Secondary sector (iii) Tertiary sector
8. Name the sector which forms the base for all other products.
Ans. Primary sector forms the base for all other products.
9. Name the sector which helps in the development of the primary and secondary sectors.
Ans. The tertiary sector helps in the development of the primary and secondary sectors.
10. Name the sector in which natural products are changed into other forms.
Ans. Secondary sector.
11. Which occupation belongs to the primary sector? Mention anyone.
Ans. Agriculture, fishing, forestry, etc.
12. In which sector all-natural products are changed into other forms through ways of manufacturing?
Ans. Secondary sector.
13. Give one reason for the rapid growth of the service sector in India.
Ans. The reason behind the rapid growth of the service sector is that the service sector provides the basic services for the development of agriculture and industry.
14. Which was the largest producing sector in 2013–14 in India?
Ans. Tertiary sector.
15. Which sector had the highest percentage of employment in India in 1973-74?
Ans. Primary sector.
16. Which sector had the highest percentage of employment in 2013-14.
Ans. Primary sector.
17. Which sectors have huge potential for generation of employment in India?
Ans. Education sector, Health sector, Tourism, Regional cottage and handicraft work.
18. What is the full form of GDP?
Ans. Gross Domestic Product.
19. Define the GDP.
Ans. It is the sum total of all final goods and services produced in all the three sectors of the economy during a particular year.
20. Which sector was the largest producing sector in 1973-74 in India?
Ans. Primary sector.
21. When was MGNREGA implemented?
Ans. In the year 2005.
22. Give the full form of MGNREGA?
Ans. Mahatma Gandhi National Rural Employment Guarantee Act.
23. How many days of employment per year are guaranteed to one person in every poor rural household?
Ans. 100 days of employment.
24. Which types of activities are given preference in MGNREGA?
Ans. Activities that would in the future help to increase the production from land and help in creating assets in villages.
25. What is the organised sector?
Ans. The organised sector covers those enterprises where the terms of employment are regular, assured and employees get several additional benefits.
26. What benefits are given to the employees of an organised sector?
Ans. They get overtime pay, paid leave, payment during holidays, provident fund, bonus, gratuity, medical allowance, etc.
27. In which sector majority of workers from scheduled castes and tribes are employed?
Ans. In the unorganised sector.
28. What do you understand by the unorganised sector of employment?
Ans. The unorganised sector includes those employment activities of people where no rules and regulations are followed.
29. State any one feature of the organised sector.
Ans. The organised sector covers those enterprises or places of work where terms of employment are regular and people have assured work.
30. Classify the economy on the basis of ownership of enterprises.
Ans. Public sector and private sector.
31. What do you understand by the public sector?
Ans. In the public sector, the government owns most of the assets. Industries owned by the government or its agencies are called Public Sector Undertakings (PSUs).
32. What do you understand by the private sector?
Ans. Private sector covers all those economic activities which are owned and controlled by individuals or firms. The ownership of assets and delivery of goods and services remain in the hands of private individuals or companies.
33. Give two examples each of Public Sector Industry and Private sector Industry in India.
Ans. Public Sector Industry: Indian Railways and Indian Oil Corporation Ltd. (IOCL).
Private Sector Industry: Tata Iron & Steel Co. Ltd. and Reliance Industries.
34. Mention one reason for the need of public sector in India.
Ans. The need for the public sector in India arises because the motivating force in the private sector is profit-making and not social welfare. So, the government rely on the public sector for social welfare to fulfil the planned targets.