NCERT Class 10 Economics Chapter 2 Sectors Of The Indian Economy Very Short Answer Questions
Question 1. Define small and marginal farmers.
Answer:
It refers to those farmers who do not possess sufficient land to survive.
Question 2. Which sector of India contributes maximum to GDP?
Answer:
The tertiary sector of India contributes maximum to GDP.
Question 3. Does GDP include intermediate or final goods?
Answer:
Final goods only.
Question 4. Define the primary sector of an economy.
Answer:
It is a producing sector of the economy that depends upon natural resources and biological processes, also known as the farming sector.
Question 5. What are economic activities?
Answer:
These are activities performed with the motive of earning income.
Question 6. When was MNREGA enacted in India1?
Answer:
MNREGA was enacted in 2005 in India.
Question 7. Write the full form of MNREGA.
Answer:
Mahatma Gandhi National Rural Employment Guarantee Act
Question 8. Which is the largest employment-providing sector of India?
Answer:
Primary sector or farming sector
Question 9. What is meant by underemployment?
Answer:
If refers to a situation, where the whole of the working class is not fully employed.
Question 10. Define disguised unemployment.
Answer:
It refers to a situation where workers do not get regular employment.
Question 11. Define the public sector.
Answer:
It refers to those manufacturing units, which are owned by the government and are run with welfare motive.
Question 12. What is meant by organized sector?
Answer:
A sector that provides regular employment under the Factories Act and provides security of employment.
Question 13. What are final goods?
Answer:
Goods that are ready for consumption or for sale are called final goods.
Question 14. Define intermediate goods.
Answer:
Goods which help in the further production of goods are known as intermediate goods.
Question 15. What is meant by the tertiary sector?
Answer:
It is that sector which smoothens the working of primary and secondary sectors like banking, insurance, transport, etc. It is also known as the service sector.
Question 16. What is meant by the secondary sector?
Answer:
It is that sector, of the economy that covers activities in which natural products are changed into other firms through ways of manufacturing that we associate with industrial activity.
Question 17. What is meant by underemployment?
Answer:
It refers to a situation, where the whole of the working class is not fully employed.
Question 18. Define natural products.
Answer:
Those goods which are produced through biological processes such as farming products, dairy products, etc.
Question 19. Correct and arrange the important aspects for calculating GDP from this Jumble. To count, goods and services we add the numbers that are produced We count all those that were produced in the last five years. Since we shouldn’t leave anything we add up all these goods and services.
Answer:
Since we should not leave anything we add up all those goods and services. To correct goods and services we add the numbers that are produced. We count all those that were produced in five years.
Question 20. Imagine that you are the village head. In that capacity suggest some activities that you think should be taken up under this Act that would also increase the income of people. Discuss.
Answer:
In the capacity of a village head, the construction of a road connecting the village with the city should be taken up under this Act.
This activity would also increase the income of people as they will be employed in the construction activity. In addition to that, the city will become accessible to the village people.