Why do we need to expand formal sources | Class 10 Social Science - Understanding Economic Development Chapter Money and Credit, Money and Credit NCERT Solutions

The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.

(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words.

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

Why is the issue of sustainability important for development?

Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.

Critically examine the progress of the consumer movement in India?

“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer.

Analyse the role of credit for development.

Distinguish between open unemployment and disguised unemployment.

For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.

For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom.

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

Choose the most appropriate option.
(i) The past two decades of globalisation has seen rapid movements in
(a) goods, services and people between countries.
(b) goods, services and investments between countries.
(c) goods, investments and people between countries.

(ii) The most common route for investments by MNCs in countries around the world is to
(a) set up new factories.
(b) buy existing local companies.
(c) form partnerships with local companies.

(iii) Globalisation has led to an improvement in living conditions
(a) of all the people
(b) of people in developed countries
(c) of workers in the developing countries
(d) none of the above

What legal measures were taken by the government to empower the consumers in India?
 

How would flexibility in labour laws help companies?

What do you understand by globalisation? Explain in your own words.

What is the rationale behind the enactment of Consumer Protection Act 1986?

Describe some of your duties as consumers if you visit a shopping complex in your locality.

What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?

Why do we use averages? Are there any limitations to their use? Illustrate with
your own examples related to development.

Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?