What are the reasons why the banks might | 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.

The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples.

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 are the various ways in which MNCs set up, or control, production in other countries?

How has liberalisation of trade and investment policies helped the globalisation process?

Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.

Fill in the blanks.
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _____________. While consumers have more choices in the market, the effect of rising _______________ and ______________has meant greater ________________among the producers.

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

By what means can the consumers express their solidarity?

How do banks mediate between those who have surplus money and those who need money?

Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?