Manav needs a loan to set up a small bus | 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 impact of globalisation has not been uniform.” Explain this statement.

Give a few examples of public sector activities and explain why the government
has taken them up.

In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?

How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given here.

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

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

Say True or False.

1. COPRA applies only to goods.
2. India is one of the many countries in the world which has exclusive courts for consumer redressal.
3. When a consumer feels that he has been exploited, he must file a case in the District Consumer Court.
4. It is worthwhile to move to consumer courts only if the damages incurred are of high value.
5. Hallmark is the certification maintained for standardisation of jewellry.
6. The consumer redressal process is very simple and quick.
7. A consumer has the right to get compensation depending on the degree of the damage.

Why do we need to expand formal sources of credit in India?

Match the following:

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