CBSE Class 10 Economics Question Bank

ECONOMICS QUESTION BA NK

CHAPTER-1- DEVELOPMENT

1 What is ‘Average Income’? 

2 “Development for one may be the destruction for the other”. Give an example to support the statement.

3 What is meant by sustainable development? 

4 What are renewable resources? Give Example. 

5 Give one main reason for low infant mortality rate in Kerala. 

6 Which of the neighbouring countries has better performance in terms of human development than India?

7 Explain with examples of certain factors other than income that are important aspects of our lives.

8 What is HDI? What are the criteria used by the Human Development Report published by UNDP to compare countries? 

9 Explain the terms- Average Income and National Income.

10 Describe any three public facilities needed for development. 

11 “Although averages are useful for comparing countries, they hide disparities”. Explain the meaning of this statement.

12 What is the main criterion used by World Bank in classifying different countries?

13 In what respects is the criterion used by the UNDP for measuring development different from the one used by the world Bank? Explain.

14 Explain the following terms:

1. IMR

2. Net Attendance Ratio

3. Life Expectancy at Birth

4. Per Capita Income

5. Literacy Rate 

CHAPTER- 2 SECTORS OF INDIAN ECONOMY

1 Define- GDP.

2 What does comprise the unorganized sector in rural areas?

3 Give an example of an economic activity. 

4 In which Sector are most of the people employed in India today?

5 State the basis on which the sectors of economy classified into public and private.

6 Why NREGA-2005 known as ‘Right to Work’? Explain. 

7 Explain why primary sector also known as agriculture and related sector with examples.

8 "Workers are exploited in unorganized sectors in India". Support the statement with suitable examples. 

9 Is it necessary to have the public sector? Elaborate your answer by examining the role of the Government.

10 What is Gross Domestic Product (GDP)? How do we count the various goods and services for calculating Gross Domestic Product? Explain with examples. 

11 How can more employment be created in rural areas? Explain with the help of four suitable examples

12 Mention any five advantages of working in an organised sector.

13 Study the data given in the table and answer the questions that follow:

CHAPTER-3 MONEY & CREDIT

1 How much percentage of bank deposits is kept as a cash reserve for daily transactions in Indian Banks?

2 Anand is using his money to buy assets like house, commercial land and machines. Write what is he actually doing?

3 Who was the founder of “Grameen Bank of Bangladesh”?

4 Why is the supervision of the functioning of formal sources of loans necessary?

5 Why do banks ask for collateral while giving credit to the borrower?1

6 Prove with an argument there is a great need to expand formal sources of credit in rural India.

7 Why are most of the poor households deprived from the formal sector of loans?

8 What are the modern forms of Currency?

9 What do you mean by the term ‘collateral’? Give examples. 

10 “Credit has its own unique role for development’. Justify the statement with arguments.

11 Study the table carefully and answer the questions that follow: Sources of Credit per Rs 1000 of Rural Households in India in 2012

1. Write two formal and two informal sources of credit.

2. Explain any two reasons as to why cooperative societies and banks need to lend more.

12 “Credit Helps as well as harms and pushes the farmers into a debt trap”. Explain with examples.

13 Give a brief account of working of Self help groups in India. Mention any two values we learn from its functioning. 

14 How can the formal sector loans be made beneficial for poor farmers and workers? Suggest any five measures. 

15 Compare and Contrast the conditions for taking loan from formal and informal sources. Suggest an alternative source that you think is best for the rural poor.

16 What do the banks do with the deposits which they accept from the public? Explain the mechanism involved in it.

CHAPTER-4- GLOBALISATION IN INDIAN ECONOMY

1 Which is the most common route for investment by MNCs in countries around the world?

2 What can be used to reduce foreign trade? 

3 What is Liberalization? 

4 Write short note on SEZ. 

5 Analyze the Impact of globalization. 

6 Chinese toys have taken over the Indian toy market due to globalization and promotion of international trade leading to huge losses to Indian toy manufacturers. Do you think the mantra of “Boycott and Swadeshi” would be of any help today? Why or why not?

7 Mention the reasons that forced Indian Government for putting barriers to foreign trade and foreign investment just after independence? Why the policy changed in 1991? 

8 Why are trade barriers imposed on the foreign trade and investment in a country? Explain with the help of two illustrations.

9 “The impact of globalization has not been uniform.” Demonstrate with the help of illustrations.

10 Write short note on WTO. 

11 “Rapid improvement in technology has been one major factor that has stimulated the globalization process”. Justify the statement with examples.

CHAPTER-5-CONSUMER RIGHTS

1 What is RTI? 

2 What is COPRA? When was it introduced? 

3 How will you justify that you are an alert consumer while buying a commodity from the market. Give two example/ situations to support you.

4 “Consumers are exploited in the marketplace in various ways”. Discuss with example.

5 What is the three-tier quasi-judicial machinery set up for redressal of consumer disputes? Mention their jurisdiction. 

6 Which logo will you like to see on the following items: pressure cooker, electric switch and bottled mineral water to be sure of its quality? 

7 COPRA has enabled the consumers to have the right to represent in the consumer courts. Explain with the help of an example how it benefits the consumers

8 Under what circumstances did the Consumer Movements start in India? Analyse its growth and effects on Indian Economy.

9 How will you justify that you are an alert consumer while buying a commodity from the market. Give two example/ situations to support you.

10 Critically examine the progress of consumer movement in India

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