CBSE Class 10 Economics Sectors Of Indian Economy Worksheet Set 06

Questions and Answers

Question. How does government support both farmers and consumers?
Answer. Government purchase at minimum support price from the farmers to distribute it at lower price through public distribution system.

Question. Neeraja works as a researcher in an Institution. While collecting data she could not classify the working sector of following people. Help her to do the classification with valid reasons.

A. Yogesh works as lawyer.
Answer.  Service Sector

B. Shyam Lai verma runs a dairy.
Answer.  Primary Sector

C. Parmod is an Engineer and works in Industrial sector.
Answer. Secondary Sector

Question. What is MGNREGA stand for? When was it implemented?
Answer. Mahatma Gandhi National Employment Guarantee Act- 2005 (MGNREGA - 2005)

Question. Why is Tertiary sector also called the service sector?
Answer. Service is provided

Question. What are the main objectives of Private Sector?
Answer. To make profit

Question. How does development of primary and secondary sector demand for services?
Answer. Growth of Agriculture and Industries demand for the development of trade, transportation and storage. More the development of primary and secondary sector more will be the demand of service sector.

Question. What does Underemployment mean?
Answer. When more than required persons are involved in the process of production.

Question. What are the main objectives of Public Sector?
Answer. Public Welfare

Question. Fill in the blanks-
........ sector forms the base for all other products.
Answer. Primary Sector

 Question. lqbal along with five other members of his family worked as a farmer and produced 50 lakhs tons wheat. Due to some dispute in family two members opted out family business, but still they are able to produce 50 lakh tons Wheat. Can you name such kind of unemployment?
Answer. Disguised unemployment

Question. Write true or false for the statement given below-
Suger mill Industry comes under primary sector.
Answer.  False

Question. Rewrite the statement after correcting the underlined word-
Work of Cobbler is considered under Primary sector.
Answer. Work of Cobbler is considered under Secondary sector.

Question. Ramesh is getting Paid leaves with fixed hours of working. In which sector is he working organised sector or unorganized sector?
Answer. Organized

Question. Which activity continued to prove largest employer between between 1973 to 2013?
Answer.  Agriculture

Question. Choose the correct option for the statement given below-
Contribution of which sector is the largest in GDP?
(a) Primary Sector
(B) Secondary sector
(c) Tertiary sector
(d) None of these
Answer.  (a) Primary Sector

Question. An assertion (A) and its reason (B) is given below. Read the following statements and choose the right answer from the options given below.
Assertion (A): The main aim of Mahatma Gandhi National Employment Act 2005 is to generate employment in urban areas.
Reasoning (R): According to its provision a minimum of 100 days employment per year is ensured.
(a) Both A and R are correct and R is the correct explanation of A
(b) Both A and R are correct but R is the not the correct explanation of A
(c) A is correct but R is wrong
(d) A is wrong but R is correct
Answer.  (d) A is wrong but R is correct

Question. An assertion (A) and its reason (B) is given below. Read the following statements and choose the right answer from the options given below.
Assertion (A): The activities of fishing come under Primary sector.
Reasoning (R): Fishing depends directly upon natural resources.
(a) Both A and R are correct and R is the correct explanation of A
(b) Both A and R are correct but R is the not the correct explanation of A
(c) A is correct but R is wrong
(d) A is wrong but R is correct
Answer. (a) Both A and R are correct and R is the correct explanation of A

Source Based Question

Read the extracts and answer the following questions
Another way of classifying economic activities into sectors could be on the basis of who owns assets and is responsible for the delivery of services. In the public sector, the government owns most of the assets and provides all the services. In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Railways or post office is an example of the public sector whereas companies like Tata Iron and Steel Company Limited (TISCO) or Reliance Industries Limited (RIL) are privately owned. Activities in the private sector are guided by the motive to earn profits. To get such services we have to pay money to these individuals and companies. The purpose of the public sector
is not just to earn profits. Governments raise money through taxes and other ways to meet expenses on the services.

Question. What is the basis of categorizing companies into Public or Private sector unit?
Answer. (a) On the basis of Assets

Question. Which type of unit is Railways in terms of ownership and why?
Answer. Public

Question. Name any one Private sector unit and state why it is called so?
Answer. Reliance