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All questions of Class 10 NCERT Economics for BPSC (Bihar) Exam
Assertion : SHG is a formal source of credit.
Reason : It helps the borrower to overcome the problem of lack of collateral.
- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true and R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct
Correct answer is option 'D'. Can you explain this answer?
Assertion : SHG is a formal source of credit.
Reason : It helps the borrower to overcome the problem of lack of collateral.
Reason : It helps the borrower to overcome the problem of lack of collateral.
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true and R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct
|
Mira nambiar answered |
The assertion is that SHG (Self-Help Group) is a formal source of credit, while the reason given is that it helps the borrower to overcome the problem of lack of collateral. Let's evaluate whether both the assertion and reason are true and whether the reason explains the assertion correctly.
• Assertion: SHG is a formal source of credit.
This assertion is true as SHGs are registered under government schemes and are recognized as formal institutions.
• Reason: It helps the borrower to overcome the problem of lack of collateral.
This reason is also true as SHGs provide credit to their members based on mutual trust and cooperation, without requiring any collateral.
However, the reason given does not correctly explain the assertion. While it is true that SHGs help borrowers overcome the lack of collateral, this is not the only reason why SHGs are considered a formal source of credit. Other factors that make SHGs a formal source of credit include:
• SHGs are registered under government schemes and are recognized as formal institutions.
• SHGs follow a set of rules and regulations, maintain proper records, and undergo regular audits.
• SHGs provide credit to their members based on mutual trust and cooperation, and also offer other services such as savings, insurance, and entrepreneurship training.
Therefore, option D is the correct answer as the assertion is true, but the reason is not the correct explanation of the assertion.
• Assertion: SHG is a formal source of credit.
This assertion is true as SHGs are registered under government schemes and are recognized as formal institutions.
• Reason: It helps the borrower to overcome the problem of lack of collateral.
This reason is also true as SHGs provide credit to their members based on mutual trust and cooperation, without requiring any collateral.
However, the reason given does not correctly explain the assertion. While it is true that SHGs help borrowers overcome the lack of collateral, this is not the only reason why SHGs are considered a formal source of credit. Other factors that make SHGs a formal source of credit include:
• SHGs are registered under government schemes and are recognized as formal institutions.
• SHGs follow a set of rules and regulations, maintain proper records, and undergo regular audits.
• SHGs provide credit to their members based on mutual trust and cooperation, and also offer other services such as savings, insurance, and entrepreneurship training.
Therefore, option D is the correct answer as the assertion is true, but the reason is not the correct explanation of the assertion.
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Which of the following things money cannot buy?- a)Building
- b)Pollution free environment
- c)Flowers
- d)Books
Correct answer is option 'B'. Can you explain this answer?
Which of the following things money cannot buy?
a)
Building
b)
Pollution free environment
c)
Flowers
d)
Books
|
Pooja Shah answered |
Money cannot buy all the goods and services that a person may need to live well. Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. For example, normally, money cannot buy a pollution-free environment or ensure that a person gets unadulterated medicines, unless a person can afford to shift to a community that already has all these things. Money may also not be able to protect individual from infections, disease, unless the whole of our community takes preventive steps.
Can you explain the answer of this question below:Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for chapter Development, Class 10, SST. You can practice these practice quizzes as per your speed and improvise the topic.
Q.
The total income of the country divided by its total population is Called:
- A:
National income
- B:
Per capital income
- C:
Total income
- D:
None of these
The answer is B.
Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for chapter Development, Class 10, SST. You can practice these practice quizzes as per your speed and improvise the topic.
Q.
The total income of the country divided by its total population is Called:
National income
Per capital income
Total income
None of these
|
Neha Patel answered |
Per capita income or average income measures the average income (earned and unearned) per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
Which State in India has the lowest Infant Mortality Rate?- a)Maharashtra
- b)Goa
- c)Gujarat
- d)Kerala
Correct answer is 'D'. Can you explain this answer?
Which State in India has the lowest Infant Mortality Rate?
a)
Maharashtra
b)
Goa
c)
Gujarat
d)
Kerala
|
Ankita Basak answered |
Among the states, Goa and Manipur have the lowest Infant Mortality Rate (IMR) of 11, followed by Kerala with 12 deaths per 1,000 live births. Madhya Pradesh has the highest IMR of 59 per 1,000 live births followed by Uttar Pradesh and Odisha with 57 each.
Pick the odd one out:- a)Tiger
- b)Cow
- c)Lion
- d)Wolf
Correct answer is option 'B'. Can you explain this answer?
Pick the odd one out:
a)
Tiger
b)
Cow
c)
Lion
d)
Wolf
|
Shubham Basu answered |
The Odd One Out: Explanation
Introduction: The given options are Tiger, Cow, Lion, and Wolf. We need to identify the odd one out among these four options.
Tiger: Tiger is a wild animal that belongs to the cat family. It is known for its strength, speed, and agility. Tigers are carnivorous animals and they hunt other animals for food.
Cow: Cow is a domestic animal that is widely used for milk and meat production. It is considered as a sacred animal in India and is worshipped by Hindus.
Lion: Lion is a wild animal that belongs to the cat family. It is known for its majestic appearance and is referred to as the 'King of the Jungle'. Lions are carnivorous animals and they hunt other animals for food.
Wolf: Wolf is a wild animal that belongs to the dog family. It is known for its hunting skills and is often associated with howling at the moon. Wolves are carnivorous animals and they hunt other animals for food.
The Odd One Out: The odd one out among these four options is Cow. The reason for this is that Cow is the only domestic animal among the given options whereas the other three options are wild animals. Moreover, Cow is herbivorous and does not hunt other animals for food unlike the other three options which are carnivorous.
Conclusion: Therefore, the correct answer is option 'B' Cow, as it is the odd one out among the given options.
Introduction: The given options are Tiger, Cow, Lion, and Wolf. We need to identify the odd one out among these four options.
Tiger: Tiger is a wild animal that belongs to the cat family. It is known for its strength, speed, and agility. Tigers are carnivorous animals and they hunt other animals for food.
Cow: Cow is a domestic animal that is widely used for milk and meat production. It is considered as a sacred animal in India and is worshipped by Hindus.
Lion: Lion is a wild animal that belongs to the cat family. It is known for its majestic appearance and is referred to as the 'King of the Jungle'. Lions are carnivorous animals and they hunt other animals for food.
Wolf: Wolf is a wild animal that belongs to the dog family. It is known for its hunting skills and is often associated with howling at the moon. Wolves are carnivorous animals and they hunt other animals for food.
The Odd One Out: The odd one out among these four options is Cow. The reason for this is that Cow is the only domestic animal among the given options whereas the other three options are wild animals. Moreover, Cow is herbivorous and does not hunt other animals for food unlike the other three options which are carnivorous.
Conclusion: Therefore, the correct answer is option 'B' Cow, as it is the odd one out among the given options.
A substitute of cash and cheque is- a)credit card
- b)coin
- c)currency
- d)demand deposite
Correct answer is option 'A'. Can you explain this answer?
A substitute of cash and cheque is
a)
credit card
b)
coin
c)
currency
d)
demand deposite
|
Anita Menon answered |
There are many substitute to cash and cheques. Credit card: Cash paid to the bank after using it in advance through credit card. Debit Cards: Prepaid card used to transfer money but to limited amount with very low fees and reliable way.
Sustainable Development focuses on more use of - a)Renewable Resources
- b)Abiotic Resources
- c)Agricultural Resources
- d)Natural Resources
Correct answer is option 'A'. Can you explain this answer?
Sustainable Development focuses on more use of
a)
Renewable Resources
b)
Abiotic Resources
c)
Agricultural Resources
d)
Natural Resources
|
Raghav Bansal answered |
Sustainable development is a development that meets the needs of the present, without compromising the ability of future generations to meet their own needs.”
National Consumer Day is celebrated in India :- a)24 December
- b)25 December
- c)26 December
- d)27 December
Correct answer is option 'A'. Can you explain this answer?
National Consumer Day is celebrated in India :
a)
24 December
b)
25 December
c)
26 December
d)
27 December
|
Krishna Iyer answered |
Every year, 24th of December is observed as National Consumer Day in India. The theme of 2019 is “Alternate consumer grievance/dispute redressal”. On this day the Consumer Protection Act, 1986 had received the assent of the President and came into effect.
ATM is an example of- a)primary sector
- b)secondary sector
- c)tertiary sector
- d)all of these
Correct answer is option 'C'. Can you explain this answer?
ATM is an example of
a)
primary sector
b)
secondary sector
c)
tertiary sector
d)
all of these
|
|
Rohit Sharma answered |
ATM is an example of tertiary sector which is also known as service sector. ATM is a machine whose full name is Automated Teller Machine. It was invented in 1960 by John Shepherd - Barron.
Assertion: World Bank has classified countries into rich and low income based on per capita income.
Reason: Per capita income is the only attribute to measure the level of development for a nation or a state- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true and R is the not correct explanation of A
- c)A is correct but R is wrong.
- d) A is wrong but R is correct
Correct answer is option 'C'. Can you explain this answer?
Assertion: World Bank has classified countries into rich and low income based on per capita income.
Reason: Per capita income is the only attribute to measure the level of development for a nation or a state
Reason: Per capita income is the only attribute to measure the level of development for a nation or a state
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true and R is the not correct explanation of A
c)
A is correct but R is wrong.
d)
A is wrong but R is correct
|
|
Pooja Shah answered |
For comparing the developmental level of different countries, their income is considered to be one of the most important attributes. The countries with higher income are more developed than others with less income. For comparison between countries, we consider the per capita income of each country. In World Development Report, countries are recognised as rich country and low-income country according to their per capita Income. With more income, people Will be able to get more things they need. So, greater income itself is considered to be an important criterion for the development of a country. But other attributes are also there like High per capita income,Low incidence of poverty,High standard of living,Narrow income inequalities, Low growth rate of population, Low level of unemployment and Infrastructural capabilities are present to measure level of development.
Rapid Integration or interconnection between countries is known as:- a)Privatisation
- b)Globalisation
- c)Liberalisation
- d)Socialisation
Correct answer is option 'B'. Can you explain this answer?
Rapid Integration or interconnection between countries is known as:
a)
Privatisation
b)
Globalisation
c)
Liberalisation
d)
Socialisation
|
|
Shreya Seth answered |
Correct answer is option B that is Globalisation .
Because more and more goods and services , investments and technology are moving between countries.
there is one more way in which the countries can be connected . This is through the movement of people between countries. MNCs are playing major role in globalisation process .
Because more and more goods and services , investments and technology are moving between countries.
there is one more way in which the countries can be connected . This is through the movement of people between countries. MNCs are playing major role in globalisation process .
Kerala has low infant Mortality Rate because:- a)it has good climate condition
- b)it has adequate infrastructure
- c)it has adequate provision of basic health and educational facilities
- d)it has poor net attendance ratio
Correct answer is option 'C'. Can you explain this answer?
Kerala has low infant Mortality Rate because:
a)
it has good climate condition
b)
it has adequate infrastructure
c)
it has adequate provision of basic health and educational facilities
d)
it has poor net attendance ratio
|
Vikram Kapoor answered |
Kerala has low infant mortality rate because it mainly concentrates on human resource development. It has also made many provisions on developing the quality of education and medical facilities.
Globalisation has led to an improvement in living conditions:- a)of all the people
- b)of workers in the developing countries
- c)of people in developed countries
- d)none of the above.
Correct answer is option 'C'. Can you explain this answer?
Globalisation has led to an improvement in living conditions:
a)
of all the people
b)
of workers in the developing countries
c)
of people in developed countries
d)
none of the above.
|
|
Krishna Iyer answered |
- With the technological advancements and setting up of multi-national companies in different states, new jobs have sprung up for many people and the living conditions are getting better with the introduction of new products in the market.
- They provide a great source for boosting up economies, global transport, etc.
- The interconnection between the economies gets a way lot easier.
Can you explain the answer of this question below:Which country among the following is a developing country?
- A:
India
- B:
Japan
- C:
France
- D:
Sweden
The answer is a.
Which country among the following is a developing country?
India
Japan
France
Sweden
|
|
Niyati nayar answered |
Introduction:
The question asks which among the given countries is a developing country.
Explanation:
Out of the given options, India is a developing country. Here's why:
- Developing countries are those which are still in the process of development and have a lower level of economic development as compared to developed countries.
- India is still developing and has a lower level of economic development as compared to developed countries like Japan, France, and Sweden.
- India has a large population, a diverse economy, and many social and economic challenges that it is still working to overcome.
- India's gross domestic product (GDP) per capita is also lower than that of developed countries, indicating a lower level of economic development.
Conclusion:
In conclusion, India is a developing country out of the given options. It is still in the process of development and has a lower level of economic development as compared to developed countries like Japan, France, and Sweden.
The question asks which among the given countries is a developing country.
Explanation:
Out of the given options, India is a developing country. Here's why:
- Developing countries are those which are still in the process of development and have a lower level of economic development as compared to developed countries.
- India is still developing and has a lower level of economic development as compared to developed countries like Japan, France, and Sweden.
- India has a large population, a diverse economy, and many social and economic challenges that it is still working to overcome.
- India's gross domestic product (GDP) per capita is also lower than that of developed countries, indicating a lower level of economic development.
Conclusion:
In conclusion, India is a developing country out of the given options. It is still in the process of development and has a lower level of economic development as compared to developed countries like Japan, France, and Sweden.
Per capita income of low-income countries is
- a)$ 742
- b)$ 995 or less
- c)$ 500
- d)$1,045 or less
Correct answer is option 'B'. Can you explain this answer?
Per capita income of low-income countries is
a)
$ 742
b)
$ 995 or less
c)
$ 500
d)
$1,045 or less
|
|
Amit Kumar answered |
According to the World Bank's classification of countries by income level, countries with a per capita income of US$955 or less are considered low-income countries.
So the correct option is b. 955
So the correct option is b. 955
Barter system is based on- a)double coincidence of wants
- b)single coincidence of wants
- c)Both (a) and (b)
- d)none of these
Correct answer is option 'A'. Can you explain this answer?
Barter system is based on
a)
double coincidence of wants
b)
single coincidence of wants
c)
Both (a) and (b)
d)
none of these
|
|
Lêmøñ Lëmôñ answered |
¶¶¶→→ᴛʜᴇ ᴄᴏɪɴᴄɪᴅᴇɴᴄᴇ ᴏғ ᴡᴀɴᴛs (ᴏғᴛᴇɴ ᴋɴᴏᴡɴ ᴀs ᴅᴏᴜʙʟᴇ ᴄᴏɪɴᴄɪᴅᴇɴᴄᴇ ᴏғ ᴡᴀɴᴛs) ɪs ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴘʜᴇɴᴏᴍᴇɴᴏɴ ᴡʜᴇʀᴇ ᴛᴡᴏ ᴘᴀʀᴛɪᴇs, ᴇᴀᴄʜ ʜᴏʟᴅ ᴀɴ ɪᴛᴇᴍ ᴛʜᴇ ᴏᴛʜᴇʀ ᴡᴀɴᴛs, sᴏ ᴛʜᴇʏ ᴇxᴄʜᴀɴɢᴇ ᴛʜᴇsᴇ ɪᴛᴇᴍs ᴅɪʀᴇᴄᴛʟʏ ᴡɪᴛʜᴏᴜᴛ ᴀɴʏ ᴍᴏɴᴇᴛᴀʀʏ ᴍᴇᴅɪᴜᴍ.....¶¶¶
Name the court to which a consumer can approach, having a claim of Rs. 40 lakhs- a)National Consumer Court
- b)State Consumer Court
- c)District Consumer Court
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
Name the court to which a consumer can approach, having a claim of Rs. 40 lakhs
a)
National Consumer Court
b)
State Consumer Court
c)
District Consumer Court
d)
None of the above
|
Arpita Nambiar answered |
The correct court to which a consumer can approach with a claim of Rs. 40 lakhs is the State Consumer Court.
Explanation:
The Consumer Protection Act, 2019 provides for the establishment of three-tier consumer dispute redressal mechanism:
1. District Consumer Disputes Redressal Commission at the district level
2. State Consumer Disputes Redressal Commission at the state level
3. National Consumer Disputes Redressal Commission at the national level
The jurisdiction of these courts is determined by the value of the claim:
1. District Consumer Disputes Redressal Commission: Up to Rs. 20 lakhs
2. State Consumer Disputes Redressal Commission: Between Rs. 20 lakhs and Rs. 1 crore
3. National Consumer Disputes Redressal Commission: Above Rs. 1 crore
Therefore, in the given scenario, since the claim amount is Rs. 40 lakhs, the appropriate court for the consumer to approach would be the State Consumer Disputes Redressal Commission.
Explanation:
The Consumer Protection Act, 2019 provides for the establishment of three-tier consumer dispute redressal mechanism:
1. District Consumer Disputes Redressal Commission at the district level
2. State Consumer Disputes Redressal Commission at the state level
3. National Consumer Disputes Redressal Commission at the national level
The jurisdiction of these courts is determined by the value of the claim:
1. District Consumer Disputes Redressal Commission: Up to Rs. 20 lakhs
2. State Consumer Disputes Redressal Commission: Between Rs. 20 lakhs and Rs. 1 crore
3. National Consumer Disputes Redressal Commission: Above Rs. 1 crore
Therefore, in the given scenario, since the claim amount is Rs. 40 lakhs, the appropriate court for the consumer to approach would be the State Consumer Disputes Redressal Commission.
Which is not a function of PDS ?- a)Control Hoarding
- b)Control Prices
- c)Control over charging
- d)Consumer Redressal
Correct answer is option 'D'. Can you explain this answer?
a)
Control Hoarding
b)
Control Prices
c)
Control over charging
d)
Consumer Redressal
|
|
Kiran Mehta answered |
The consumer redressal is the right given to the consumer to meet the consumer court regarding any wrong practises done by the producers such as adulteration which affect human health and hence it is a right given to consumers as a result it is not the function of the public distribution system(PDS).The public distribution system helps in the distribution of food grains from the Godowns to rationshops.
Assertion : Barter system has limitation of double coincidence of wants.
Reason: Money removes the problem of double coincidence of wants.- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true but R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct.
Correct answer is option 'A'. Can you explain this answer?
Assertion : Barter system has limitation of double coincidence of wants.
Reason: Money removes the problem of double coincidence of wants.
Reason: Money removes the problem of double coincidence of wants.
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true but R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct.
|
|
Aditya Shah answered |
We know that in barter system there is a coincident to get a person who want a thing in exchange of what whereas the modern form of money is required by all for the simple exchange between two peoples done for the goods and money as money is required by all for getting goods what they want in exchange of money ,money plays an important role to remove that double coincidence of want such as in barter system.
Assertion: The modern currency is without any use of its own.
Reason: Money in India is printed and circulated by RBI.- a)Both A and R are true and R is the correct explanation of A .
- b)Both A and R are true but R is not the correct explanation of A.
- c)A is correct but R is wrong.
- d)A is wrong but R is correct
Correct answer is option 'B'. Can you explain this answer?
Assertion: The modern currency is without any use of its own.
Reason: Money in India is printed and circulated by RBI.
Reason: Money in India is printed and circulated by RBI.
a)
Both A and R are true and R is the correct explanation of A .
b)
Both A and R are true but R is not the correct explanation of A.
c)
A is correct but R is wrong.
d)
A is wrong but R is correct
|
|
Amit Kumar answered |
The modern currency is without any use of its own because it is not made of precious metals such as gold or silver but included paper notes or coins. It is actually used as a medium of exchange in order to buy or sell something. so reason given is incorrect that Money in India is printed and circulated by RBI.
Liberalisation is..............- a)more trade
- b)removing barriers or restrictions set by the government
- c)checking barriers by the government
- d)help by the government
Correct answer is option 'B'. Can you explain this answer?
Liberalisation is..............
a)
more trade
b)
removing barriers or restrictions set by the government
c)
checking barriers by the government
d)
help by the government
|
|
your frnd... answered |
Liberalisation is the process or means of the elimination of the control of the state over economic activities. It provides greater autonomy to the business enterprises in decision-making and eliminates government interference.
Which one of the following is a modern form of currency?- a)Gold
- b)Silver
- c)Copper
- d)Paper notes
Correct answer is option 'D'. Can you explain this answer?
Which one of the following is a modern form of currency?
a)
Gold
b)
Silver
c)
Copper
d)
Paper notes
|
|
Aditya Shah answered |
Modern forms of money include currency — paper notes and coins.
Assertion: Different persons can have different developmental goals.
Reason: World Bank classify countries on the basis of per capita income- a)Both A and R are true and R is the correct explanation of A
- b)A is correct but R is wrong
- c)Both A and R are true but R is not the correct explanation of A
- d)A is wrong but R is correct
Correct answer is option 'C'. Can you explain this answer?
Assertion: Different persons can have different developmental goals.
Reason: World Bank classify countries on the basis of per capita income
Reason: World Bank classify countries on the basis of per capita income
a)
Both A and R are true and R is the correct explanation of A
b)
A is correct but R is wrong
c)
Both A and R are true but R is not the correct explanation of A
d)
A is wrong but R is correct
|
|
Avinash Patel answered |
Different persons have different developmental goals because different people live in totally different environments. The kind of environment that they live in governs their needs and aspirations.
Clearly, the Reason that is given in the question doesn't justify the Assertion. Hence, the correct answer is option (C).
Service is- a)tangible
- b)intangible
- c)both (a) and (b)
- d)physical Product
Correct answer is option 'C'. Can you explain this answer?
Service is
a)
tangible
b)
intangible
c)
both (a) and (b)
d)
physical Product
|
|
Yashika Singh answered |
Intangible products and services include things like insurance policies, tax preparation services and cell phone service contracts.
as i think option(b) is correct.
hope it will help u:)
Which one of the following is not a modem form of money?- a)Currency
- b)Paper notes
- c)Coins
- d)Gold
Correct answer is option 'D'. Can you explain this answer?
Which one of the following is not a modem form of money?
a)
Currency
b)
Paper notes
c)
Coins
d)
Gold
|
|
Priyanshu Kumar answered |
*Modern forms of money include currency — paper notes and coins.
*Unlike the things that were used as money earlier, modern currency is not made of precious metals such as gold, silver, and copper.
* Hence option" D" is correct
*Unlike the things that were used as money earlier, modern currency is not made of precious metals such as gold, silver, and copper.
* Hence option" D" is correct
Globalisation will result in- a)more competition among producers
- b)less competition among producers
- c)no change in competition among producers
- d)none of the above
Correct answer is option 'A'. Can you explain this answer?
Globalisation will result in
a)
more competition among producers
b)
less competition among producers
c)
no change in competition among producers
d)
none of the above
|
|
Amol srinivasan answered |
Explanation:
Globalisation refers to the integration of economies, societies and cultures of different countries. It has a profound impact on the competition among producers. The correct answer to the given question is option 'A' i.e. more competition among producers. Let's understand why:
Reasons:
1. Increased market size: Globalisation increases the market size for producers as they can now sell their products to customers all over the world. This leads to more competition among producers as they are all vying for the same customers.
2. Lower trade barriers: Globalisation leads to the reduction of trade barriers between countries. Producers can now import and export goods more easily, which increases competition among producers as they are now competing with producers from other countries.
3. Advancements in technology: Globalisation has led to advancements in technology, which has made it easier for producers to produce and sell goods. This has increased competition among producers as they are now able to produce goods more efficiently and at a lower cost.
4. Increased access to capital: Globalisation has led to an increase in access to capital for producers. This has enabled them to invest in research and development, which has led to the creation of new and innovative products. This has increased competition among producers as they are now competing with producers who have access to the latest technology.
Conclusion:
In conclusion, globalisation has resulted in more competition among producers. This competition has led to innovations in products, lower prices for consumers and increased efficiency in production. However, it has also led to job losses in some sectors and increased inequality.
Globalisation refers to the integration of economies, societies and cultures of different countries. It has a profound impact on the competition among producers. The correct answer to the given question is option 'A' i.e. more competition among producers. Let's understand why:
Reasons:
1. Increased market size: Globalisation increases the market size for producers as they can now sell their products to customers all over the world. This leads to more competition among producers as they are all vying for the same customers.
2. Lower trade barriers: Globalisation leads to the reduction of trade barriers between countries. Producers can now import and export goods more easily, which increases competition among producers as they are now competing with producers from other countries.
3. Advancements in technology: Globalisation has led to advancements in technology, which has made it easier for producers to produce and sell goods. This has increased competition among producers as they are now able to produce goods more efficiently and at a lower cost.
4. Increased access to capital: Globalisation has led to an increase in access to capital for producers. This has enabled them to invest in research and development, which has led to the creation of new and innovative products. This has increased competition among producers as they are now competing with producers who have access to the latest technology.
Conclusion:
In conclusion, globalisation has resulted in more competition among producers. This competition has led to innovations in products, lower prices for consumers and increased efficiency in production. However, it has also led to job losses in some sectors and increased inequality.
Which one of the following Indian industries has been hit hard by globalisation?- a)Information Technology (IT)
- b)Toy making
- c)Jute
- d)Cement
Correct answer is option 'B'. Can you explain this answer?
Which one of the following Indian industries has been hit hard by globalisation?
a)
Information Technology (IT)
b)
Toy making
c)
Jute
d)
Cement
|
|
Harshali Chavan answered |
Ans is b
becoz of imports choices increases and if the import tax is less very often price will be more less and affordable
so ,the demand for domestic market goods will fall .
u can refer ncert eco book
ex ;of China's toys.
becoz of imports choices increases and if the import tax is less very often price will be more less and affordable
so ,the demand for domestic market goods will fall .
u can refer ncert eco book
ex ;of China's toys.
World Consumer Rights Day is celebrated on ?- a)5 March
- b)10 March
- c)15 March
- d)20 March
Correct answer is option 'C'. Can you explain this answer?
a)
5 March
b)
10 March
c)
15 March
d)
20 March
|
Shipra Rekha Acharya answered |
The consumer movement marks 15th March with World Consumer Rights Day every year, as a means of raising global awareness about consumer rights and needs.
Assertion: Money act as a medium of exchange.
Reason: Law legalizes the use of money as a medium of exchange. - a)Both A and R are true and R is the correct explanation of A.
- b)Both A and R are true but R is not the correct explanation of A.
- c)A is correct but R is wrong
- d)A is wrong but R is correct
Correct answer is option 'A'. Can you explain this answer?
Assertion: Money act as a medium of exchange.
Reason: Law legalizes the use of money as a medium of exchange.
Reason: Law legalizes the use of money as a medium of exchange.
a)
Both A and R are true and R is the correct explanation of A.
b)
Both A and R are true but R is not the correct explanation of A.
c)
A is correct but R is wrong
d)
A is wrong but R is correct
|
|
Radha Iyer answered |
Money helps to facilitate trade because people in the economy generally recognize it as valuable. Money is called medium of exchange because money is a widely accepted token that can be used for exchange of any good or service and law legalizes the use of money as a medium of exchange so this is the correct reason.
Which of the following is correct about an MNC ?
- a)Multi-national corporation
- b)Multi-national company
- c)Multistate corporation
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
Which of the following is correct about an MNC ?
a)
Multi-national corporation
b)
Multi-national company
c)
Multistate corporation
d)
None of the above
|
|
Amit Kumar answered |
MNC stands for Multinational Corporation. It refers to a company which is operating in two or more countries and managed from one country where it is headquartered. It is also called as multinational enterprise (MNE), stateless corporation or transnational corporation. An MNC may have its offices and factories in different countries, but its head office or headquarter is usually located in the country of origin.
Consumer Protection Act (COPRA) was enacted by Indian Government in :- a)1983
- b)1986
- c)1985
- d)1988
Correct answer is option 'B'. Can you explain this answer?
Consumer Protection Act (COPRA) was enacted by Indian Government in :
a)
1983
b)
1986
c)
1985
d)
1988
|
|
Arun Sharma answered |
In order to protect the consumers from exploitation and to save them from adulterated and substandard goods and deficient services the Consumer Protection Act came into force on 15th April, 1986 and it applies to the whole of India except the State of Jammu and Kashmir.
Assertion: Multinational companies help in the growth of local companies.
Reason: The activities of MNCs like research manufacturing, customer care services are spread over many countries.
- a)Both A and R are true and R is the correct explanation of A
- b)A is correct but R is wrong
- c)Both A and R are true but R is not the correct explanation of A
- d)A is wrong but R is correct
Correct answer is option 'C'. Can you explain this answer?
Assertion: Multinational companies help in the growth of local companies.
Reason: The activities of MNCs like research manufacturing, customer care services are spread over many countries.
Reason: The activities of MNCs like research manufacturing, customer care services are spread over many countries.
a)
Both A and R are true and R is the correct explanation of A
b)
A is correct but R is wrong
c)
Both A and R are true but R is not the correct explanation of A
d)
A is wrong but R is correct
|
|
Pooja Shah answered |
Multinational companies may help and invest in the local companies giving them another dimension to expand. However, possible reason cannot be the spread of services in many countries because it may just exploit the available labor force.
BMI (Body Mass Index) is a method of finding out which of the following?- a)Infant mortality
- b)Health status
- c)Longevity
- d)Economic status
Correct answer is option 'B'. Can you explain this answer?
BMI (Body Mass Index) is a method of finding out which of the following?
a)
Infant mortality
b)
Health status
c)
Longevity
d)
Economic status
|
|
Deepak gupta answered |
Other than the above features, there is High incidence of poverty, rapid population growth and technological backwardness too.
Removing barriers or restrictions set by the government is called:- a)Liberalisation
- b)Investment
- c)Fovonrable trade
- d)Free trade
Correct answer is option 'A'. Can you explain this answer?
Removing barriers or restrictions set by the government is called:
a)
Liberalisation
b)
Investment
c)
Fovonrable trade
d)
Free trade
|
|
Meera Rana answered |
The removing barriers or restrictions set by the government is called liberalization.
Which among the following authorities issues currency notes on behalf of the government?- a)Government of India
- b)The State Bank of India
- c)National Bank for Agriculture and Rural Development
- d)Reserve Bank of India
Correct answer is option 'D'. Can you explain this answer?
Which among the following authorities issues currency notes on behalf of the government?
a)
Government of India
b)
The State Bank of India
c)
National Bank for Agriculture and Rural Development
d)
Reserve Bank of India
|
|
Amit Sharma answered |
The Reserve Bank Of India (RBI) issues currency notes on behalf of the central govt.
ISO stands for :
- a)International Organization for Standardization
- b)International Standards Organization
- c)International School Organisation
- d)International Standardisation
Correct answer is option 'A'. Can you explain this answer?
ISO stands for :
a)
International Organization for Standardization
b)
International Standards Organization
c)
International School Organisation
d)
International Standardisation
|
|
Raghav Bansal answered |
ISO stands for International Organization for Standardization which is an international standard-setting body composed of representatives from various national standards organizations.
Can you explain the answer of this question below:Human Development Index compares countries based on which of the following levels of the people?
- A:
Educational level
- B:
Health status
- C:
Per capita Income
- D:
All the above
The answer is D.
Human Development Index compares countries based on which of the following levels of the people?
Educational level
Health status
Per capita Income
All the above
|
|
Ananya Das answered |
The Human Development Index (HDI) is a composite statistic (composite index) of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores higher HDI when the lifespan is higher, the education level is higher, and the GDP per capita is higher. The HDI was developed by Pakistani economist Mahbub ul Haq for the UNDP.
The classical view of economic development includes- a)Per capita income
- b)National Income
- c)both (a) and (b)
- d)none of these
Correct answer is option 'A'. Can you explain this answer?
The classical view of economic development includes
a)
Per capita income
b)
National Income
c)
both (a) and (b)
d)
none of these
|
|
Rohit Sharma answered |
Classical view of economic development includes per capita income.
Assertion: For comparing countries, total income is not a useful measure.
Reason: Different countries have different population- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true but R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct
Correct answer is option 'A'. Can you explain this answer?
Assertion: For comparing countries, total income is not a useful measure.
Reason: Different countries have different population
Reason: Different countries have different population
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true but R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct
|
|
Meera Rana answered |
A option is correct as the country with less population has high per capita income even if the total income is less and highly populated countries has low per capita income even if the total income is high.
Money is a measure of
- a)Value
- b)Currency
- c)Transfer
- d)All of these
Correct answer is option 'A'. Can you explain this answer?
Money is a measure of
a)
Value
b)
Currency
c)
Transfer
d)
All of these
|
|
Pooja Shah answered |
Money serves four basic functions: it is a unit of account, it's a store of value, it is a medium of exchange and finally, it is a standard of deferred payment.We consider money as a measure of currency.
Pick odd one out :- a)Right to safety
- b)Right to life
- c)Right to consumer education
- d)Right to representation
Correct answer is option 'B'. Can you explain this answer?
a)
Right to safety
b)
Right to life
c)
Right to consumer education
d)
Right to representation
|
|
Amit Kumar answered |
Of all the available fundamental rights, the most fundamental is the Right to Life. . Article 21 guarantees the protection of life and personal liberty to every individual and states that, "No person shall be deprived of his life and personal liberty except according to procedure established by law.
MCQ (Multiple Choice Questions) for Practice with Solutions of Chapter "Consumer Rights" of Economics (Understanding Economic Development) of Class 10 SST (Social Science Studies) Q. A consumer :- a)Sells goods and services
- b)Buy goods and services
- c)Produces goods and services
- d)Delivers goods and services
Correct answer is option 'B'. Can you explain this answer?
MCQ (Multiple Choice Questions) for Practice with Solutions of Chapter "Consumer Rights" of Economics (Understanding Economic Development) of Class 10 SST (Social Science Studies)
Q. A consumer :
a)
Sells goods and services
b)
Buy goods and services
c)
Produces goods and services
d)
Delivers goods and services
|
|
Pooja Shah answered |
The consumer is the one who pays something to consume goods and services produced. As such, consumers play a vital role in theeconomic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers. The consumer also forms part of the chain of distribution.
The sectors are classified into public and private sector on the basis of:- a)Employment conditions
- b)The nature of economic activities
- c)Number of workers employed
- d)Ownership of enterprises
Correct answer is option 'D'. Can you explain this answer?
The sectors are classified into public and private sector on the basis of:
a)
Employment conditions
b)
The nature of economic activities
c)
Number of workers employed
d)
Ownership of enterprises
|
|
Radha Iyer answered |
Industries in the public sector are owned by the government while those in the private sector are owned by entrepreneurs.
In 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 individual or companies.
In 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 individual or companies.
Which of the following is True with reference to money
(i) It acts as medium of exchange.
(ii) It includes paper notes, coins and demand deposits- a)Both (i) and (ii) are true
- b)(i) is true (ii) is false
- c)Both (i) and (ii) are false
- d)(ii) is true (i) is false
Correct answer is option 'A'. Can you explain this answer?
Which of the following is True with reference to money
(i) It acts as medium of exchange.
(ii) It includes paper notes, coins and demand deposits
(i) It acts as medium of exchange.
(ii) It includes paper notes, coins and demand deposits
a)
Both (i) and (ii) are true
b)
(i) is true (ii) is false
c)
Both (i) and (ii) are false
d)
(ii) is true (i) is false
|
|
Priyanshu Intelligent answered |
Money acts as a medium of exchange.
For example - we gave money to shopkeeper and in return they gave us food items, clothes, etc .
Money are printed in form of paper notes and coins and also in DD.
Therefore, option A) is correct answer.
Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true but R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct
Correct answer is option 'D'. Can you explain this answer?
Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.
Reason: The policy of globalisation and liberalisation has removed trade barriers.
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true but R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct
|
Shreya Kasaudhan answered |
Development of a country can generally be determined by its:- a)Per capita income
- b)Average literacy level
- c)Health status of its people
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
Development of a country can generally be determined by its:
a)
Per capita income
b)
Average literacy level
c)
Health status of its people
d)
All of these
|
Ishan Choudhury answered |
Development of a country can be measured by any of these parameters. Throughout the world, health and education indicators along with income are used as a measure of development. Hence all 3 are parameter that determine the development level of a country.
Hence, The correct answer is D.
Hence, The correct answer is D.
COPRA stands for :- a)Consumer Protection Act
- b)Consumer Prevention Act
- c)Consumer Police Act
- d)Consumer Power Act
Correct answer is option 'A'. Can you explain this answer?
a)
Consumer Protection Act
b)
Consumer Prevention Act
c)
Consumer Police Act
d)
Consumer Power Act
|
|
Rahul Kapoor answered |
COPRA stands for Consumer Protection Act
Which one of the following was the main aim to form ‘World Trade Organisation’ ?- a)To liberalise international trade
- b)To promote trade of rich countries
- c)To promote poor countries
- d)To promote bilateral trade
Correct answer is option 'A'. Can you explain this answer?
Which one of the following was the main aim to form ‘World Trade Organisation’ ?
a)
To liberalise international trade
b)
To promote trade of rich countries
c)
To promote poor countries
d)
To promote bilateral trade
|
Sonika Attitdejaatni answered |
(i)
WTO deals with the regulation of trade between participating countries. (ii)
WTO provides a forum for negotiations and for settling disputes. (iii) It is also a center of economic research and analysis. (iv) It is an organization that intends to supervise and liberalize international trade.
Chapter doubts & questions for Class 10 NCERT Economics - Indian Economy for State PSC Exams 2024 is part of BPSC (Bihar) exam preparation. The chapters have been prepared according to the BPSC (Bihar) exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for BPSC (Bihar) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.
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Indian Economy for State PSC Exams
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