Assertion: Secondary sector gradually became the most important in total production and employment
Reason: New methods of manufacturing were introduced, factories came up and started expanding
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Which of these can be considered as basic services?
1. Telegraph services
2. Police stations
3. Municipal corporations
Choose from the following options.
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Assertion: Workers in agricultural sector are underemployed
Reason: Workers in agriculture are not producing as much as they could
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Consider the following statements about National Rural Employment Guarantee Act 2005 (NREGA 2005).
1. Under NREGA 2005, all those who are able to, and are in need of, work are guaranteed 100 days of employment in a year by the government
2. If the government fails in its duty to provide employment, it will give unemployment allowances to the people
3. The types of work that would in future help to increase the production from land will be given preference under the Act
Which of the statements is/are correct?
Which of the following are the features of the unorganised sector?
1. Small and scattered units which are largely outside the control of the government
2. There are rules and regulations but these are not followed
3. People may not be employed by anyone but may work on their own but they too have to register themselves with the government
4. People can be asked to leave without any reason
Choose from the following options.
Consider the following statements
1. The Reserve Bank of India supervises the functioning of formal sources of loans
2. Securities and exchange Board of India (SEBI) supervises The functioning of informal sources of loans
Which of the statements is/are not correct?
Assertion: Many borrowers find themselves in the Debt trap due to the informal source of loan
Reason: The cost to the borrower of informal loans is much higher
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Consider the following statements.
1. The percentage of the loans taken by poor households in the urban areas from informal sources are much more than the percentage of the loans taken by rich households in the urban areas from informal sources
2. The rich households are availing cheap credit from formal lenders whereas the poor households have to pay a large amount for borrowing
Which of the statements/statements is/are not correct?
Consider the following statements
1. Members can take small loans from the group itself to meet their needs
2. The group charges interest on these loans but this is still less than what the moneylender charges
3. Loan is sanctioned in the name of the particular member and is meant to create self-employment opportunities for the members
Which of these statements are correct about Self Help Groups?
Consider the following statements.
1. It is the group which is responsible for the repayment of the loan
2. Any case of non repayment of loan by any one member is followed up seriously by other members in the group
3. The purpose and the amount of the loan is decided by the group
Which of these statements are not correct about Self Help Groups?
Consider the following statements.
1. A MNC is a company that owns or controls production in more than one nation
2. Investment made by MNCs is called foreign investment
Which of these statements are correct?
Consider the following statements.
1. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries
2. Globalisation is this process of rapid integration or interconnection between countries
Which of the statements/statements is/are correct?
Consider the following statements.
1. Telecommunication facilities are used to contact one another around the world, to access information instantly, and to communicate from remote areas
2. This has been facilitated by satellite communication devices
Which of the statements/statements is/are not correct?
Consider the following statements.
1. Tax on imports is an example of trade barrier
2. Governments can use trade barriers to increase or decrease foreign goods only
Which of the statements/statements is/are correct?
Consider the following statements.
1. Removing barriers or restrictions set by the government is what is known as liberalisation.
2. With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.
3. The government imposes much less restrictions than before and is therefore said to be more liberal
Which of the statements/statements is/are correct?
Consider the following statements.
1. More than 150 countries of the world are currently members of the WTO
2. WTO rules have forced the developing countries to remove trade barriers
3. WTO establishes rules regarding international trade
Which of the statements/statements is/are correct?
Consider the following statements about the Consumer Protection Act 2019.
1. Under COPRA, a three-tier quasi - judicial machinery at the district, state and national levels has been set up for redressal of consumer disputes
2. If a case is dismissed in district level court, the consumer can also appeal in state and then in National level courts
Which of the statements/statements is/are correct?
Consider the following statements.
1. India has been observing 24 December as the National Consumers’ Day
2. It was on this day that the Indian Parliament enacted the Consumer Protection Act in 1986
3. India is the only country that have exclusive courts for consumer redressal
Which of the statements/statements is/are correct?
Consider the following statements.
1. We compare the average income which is the total income of the country divided by its total population
2. The average income is also called per capita income
Which of the statements is/are correct?
Consider the following statements.
1. Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use
2. Money in your pocket cannot buy all the goods and services that you may need to live well
Which of the statements/statements is/are correct?
Consider the following statements.
1. Literacy Rate measures the proportion of literate population in the 7 and above age group.
2. Net Attendance Ratio is the total number of children of age group 14 and 15 years attending school as a percentage of total number of children in the same age group
Which of the statements is/are correct?
Assertion: When we produce a good by exploiting natural resources, it is an activity of the primary sector
Reason: It forms the base for all other products that we subsequently make.
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Consider the following statements about the secondary sector of the economy.
1. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity.
2. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential
3. Transport and storage are the examples of this sector
Which of the statements/statements is/are correct?
Consider the following statements.
1. Interest rate, collateral and documentation requirement, and the mode of repayment together comprise what is called the terms of credit.
2. The terms of credit are same from one credit arrangement to another
Which of the statements is/are correct?
Which of the following are the informal lenders?
1. Moneylenders
2. Traders
3. Cooperatives
Choose from the following options.
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110 videos|315 docs|136 tests
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