Class 10 Exam > Class 10 Videos > Geography Chapter 7 Life lines of national economy Mcq | Cbse Board 2020
Geography Chapter 7 Life lines of national economy Mcq | Cbse Board 2020 Video Lecture - Class 10
FAQs on Geography Chapter 7 Life lines of national economy Mcq - Cbse Board 2020 Video Lecture - Class 10
| 1. What are the life lines of the national economy? |  |
Ans. The life lines of the national economy refer to the various sectors or industries that play a crucial role in the economic development and growth of a country. These include agriculture, industry, trade, and services.
| 2. How does agriculture contribute to the national economy? | |
Ans. Agriculture plays a significant role in the national economy by providing food security, employment opportunities, and raw materials for industries. It contributes to the GDP of the country and also helps in the development of the rural areas.
| 3. What is the importance of the industrial sector in the national economy? | |
Ans. The industrial sector is crucial for the national economy as it generates employment, contributes to the GDP, and promotes economic development. It includes manufacturing, mining, and construction industries, which provide goods and infrastructure essential for the growth of the country.
| 4. How does the trade sector contribute to the national economy? | |
Ans. The trade sector plays a significant role in the national economy as it involves the buying and selling of goods and services within and outside the country. It contributes to the GDP, generates employment, and promotes economic growth through exports and imports.
| 5. What role do services play in the national economy? | |
Ans. The services sector is an important component of the national economy as it includes various activities like banking, tourism, education, healthcare, and transport. It contributes to the GDP, generates employment, and promotes economic development by providing necessary services to the people.
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Nov 22, 2024 Last updated |
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