Class 10 Exam > Class 10 Notes > Social Studies (SST) Class 10 > Short Answer Questions: Sectors of the Indian Economy
Class 10 Economics Chapter 3 Question Answers - Understanding Economic Development
Ques 1: Using examples from your area, compare and contrast the activities and functions of the private and public sectors.
Ans: Public Sector: There are the organisations which directly or indirectly come under the control of government, like MTNL, railways, Indian Airlines etc.
Fig: Public sector in India
Private Sector: In private sector organisations the ownership is in private hands and they run these organisations with the motive of earning profits. BSES and Sahara Airlines are the examples of private sector.
Ques 2: Explain how public sector contributes to the economic development of a nation.
Ans: There are some industries whose development is absolutely essential for the growth of economy. Such industries include power, transport, petroleum, irrigation, iron and steel, fertilisers, heavy industries etc. These industries require large investments which may be beyond the means of private entrepreneurs and are not sufficiently profitable for private sectors. Hence all such activities which are essential for the country’s development are carried into by the public sector.
Ques 3: The workers in the unorganised sector need protection on the following issues : wages, safety and health. Explain with examples.
Fig: unorganised sectorAns: In unorganised sectors workers are exploited by the private individuals because their aim is to earn more profit. They are not concerned with the safety and health of the employees. They also pay low wages to increase their profits. In such a type of organisation working conditions are not good. So the protection of their rights is necessary. They can take the help of labour laws and courts.
The document Class 10 Economics Chapter 3 Question Answers - Understanding Economic Development is a part of the Class 10 Course Social Studies (SST) Class 10.
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FAQs on Class 10 Economics Chapter 3 Question Answers - Understanding Economic Development
| 1. What are the three sectors of the Indian economy? |  |
Ans. The three sectors of the Indian economy are primary sector, secondary sector, and tertiary sector.
| 2. What is the contribution of the primary sector to the Indian economy? | |
Ans. The primary sector contributes around 16% to the Indian economy. It mainly includes agriculture, animal husbandry, forestry, fishing, mining, and quarrying.
| 3. What is the secondary sector of the Indian economy? | |
Ans. The secondary sector of the Indian economy consists of manufacturing, construction, and electricity generation. It contributes around 30% to the Indian economy.
| 4. What is the significance of the tertiary sector in the Indian economy? | |
Ans. The tertiary sector of the Indian economy is also known as the service sector. It contributes around 54% to the Indian economy. It includes services like transportation, communication, banking, insurance, trade, and public administration.
| 5. How can the Indian government promote the growth of the primary sector? | |
Ans. The Indian government can promote the growth of the primary sector by providing subsidies to farmers, improving irrigation facilities, providing better seeds and fertilizers, promoting organic farming, and implementing better marketing strategies.
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