Unit 4 Ch 2 : Sectors of the Indian Economy — Social Studies STD 10 — Question

Analyse the role of credit for development.

What is money? Why is modern money currency accepted as a medium of exchange?

Distinguish between primary, secondary and tertiary activities with examples.

Why do you think that the share of formal sector credit is higher for the richer households compared to the poorer households?

Read the passage on the left and answer the questions.
Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27, 000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and Brazil. The company wants to develop Ford India as a component supplying base for its other plants across the globe.
Would you say Ford Motors is a MNC? Why?

“Deposits with the banks are beneficial to the depositers as well as to the nation”. Examine the statement.

How does foreign trade connect markets?

How can money easily exchange it for goods or services? Give example to explain.

In which situation a consumer finds himself exploited?

When we buy commodities we find that the price charged is sometimes higher or lower than the Maximum Retail Price printed on the pack. Discuss the possible reasons. Should consumer groups do something about this?