Chapter 5 Consumer Rights
Chapter 5 Consumer Rights TEXTBOOK EXERCISES Question 1. Why are rules and regulations required in the marketplace ? Illustrate with a few examples. Answer: Rules and regulations are required in the marketplace to protect consumers. Sellers often abdicate responsibility for a low-quality product, cheat in weighing out goods, add extra charges over the retail price, […]
Chapter 4 Globalisation and the Indian Economy
Chapter 4 Globalisation and the Indian Economy TEXTBOOK EXERCISES Question 1. What do you understand by globalization? Explain in your own words. Answer: Globalisation in today’s world has come to imply many things. It is the process by which the people of the world are unified into a single society and function together. This term […]
Chapter 3 Money and Credit
Chapter 3 Money and Credit TEXTBOOK EXERCISES Question 1. In situations with high risks, credit might create further problems for the borrower. Explain Answer: Whether a credit would be useful or not, will depend on a number of factors like – risks involved, whether there is some support against a loss, terms of credit, etc. […]
Chapter 2 Sectors of Indian Economy
Chapter 2 Sectors of Indian Economy TEXTBOOK EXERCISES Question 1. Fill in the blanks using the correct option given in the brackets : Employment in the service sector__________ increased to the same extent as production. (has/has not) Workers in the__________ sector do not produce goods. (tertiary/agricultural) Most of the workers in the___________ sector enjoy job […]
Chapter 1 Development
Chapter 1 Development TEXTBOOK EXERCISES Question 1. How is development of a country determined ? Answer: The development of a country can be generally determined by average income or per capital income. Question 2. Which neighbouring country of India has better performance in terms of human development than India? Answer: Sri Lanka. Question 3. Assume […]