Question 1. Why are rules and regulations required in the marketplace? Illustrate with a few examples. Answer 1 There are several chances of exploitation of the consumers in the marketplace. The various ways through which consumers may be exploited are— sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they … Read more
Question 1 What do you understand by globalisation? Explain in your own words. Answer 1 Globalisation is the process of rapid integration or interconnection between countries. Globalisation means integrating an economy with the world economy. As a result of globalisation, the different countries of the world become economically interdependent on each other. This term is also often … Read more
Question 1. Fill in the blanks using the correct option given in the bracket: (i) Employment in the service sector ……… increased to the same extent as production. (has/has not) (ii) Workers in the ……… sector do not produce goods. (tertiary/agricultural) (iii) Most of the workers in the ……… sector enjoy job security. (organised/unorganised) (iv) A … Read more
Question 1 Development of a country can generally be determined by (i) its per capita income (ii) its average literacy level (iii) health status of its people (iv) all the above. Answer 1 (i) its per capita income Question 2 Which of the following neighbouring countries has better performance in terms of human development than India? (i) Bangladesh … Read more
Question 1 In what ways do pressure groups and movements exert influence on politics? Answer 1 Pressure groups and movements exert influence in a variety of ways. They try to win public support and sympathy for their goals and activities by carrying out information campaigns, organising meetings, filing petitions etc. They also make use of media. They … Read more