2. Assertion (A): different person can have different developmental goals. Reason (R): What may be development for one may not be development for the other. It may even be destructive for the other.
3.Assertion (A): A high average income is not indicative of the overall well being of a country. Reason (R): Average income does not cover human development indicators like level of education, health and public facilities.
4. Assertion (A): The value of final goods and services produced withing a country in each sector in a particular year is known as Gross Domestic Product. Reason (R): In India, the mammoth task of measuring GDP is undertaken by a central government ministry.
5.Assertion (A): A country at present has very high national income due to surplus oil resource. However it is essential to look for alternative sources of income also. Reason (R): Oil is a natural resource that is non-renewable in nature. If it is not used judiciously then it will get exhausted soon.
6.Assertion (A): At the initial stages of development, primary sector was the most important sector of economic activity in developed countries. Reason (R): Primary activities is still main activity in developed countries.
7.Assertion (A): Repair persons and daily wage earners are not very productive in tertiary sector. Reason (R): Repair persona and daily wage earners are unskilled, therefore they are mostly unemployed on a short-term basis.
8.Assertion (A): Mahatma Gandhi National Rural Employment Gurantee Act (MGNREGA) was passed on 2005. Reason (R): MGNREGA gices assurance of every needy women to give work for 150 days in every year.
It for 100 days in a year.
9.Assertion (A): In the public sector, the government owns most of the assests and provides all the services. Reason (R): In the private sector, ownership of assests and delivery of services is in the hands of private individuals or companies.
10.Assertion (A): Not every good or service that is produced and sold need to be counted to know the total production in each sector. Reason (R): The value of final goods already includes the value of all the intermediate goods.
11.Assertion (A): There are several things needed by the society as a whole but which the private sector will not provide at a reasonable cost. Reason (R): Activities of the private sector are guided by the motive to earn profits.
12.Assertion (A): When we produce a good by exploiting natural resources, it is an activity of primary sector. Reason (R): In the primary sector goods are transformed from one shape to another.
13. Assertion (A): The Government of India buys wheat and rice from farmers at fair price. Reason (R): Public sector contributes to the economic development.
14.Assertion (A): Service sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associated with. Reason (R): Teachers, doctors, ATM booths etc are an example of tertiary sector.
15.Assertion (A): The development of agriculture and industry leads to the development of service sector. Reason (R): As the primary and secondary sectors develops, the demand for transport, storage structures, banks insurances, etc increases.
16.Assertion (A): Income is the most important attributes to comparing countries. Reason (R): When total income is divided by the total population of a country, we get per capita income.
17.Assertion (A): Rohan is a shopkeeper who pays his taxes on time. He has employed two workers Rakesh and Shayam in a shop. He pays them well; however, none of the workers get any paid leaves in the year. Reason (R): Rakesh and Shayam are employed in an unorganised sector.
18.Assertion (A): Non-renewable resources are those which will get exhausted after years of use. Reason (R): Groundwater resources are replenished by nature as in the case of crops and plants.
19.Assertion (A): Sustainable development is essential for economic growth of the countries. Reason (R): Sustainable development ensures that environment friendly measures are adopted for carrying out production processes.
20.Assertion (A): Normally your money cannot buy you a pollution free environment or ensure you that you get unadulterated medicine. Reason (R): Money may also not be able to protect you from infectious diseases, unless the whole of your community takes preventive steps.
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