The correct answer is (a). Mohan’s debt will increase over time because the landowner charges a high interest rate of 5% per month. Since Mohan repays through labour instead of cash, his repayment does not fully cover the interest. As months pass, unpaid interest keeps adding up, trapping him in a cRead more
The correct answer is (a). Mohan’s debt will increase over time because the landowner charges a high interest rate of 5% per month. Since Mohan repays through labour instead of cash, his repayment does not fully cover the interest. As months pass, unpaid interest keeps adding up, trapping him in a cycle of debt and economic dependency on the landowner.
The correct answer is Option B. It best demonstrates how the tertiary sector supports the primary and secondary sectors. The factory uses leather, a raw material from the primary sector, to manufacture shoes in the secondary sector. Then, it relies on tertiary services such as transport and retail tRead more
The correct answer is Option B. It best demonstrates how the tertiary sector supports the primary and secondary sectors. The factory uses leather, a raw material from the primary sector, to manufacture shoes in the secondary sector. Then, it relies on tertiary services such as transport and retail to distribute these shoes to consumers. Thus, the tertiary sector connects production, marketing and sales efficiently.
The primary sector employs the largest share of workers in India because many people rely on agriculture for livelihood, even when there isn’t enough work for all. This condition is called underemployment. It happens due to limited industrial and service sector jobs, forcing rural workers to remainRead more
The primary sector employs the largest share of workers in India because many people rely on agriculture for livelihood, even when there isn’t enough work for all. This condition is called underemployment. It happens due to limited industrial and service sector jobs, forcing rural workers to remain in agriculture, which lowers productivity and income compared to other sectors. Correct Option:(a) Workers in the primary sector are underemployed
The correct answer is (b). Banks earn income by lending money to borrowers at a higher interest rate while paying a lower interest rate to depositors. The difference between these two rates is called the spread or margin, which becomes the bank’s income. This system allows banks to operate profitablRead more
The correct answer is (b). Banks earn income by lending money to borrowers at a higher interest rate while paying a lower interest rate to depositors. The difference between these two rates is called the spread or margin, which becomes the bank’s income. This system allows banks to operate profitably while performing their key role of connecting savers and borrowers in the economy.
The correct answer is (b). Sustainable development ensures that today’s generation uses natural resources responsibly while keeping in mind the needs of future generations. It promotes balance between economic growth, environmental protection and social development. This approach avoids overexploitaRead more
The correct answer is (b). Sustainable development ensures that today’s generation uses natural resources responsibly while keeping in mind the needs of future generations. It promotes balance between economic growth, environmental protection and social development. This approach avoids overexploitation of natural resources and aims to maintain ecological stability so that both present and future generations can enjoy a healthy and prosperous life.
Mohan is an agricultural labourer. There are several months in a year when he has no work and needs credit to meet his daily expenses. He depends upon his employer, the landowner for credit who charges an interest rate of 5 per cent per month. Mohan repays the money by working physically for the landowner on his farmland. Over the years his debt will:
The correct answer is (a). Mohan’s debt will increase over time because the landowner charges a high interest rate of 5% per month. Since Mohan repays through labour instead of cash, his repayment does not fully cover the interest. As months pass, unpaid interest keeps adding up, trapping him in a cRead more
The correct answer is (a). Mohan’s debt will increase over time because the landowner charges a high interest rate of 5% per month. Since Mohan repays through labour instead of cash, his repayment does not fully cover the interest. As months pass, unpaid interest keeps adding up, trapping him in a cycle of debt and economic dependency on the landowner.
See lessWhich of the following examples best demonstrates how the tertiary sector supports both the primary and secondary sectors?
The correct answer is Option B. It best demonstrates how the tertiary sector supports the primary and secondary sectors. The factory uses leather, a raw material from the primary sector, to manufacture shoes in the secondary sector. Then, it relies on tertiary services such as transport and retail tRead more
The correct answer is Option B. It best demonstrates how the tertiary sector supports the primary and secondary sectors. The factory uses leather, a raw material from the primary sector, to manufacture shoes in the secondary sector. Then, it relies on tertiary services such as transport and retail to distribute these shoes to consumers. Thus, the tertiary sector connects production, marketing and sales efficiently.
See lessAccording to 2017-2018 data, the share of different sectors in employment (percentage) in India was – Primary Sector – 44%, Secondary sector – 25%, Territory sector – 31 % Out of the three sectors, why did the ratio of employment in primary sector high? Select the most suitable option from the following:
The primary sector employs the largest share of workers in India because many people rely on agriculture for livelihood, even when there isn’t enough work for all. This condition is called underemployment. It happens due to limited industrial and service sector jobs, forcing rural workers to remainRead more
The primary sector employs the largest share of workers in India because many people rely on agriculture for livelihood, even when there isn’t enough work for all. This condition is called underemployment. It happens due to limited industrial and service sector jobs, forcing rural workers to remain in agriculture, which lowers productivity and income compared to other sectors. Correct Option: (a) Workers in the primary sector are underemployed
See lessLook at the given picture carefully and infer the income of the bank: (a) The difference between the amount deposited and borrowed by the bank to Reserve Bank of India. (b) The difference of amount of interest between what is charged from borrowers and what is paid to depositors. (c) The difference of interest rate between what is charged from borrowers and what is charged from depositor. (d) The difference between the amount deposited by the depositor and borrowed by the borrower.
The correct answer is (b). Banks earn income by lending money to borrowers at a higher interest rate while paying a lower interest rate to depositors. The difference between these two rates is called the spread or margin, which becomes the bank’s income. This system allows banks to operate profitablRead more
The correct answer is (b). Banks earn income by lending money to borrowers at a higher interest rate while paying a lower interest rate to depositors. The difference between these two rates is called the spread or margin, which becomes the bank’s income. This system allows banks to operate profitably while performing their key role of connecting savers and borrowers in the economy.
See lessWhich of the following statement define Sustainable Development? (a) Sustainable use of a natural resources without considering the need of the future generation. (b) Present generation fulfils its needs while considering the needs of the future generation as well. (c) It means utilisation of natural resources by the past, present and forth coming future generation. (d) To meet the needs of the future generations even if the needs of the president generation go unmet.
The correct answer is (b). Sustainable development ensures that today’s generation uses natural resources responsibly while keeping in mind the needs of future generations. It promotes balance between economic growth, environmental protection and social development. This approach avoids overexploitaRead more
The correct answer is (b). Sustainable development ensures that today’s generation uses natural resources responsibly while keeping in mind the needs of future generations. It promotes balance between economic growth, environmental protection and social development. This approach avoids overexploitation of natural resources and aims to maintain ecological stability so that both present and future generations can enjoy a healthy and prosperous life.
See less