The correct answer is (d). Globalisation links nations through international trade, communication and movement of people. It encourages the exchange of technology, culture, goods and services, making the world more interconnected. However, it also allows diseases and economic problems to spread quicRead more
The correct answer is (d). Globalisation links nations through international trade, communication and movement of people. It encourages the exchange of technology, culture, goods and services, making the world more interconnected. However, it also allows diseases and economic problems to spread quickly across regions. Thus, while globalisation brings many benefits, it also poses global risks and challenges that must be managed carefully.
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.
Read the given statements in context of ‘globalisation’ and choose the correct option – (a) It is the only way for economic development of the country (b) Inter links only production-based activities in dispersed location in the world (c) It has always given only positive results in all the countries (d) Leads to spread of technology, cultures and disease from a region to another
The correct answer is (d). Globalisation links nations through international trade, communication and movement of people. It encourages the exchange of technology, culture, goods and services, making the world more interconnected. However, it also allows diseases and economic problems to spread quicRead more
The correct answer is (d). Globalisation links nations through international trade, communication and movement of people. It encourages the exchange of technology, culture, goods and services, making the world more interconnected. However, it also allows diseases and economic problems to spread quickly across regions. Thus, while globalisation brings many benefits, it also poses global risks and challenges that must be managed carefully.
See lessMohan 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 less