CBSE Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy

 CBSE Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy Notes


Key Topics Covered

  1. Classification of Economic Activities

    • Primary Sector: Activities involving the extraction of natural resources, such as agriculture, fishing, and mining.

    • Secondary Sector: Activities related to manufacturing and industrial production, where raw materials are transformed into finished goods.

    • Tertiary Sector: Services that support the primary and secondary sectors, including transportation, banking, education, and healthcare.

  2. Organized and Unorganized Sectors

    • Organized Sector: Includes enterprises that are registered and follow government regulations, offering job security and benefits.

    • Unorganized Sector: Comprises small-scale, informal businesses with no job security or benefits.

  3. Public and Private Sectors

    • Public Sector: Enterprises owned and operated by the government, such as Indian Railways and ONGC.

    • Private Sector: Businesses owned by individuals or private entities, such as Reliance Industries and Tata Group.

  4. Interdependence of Sectors

    • The primary, secondary, and tertiary sectors are interconnected and rely on each other for growth and development.

  5. Gross Domestic Product (GDP)

    • GDP measures the total value of goods and services produced in a country during a specific period.

    • The contribution of each sector to GDP highlights its importance in the economy.

  6. Challenges in the Indian Economy

    • Issues like unemployment, underemployment, and the dominance of the unorganized sector are discussed.


CBSE NCERT Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy Important Question Answers

What are the three sectors of the Indian economy? Answer:

Primary Sector: Involves activities that use natural resources, such as agriculture, fishing, and mining.

Secondary Sector: Includes manufacturing and industrial production, where raw materials are converted into finished goods.

Tertiary Sector: Provides services like transportation, banking, education, and healthcare.

What is GDP, and how is it calculated? Answer: GDP (Gross Domestic Product) is the total value of all final goods and services produced within a country during a specific period. It is calculated by summing up the production values of the primary, secondary, and tertiary sectors.

What is the difference between organized and unorganized sectors? Answer:

Organized Sector: Enterprises that are registered, follow government regulations, and provide job security and benefits.

Unorganized Sector: Small-scale, informal businesses that lack job security and benefits.

What is the significance of the tertiary sector in the Indian economy? Answer: The tertiary sector plays a crucial role by supporting the primary and secondary sectors. It contributes significantly to GDP and provides essential services like education, healthcare, and banking.

Why is sustainable development important? Answer: Sustainable development ensures that resources are preserved for future generations while meeting current needs. It prevents environmental degradation and promotes long-term economic growth.

What are the challenges faced by the unorganized sector? Answer: Workers in the unorganized sector face issues like low wages, lack of job security, absence of benefits, and poor working conditions.

How are public and private sectors different? Answer:

Public Sector: Owned and operated by the government, focusing on public welfare (e.g., Indian Railways).

Private Sector: Owned by individuals or private entities, aiming for profit (e.g., Reliance Industries).

CBSE NCERT Class 10 Social Science Economics Chapter 2 Sectors of Indian Economy MCQs

MCQs – Class 10 Economics

  1. What does GDP stand for?
    a) Gross Domestic Product ✅
    b) General Domestic Product
    c) Gross Development Product
    d) General Development Product
    Answer: a) Gross Domestic Product

  2. Which sector involves activities like agriculture, fishing, and mining?
    a) Primary Sector ✅
    b) Secondary Sector
    c) Tertiary Sector
    d) Quaternary Sector
    Answer: a) Primary Sector

  3. Which of the following is an example of the unorganized sector?
    a) A government school teacher
    b) A daily wage laborer working for a contractor ✅
    c) An employee in a multinational company
    d) A doctor in a private hospital
    Answer: b) A daily wage laborer working for a contractor

  4. What is the main objective of the public sector?
    a) Profit-making
    b) Providing services to the public ✅
    c) Promoting private enterprises
    d) Reducing taxes
    Answer: b) Providing services to the public

  5. Which sector has emerged as the largest contributor to India’s GDP?
    a) Primary Sector
    b) Secondary Sector
    c) Tertiary Sector ✅
    d) Quaternary Sector
    Answer: c) Tertiary Sector

  6. What is the primary goal of the National Rural Employment Guarantee Act (NREGA)?
    a) To provide 100 days of guaranteed wage employment ✅
    b) To promote industrialization
    c) To increase agricultural production
    d) To improve healthcare facilities
    Answer: a) To provide 100 days of guaranteed wage employment

  7. Which of the following is a manufactured product?
    a) Cotton
    b) Wheat flour
    c) Tomato sauce
    d) Both b and c ✅
    Answer: d) Both b and c

  8. Where is disguised unemployment most commonly found?
    a) In large-scale industries
    b) Among agricultural workers on small farms ✅
    c) In government offices
    d) In private companies
    Answer: b) Among agricultural workers on small farms

  9. Which organization conducts surveys on employment and unemployment in India?
    a) NSSO (National Sample Survey Organization) ✅
    b) ILO (International Labour Organization)
    c) Census of India
    d) NITI Aayog
    Answer: a) NSSO (National Sample Survey Organization)

  10. What is the main criterion for classifying economic activities into primary, secondary, and tertiary sectors?
    a) Ownership of enterprises
    b) Nature of economic activity ✅
    c) Employment conditions
    d) Number of workers employed
    Answer: b) Nature of economic activity

CBSE Class 10 Social Science Economics: Understanding Economic Development – II

Class 10 Social Science Economics NCERT Pdf:- Click Here 

CBSE Class 10 Social Science Economics (Subject Code 087) Notes, Solution & Important Questions:- Click Here 

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