Unit 4 Ch 2 : Sectors of the Indian Economy — Social Studies STD 10 — Question

A shoe manufacturer, M. Salim has to make a payment to the leather supplier and writes a cheque for a specific amount. This means that the shoe manufacturer instructs his bank to pay this amount to the leather supplier. The leather supplier takes this cheque and deposits it in his own account in the bank. The money is transferred from one bank account to another bank account in a couple of days. The transaction is complete without any payment of cash. What kind of payment system is indicated here?

Read the information given below and select the correct option :
Swapna, a small farmer, grows groundnut on her three acres of land. She takes a loan from the moneylender to meet the expenses of cultivation, hoping that her harvest would help repay the loan. Midway through the season, the crop is hit by pests and the crop fails. She is unable to repay the moneylender and the debt grows over the year into a large amount. Next year, Swapna takes a fresh loan for cultivation. It is a normal crop this year. But the earnings are not enough to cover the old loan. She is caught in debt. She has to sell a part of the land to pay off the debt. Which situation is Swapna facing?

Read the given data and find out which country has most equitable distribution of income.

Monthly income of five families in country A and country B.

	I	II	III	IV	V
A	9500	9600	10000	10400	10500
B	3000	2000	5000	4000	36000