Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

How does the use of money make exchange of things easier? Explain with examples.

Using examples from your area compare and contrast that activities and functions of private and public sectors.

How does exploitation of consumers take place in the market? Explain with any five facts.

What are the terms of credit?

“Tertiary sector is not playing any significant role in the development of Indian economy.” Do you agree? Give reasons in support of your answer.

Read the passage on the left and answer the questions.
Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and Brazil. The company wants to develop Ford India as a component supplying base for its other plants across the globe.
Why do you think the company wants to develop India as a base for manufacturing car components for its global operations? Discuss the following factors:

1. Cost of labour and other resources in India.
2. The presence of several local manufacturers who supply autoparts to Ford Motors.
3. Closeness to a large number of buyers in India and China.

Highlight any five reasons for the importance of tertiary sector in India.

Explain the meaning of HDI. Mention three components of measuring HDI.

The workers in the unorganised sector need protection on the issues of wages, safety and health. Explain.

Explain any four terms of credit with examples.