Economics [2 Mark Question Answer]

(i) Public health system and facilities are not sufficient for the bulk of the population.
(ii) There is a wide gap between rural-urban areas and between poor and rich in utilising healthcare facilities.

(i) A good transport system helps to expand the market for goods.
(ii) Transport system also helps in the movement of labour from surplus areas to deficit areas.

(i) Life insurance provides protection to the family in case of untimely death of an individual.
(ii) It gives financial protection at old age when earning capacity is reduced.

(i) Service sector provides banking and other financial services and internal trade facilities for the agricultural sector.
(ii) It provides transportation services to agriculture.

(i) Industry provides several agricultural inputs like chemical fertilisers, pump-set, tractors, etc.
(ii) Industry provides employment to surplus people from agricultural sector.

(i) Agriculture provides raw material to some agro-based industries like cotton, jute, sugarcane, oilseeds, etc.
(ii) It supplies food for the industrial workers.

(i) It provides transportation services to the primary and secondary sectors of the economy.
(ii) It improves the efficiency of workforce.

Consumer services are those services which directly satisfy human wants.
Examples : Health, Education.

Productive services are all those services which raise the productivity of producing sectors namely primary sector and secondary sector.

'A warehousing is an establishment for the storage and accumulation of goods. Storage of goods takes place through the network of warehouses specially constructed for the purpose.
Importance of warehousing :
(i) It provides very important service to producers, wholesalers and retailers.
(ii) It is also important to get finance against the security of goods kept in the warehouse.

Education is considered to be an important input for the development of a country in the following ways :
(i) Education produces skilled and trained workers.
(ii) It increases labour productivity.
(iii) It provides knowledge to understand changes taking place in society. It also promotes innovations.
(iv) Educated people can easily participate in the local development activities undertaken by the panchayats or other local authorities.

(i) Education for All - Still a Dream
(ii) Gender Biased
(iii) Low Access Level in Rural Areas
(iv) Low Quality of Education

(i) Rural Areas have been neglected. Every type of education is available in urban areas but rural areas are deprived of it.
(ii) Low government expenditure is also responsible for its poor state of affairs. In 1950-51 it had committed to allocate 6% of GDP for it. But still it is 4%, much below than required.

'A warehousing is an establishment for the storage and accumulation of goods'. Storage of goods takes place through the network of warehouses specially constructed for the purpose.

Education is considered to be an important input for the development of a country in the following ways:
(i) Education produces skilled and trained workers.
(ii) It increases labour productivity.

Service sector covers a wide range of services such as trading, storage, insurance, transportation, communication financial, real estate and various types of professional services.