Class 10 Economics Chapter 1 NCERT Solutions
Here are the solutions to some- questions from Chapter 1 of the CBSE Class 10 Economics textbook:
- What is an economic problem?
An economic problem is a problem that arises due to the scarcity of resources in an economy. Scarcity refers to the limited availability of resources compared to the ,unlimited wants and needs of individuals. Because of this scarcity, individuals, businesses, and governments must make choices about how to allocate their limited resources in the most efficient and effective way possible.
- What are the three basic economic questions that every society must answer?
Every society must answer three basic economic questions:
- What goods and services should be produced?
- How should these goods, and services be produced?
- For whom should these goods and services be produced?
These questions must be answered in order to allocate resources efficiently and effectively, and to meet the needs and wants of individuals in the society.
- Define opportunity cost.
Opportunity cost is the cost of giving up the next best- alternative in order to pursue a certain action. For example, if you choose to spend your time studying for a test, the opportunity cost is the time you could have spent doing something else, such as hanging out with friends or watching a movie.
I hope these solutions are helpful! Let me know if you have any other questions about economics.
|Subject||Economics – Understanding Economic Development|
|Chapter||Chapter 1 : Development|
|Book Name||Class10 Social Science|
|Category||NCERT Solutions | Notes|
Q 1. Development of a country can generally be determined by –
(i) Its per capita income
(ii) Its average literacy level
(iii) Health status of its people
(iv) All the above
Q 2. Which of the following neighbouring countries has better performance in ms of human development than India?
(ii) Sri Lanka
Q 3. Income of these families is 5000. If the income of three families is 4000, 7000 and 3000 respectively, what is the income of the fourth family?
Q 4. What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
Ans. According to World Development Report, 2006, countries with per capita income of 4,53,000 per annum and above in 2004 are called rich countries and those with per capita income of 37,000 or less are called low income countries. Per capita income is indicated by the total income of the country divided by its population. India comes in the category of low income countries because its per capita income in 2004 was just 28,000 per annum.
The following are the limitations of per capita income used as criterion for different countries:
(i) It does not tell how the income of the country is distributed among its different section of population like rich and poor.
(ii) It does not take into account other aspects of human development like standard of health, education, sanitation facilities, etc., in the country.
Q 5. In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?
Ans. Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income, whereas World Bank compares countries on the basis of per capita income.
Q 6. Why do we use averages? Are there any limitations to their use? Illustrate your own examples related to development.
Ans. For comparison between two countries, total income is not such a useful measure because countries have different population. So, we use averages or average income. The limitation of using averages as a criterion for comparison between two countries is that it does not tell us how the income is distributed among people. For example, there are four families in country A, B, C and D having income as 4500 per month, 5000 per month, 5,500 per month and 6,000 per month respectively. The average per capita income for country A comes out to be 5,250 per [(4,500 + 5000 + 5500+6000) + 41. Similarly, there are four families in country B having income as 500 per month, 6,000 per month, 75,000 per month and 9,500 per month. The average per capita income for country B comes out to be 5,250 per month. However, if we see country B has more disparity income than country A which is not shown by average income which happens to same as 5,250 per month.
Q 7. Kerala, with lower per capita income has a better human development ranking than Punjab. Hence, per capita income is not a useful criterion at all and should not be used to compare states. Do you agree? Discuss.
Ans. Yes, we agree to this statement. It reveals that per capita income does not show the better human development. Money in your pocket cannot buy all the goods and services that you may need to live well. For example, your money cannot buy you a pollution free environment or ensure that you get unadulterated medicines. Therefore, inspite of low per capita income Kerala has better human development because Kerala has other facilities tha Punjab like health, education facilities.
Q 8. Find out present sources of energy used by people in India. What be possibilities fifty years from now?
Ans. Following are the sources of energy used by people in India: Conventional
(a) Commercial-Purchase and sold
Examples: Coal, Petroleum, Electricity
(b) Non-commercial-May be available free of cost
Examples: Fire wood, Dried dung
- Grass, hay, twings, small branches of tree, dung cakes.
Following could be the possibilities fifty years from now:
- Electricity-Hydro, Thermal, Nuclear
- Bio Energy-Biogas, Biomass
- Solar Energy
- Wind Energy
- Development of Atomic Energy
- Utilisation of Urban Waste
- Improved Chullahs
- Programme for Alternate Fuel
Q 9. Why is the issue of sustainability important for development?
Ans. The present growth with future oriented development for successive generation is termed sustainable economic development. It is necessary for the future survival and prospects of the nation. Sustainability ensures that the growth of the economy is continuous and takes care of overall development of the economy with better education, health, sanitation facilities. In order to achieve sustainable growth, broad level policies should be framed for effective utilisation of natural resources like oil, water, minerals etc.
Q 10. “The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person.” How is this statement relevant to the discussion of development? Discuss.
Ans. Above statement means that we have more resources to satisfy our needs but we are not satisfied because of unlimited wants. We want more. Human beings are not satisfied with minimum resqurces, they want to get more according to their income. If they become satisfied, then the earth has enough resources to meet the needs of all, but it is not enough to satisfy the unlimited greed of even one person. We need to avoid reckless use of natural resources and preserve then for future generations. Wastage of resources should also be avoided as it diminishes the resources which could have been used for some better purpose.
Q. 11. List a few examples of environmental degradation that you may have observed around you.
Ans. Air, water and noise pollution are the examples of environmental degradation that we may have observed around us.
Q 12. For each of the items given in the following table find out which country is at the top and which is at the bottom.
Ans. Sri Lanka is at the top for all the items and Bangladesh is at the bottom for literacy rate (3rd item). Nepal is at the bottom for HDI (5th item). Pakistan is at the bottom for 4th item while Myanmar is at the bottom for 1st and 2nd item.
Q 13. The following table shows the proportion of undernourished adults in India. It is based on a survey of various states for the year 2001. Look at the table and answer the following questions.
- Compare the nutritional level of people in Kerala and Madhya Pradesh.
- Can you guess why around 40 per cent of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words.
(i) Table shows that nutritional level of Kerala is lower than Madhya Pradesh because in Madhya Pradesh the nutritional level of male is 43% and females are 42% whereas in Kerala this ratio is respectively 22% and 19%.
(ii) 40 per cent of our total population are undernourished because public distribution system (PDS) in our country is not efficient on account of the following reason:
(a) Malpractices in PDS like diverting the food grains to open market to earn better margins.
(b) Selling poor quality of food grains at ration shops.
(c) Food grains does not reach the poor section of society due to so many middle men involved in its distribution. This inflates the price of food grains which poor people cannot afford.
Why Must you Download the Solutions for Social Science Chapter 1 Class 10?
There are many reasons why a student might want to download the solutions for a social science chapter in class 10. Some possible reasons include:
- To review the material covered in the chapter: The solutions can provide, a comprehensive overview of the key concepts and topics covered in the chapter, which can be helpful for review and reinforcement of learning.
- To check their own understanding of the material: By comparing- their own answers with the solutions, a student can determine how well they have understood the material and identify any areas that need further review.
- To prepare for exams: Reviewing the solutions can help a student prepare for exams by providing practice with the types of questions that may be asked.
- To get additional help with difficult concepts: The solutions can provide guidance and clarification on concepts that the student is struggling to understand.
Overall, downloading the solutions for a social science chapter in class 10 can be a useful resource for students as they study and learn the material.
CBSE Specified Answering Rules for Ch 1 Eco Class 10
The CBSE (Central Board of Secondary Education) has specific guidelines for answering questions in social science subjects, including economics. These guidelines ,are intended to help students understand how to present their answers in a clear and organized manner.
Some general rules to follow when answering questions in economics class 10 include:
- Read the question carefully and understand what is being asked.
- Plan your answer before you start writing. This can help you organize your thoughts and ensure that your answer is coherent and logical.
- Follow the given structure of the question. If the question asks for a definition, make sure to provide the definition. If it asks for an explanation, make sure to provide an explanation.
- Use examples to illustrate your points. This can help make ,your answer more concrete and easier to understand.
- Use proper formatting and present your answer in a clear and organized manner.
- Use appropriate language and terminology. Make sure to use the correct terms and phrases when discussing economic concepts.
By following these guidelines, you can present your answers in a way that is clear, concise, and easy to understand.
Excellent for Revision Before any Examination
Yes, reviewing the solutions to chapter 1 of class 10 social science, specifically economics, can be an effective way to revise the material ,before an examination. Here are some tips for using the solutions to revise effectively:
- Go through the solutions carefully and make sure you understand all the concepts and ideas covered in the chapter.
- Use the solutions to identify any areas of the material that you are unsure of or that you need to review in more detail.
- Practice applying the concepts you have learned ,by working through sample questions or past examination papers. This can help you get a better understanding of how the material might be tested in an exam.
- Take breaks and pace yourself as you revise. It’s important to give yourself time to rest and absorb the material so that you can retain it for the long term.
By following these steps, you can use the solutions to effectively revise the material and prepare for your examination.
The Approach is Exam – Oriented
t is important for students to approach their studies with an exam-oriented mindset, especially when preparing for an examination. This means focusing on understanding and learning the material in a way that will help you perform well on the exam. Some tips for adopting an exam-oriented approach to studying include:
- Familiarize yourself with the exam -format and content: Make sure you know what to expect on the exam, including the types of questions that will be asked and the format of the exam (e.g., multiple choice, short answer, essay).
- Identify the most important concepts: Focus on understanding and learning the key concepts and ideas that are most likely to be tested on the exam.
- Practice applying the material: In addition to simply- reading and reviewing the material, try to practice applying the concepts you have learned. This could involve working through sample questions or past examination papers, for example.
- Manage your time effectively: Make a study schedule and stick to it. Give yourself enough time to cover all the material you need to learn, but be sure to pace yourself and take breaks to avoid burnout.
By following these tips, you can adopt an exam-oriented approach to your studies and increase your chances of success on the exam.
NCERT Solutions For Class 10 Economics Social Science Chapter 1: Development Summary
NCERT (National Council of Educational Research and Training) solutions are a widely used resource for students preparing for exams in India. The NCERT solutions for class 10 economics, chapter 1: Development provide a detailed and, comprehensive summary of the key concepts covered in the chapter.
Here is a summary of the key points covered in this chapter:
- Development is a process of improving the well-being of people, including their economic, social, and political conditions.
- Economic development refers to the process of increasing ,the wealth and productivity of a country, while social development refers to improvements in living standards and social conditions.
- There are various indicators of development, such as per capita income, life expectancy, literacy rates, and access to education and healthcare.
- Economic growth, which is measured by an increase in a country’s gross domestic product (GDP), is an important aspect of economic ,development.
- There are various factors that can contribute to economic development, including an educated and skilled workforce, access to resources and technolgy, and a supportive policy environment.
- Inequality can be a hindrance to development, as it can lead to social unrest and undermine social cohesion.
- Sustainable development is a type of development, that meets the needs of the present without compromising the ability of future generations to meet their own needs.
This is a general summary of the key concepts covered in chapter 1 of class 10 economics. The NCERT solutions provide a more detailed and in-depth exploration of these topics.
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How can you Prepare from NCERT Solutions for Class 10 Economics Chapter 1 PDF?
Here are some tips for preparing for your class 10 economics exam using the NCERT solutions for chapter -1:
Read through the solutions carefully and make sure you understand all the concepts and ideas covered in the chapter.
Take notes as you read through the solutions. This can help you review the material more effectively later on.
Practice applying the concepts you have, learned by working through sample questions or past examination papers. This will help you get a better understanding of how the material might be tested in an exam.
Use the solutions to identify any areas of the material that you are unsure of or that you need to review in more detail.
Create a study schedule and set aside dedicated -time to review the material. Make sure to pace yourself and allow enough time to cover all the material you need to learn.
By following these steps, you can use the NCERT solutions for class 10 economics, chapter 1 to effectively prepare for your exam.
How can you be Benefitted from Solution Sets for Eco Chapter 1 Class 10?
There are several ways in which students can, benefit from solution sets for the economics chapter 1 in class 10. Some possible benefits include:
Improved understanding of the material: Solution sets can provide a detailed and comprehensive overview of the key concepts covered in the chapter. This can help students better understand the material and feel more confident in their knowledge.
Practice with exam-style questions: Solution sets often include sample questions or past examination papers, which can provide students with practice applying the material in an exam setting.
Improved exam performance: By reviewing ,the solutions and practicing with exam-style questions, students can increase their chances of performing well on the exam.
Time-saving resource: Solution sets can be a time-saving resource, as they provide a comprehensive overview of the material in one place. This can be particularly helpful for students ,who are short on time or who need to review a large amount of material.
Overall, solution sets for the economics chapter 1 in class 10 can be a valuable resource for students as they study and prepare for exams.
How to Develop Answering Skills from Solution Sets?
Here are some tips for developing answering skills using solution sets:
Read the solutions carefully and make sure you understand the key concepts and ideas covered in the chapter.
Practice applying the concepts you have learned by working -through sample questions or past examination papers. This will help you get a better understanding of how the material might be tested in an exam.
Pay attention to the way the answers are structured and organized. Notice how the solutions present the information clearly and coherently, and try to replicate this style in your own answers.
Use examples to illustrate your points. This can help make your answers more concrete and easier to understand.
Pay attention to the language and ,terminology used in the solutions. Make sure to use the correct terms and phrases when discussing economic concepts.
By following these tips, you can use solution sets to develop your answering skills and improve your performance on exams.
What are the important topics covered in NCERT Solutions for Chapter 1 of Class 10 Social Science Economics?
The NCERT solutions for chapter 1 of class 10 social science economics cover a range of important topics. Some key topics covered in this chapter include:
The concept of development and its different ,dimensions (economic, social, and political).
Indicators of development, such as per capita income, life expectancy, literacy rates, and access to education and healthcare.
Economic growth and its importance for economic -development.
Factors that contribute to economic development, such as an educated and skilled workforce, access to resources and technology, and a supportive policy environment.
The role of inequality in development and the importance of reducing inequality to promote social cohesion and stability.
Sustainable development and the need to balance economic, social, and environmental considerations in order to meet the needs of the present without compromising the ability of future generations to meet their own needs.
These are some of the key topics covered in the NCERT solutions for chapter 1 of class 10 social science economics. The solutions provide a more detailed and in-depth exploration these topics.
What is development, according to Chapter 1 of Class 10 Social Science Economics?
According to chapter 1 of class 10 social science economics, development is a process of improving the well-being of people, including their economic, social, and political conditions. It is characterized by an increase in a country’s -wealth and productivity, as well as improvements in living standards and social conditions.
There are various indicators of development, such as per capita income, life expectancy, literacy rates, and access to education and healthcare. Economic growth, which is -measured by an increase in a country’s gross domestic product (GDP), is an important aspect of economic development.
However, development is not just about economic growth. It also includes social development, which refers to improvements in living standards and social conditions. This includes things like access to education, healthcare, and other basic services, as well as social cohesion and stability.
Overall, development is a multi-dimensional concept that -encompasses economic, social, and political improvements and is aimed at improving the well-being of people.
What do you know about Sustainable Development, according to Chapter 1 of Class 10 Social Science Economics?
According to chapter 1 of class 10 social science economics, sustainable development is a type of development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This means that it takes into account the economic, social, and environmental implications of development decisions and seeks to balance these considerations in a way that is sustainable over the long term.
Sustainable development is based on the principle that the needs of the present generation should be met without -compromising the ability of future generations to meet their own needs. This means that it is important to use natural resources responsibly and to consider the environmental impacts of development decisions.
There are various dimensions to sustainable development, including economic, social, and environmental considerations. For example, economic sustainability involves ensuring that economic growth is sustained over the long term and that it benefits all members of society. Social- sustainability involves promoting social cohesion and equality, while environmental sustainability involves protecting the natural environment and preserving natural resources for future generations.
Overall, sustainable development is an important concept that seeks to balance economic, social, and environmental -considerations in a way that is sustainable over the long term.
Name the different sources of energy used today according to Chapter 1 of Class 10 Social Science Economics?
According to chapter 1 of class 10 social science economics, the different sources of energy used today include:
Fossil fuels: These are hydrocarbons, such as coal, oil, and natural gas, that are formed from the remains of plants and animals that lived millions of years ago. Fossil fuels are a major source of energy, but they are non-renewable and their use can have negative environmental- impacts, including air pollution and greenhouse gas emissions.
Nuclear energy: This is energy that is produced through the splitting or fusion of atomic nuclei. Nuclear energy is a relatively clean and efficient source of energy, but there are concerns about the safety and disposal of nuclear waste.
Renewable energy: These are energy sources that are replenished naturally and can be used indefinitely. Examples of renewable energy- sources include solar, wind, hydroelectric, and geothermal energy. Renewable energy ,sources are generally considered to be more environmentally friendly than fossil fuels, but they may not be as reliable or cost-effective in some cases.
Alternative energy: These are energy sources that are not commonly used or are still in the experimental stage. Examples – alternative energy sources include hydrogen fuel cells, biofuels, and tidal power. Alternative energy sources may have the potential to become more widely used in the future, but they are not yet practical or cost-effective for widespread use.
These are some of the main sources of energy used today, according to chapter 1 of class 10 social science economics.
What is per capita income, according to Chapter 1 of Class 10 Social Science Economics?
According to chapter 1 of class 10 social science economics, per capita income is a measure of a country’s economic -well-being that is calculated by dividing the total income of a country by its population. It is often used as an indicator of development, as it reflects the average income of individuals in a country.
Per capita income is typically expressed in monetary units, such as dollars or euros, and is often adjusted for inflation to give a more accurate picture of changes in living standards over time. It is important to note that per capita income is an average measure and does not take into account income inequality or distribution.
Per capita income is often used as an indicator of development because, it reflects the average income of individuals in a country. Countries with higher per capita incomes tend to have higher living standards and greater access to goods and services. However, per capita income is only one indicator of development and should be considered in combination with other indicators, such as life expectancy, literacy rates, and access to education and healthcare.