10th Social Science – Economics Book Back
& Questions Answers (solution)
1. Gross Domestic Product and Its Growth: An Introduction
I. Choose the correct answer:
1.GNP equals
a) NNP adjusted for inflation
b) GDP adjusted for inflation
c) GDP plus net property income from abroad.
d) NNP plus net property income or abroad.
Answer: c) GDP plus net property income from abroad.
2. National Income is a measure of
a) Total value of money
b) Total value of produce goods
c) Total value of consumption goods d) Total value of goods and services
Answer: d) Total value of goods and services
3. Primary sector consist of
a) Agriculture
b) Automobiles
c) Trade
d) Banking
Answer: a) Agriculture
4. _________ approach is the value added by each intermediate good is summed to estimate the value of the final good.
a) expenditure approach
b) value added approach
c) Income approach
d) national income
Answer: b) value added approach
5. Which one sector is highest employment in the GDP?
a) Agriculture sector
b) Industrial sector
c) Service sector
d) None of the above
Answer: a) Agriculture sector
6. Grow value added at current prices for services sector is estimated at __________ lakh crore in 2018-19 a) 91.06
b) 92.26
c) 80.07
d) 98.29
Answer: b) 92.26
7. India is ________ larger producer in agriculture product.
a) 1st
b) 3rd
c) 4th
d) 2nd
Answer: d) 2nd
8. India’s life expectancy at birth is _________ years
a) 65
b) 60
c) 70
d) 55
Answer: a) 65
9. Which one is a trade policy?
a) irrigation policy
b) import and export policy
c) land-reform policy
d) wage policy
Answer: b) import and export policy
10. Indian economy is
a) Developing economy
b) Emerging economy
c) Dual economy
d) All the above
Answer: a) Developing economy
II Fill in the blanks
1. __Service___ sector is largest sector in India.
2. GDP is the indicator of _a Country’s____ economy.
3. Secondary sector otherwise called as _Industrial Sector____.
4._Service____ sector is the growth engine of Indian economy.
5. India is ___Sixth__ largest economy of the world.
6. India is _Fifth__ fastest growing nation of the world.
7. _Industrial__ policy envisages rapid industrialization with modernization for attaining rapid economic growth of GDP.
III Choose the correct statement
1. The rate of saving is low in India for the following reason
I. Low per-capita income.
II. Poor performance and less contribution of public sector.
III. Poor contribution of household sector.
IV. Savings potential of the rural sector not tapped fully.
a) I, II, IV are correct
b) I, II and III are correct
c) I, II, III and IV are correct
d) I, III and IV are correct
Answer: a) I, II, IV are correct
IV. Match the following:
1. Electricity / Gas and Water – a) National income population
2. Price policy – b) Gross National Product
3. GST – c) Industry Sector
4. Per-Capita Income – d) Agriculture
5. C+I+G+(X-M) – e) Tax on goods and service
Answer: 1-c; 2-d;’3-e; 4-a; 5-b
V Give short answer
1. Define National income.
2. What is meant by Gross domestic product?
3. Write the importance of Gross domestic product.
4. What is per-capita income?.
5. Define the value added approach with example.
6. Name the sectors contribute to the GDP with examples.
7. Write the sector wise Indian GDP composition in 2017.
8. what are the factors supporting to develop the Indian economy
9. Write the name of economic policies in India.
10. Write a short note 1) Gross National Happiness (GNH) 2) Human Development Index (HDI).
VI Write in detail answer
1. Briefly explain various terms associated with measuring of national income.
2. What are the methods of calculating Gross Domestic Product? and explain its.
3. Write about the composition of GDP in India.
4. Write the differences between the growth and development. 5. Explain the Developmental path based on GDP and employment.
6. Explain the following the economic policies
1.Agricultural Policy
2.Industrial policy
3.New economic policy
VII Activity and Project
1. Students are collect the Gross Domestic Product datas of Tamilnadu and compare the other state of Karnataka and Kerala’s GDP.
2. Students are collect the details of Employment growth of Tamilnadu.
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