Sectors of the Indian Economy
Meghalaya Board · Class 10 · Social Science
Flashcards for Sectors of the Indian Economy — Meghalaya Board Class 10 Social Science. Quick Q&A cards covering key concepts, definitions, and formulas.
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Explore the full setWhat is the primary sector and why is it called 'primary'?
Answer
The primary sector includes activities that directly use natural resources like agriculture, dairy, fishing, forestry, and mining. It is called 'primary' because it forms the base for all other produc…
Secondary Sector
Answer
The secondary sector covers activities where natural products are changed into other forms through manufacturing. Examples include making cloth from cotton, sugar from sugarcane, and bricks from earth…
What activities are included in the tertiary sector and why is it also called the service sector?
Answer
The tertiary sector includes activities that help develop primary and secondary sectors but don't produce goods themselves. Examples are transport, storage, communication, banking, trade, teaching, he…
Why do we count only 'final goods and services' when calculating GDP?
Answer
We count only final goods to avoid double counting. Final goods already include the value of all intermediate goods used in making them. For example, if biscuits cost ₹80, this already includes the va…
Gross Domestic Product (GDP)
Answer
GDP is the value of all final goods and services produced within a country during a particular year. It shows how big the economy is. In India, the central government ministry measures GDP with help f…
Describe the historical pattern of sectoral change observed in developed countries.
Answer
Initially, the primary sector was most important. As farming methods improved and produced surplus food, people moved to other activities. The secondary sector became most important during industriali…
Which was the largest producing sector in India in 1973-74 and which is it in 2013-14?
Answer
In 1973-74, the primary sector was the largest producing sector in India. By 2013-14, the tertiary sector had emerged as the largest producing sector, replacing the primary sector. This shows the risi…
Why is the tertiary sector becoming increasingly important in India? Give four reasons.
Answer
1. Basic services like hospitals, schools, courts, transport are required in any developing country. 2. Development of agriculture and industry creates demand for transport, trade, and storage service…
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