Economics Class 10 Solutions, MCQ, Notes, Book FREE PDF Download

Consumer Rights Short Questions Question: What is the main focus of the Consumer Rights chapter? Answer: The chapter focuses on the protection and awareness of consumers in the marketplace. Question: When did the consumer movement in India begin? Answer: The consumer movement in India began in the 1960s. Question: What does COPRA stand for? Answer: […]

Globalisation and the Indian Economy Short Questions 1.What is globalisation? Answer: Globalisation is the process of connecting countries through trade, investment, and the movement of goods and services. 2. What does MNC stand for? Answer: MNC stands for Multinational Corporation. 3. What is the main motive of MNCs? Answer: The main motive of MNCs is […]

Money and Credit Short Questions 1. What is meant by the term “double coincidence of wants”? Answer: It refers to the situation in a barter system where two people each have something the other wants. 2. Why is money called a medium of exchange? Answer: Money acts as an intermediate in the exchange process, eliminating […]

Sectors of the Indian Economy Short Questions 1. What is the main basis of classifying economic activities into sectors? Answer: They are classified on the basis of the nature of activities performed. 2. Which sector is also called the agriculture and related sector? Answer: The primary sector is also called the agriculture and related sector. […]

Development Short Questions Question: What is the main idea discussed in the chapter “Development”? Answer: The chapter discusses different meanings, goals, and measures of development among individuals and countries. Question: Why do different persons have different notions of development? Answer: Because their life situations and needs are different. Question: What is per capita income? Answer: […]

Consumer Rights LET’S WORK THESE OUT (Page No. 77) 1. What are the various ways by which people may be exploited in the market? Answer: People may be exploited in the market in many ways such as: Traders may weigh less than what they should. They may charge more than the actual price printed on […]

Globalisation and the Indian Economy LET’S WORK THIS OUT (Page No. 57) Complete the following statement to show how the production process in the garment industry is spread across countries. The brand tag says ‘Made in Thailand’ but they are not Thai products. We dissect the manufacturing process and look for the best solution at […]

Money and Credit LET’S WORK THESE OUT (Page No. 40) 1. How does the use of money make it easier to exchange things? Answer: The use of money makes exchange easier because money acts as a medium of exchange. In a barter system, exchange is possible only when there is a double coincidence of wants […]

Sectors of the Indian Economy LET’S WORK THESE OUT (Page No. 21) 1. Complete the above table to show how sectors are dependent on each other. Answer: TABLE 2.1 EXAMPLES OF ECONOMIC ACTIVITIES EXAMPLE WHAT DOES THIS SHOW? Imagine what would happen if farmers refuse to sell sugarcane to a particular sugar mill. The mill […]

Development LET’S WORK THESE OUT (Page No. 6) 1. Why do different persons have different notions of development? Which of the following explanations is more important and why? (a) Because people are different. (b) Because life situations of persons are different. Answer: Different persons have different notions of development because their needs, desires and living […]