NCERT Solutions Class 10th Social Science Economics Chapter – 2 Sectors of Indian Economy Notes

June 8, 2022

NCERT Solutions Class 10th Social Science Economics Chapter – 2 Sectors of Indian Economy

Text Book	NCERT
Class	10^th
Subject	Social Science (Economics)
Chapter	2^nd
Chapter Name	Sectors of Indian Economy
Category	Class 10th Social Science Economic
Medium	English
Source	Last Doubt

NCERT Solutions Class 10th Social Science Economics Chapter – 2 Sectors of Indian Economy

Chapter – 2

Sectors of Indian Economy

Notes

Primary Sector – Producing a good by exploiting natural resources is an activity of primary sector, Such as: Agriculture, Dairy fishig forestry and so on. When we produce goods by exploiting natural resources, it is an activity of the primary sector.

Example: Agriculture, Dairy, Fishing, Forestry, etc.

Secondary Sector – Covers activites in which natural produts are changed into other forms through ways of manufacturing that we associate with industrial activities, Such as using cotton fiber from plant, making iron and steel from iron ore etc.

Example: Manufacturing and industrial activities, etc.

Tertiary Sector – These activities by themselves do not produce a good but they are an aid or a support for the production process. This sector is known as the Service sector also, Such as transport services, insurance services, and so on. These activities by themselves do not produce good but they are an aid and support to the production process.

Example: Trade, Transport, Banking, Tourism, etc

Private sector – Part of a country’s economic system rusn by individuals and companies, rather than the government.

Public sector – usually comprised of organization that are owned and operated by the government and exist to provide services for its citizens.

Organized sector – is a sector where the employment terms are fixed and regular, and the employees get assured work.

Unorganized Sector – is a sector where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.

Gross Domestic product – The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And sum of production in three sectors give Gross Domestic Product – GDP of the country. It is the value of all final goods and services produced within the country during a particular year.

GDP is also a monetary measure of the market value of all goods and services produced in a period i.e, Sum of Primary sector + Secondary sector + Tertiary sector.

Hidden unemployment – When more people are working that is needed and even if some people are removed from work, does not affect the total production. This situation is called disguised unemployment. It is also known as Hidden unemployment.

Mahatama Gandhi National Rural Employment Gurantee Act – was enacted in 2005 which aims to provide employment 100 days in a year. If it fails to do so, government will provide unemployment allowances to the people.

Share of Sectors in GDP
Primary Sector	(1971-72) Approximately 40%	(2011-12) 15%
Secondary Sector	25%	60%
Tertiary Sector	35%	100%
Total	100%	100%

Share of Sectors in Employment (%)
	(1972-73)	(2011-12)
Primary Sector	Approximately 74%	49%
Secondary Sector	11%	24%
Tertiary Sector	15%	27%
Total	100%	100%

Underemployment – This is the situation of where people are apparently working but all of them are made to work less than their potential. This kind of underemployment is hidden in contrast to someone who does not have a job. Hence, it is also called disguised unemployment.

Growing importance of Tertiary sector

In any country several services such as hospitals , educational institutions, post and telegraph services, police stations, courts, village administrative offices, municipal corporations, defense, transport, banks, insurance companies etc. are required.

The development of the agriculture and industrial leads to the development of services such as transport, trade, storage and the like. Greater the development of primary and secondary sectors more will be demand of such services.

As the income level rise, certain sections of people start demanding many more services like eating out, tourism, shopping , private hospitals, professional training etc. This is found especially in the big cities.

Over the past decade or so certain new services such as those based on the information and communication technology have become important & essential.

Question 1. What are the five major sectors of the economy?

The sectors of the economy: Primary, secondary, tertiary, quaternary and fifth.

Question 2. What is the first sector of Indian economy?

The correct option is 4 i.e. Agriculture.

Question 3. What are the four sectors of the economy?

The 4 different sectors of the economy are primary sector, secondary sector, tertiary sector and quaternary sector.

Question 4. What is the tertiary sector called?

Tertiary sector – The tertiary sector provides support to the primary and secondary sector and it also provides support to the production process. The tertiary sector is also called the service sector. Tertiary activities include financial services, transportation, telecommunications, health services, consulting, retail, etc.

Question 5. What is primary secondary and tertiary sector?

The primary sector includes basic industries such as fishing, mining and agriculture. In the secondary sector there are manufacturing industries. Tertiary sectors include end-point industries such as finance, hotels, trade, banking and tourism.

Question 6. What is the meaning of economy?

An economy is a social system of production, distribution, and consumption. It is a dynamic picture of the economy in a particular country or region. This picture is from a particular time period. For example, if we say ‘contemporary Indian economy’, it means.

Question 7. What is the characteristic of Indian economy?

The important characteristics of a developing economy are overpopulation, destitute or the most extreme population below the poverty line, a poor infrastructure, an agrarian economy, slow pace of capital growth and low per capita income.

Question 8. What is an example of tertiary sector?

The tertiary sector encompasses a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.

Question 9. What’s in the secondary sector?

The secondary sector includes electrical equipment manufacturing, food manufacturing, textile production, handicrafts and industries. For example, through the process of manufacturing using iron ore, we make cars, buses, trains.

Question 10. What is the quaternary sector of economic activity?

Quaternary Sector: Activities related to education, research and development etc. fall under the quaternary sector. It is also known as knowledge area.

NCERT Solution Class 10th Economics All Chapters Notes

Chapter – 1 Development

Chapter – 2 Sectors of Indian Economy

Chapter – 3 Money and Credit

Chapter – 4 Globalization and the Indian Economy

Chapter – 5 Consumer Rights

NCERT Solution Class 10th Economics All Chapters Question Answer

Chapter – 1 Development

Chapter – 2 Sectors of Indian Economy

Chapter – 3 Money and Credit

Chapter – 4 Globalization and the Indian Economy

Chapter – 5 Consumer Rights