Why did Indian merchants and industrialists support the Civil Disobedience Movement ? Explain.
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Indian merchants and industrialists supported the Civil Disobedience Movement for two primary reasons: 1. They wanted protection against the import of foreign goods, which was harming their businesses. 2. They were against colonial policies that restricted their business activities and desired a rupee-sterling foreign exchange ratio that would discourage imports.
Q2short answer2 marks
Examine the significance of railways as a means of transport, with two arguments.
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1. Economic Integration: Railways are the principal mode of transportation for freight and passengers in India, linking different regions and facilitating the nationwide movement of raw materials and finished goods. 2. National Unity: They have been instrumental in integrating the Indian economy and binding the diverse geographical regions of the country together, fostering cultural and social interaction.
Q3short answer2 marks
How does the quality of democracy depend on the degree of public participation ?
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The quality of democracy is directly proportional to public participation. When citizens take an active interest in the political process—such as voting, engaging in debates, monitoring the government, or protesting against unjust policies—the government remains more accountable, transparent, and responsive to the needs of the people.
Q4short answer1 mark
Study the given flowchart and answer the question: Which is the basic material required for garment manufacturing ?
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The basic material required for garment manufacturing is fiber or fabric (textiles). In the context of the manufacturing flowchart, 'Raw Material' typically refers to cotton or yarn which serves as the input.
Q4short answer1 mark
Which is the basic material required for garment manufacturing ?
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The basic material required for garment manufacturing is fiber, such as cotton, wool, silk, or synthetic fibers.
Q4short answer1 mark
Give one example of value addition in the textile industry.
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An example of value addition in the textile industry is the process of spinning raw cotton fiber into yarn, or weaving yarn into fabric, which increases the economic value of the raw material.
Q5short answer1 mark
Study the given flowchart and answer the question: Give one example of value addition in the textile industry.
Step-by-Step AI Explanation
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An example of value addition in the textile industry is the conversion of raw cotton (fiber) into yarn (spinning) or the conversion of yarn into cloth (weaving/knitting), which increases the market value of the product.
Q5short answer2 marks
How is an essential feature of money ?
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The essential feature of money is that it acts as a 'medium of exchange'. It eliminates the need for the 'double coincidence of wants' required in a barter system, as it is generally accepted by everyone for the purchase of goods and services.
Q6short answer3 marks
Differentiate between formal and informal sources of Credit.
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Formal sources of credit include banks and cooperatives, whose activities are supervised by the Reserve Bank of India (RBI). They charge lower rates of interest and are regulated to ensure fair practices. Informal sources of credit include moneylenders, traders, relatives, and friends. They are not regulated by any authority, typically charge very high interest rates, and often lead to a debt trap for borrowers.
Q7short answer3 marks
How does a bank work as a key component of the financial system ? Explain.
Step-by-Step AI Explanation
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Banks act as a financial bridge between those who have surplus money (depositors) and those who need money (borrowers). They accept deposits from the public, pay interest on these deposits, and then provide loans to businesses and individuals at a higher interest rate. The difference between what is paid to depositors and what is earned from borrowers is the bank's main source of income, thereby facilitating capital flow for economic development.
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