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 because: 1. They wanted protection against the import of foreign goods, which was harming their businesses. 2. They desired a rupee-sterling foreign exchange ratio that would discourage imports. 3. They formed bodies like the FICCI to limit colonial interference in the Indian economy and sought business-friendly policies to expand their activities.
Q2short answer2 marks
Examine the significance of pipeline as a means of transportation in the country.
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Pipelines are significant because: 1. They are the most convenient and efficient mode of transporting liquids and gases (like crude oil, petroleum, and natural gas) over long distances. 2. They are eco-friendly, energy-efficient, and have low maintenance costs after installation. 3. They reduce trans-shipment losses and delays, ensuring a continuous supply to refineries and thermal power plants.
Q3short answer2 marks
Why has India adopted a multi-party system? Explain.
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India has adopted a multi-party system because: 1. India is a vast country with immense social and geographical diversity, which a two-party system cannot effectively represent. 2. A multi-party system allows a variety of interests and opinions from different regional, social, and linguistic groups to be represented in the political process.
Q4short answer2 marks
How is an essential feature of money?
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Money acts as a medium of exchange because it is generally accepted in transactions. It serves as a common unit of value, eliminating the need for the 'double coincidence of wants' required in a barter system, thereby facilitating trade and economic activity.
Q5short answer2 marks
Study the given flowchart and answer the questions that follow: (5.1) Which is the basic material required for garment manufacturing? (5.2) Give one example of value addition in the textile industry.
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(5.1) Fiber/Yarn is the basic material required for garment manufacturing. (5.2) Spinning fiber into yarn or weaving/knitting yarn into fabric represents value addition.
Q5short answer1 mark
Which is the basic material required for garment manufacturing?
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The basic material required for garment manufacturing is fiber (or yarn).
Q5short 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 conversion of raw cotton into yarn, or the dyeing, printing, and embroidery done on plain fabric to create finished garments.
Q6short answer3 marks
(a) Differentiate between formal and informal sources of Credit. OR (b) How does a bank work as a key component of the financial system? Explain.
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Formal sources of credit (banks, cooperatives) are supervised by the RBI, offer lower interest rates, and follow strict documentation. Informal sources (moneylenders, friends, traders) are not supervised, charge higher interest rates, and often exploit borrowers through unfair practices, but are easier to access without collateral.
Q6short answer3 marks
(a) Differentiate between formal and informal sources of Credit.
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Formal sources of credit include banks and cooperatives, which are supervised by the Reserve Bank of India (RBI). They charge low interest rates and follow strict documentation procedures. In contrast, informal sources include moneylenders, traders, relatives, or friends. They are not supervised by any authority, typically charge much higher interest rates, and often lack formal record-keeping, making them prone to exploiting borrowers.
Q6short answer3 marks
(b) How does a bank work as a key component of the financial system? Explain.
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A bank acts as a financial intermediary by accepting deposits from people who have surplus money and paying them interest. It then uses these deposits to provide loans to those who need capital for various activities, charging a higher interest rate on loans than it pays on deposits. The difference between these rates constitutes the bank's profit, allowing it to efficiently mobilize savings and drive economic growth.
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On the same given map of India, locate and label the following: (a) (I) Narora Nuclear Power Plant OR (II) Bengaluru Software Technology Park (b) Indira Gandhi International Airport
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