The making of the global world questions and answers Exercise question and answer 1. Give two examples of different types of global exchanges which took place before the seventeenth century, choosing one example from Asia and one from the Americas.…
The making of a Global World The Pre-modern World Pre modern refers to the economic system which emerged since 50 years. We can see through history, Human societies are interlinked from ancient times by travellers, traders, priests and pilgrims travelled…
Consumer rights Question and answer Exercise Question and Answer 1. Why are rules and regulations required in the marketplace? Illustrate with a few examples. Ans: Rules and regulations are required to protect consumers in the marketplace. Individual consumers often find…
Economics Chapter 5 – Consumer Rights World Consumer Rights Day is observed on March 15 every year What are consumer rights? The rules and regulations are required for the protection of consumers in the marketplace. Individual consumers often find themselves…
Chapter 3 Money and Credit Questions and Answers Exercises question and answers 1. In situations with high risks, credit might create further problems for the borrower. Explain. Ans: The situations with high risks, credit might create further problems for the…
Money and Credit Notes Introduction Money is used to make transactions like buying and selling goods and services. money acts as an intermediate in the exchange process, it is called a medium of exchange. Why is money used for transactions?…
Lifeline of National Economy Notes Introduction We use different materials and services in our daily life. Some of these are available in our immediate surroundings, while other requirements are met by bringing things from other places. Goods and services do…
Lifeline of National Economy Exercises question and answer 1 . Multiple choice questions. (i) Which two of the following extreme locations are connected by the eastwest corridor? (a) Mumbai and Nagpur (b) Silchar and Porbandar (c) Mumbai and Kolkata (d)…
Water Resource Questions and Answers 1. Multiple choice questions. (i) Based on the information given below classify each of the situations as ‘suffering from water scarcity’ or ‘not suffering from water scarcity’. (a) Region with high annual rainfall. (b) Region…
Forest and Wildlife Resources Questions and Answers 1. Multiple choice questions. (i) Which of these statements is not a valid reason for the depletion of flora and fauna? a) Agricultural expansion.b) Large-scale developmental projects.c) Grazing and fuel wood collection.d) Rapid…
