NCERT Solutions for Class 10 Economics – Understanding Economic Development – Free PDF Download
NCERT Solutions for Class 10 Economics is a brilliant section which is based on economics and the terms related to the economic development of a country. Notions based on economic development of a country and its calculation are explained in brief in this subject. To get a clear idea of the technical terms, students should first understand the subject using the NCERT Solutions available at BYJU’S. The top experts prepare the solutions with the aim of helping students ace the exam without fear. Students will also get to know about the national income, average income of a country, economic growth and per capita income.
In Class 10 Economics, you will learn the process of development of the Indian Economy. You will firstly see the beginnings of development in terms of the emergence of agriculture, manufacturing and services as three distinct sectors of the economy. Then you will learn the concept of human development that includes the development of health and education and other indicators that, along with income, broadly define the quality of life of people. To help to understand all these concepts in an effective way, we have provided the NCERT Solutions for Class 10 Economics. These solutions offer chapter-wise answers to all the exercise questions.
NCERT Solutions for Class 10 Economics
The faculty mainly focus on the basic concepts and terminology of Economics so that students get a grip on the subject. These new concepts cannot be understood easily without the support of a proper study material. The best way to learn the syllabus is to make use of the NCERT Solutions for Class 10 Economics designed by the set of inhouse experts at BYJU’S. This is one of the crucial subjects when it comes to board exam preparation. Students are highly recommended to complete the syllabus prior to the exam so that sufficient time is remaining for revision.
The Class 10 Economics book “Understanding Economic Development” contains 5 chapters. Students can find the NCERT Solutions of all these chapters in the table below:
|Chapter 1: Development|
|Chapter 2: Sectors of the Indian Economy|
|Chapter 3: Money and Credit|
|Chapter 4: Globalisation and the Indian Economy|
|Chapter 5: Consumer Rights|
After reading these chapters, students would be able to understand the economic life around them. Also, they can comprehend what is meant by economic development for people. Many examples and case studies from the NCERT Book for Class 10 Social Science have been used as an aid for conceptual clarity to ensure students can easily relate these ideas to reality.
NCERT Solution for Class 10 Economics Chapters Overview
The important terminology and concepts from the NCERT Social Science Class 10 Book are explained in a simple language in the NCERT Solutions. The faculty provide the chapter wise solutions with the aim of helping students prepare well and manage the study schedule accordingly. Students will also understand how to calculate the economic condition of a country and how it is compared with the other countries. After learning the chapter, students are advised to answer the exercise questions on their own. You can have a look at the summary of each chapter below.
Chapter 1: Development – Term I
This chapter helps you understand the idea of development for a nation’s growth. The chapter has total 13 questions, out of which first 3 are of objective type, and the remaining 10 are descriptive. Students can find the answers to all these questions in the solution file.
Topics Covered in Class 10 Economics Chapter 1 Development for First Term:
- What Development Promises – Different people different goals
- Income and other goals
- National Development
- How to compare different countries or states?
- Income and other criteria
- Public Facilities
- Sustainability of development
Chapter 2: Sectors of the Indian Economy – Term I
An economy is best understood when you study its components or sectors. Sectoral classification is done on the basis of several criteria. In this chapter, three types of classifications are discussed: primary/secondary/tertiary; organised/unorganised; and public/private. The exercise contains questions related to these sectors. This chapter has total of 14 questions, 2 are MCQs, 1 is match the following, one is odd one out and remaining are of descriptive nature.
Topics Covered in Class 10 Economics Chapter 2 Sectors of the Indian Economy for First Term:
- Sectors of Economic Activities
- Comparing the three sectors
- Primary, Secondary and Tertiary Sectors in India
- Division of sectors as organized and unorganized
- Sectors in terms of ownership: Public and Private Sectors
Chapter 3: Money and Credit – Term II
In this chapter, you will study the history of money. Here, you will find the questions related to credit, the functioning of banks, different sources of credit in India, Self Help Groups, borrowers, etc. The exercise contains a total of 13 questions, out of which one is MCQ, and one is fill in the blank. Some of the questions are short, while some are descriptive type of questions.
Topics Covered in Class 10 Economics Chapter 3 Money and Credit for Second Term:
• Money as a medium of exchange
• Modern forms of money
• Loan activities of Banks
• Two different credit situations
• Terms of credit
• Formal sector credit in India
• Self Help Groups for the Poor
Chapter 4: Globalisation and the Indian Economy – Term II
Most regions of the world are getting increasingly interconnected. One of the major reasons for this is globalisation. In this chapter, you must have learned about globalisation in depth. The exercise contains questions based on the definition of globalisation, factors which impact and enable globalisation in India. There are a total of 13 questions in this chapter, out of which one is MCQ, one is fill in the blank, one is based on match the following and the remaining are descriptive ones.
Topics Covered in Class 10 Economics Chapter 4 Globalisation and the Indian Economy for Second Term:
- Production across countries
- Interlinking production across countries
- Foreign Trade and integration of markets
- What is globalization?
- Factors that have enabled Globalization
- World Trade Organization
- Impact of Globalization on India
- The Struggle for a fair Globalization
Chapter 5: Consumer Rights
After studying this chapter, you will know that the awareness of a well-informed consumer arises from the consumer movement and active participation of people in struggle movements. You will also get to know about some of the organisations which have helped the consumer in making them aware of the product. Finally, the chapter ends with some critical issues of the consumer movement in India. The exercise contains a total of 13 questions. Out of which, one question is match the following, and one is true and false. You will find the answers to all questions in the solutions PDF.
We hope students have found these NCERT Solutions for Class 10 Economics helpful in their studies. Keep learning and stay tuned for further updates on CBSE and other competitive exams. Download the BYJU’S App and subscribe to the YouTube channel to get interactive Maths and Science videos.
For more answers related to the subject, students can download the solutions using the links given below.
- NCERT Solutions for Class 10 History
- NCERT Solutions for Class 10 Geography
- NCERT Solutions for Class 10 Political Science