Q1. What is a sector?
Ans. The economy may be classified into subdivisions called sectors (also called industries) in several ways. Sectors may be further subdivided into subsectors.
2.What role does bank play in national economy?give three points.(3 marks)
Ans. Banks play a very important role in our national economy as
a) banks mediate between those who have surlpus funds--depositors & those who are in need of these funds--borrowers.
b) banks give credit on easy terms.
c) if banks will not be there, there will be be no demand deposits or cheque payments .
d) RBI issues currency.
3.what is the role of money lender in rural economy?(3 marks)
--He is the informal source of credit in rural areas &
-- the only source who can give credit with out collateral.
--borrowers can approach moneylender without repaying their earlier loans.
4.what developmental goals encourage woman to work outside their home?(3 marks)
--more money to run household.