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ECONOMY, 02. SECTORS OF THE INDIAN ECONOMY, , Q.1. What do you understand by GDP (Gross Domestic Product) of a country?, Ans. It is the calculation of values of all final goods and services within a year., CSO ( CENTRAL STATISTICAL ORGANIZATION) in india GDP calculate., , Q.2. Mention different sectors of economy as per nature of activity., Ans. Primary sector, Secondary sector, Tertiary sector, , Q.3. Short note on three sectors, Or, Difference between three sectors, Ans. Differences between Primary, Secondary and Tertiary Sector, Primary Sector, , Secondary Sector, , Tertiary Sector, , It is known as the agricultural, and allied sector services, , It is known as the, manufacturing sector, , It is known as the service, sector, , This sector provides raw, materials for goods and services, , This sector transforms one, good into another by creating, more utility from it, , The tertiary sector provides, useful services for the primary, and secondary sectors, , The primary sector is, unorganized and uses traditional, , The secondary sector is, organized and uses better, , This sector is well organized, and uses modern-day logistics

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techniques, , methods of production, , techniques to perform its, functions, , Activities in this sector consist, of agriculture, forestry and, mining, , It includes manufacturing, units, small scale units, large, firms and multinational, corporations, , Banking, insurance trade and, communications come under, this sector, , In most developing nations such, as India, this sector is where a, large section of the workforce is, employed, in comparison to, developed nations, , The employment rate is in, equilibrium as a specialized, set of skills is required to, find employment in this, sector, , This sector’s employment, share has increased in the, ensuing years, , Q.4. Difference between organised and unornaised sectors., Ans. Differences Between Organised and Unorganised Sector, Organised Sector, , Unorganised Sector, , The term of employment in the organised, sector are regular., , The term of employment in an unorganised sector, is irregular., , This sector has to follow the rules and, regulations of government., , This sector has rules but they didn’t follow the, government., , They are registered by the government., , They are not registered by the government., , Workers in this sector enjoy the security, of employment., , Workers in this sector have no fixed employment.

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Organised Sector, , Unorganised Sector, , Employes of this sector get paid during, holidays, leave etc., , Employes don’t get paid for holidays or leave., , If there is more work, they get paid, overtime by the employers., , When there is less work, some people may be, asked to leave their job., , Employes of this sector enjoy the other, benefits like medical facilities etc., , Employes of this sector are not supposed to enjoy, other benefits., , Q.5. Name of one source from which we get data for employment and, unemployment in india., Ans. National sample survey organization (NSSO) and Census Commission of india, provide data on employment and unemployment in india., , Q.6. Difference between public and private sectors., Ans. Differences Between Public and Private Sector, , Public Sector, , Private Sector, , This sector is controlled and managed by, the government., , This sector is owned by a private individual., , The purpose of the public sector is not, , Activities in the private sector are guided by the

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Public Sector, , Private Sector, , just to earn profits., , motive to earn profits., , This sector focuses on serving the, general people of the country i.e. public, welfare., , This sector focuses on constructing a brand image., , Capital is obtained by public revenue, such as taxes, bonds, other duties and, many more., , Capital can be obtained by issuing shares or loans in, this sector., , Extremely secured employment by, parameters of merit, progress or term of, working., , This doesn’t ensure security of employment, totally, based on merit and production output., , Highly secured job, multiple retirement, facilities etc., , It doesn’t give any retirement benefit or allowances., , Jobs under this sector: Railways, Post, office, Armed forces, Education etc., , Jobs under this sector: Tata Iron and Steel Company, Limited, Reliance, IT sector etc., , Q.7. NREGA 2005 :- (Right to work), The Union government has allocated Rs.72000 crores for The Mahatma Gandhi, National Rural Employment Guarantee Act, (MGNREGA) scheme in 2021-22., , MGNREGA Full Form, , Mahatma Gandhi National Rural Employment Guarantee, Act

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When the MGNREGA, Scheme officially, launched?, , 2nd February 2006, , What was MGNREGA, earlier called?, , It was known to be National Rural Employment Guarantee, Act, , Are MGNREGS and, MGNREGA the same?, , MGNREGS is a scheme which is based on the MGNREGA, (Act), , Number of Districts, covered under the, MGNREGA Scheme?, , As of 11th February 2021; 708 districts are covered, , Key Stakeholders under, MGNREGA, , The Mahatma Gandhi National Rural Employment, Guarantee Act was passed on 23rd August 2005, , , , , , , , , , , , Wage seekers, Gram Sabha (GS), Three-tier Panchayati Raj Institutions (PRIs), Programme Officer at the Block level, District Programme Coordinator (DPC), State Government, Ministry of Rural Development (MoRD), Civil Society, Other stakeholders (In line departments,, convergence departments, Self-Help Groups (SHGs), , What is MGNREGA Job, Card?, , It is a document that renders a worker entitled for work, under the MGNREGA Scheme, , Mandate of Mahatma, Gandhi NREGS, , Provision of at least 100 days of work that provides, guaranteed wage in a financial year