ECONOMICS ( MINIMUM PASS )
1) What is national income?
• Total value of country’s goods and services production in one year.
2) Gross Domestic Product?
• Total value of output of goods and services
- within the geographical boundaries of the country.
3) importance of Gross Domestic Product.
• Economic growth.
• Economic planning.
4) Per Capita Income ?
National Income
• PCI = ---------------------
Population
5) value added approach with example.
• Tea powder, water, milk, sugar = TEA
• Intermediate goods = FINAL OUTPUT
6) economic policies in India.
• Agriculture Policy
• Industrial Policy
• Population Policy
• New Economic Policy
• Employment Policy
• Wage Policy
7) Globalization ?
• Links our country with the world economy.
8) types of Globalization.
1. Archaic Globalization
2. Proto Globalization
3. Modern Globalization
9) Write short note on Multinational Corporation.
• Multinational Corporation is a corporate Organisation. Eg: TVS
10) Fair trade ?
• Fair trade - way of doing business.
11) principles of Fair Trade Practices.
• Opportunities
• Respect for Environment.
12) Write any two positive impact of Globalization.
• Standard of living,
• Increasing GDP
13) food security according to FAO.
“ All people, at all times, have safe and nutritious food for an active and healthy life “.
14) basic components of food and nutrition security?
1. Availability of food
2. Access to food
3. Absorption of food
15) role of FCI in Green Revolution?
1. MSP - crops.
2. Godowns - food crops.
16) What are the effects of Green Revolution?
• HYV programme,
• Self-sufficiency in food production
17) name of the nutrition programmes in Tamil Nadu.
1. MMP – Mid – Day meal Programme
2. PTMGRNMP – Puratchi Thalaivar M.G.R Nutrition Meal - Programme
18) tax.
• Taxes are compulsory payment to the government.
• New Economic Policy
• Employment Policy
• Wage Policy
19) Why we pay tax to the government ?
• Government ‘s functions.
• Transport, Education, Healthcare,
20) What are the types of tax? Give examples.
1. Direct Taxes : Income Tax, Wealth Tax and Corporate Tax
2. Indirect Taxes : Stamp duty, Entertainment tax and GST
21) Write short note on Goods and Service Tax.
• 1
st
July 2017.
• On goods and services.
• Motto ‘ One Nation, One Market, One tax
22) progressive tax?
• When income increases, the tax rate also increases.
23) What is meant by black money?
• Black Money means the unaccounted money.
24) What is tax evasion?
• Illegal TAX evasion by individuals, Corporations and Trusts.
25) What is the difference between tax and payments?
Taxes Payments
1. Tax Payer :
No direct benefit
Fee Payer :
Direct benefits
26) industrial cluster ?
• Industrial cluster is a group.
27) any three industrial development agencies in Tamil Nadu and their role.
1. SIPCOT
2. TIDCO
3. TANSI
28) Entrepreneur?
• Entrepreneur - innovator of new ideas.
29) What is Entrepreneurship?
• Entrepreneurship - creative activity.
10th class|social|ECONOMICS | MINIMUM PASS NOTES
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