KSEEB Solutions for Class 8 Economics Chapter 3 National Income and Sectoral Aspects of The Indian Economy

/ By

Students can Download Economics Chapter 3 National Income and Sectoral Aspects of The Indian Economy Questions and Answers, Notes Pdf, KSEEB Solutions for Class 8 Social Science helps you to revise the complete Karnataka State Board Syllabus and to clear all their doubts, score well in final exams.

Karnataka State Syllabus Class 8 Social Science Economics Chapter 3 National Income and Sectoral Aspects of The Indian Economy

Class 8 Social Science National Income and Sectoral Aspects of The Indian Economy Textbook Exercise Questions and Answers

I. Fill in the blanks:

1. Per capita income = National income divided by _______ (Population of the country)
2. Agency responsible for estimation of national income in India is _______ (Central Statistical Organization)
3. The highest share in national income of India today is from _______ sector (primary)
4. Small scale industries are defined in terms of _______ (investment)
5. Indian agriculture is said to be _______ with monsoons, (gamble)
6. Extent of irrigated area in India is about _______ percent of cultivated area. (30)

KSEEB Solutions

II. Answer the following questions:

Question 1.
Define national income.
Answer:
National income refers to the total value of goods and services produced annually in a country.

Question 2.
If the total income of a family of 5 members in 2015 was Rs.567890, calculate the per capita income of the members of the family.
Answer:
PCI = Total income / no of members of family
= 567890/ 5 = 113578

Question 3.
State how small industries are helpful for the growth of a country like India.
Answer:

  1. Small scale industries generate huge employment opportunities.
  2. Mobilization of resources and entrepreneurial skill
  3. Stimulate redistribution of wealth, income, and political power in a Society.
  4. Bring about the dispersion of industries across the country.
  5. Have a high capacity to generate and absorb innovations.
  6. Promotes exports

Question 4.
What are the reasons for the decline in the size of agricultural holdings in India?
Answer:
As the population dependent on agriculture has increased, the holdings have been subdivided into smaller pieces.

KSEEB Solutions

Question 5.
Examine the reasons for the crisis in Indian agriculture.
Answer:

  1. uneconomic size of cultivated holdings.
  2. High population pressure.
  3. Rainfed farming and recurrence of droughts.
  4. Partial impact of the green revolution. ‘
  5. Inadequate credit from institutional sources.

Question 6.
Discuss the measures to overcome the agricultural crisis in India.
Answer:

  • Increasing Public investment
  • Expanding credit availability
  • Marketing reforms
  • Crop insurance
  • Counseling and moral support
  • Regulating private money lenders

KSEEB Solutions