STD-10 SOCIAL-SCIENCE CH-18 QUIZ (ENG-MED)

 STD-10 SOCIAL-SCIENCE (ENG-MED)

CH-18 Price Rise and Consumer Awareness

Short Question

Q 1. When does price rise becomes hindrance in the development of economy?

ANS: When prices of goods or services increases invariably and continuously at high rates, the consumers have to pay more price. This means the supply of money increases in the market. But, at the same time the production of goods and services do not increase as quickly as the price rise. Here the customer is paying more, but is getting less. This is called inflation.

Q 2. What is plan and non-plan expenditure?

ANS: The expenditure done by the government are of two types. They are:

(i) Plan expenditure and

(ii) Non-plan expenditure.

(i) Plan Expenditure: The expenditure that government thoroughly discussed in the budget and sets estimates for it in the Planning Commission under the Five Year Plan is called ‘Plan Expenditure’. Example: Expenditure to be done on building, roads and bridges, generating electricity, raising irrigation al facilities, etc.

(ii) Non-plan Expenditure: The expenditure to be done for day to day routine activities of the government is called “Non-plan Expenditure”. Example: Administrative expenses of government, salaries of government employees, different welfare schemes and fairs, celebrations and various other public and private expenditures.

Q 3. What is administered priced mechanism?

ANS: To prevent hoarding and to maintain the prices of essential goods at reasonable level and to ensure their easy availability, the government fixes the prices of certain commodities. This is called administered price mechanism.

In other words, the government administers the price of commodities in the market. It asks the traders to sell the goods at the fixed prices decided by the Government.

Q 4. What are ‘Essential Commodities Act’ and ‘PASA’?

ANS: To keep price level under control, the Government has implemented a law called ‘Essential Commodities Act, 1955’.

As per this Act, if the trader does not sell goods according to the prices fixed by the Government, it can initiate proceedings against the trader and penalize him. PASA means ‘Prevention of Anti-Social Activities Act’. Under PASA, the government initiates legal proceedings and undertakes intensive campaigns against hoarders, black marketers and speculators.