CBSE Guess > Papers > Question Papers > Class X > 2009 > Social Science > Social Science

Q. 27. Study the graph carefully and answer the questions that follow:

(27.1) Mention the percentage of loans taken by well-off households and households with few assets from formal sector.
(27.2) State the reason for high percentage of formal sector loans to rich households and high percentage of informal sector loans to poor households. 2+2=4

Ans. (27.1) Percentage of formal sector loans taken by
well-off households = 72%.
Percentage of formal sector loans taken by
households with few assets = 47%.

(27.2) There is a high percentage of formal sector loans taken by rich households because rich households are able to provide collateral (land, building, vehicle, livestock, land documents, bank deposits etc.) as security which is a necessary requirement of the formal sector at the time of extending loans.
Banks and other formal sources of credit are usually unwilling to give loans to the poor households as they fail to provide collateral. Thus the poor households turn to money-lenders, relatives, friends and other informal sources to meet their loan requirements. Thus the percentage of informal sector loans to poor households is high.

The following question is for the Blind Candidates only in lieu of Q. No. 27.
Name any two sources of formal sector loans. Also state two demerits of informal sector loans. 2+2=4

Ans. Two sources of formal sector loans:
(i) Banks (ii) Cooperative Societies
Demerits of informal sector loans:
(i) There is no organisation that supervises credit activities in the informal sector. Thus, they charge very high rates of interest.
(ii) They use unfair means to get their money back

Q. 28. “Fair globalisation is possible if the government plays a major role in making it possible.” Support the statement. 4

Ans. The government can play a major role in making fair globalisation possible. Fair globalisation would create opportunities for all, and also ensure that benefits of globalisation are shared better. Government policies must protect the interests not only of the rich and the powerful, but also of all the people in the country.
(i) Government should ensure that labour laws are implemented and workers’ rights are protected.
(ii) Government should support small producers to improve their performance till the time they become strong enough to compete.
(iii) If necessary, government should use trade and investment barriers.
(iv) It can negotiate with WTO for fairer rules.
(v) It can also align with other developing countries with similar interests to fight against the domination of developed countries in the WTO.

Social Science 2009 Question Papers Class X
Delhi		Outside Delhi		Compartment Delhi		Outside Delhi		Foreign
	Set 1 (PDF)		Set 1 (PDF)		Set 1		Set 1		Set 1 (PDF)
					Set 2		Set 2
					Set 3		Set 3