Assignment : Economics – Class 9
Q.1 How small farmers manage the capital needed for farming?
Ans. Small farmers have to borrow money to arrange for the capital.
Q.2 From where small farmers borrow money?
Ans. Small farmers either borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation. The rate of interest on such loans is very high which makes it difficult for them to repay.
Q.3 How do medium and large farmers manage capital?
Ans. The medium and large farmers have their own savings from farming. They are thus able to arrange for the capital needed.
Q.4 What is the basic difference between two factors of production-land and capital?
Ans. Land is a natural resource whereas money is man made. It is possible to increase capital, whereas land is fixed.
Q.5 What do large and medium farmers do with their surplus farm products?
Ans. Large and medium farmers sell the surplus farm products. A part of the earnings is saved and kept for buying capital for the next season. Some farmers might also use the savings to buy cattle, trucks or to set up shops.
Q.6 Name the non-farm activities of Palampur?
Ans. Dairy farming, small scale manufacturing, trade, shopkeeping and providing transport services.
Q.7 How is dairy farming practiced in Palampur?
Ans. Many families sell the milk of their buffalos, in nearby village Raiganj. Traders of Shahpur town have set up collection cum chilling centres at Raiganj from where the milk is transported to far away towns and cities.
Q.8 What kind of manufacturing units are set up in Palampur?
Ans. Manufacturing in Palampur involves very simple production methods and are done on a small scale. They are carried out mostly at home or in the fields with the help of family labour.
Q.9 What kinds of shops are set up in Palampur?
Ans. There are small general stores selling items like rice, wheat, sugar, tea, oil, biscuits, soaps, toothpaste, batteries, candles, notebooks, pens, pencils and even some clothes. There are shops for eatables too.
Q.10 Which means of transport are used by the people of Palampur?
Ans. There are rickshawallahs, tongawallahs, jeeps, tractors, trucks, bullock carts and bogeys to transport goods and people to nearby village and towns of Palampur.
Q.11 What are the main activities of the people of village of Palampur?
Ans. Farming is the main activity in Palampur, whereas several other activities such as small scale manufacturing, dairy, transport, etc. are carried out on a limited scale.
Q.12 What type of sources are needed by these production activities?
Ans. Natural resources, man made items, human effort and money, etc. are the sources needed by production activities.
Q.13 How is Palampur village well connected with its neighbouring villages and towns?
Ans. Palampur is well connected with neighbouring villages and towns. An all weather road connects the village to Raiganj (a big neighbouring village) and further on to the nearest small town of Shahpur.
