This PSEB 10th Class Social Science Notes Economics Chapter 2 Infrastructure of the Indian Economy will help you in revision during exams.
PSEB 10th Class Social Science Notes Economics Chapter 2 Infrastructure of the Indian Economy
→ Infrastructure: Infrastructure is that part of the capital stock of the economy which is necessary from the viewpoint of providing various kinds of services.
→ Economic Infrastructure: It refers to that capital stock that offers various types of productive services directly to the producers.
→ Means of Transport: Railways, Road transport, Water transport, and Air transport are the main means of transport.
→ Means of Communication: Post, telegraph, telephone, radio, television, fax, cinema, newspaper and magazines, etc. are the important means of communication in India.
→ Sources of Electric Power: Thermal power, Hydal power, and Nuclear power are the sources of power in India.
→ Sources of Irrigation: Rainfall, wells, tube-wells, ponds, canals are the main sources of irrigation in India.
→ Reserve Bank of India: This is the Apex of the Central Bank of India which was established in 1935.
→ Commercial Banks: Commercial Banks are those banks that generally give short-term loans.
→ Non-Banking Institutions: These are those institutions that raise money from the public and other sources and offer loans of that money. U.T.I and L.I.C. are two examples of these institutions in India.
→ Consumer: When we use any commodity we become consumers.
→ Consumer Exploitation: When a consumer is harassed by the business community due to a lack of information about products, it is known as consumer exploitation.
→ Consumer Protection: It means the protection of the buyers of consumer goods from the exploitation of the unfair trade practices of the producers.
→ Activities of Consumer Exploitation: Adulteration, sub-standard packed goods, use of non-standard weights or misleading and fabricated advertisements, and unfair Monopolistic and Restricted Trade Practices are such activities that exploit the consumers to a large extent.
→ Consumer Protection Act, 1986: This Act is one of the most important legal measures in protecting the rights of consumers.
→ Public Distribution System: The supply of essential commodities to the people through government agencies is known as the Public Distribution System.