Class 10 Exam > Class 10 Videos > Social Studies (SST) Class 10 > Quick Revision: Life Lines of National Economy
Quick Revision: Life Lines of National Economy Video Lecture | Social Studies (SST) Class 10
FAQs on Quick Revision: Life Lines of National Economy Video Lecture - Social Studies (SST) Class 10
| 1. What are the various life lines of national economy? |  |
Ans. The various life lines of national economy include agriculture, industry, trade, transport, and communication.
| 2. How does agriculture contribute to the national economy? | |
Ans. Agriculture contributes to the national economy by providing food, raw materials for industries, employment opportunities, and foreign exchange through exports.
| 3. What role does the industry play in the national economy? | |
Ans. Industries play a significant role in the national economy by producing goods and services, creating employment, contributing to GDP growth, and promoting economic development.
| 4. Why is trade important for the national economy? | |
Ans. Trade is important for the national economy as it helps in expanding markets, increasing competition, promoting innovation, facilitating the flow of goods and services, and boosting economic growth.
| 5. How do transport and communication act as life lines of the national economy? | |
Ans. Transport and communication play a crucial role in the national economy by facilitating the movement of goods and people, connecting markets, enhancing productivity, and promoting economic development.
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