Class 9th Science Unit Test/Periodic test-1 Sample Paper | CBSE Sample Paper Set-1
Class 9th UT-1 Sample Paper Set-1
Unit 4 Introduction to Insurance | Class 9th Banking & Insurance Notes
Unit 4 Introduction to Insurance Video | Class 9th Banking & Insurance
Unit 4 Introduction to Insurance Notes | Class 9th Banking & Insurance
Detailed Explanation of Unit IV: Introduction to Insurance
1. Risk
Risk refers to the possibility of loss, damage, or an uncertain event affecting individuals or organizations. It can arise due to natural events, accidents, economic changes, or unforeseen circumstances.
Real-Life Example:
A business owner faces the risk of fire damaging their warehouse or a car owner risks accidental damage to their vehicle.
2. Financial Implications of Risk
Risk leads to financial uncertainty and potential monetary loss, which can:
- Affect personal or business finances.
- Cause inability to fulfill liabilities.
- Result in loss of assets or income.
Real-Life Example:
A family without health insurance faces significant financial burden during unexpected medical emergencies.
3. Insurance — Mechanism of Covering Risk
Insurance is a risk management tool that offers financial protection by transferring the risk to an insurance provider in exchange for premiums.
- How it Works:
- The insured pays a premium.
- The insurer pools funds from many policyholders.
- The insurer compensates for the insured’s financial loss if the event occurs.
Real-Life Example:
A homeowner purchases fire insurance. In case of fire, the insurer compensates for damages to the property, reducing the financial burden.
4. Functions of Insurance
a. Primary Functions
- Certainty of Payments:
Insurance provides assurance of financial compensation for covered losses.
Example: A life insurance policy guarantees payment to the nominee in the event of the policyholder’s death. - Risk Sharing:
The financial burden of loss is distributed among multiple policyholders.
Example: Medical insurance funds are pooled, enabling the insurer to pay for individual claims.
b. Secondary Functions
- Prevention of Loss:
Insurers encourage safe practices to minimize risks, such as installing fire alarms or seat belts.
Example: Car insurers promote safe driving habits through premium discounts. - Providing Investment Avenues:
Premiums collected are invested in various financial instruments, benefiting policyholders indirectly.
Example: Life insurance policies often offer maturity benefits as a mix of protection and investment. - Improves Efficiency:
By mitigating financial risks, insurance allows individuals and businesses to focus on productivity.
Example: A factory owner insured against machinery breakdown can operate without fear of unexpected financial strain.
5. Benefits of Insurance
- Risk Mitigation: Provides financial protection for unpredictable events.
- Encourages Savings: Policies like life insurance combine saving and risk coverage.
- Economic Growth: Insurer investments contribute to infrastructure and development.
- Social Security: Ensures financial support during adversities.
- Peace of Mind: Reduces stress associated with potential losses.
Real-Life Example:
A farmer insuring crops against natural calamities can focus on farming without fearing total loss during floods or droughts.
6. Insurance Policy
An insurance policy is a contract between the insurer and the insured, outlining the terms of risk coverage, premium, and compensation.
Types of Insurance Policies:
- Life Insurance: Covers the life of an individual.
- Health Insurance: Covers medical expenses.
- Motor Insurance: Covers damage to vehicles.
- Property Insurance: Covers damage to assets like homes or businesses.
- Travel Insurance: Covers risks during travel, such as delays or medical emergencies.
- Liability Insurance: Covers legal liabilities like third-party damages.
7. Life vs. General Insurance
a. Life Insurance
Life insurance provides financial security to the family or dependents of the policyholder.
Types of Life Insurance:
- Term Insurance: Pure protection for a fixed term.
Example: A 35-year-old purchases a 20-year term plan to secure their family. - Endowment Policy: Combines savings with protection.
Example: Policyholder receives the sum assured after the policy matures. - Whole Life Insurance: Coverage throughout the insured’s life.
Example: A policyholder ensures funds are available for their children’s education even after their death. - Unit Linked Insurance Plans (ULIPs): Investment plus insurance.
b. General Insurance
General insurance provides coverage for assets, health, travel, and liabilities.
Types of General Insurance:
- Health Insurance: Covers medical and hospitalization costs.
Example: A family health insurance policy covers treatment for illnesses or accidents. - Motor Insurance: Covers damages to vehicles or third-party liabilities.
Example: A car owner claims insurance for repairs after an accident. - Home Insurance: Protects homes from fire, theft, or natural disasters.
- Travel Insurance: Covers trip cancellations or medical emergencies during travel.
Summary
Insurance is a critical financial tool for managing risks, offering protection, and promoting economic growth. With a wide range of policies available, individuals and businesses can safeguard themselves against unforeseen losses and focus on productivity.
10 Most Important Questions with Solutions
- Define risk and explain its financial implications.
Ans: Risk is the possibility of financial loss or damage. Financial implications include monetary uncertainty, asset loss, and income disruption. - What is insurance, and how does it help cover risks?
Ans: Insurance is a risk management mechanism transferring financial risks to insurers in exchange for premiums. - State and explain the primary functions of insurance.
Ans: The primary functions are providing certainty of payments and sharing risks among policyholders. - What are the secondary functions of insurance?
Ans: These include loss prevention, offering investment avenues, and improving efficiency. - List the benefits of insurance.
Ans: Risk mitigation, savings promotion, economic growth, social security, and peace of mind. - Differentiate between life and general insurance.
Ans: Life insurance covers an individual’s life, while general insurance protects assets, health, and liabilities. - Explain the types of life insurance with examples.
Ans: Term insurance offers pure protection, endowment policies combine savings with protection, and whole life policies cover the entire lifespan. - What are the features of motor insurance?
Ans: Covers vehicle damages, third-party liabilities, and theft. - What is the role of health insurance?
Ans: Provides financial support for medical treatments and hospitalization expenses. - Describe the importance of insurance in real-life scenarios.
Ans: Insurance ensures financial security during adversities, such as health emergencies or property damage.
Unit-1 Introduction of Banking | Class 9th Banking & Insurance Notes
Unit 1 Introduction to Banking Video | Class 9th Banking & Insurance
Unit 1 Introduction to Banking Notes | Class 9th Banking & Insurance
Chapter 4 Food Security in India Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q.1. Assertion: Food security exists when all people, at all times, have physical, social, and economic access to sufficient, safe, and nutritious food to meet their dietary needs and food preferences.
Reason: Food security is a multi-dimensional concept that involves not only the availability of food but also access to food, utilization of food, and stability of food supply.
➤ Show AnswerAnswer: (A)
Q.2. Assertion: The Green Revolution helped to increase food production in India.
Reason: The Green Revolution involved the introduction of high-yielding varieties of crops, modern irrigation techniques, and use of chemical fertilizers and pesticides, which led to increased food production.
➤ Show AnswerAnswer: (A)
Q.3. Assertion: Chronic hunger is a result of food shortages.
Reason: Chronic hunger is a result of poverty and inequality, which limit people’s access to food.
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. Chronic hunger is not only a result of food shortages but also a result of poverty, inequality, and other factors such as poor health, inadequate sanitation, and lack of education.
Q.4. Assertion: The National Food Security Act (NFSA) aims to provide food security to all people in India.
Reason: The NFSA entitles poor households to receive 5 kg of food grains per person per month at subsidized prices under the PDS.
➤ Show AnswerAnswer: (A)
Q5. Assertion (A) : Food security, credit facilities guarantee social protection to the poor.
Reasoning (R) : Leakages in the administrative system perpetuates poverty.
➤ Show Answer Answer: (B)
Chapter 3 Poverty as a Challenge Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q.1. Assertion: Poverty is a major challenge for economic development.
Reason: Poverty is associated with low levels of human development, poor health, and low levels of productivity, which hinder economic growth.
➤ Show AnswerAnswer: (A)
Q.2. Assertion: Poverty is a rural phenomenon in India.
Reason: The majority of poor people in India live in rural areas.
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. Poverty is both a rural and urban phenomenon in India, and the majority of poor people in India live in rural areas.
Q.3. Assertion: The poverty line is determined on the basis of calorie requirements.
Reason: The poverty line is the minimum income required to meet the basic needs of an individual, which includes food, clothing, and shelter.
➤ Show AnswerAnswer: (A)
Q.4. Assertion: Poverty is only about income levels.
Reason: Poverty also involves deprivation of basic needs such as food, water, shelter, and education..
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. Poverty is not only about income levels but also involves deprivation of basic needs such as food, water, shelter, and education.
Q.5. Assertion: The government has no role to play in poverty reduction.
Reason: Poverty is a result of individual choices and cannot be eliminated by government policies.
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. The government has a crucial role to play in poverty reduction by implementing policies and programs that promote economic growth, education, healthcare, and social welfare. Poverty is not solely a result of individual choices, but also a result of systemic factors such as inequality, discrimination, and lack of opportunities.
Chapter 2 People as Resource Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q.1. Assertion: Education is an investment in human capital.
Reason: Education helps to develop the skills and knowledge of individuals, which in turn can lead to higher productivity and income levels.
➤ Show AnswerAnswer: (A)
Q.2. Assertion: The quality of population in a country is a crucial determinant of economic development.
Reason: A large population can be a burden on the economy, and only a small population can lead to economic growth.
➤ Show AnswerAnswer: (C)
The assertion is true, but the reason is false. The quality of population, which refers to the skills, knowledge, and health of individuals, is indeed a crucial determinant of economic development. However, a large population can also be a source of economic growth, provided the population is healthy, educated, and skilled.
Q.3. Assertion: Health and education are essential components of human resource development.
Reason: Health and education help to develop the skills and abilities of individuals, which in turn can lead to higher productivity and income levels.
➤ Show AnswerAnswer: (A)
Q.4. Assertion: The traditional sector of the economy is characterized by low productivity and low income levels.
Reason: The traditional sector comprises activities such as agriculture, handicrafts, and petty trade, which are often carried out by unskilled and semi-skilled workers.
➤ Show AnswerAnswer: (A)
Q.5. Assertion: The service sector is the most important sector of the economy in terms of employment generation.
Reason: The service sector comprises activities such as banking, insurance, education, and healthcare, which are highly labour-intensive.
➤ Show AnswerAnswer: (A)
Q.6. Assertion: Female education has a positive impact on the economy.
Reason: Educated women are more likely to participate in the labour force and contribute to economic growth.
➤ Show AnswerAnswer: (A)
Q.7. Assertion: Unemployment is a waste of human resources.
Reason: Unemployed individuals are not contributing to the economy and are a burden on society.
➤ Show AnswerAnswer: (A)
Q.8. Assertion: The government can play an important role in human resource development.
Reason: The government can invest in education, healthcare, and training programs to develop the skills and abilities of individuals.
➤ Show AnswerAnswer: (A)
Q.9. Assertion: Migration of people from rural to urban areas is beneficial for the economy.
Reason: Migration helps to shift labour from agriculture to manufacturing and services, which have higher productivity and income levels.
➤ Show AnswerAnswer: (C)
The assertion is true, but the reason is false. Migration of people from rural to urban areas can be beneficial for the economy as it helps to shift labour from agriculture to other sectors. However, the reason is incomplete as manufacturing and services are not the only sectors that have higher productivity and income levels.
Q.10. Assertion: Investing in human resource development is a long-term strategy for economic growth.
Reason: Developing the skills and abilities of individuals can lead to higher productivity, innovation, and technological advancement, which are essential for sustainable economic growth.
➤ Show AnswerAnswer: (A)
Chapter 1 The Story of Village Palampur Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q.1. Assertion: Agriculture is the main economic activity in Palampur.
Reason: More than 75% of the people in Palampur are engaged in farming.
➤ Show AnswerAnswer: (A)
Q.2. Assertion: Palampur has well-developed transportation facilities.
Reason: The village is well-connected to the nearest town by a network of roads and railways.
➤ Show AnswerAnswer: (A)
Q.3. Assertion: Education and healthcare are neglected in Palampur.
Reason: The government has not invested in these areas in the village.
➤ Show AnswerAnswer: (D)
Q.4. Assertion: The labourers in Palampur are paid very high wages.
Reason: The competition for labour is very high in the village.
➤ Show AnswerAnswer: (D)
Q.5. Assertion: The use of modern farming methods has increased the productivity of crops in Palampur.
Reason: The farmers in Palampur have adopted multiple cropping to increase productivity.
➤ Show AnswerAnswer: (A)
Q.6. Assertion: Palampur has a well-developed irrigation system.
Reason: The village is located near a perennial river, and the farmers use tube wells for irrigation.
➤ Show AnswerAnswer: (C)
The assertion is true, but the reason is false. Palampur does not have a well-developed irrigation system. Although the village is located near a perennial river, the farmers do not have access to canal irrigation, and they depend on tube wells for irrigation.
Q.7. Assertion: Palampur has a diverse range of crops grown throughout the year.
Reason: The village has a favourable climate for growing multiple crops.
➤ Show AnswerAnswer: (A)
Q.8. Assertion: The Green Revolution had no impact on agriculture in Palampur.
Reason: Palampur farmers have not adopted high-yielding variety seeds.
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. The Green Revolution had a significant impact on agriculture in Palampur, as farmers adopted modern farming methods and high-yielding variety seeds. However, not all farmers in Palampur have adopted these methods.
Q.9. Assertion: The villagers in Palampur have no access to formal credit.
Reason: The village does not have any banks or other financial institutions.
➤ Show AnswerAnswer: (D)
The assertion is false, but the reason is true. The villagers in Palampur do have access to formal credit, as there is a primary agricultural credit society in the village. However, the village does not have any banks or other financial institutions.
Q.10. Assertion: Palampur has a high level of economic inequality.
Reason: There is a wide disparity in the ownership of land in the village.
➤ Show AnswerAnswer: (A)
Chapter 4 Climate Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q1.Assertion: The amount of solar radiation varies with latitudes.
Reason:Due to shape of earth, the temperature of earth decreases from the poles to the equator.
ANSWER. (C)
Q2. Assertion (A): Houses in Tamil Nadu builton stilts.
Reason (R): Due to heavy rain, water cumulates leads to thick undergrowth.
ANSWER. (D)
Q3. Assertion (A): Monsoon winds blows in one direction only.
Reason (R): The lofty Himalayas obstruct their passage.
ANSWER. (D)
Chapter 5 Democratic Rights Assertation & Reasoning Questions Class 9th Social Science
In the questions given below, there are two Statements marked as Assertion (A) and Reason (R). Read the Statements and Choose the correct option: Options are:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(C) (A) is correct but (R) is wrong.
(D) (A) is wrong but (R) is correct.
Q1.Assertion: Democratic government has to be answerable to the people of the country for any steps taken by the government.
Reason: It is not a fundamental property of a democratic government.
ANSWER. (D)
Q2. Assertion (A): Rights are necessary for the very sustenance of a democracy.
Reason (R): In a democracy every citizen has to have the Right to Vote and the right to be elected to government.
ANSWER. (A)
Q3. Assertion (A): Freedom of Speech is the most important civil liberty of people in a democratic polity.
Reason (R): State can regulate free speech in the interest of public order.
ANSWER. (A)
Q4.Assertion (A): fundamental rights are enforceable by any court.
Reason (R): the supreme court has the authority to issue directions, orders or writs for the enforcement of any fundamental right
ANSWER. (D)
Q5. Assertion (A): rights need to be placed higher than the government
Reason (R): government should protect the citizens right when measure Rati dominates the minority people
Answer. ( B)
Q6. Assertion (A): constitution say that reservation are not a violation of the right to equality
Reason (R): sometime it is necessary to give special treatment to someone to ensure equal opportunity
Answer. ( A)
Q7. Assertion (A): fundamental rights guaranteed by the constitution are the only right citizen have
Reason (R): fundamental right are the source of all right
Answer. (D )