STUDYSHIPMAIN

Chapter 2 Indian Economy 1950-90 Economic Planning: Means utilisation of country’s resources in different development activities in accordance with national priorities. Goals of Planning in India a. Long Term Goals (To be achieved over a period of 20 years) b. Short Term Goals (To be achieved over a period of five years) LONG TERM GOALS OBJECTIVES OF PLANNING A. Modernisation – Adoption of new technology and changes in social outlook B. Self reliance – Reducing dependence on imports. C. Economic Growth – Increase in the aggregate output of Goods & services. D. Equity – Reduction in inequality of income and wealth E. Full employment – refers to a situation when all the people in the working-age group is actually engaged in some gainful employment. SHORT TERM GOALS / OBJECTIVES OR OBJECTIVES OF FIVE YEAR PLANS Short term objectives vary from plan to plan depending on current needs of the country. For example first plan (1951-56) focused on higher agricultural production while in sec...

ECONOMICS CH- 3 LIBERLISATION, PRIVATISATION AND GLOBALISATION Q1) Fiscal policy of the government refers to: 1.Taxation policy 2) Government expenditure policy 3.Both 1 & 2 4)None of the above Q2) India has been a successful export of ..........in the reform period. Q3) During the reform period employment generation increased.True/False(Reason) 4) List the services that has been outsourced by companies of developed countries to India. 5.Fiscal policy reforms in India had a –ve impact on development and welfare expenditure. Defend or refute. 6. Distinguish between the following (i) Strategic and Minority sale (ii) Bilateral and Multi-lateral trade (iii) Tariff and Non-tariff barriers. 7) Why are tariffs imposed? 8) What is the meaning of quantitative restrictions? 9. Those public sector undertakings which are making profits Should be privatised. Do you agree with this view? Why? 10. Do you think outsourcing is good for India? Why are developed countries opposing it? 11. India has c...

Q1) The destruction of handicraft industry in India coincided with the industrial revolution in Britain. Was it a mere coincidence? Q2) How will the growth of food processing industry help solve the problem of disguised unemployment in Indian agriculture? Q3) Industrialisation leads to structural shift in the economy. Comment. Q4) Define Small Scale Industries. How do they help in promoting rural development? Q5) Explain how there was a reversal of growth process under the British Raj in India. Q6) Why was the public sector given the flagship role in the process of growth and development after independence. Q7) Are you in favour of withdrawl of susbsidies to the Indian farmers? Support your answer with reason. Q8) The gains of Green Revolution were significant, but with its own set of limitations. Comment. Q9) Emergence of public sector monopolies in India eventually turned to be a ‘dead social weight’. Write ‘True or False’ with reason.

Economics Ch 8 Infrastructure Class 12 Infrastructure refers to the basic supporting structure which is built to provide different kinds of services in an economy. They help in promoting production activities. There are two types of infrastructures: Economic Infrastructure  Social Infrastructure Relevance of infrastructure  Improves Agriculture: Agriculture largely depends upon infrastructure for transportation of seeds, pesticides, insurance & banking facilities & carrying the produce to the markets through roadways, railways & shipping facilities. Generates Linkages in Production: Improved infrastructure generates an environment of inter- industrial  linkages where expansion of one industry facilitates the expansion in another industry.  Raises Economic Development: infrastructure contributes to the economic development of a country, both by increasing the productivity of factors of production & improving the quality of life of its people.  Rai...