Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | What is marketable surplus?
What is marketable surplus?
Marketable surplus refers to the difference between the total output produced by a farmer and his on-farm consumption. In other words, it is that portion of the total output that the farmer sells in the market.
Marketable surplus = Total farm output produced by farmer - Own consumption of farm output.
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- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. Chairperson of the planning commission
D. The money value of all the final goods and services produced within the economy in one year.
E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
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Explain ‘growth with equity’ as a planning objective.
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Why and how was the private sector regulated under the IPR 1956?
- Q:-
Define a plan?
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- Q:-
Why should plans have goals?
- Q:-
Why did India opt for planning?
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