Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
Self-reliance implies discouraging the imports of those goods that could be produced domestically. Achieving self-reliance is of prime importance for a developing country like India as otherwise, it would increase the country's dependence on foreign products. Dependence on foreign goods and services can promote economic growth of India but this would not contribute to the development of domestic productive resources. Dependence on foreign goods and services provides impetus to foreign country's industries at the cost of domestic infant industries. Further, imports drain away the scarce foreign reserves that are of prime importance to any developing and underdeveloped economy. Therefore, achieving self-reliance is an important objective for developing countries in order to avoid themselves from being acquiescent to the developed nations.
Why was the public sector given a leading role in industrial development during the planning period?
Match the following:
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. 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. |
What is marketable surplus?
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
Explain ‘growth with equity’ as a planning objective.
Why and how was the private sector regulated under the IPR 1956?
Why should plans have goals?
Define a plan?
Why did India opt for planning?
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the two major sources of human capital in a country?
What do you mean by rural development? Bring out the key issues in rural development.
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
What are the various means by which countries are trying to strengthen their own domestic economies?
What is the significance of ‘energy’? Differentiate between commercial and non-commercial sources of energy.
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
Why did RBI have to change its role from controller to facilitator of financial sector in India?
How is human development a broader term as compared to human capital?
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources.
Group the following features pertaining to the economies of India, China and Pakistan under three heads
• One-child norm
• Low fertility rate
• High degree of urbanisation
• Mixed economy
• Very high fertility rate
• Large population
• High density of population
• Growth due to manufacturing sector
• Growth due to service sector.
What objectives did the British intend to achieve through their policies of infrastructure development in India?
Why are less women found in regular salaried employment?
An establishment with four hired workers is known as (formal/informal) sector establishment.