Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | Why was it necessary for a developing co
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.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990
- Q:-
Why was the public sector given a leading role in industrial development during the planning period?
- 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.
- Q:-
What is marketable surplus?
- Q:-
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
- Q:-
Explain ‘growth with equity’ as a planning objective.
- Q:-
Why and how was the private sector regulated under the IPR 1956?
- Q:-
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
- Q:-
Why should plans have goals?
- Q:-
Why did India opt for planning?
- Q:-
Define a plan?
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why were reforms introduced in India?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
India has abundant natural resources —substantiate the statement.
- Q:-
Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan) - Q:-
Were there any positive contributions made by the British in India? Discuss.
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
Evaluate the various factors that led to the rapid growth in economic development in China.
- Q:-
What were the main causes of India’s agricultural stagnation during the colonial period?
- Q:-
Explain how investment in education stimulates economic growth.
- Q:-
Critically evaluate the role of the rural banking system in the process of rural development in India.
- Q:-
Meena is a housewife. Besides taking care of household chores, she works in the cloth shop which is owned and operated by her husband. Can she be considered as a worker? Why?
- Q:-
Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11