Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal NCERT Solutions | How is RBI controlling the commercial ba

Distinguish between the following

(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.

Agriculture sector appears to be adversely affected by the reform process. Why?

Why were reforms introduced in India?

Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?

Do you think outsourcing is good for India? Why are developed countries opposing it?

Why did RBI have to change its role from controller to facilitator of financial sector in India?

Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

What do you understand by devaluation of rupee?

Why are tariffs imposed?

Why has the industrial sector performed poorly in the reform period?

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.

Define a plan?

Who is a worker?

Explain the term ‘infrastructure’.

What is meant by environment?

Why are regional and economic groupings formed?

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?

Why calorie-based norm is not adequate to identify the poor?

What do you understand by the drain of Indian wealth during the colonial period?

What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?

Define a plan?

What are the main problems of human capital formation in India?

Highlight any two serious adverse environmental consequences of development in India. India’s environmental problems pose a dichotomy — they are poverty induced and, at the same time, due to affluence in living standards — is this true?

Explain the term ‘infrastructure’.

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)

What are the indicators of educational achievement in a country?

What do you mean by rural development? Bring out the key issues in rural development.