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?

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

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

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 has the industrial sector performed poorly in the reform period?

Why are tariffs imposed?

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?

How government organisations facilitate the functioning of schools and hospitals in India?

While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.

Infrastructure contributes to the economic development of a country. Do you agree? Explain.

Explain the two categories into which infrastructure is divided. How are both interdependent?

Explain the role of micro-credit in meeting credit requirements of the poor.

What programmes has the government adopted to help the elderly people and poor and destitute women?

Name some notable economists who estimated India’s per capita income during the colonial period?

What are the functions of the environment?

Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?

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.