Why are tariffs imposed?
Tariffs are imposed to make imports from foreign countries relatively more expensive than domestic goods, thereby discouraging imports indirectly. These are imposed to provide a safe and protective environment to the infant domestic firms from their technologically advanced foreign counterparts. Tariffs facilitate the domestic firms to survive and grow. Tariffs are also imposed on those goods that the government thinks to be socially unwanted and imports of which will exert unnecessary burden on the scarce foreign exchange reserves.
How is RBI controlling the commercial banks?
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 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?
What objectives did the British intend to achieve through their policies of infrastructure development in India?
Why did India opt for planning?
Why was the public sector given a leading role in industrial development during the planning period?
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
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. |
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.
Illustrate the difference between rural and urban poverty. Is it correct to say that poverty has shifted from rural to urban areas? Use the trends in poverty ratio to support your answer.
Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?
What are the functions of the environment?
Indicate the volume and direction of trade at the time of independence.