Indian Economy 1950-1990 — Economics STD 12 Commerce — Question

Why was public sector given a leading role in industrial development during the planning period?

Explain negative impacts of liberalisation and globalisation on business and industry in India.

Explain the factors responsible for rapid growth in economic development in China.

How did the construction of railways affect the structure of the Indian economy?

What are the three basic sources of generating power?

What are the differences between education and literacy?

Differentiate between:

1. Formal and Informal Sector.
2. Seasonal and Disguised Unemployment.

Read the passage given below and answer the following questions from 1 to 4.
India has seen a long and rich history of handicrafts. Years and years of evolution and refinement have made it possible for India to retain a coveted spot in the handicrafts landscape of the world. Where the ancients were exemplary in their craft, the contemporary craftsmen are adept in using the knowledge of the ancients by adding modem craft techniques to them. They have carefully preserved this age - old art that represents dignity, style and beauty of the Indian culture.
Voyaging through the lanes of Indian handicrafts is a tempestuous affair. There are seen striking ups and downs throughout the late 2000s, had a grave impact on handicrafts industry.
Despite the growth of handicraft industry in India and the measures taken by the government to promote handicrafts, the average earning of a craftsman when compared to that of other fields is very low. Hence, the younger generation is moving to other fields with only the elder craftsmen being left behind. The country needs younger generation of craftsmen to carry on the tradition of handicrafts, and this is only possible by ensuring the assistance of craftsmen to improve their techniques, availability of quality raw materials, direct marketing channels, credit and better wages and providing them with socio-economic benefits.
Source: The statesman.com Nov. 1, 2018

1. India had a world wide reputation of..........?

1. Handicrafts
2. Landscape
3. Labour
4. None of these

2. To preserve handicrafts industry and to promote it the country should encourage younger generation of craftsmen helping them with:

1. availability of quality raw materials
2. better wages
3. direct marketing channels
4. All of the above

3. During British rule Indian handicrafts were discouraged by ......... on their exports.

1. Removal of Rajas
2. Nawabs
3. Giving subsidies
4. None of these

4. Decay of indigenous handicrafts during British rule was due to:

1. introduction of discriminatory tariff policy
2. Industrial Revolution in Britain
3. commercialisation of agriculture
4. Both [a] and [b]

Discuss pains and gains of globalisation.

Discuss how the use of Information Technology can help in rural development of India.