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

(i) Interpret the given picture based on the Saansad Adarsh Gram Yojana (SAGY) initiated by the Government of India.

(II) State any two examples of allied activities.

'Subsidies provide an incentive for wasteful use of resources.'Do you accept/ reject? Justify your answer.

Why and how was private sector regulated under the IPR 1956?

Briefly discuss the main features of International trade during the British rule.

Read the passage given below and answer the following questions from 1 to 4.
Human capital, intangible collective resources possessed by individuals and groups within a given population. these resources include all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively, the cumulative total of which represents a form of wealth available to nations and organizations to accomplish their goals. The concept of human capital stems from the economic model of human resource capitalism, which emphasizes the relationship between improved productivity or performance and the need for continuous and long-term investments in the development of human resources. Investments in human capital are viewed as affecting national and global economic performance or, more narrowly, where investments in people are viewed as crucial to organization performance. For an organization, this model suggests that high productivity and performance depend on developing learning systems that reflect the commitment of an organization to its human resources. As a result, ongoing investments in training, skill development, and job enrichment engender a reciprocal commitment among members to organizational goals and objectives.

1. The stock of skill and expertise of a nation at a point of time is called _Capital.

1. Real
2. Physical
3. Human
4. None of these

2. Which of the following is not a source of Human Capital Formation?

1. Education
2. Saving
3. Health
4. Information

3. _is based on the idea that education and health are integral to human well-being.

1. Economic Development
2. Human Development
3. Social Growth
4. None of these

3. __________ is/ are the reason for rural-urban migration in India.

1. Unemployment
2. Health facilities
3. Money
4. All of these

How does poverty line categorise poor people?

Give some of the long-term results of global warming.

Due to its quality, Indian indigo was in great demand in Britain. In 1810, almost 95% of the indigo imported into Britain was from India. Indigo production became a very profitable business and many Britishers became indigo planters. They advanced loans to peasants at high rate and forced them to cultivate indigo in 25% of their land. They paid a low price for the indigo. As the indigo plant had deep roots, it exhausted the soil fertility and the land was unfit for rice cultivation. Do you think that the above practices of the British were justified?

Give the list of 'navaratna' companies.

‘The reform process implemented in the late 1970s, commonly known as China’s open door policy, encompassed a wide range of reforms across sectors like agriculture, investment, industry etc. These reforms played a pivotal role in driving the rapid growth of the Chinese economy over subsequent decades.’
In the light of the given text, discuss any two reforms responsible for the rapid economic growth of China.