Economics

Indian Economy

Questions Bank

  • Private Sector consists of those production units which are owned by private entrepreneurs.
    Public Sectorconsists of those production units which are owned, managed and controlled by the government
    2018-02-13 14:53:16
  • Objectives of Planning are (i) Modernisation; (ii) Self-Reliance; (iii) Economic Growth; (iv) Equity; (v) Full Employment
    2018-02-13 14:52:44
  • Types of Economic System are (i) Mixed Economy; (ii) Capitalistic Econom; (iii) Socialistic Economy
    2018-02-13 14:51:59
  • Achievements of Green Revolution are (i) Rise in production and productivity; (ii) Increase in income; (iii) Rise in Commercial Farming; (iv) Impact on social revolution; (v) Increase in employment
    2018-02-13 14:51:17
  • Role of Industrial Sector in India are (i) Provides Employment; (ii) Raising People's Income; (iii) Promotes Regional Balance; (iv) Leads to modernisation; (v) Helps to Modernise Agriculture; (vi) Leads to self-Sustainable Development; (vii) High Potential for Growth
    2018-02-13 14:50:24
  • Problems of Industrial Development are (i) Sectoral Imbalances; (ii) Regional Imbalnce; (iii) Industrial Sickness; (iv) Higher cost of industrial product due to lack of healthy competition; (v) Dependence on the Government; (vi) Poor performance of the public sector
    2018-02-13 14:48:25
  • Problems of Small Scale Industries are (i) Difficulty of Finance; (ii) Shortage of Raw Material; (iii) Difficulty of Marketing; (iv) Outdated machines and equipments; (v) Competition from large scale industries
    2018-02-13 14:47:11
  • Trade Policy is the strategy is technically known as 'import substitution'. Import substitution means substituting imports with domestic production. Imports were protected by the imposition of tariff and quotas which protect the domestic firms from foreign competition
    2018-02-13 14:46:23
  • 2018-02-13 14:45:58

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