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Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.
Concept: Methods of Measurement of National Income >> Expenditure Method
Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
Concept: Concepts of Production Possibility Frontier
Government spends on child immunization programme. Analyse its impact on Gross Domestic Product and welfare of the people.
Concept: GDP and Welfare
State one example of positive economics.
Concept: Positive and Normative Economics
Given normal income, how can we find real income? Explain.
Concept: Methods of Measurement of National Income >> Income Method
Explain non-monetary exchanges as a limitation of using the gross domestic product as an index of the welfare of a country
Concept: Methods of Measurement of National Income >> Income Method
Give the meaning and characteristics of production possibility frontier.
Concept: Concepts of Production Possibility Frontier
A large number of technical training institutions have been started by the government. State its economic value in the context of production possibilities frontier.
Concept: Concepts of Production Possibility Frontier
Give one example of negative externalities.
Concept: A Simple Economy
Discuss briefly the concept of 'Externalities', with suitable example.
Concept: GDP and Welfare
Read the following text carefully and answer question given below:
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The centre's PM Gati Shakti Scheme will give much needed push to infrastructure development and logistic across India. This scheme will drive the economic growth by giving boost to industries such as steel and cement. Greater connectivity is expected to improve economic opportunities for small farmers and small and medium enterprises through new roads, cargo terminals etc. The Gati Shakti Scheme features at the centre stage of Budget 2022-23, highlighting the importance of quality multi-modal transport in achieving overall cost competitiveness. Under Gati Shakti Scheme, the railways will develop new products and services targeted at small farmers and businesses to help them become a part of layer supply chain. (Source: The Economic Times, Feb., 2, 2022 (Modified) |
- State the meaning of infrastructure.
- Explain any two objectives of PM Gati Shakti Scheme.
Concept: Infrastructure
"Many goods and services which may contribute to welfare, but are not included in estimating Gross Domestic Product (GDP)."
Do you agree with the given statement? Give valid reason in support of your answer.
Concept: GDP and Welfare
Statement 1: China introduced structural economic reforms on its own, without any pressure.
Statement 2: Scholars argue that in India, the economic reforms process led to the worsening of all the economic indicators.
Concept: Impact of the Economic Reforms
Which of the following was NOT the benefit accruing from 'Golden Revolution'?
Concept: Agriculture
From the set of the events given in Column-I and the corresponding year in Column-II, choose the incorrect pair:
| Column-I | Column-II | ||
| A. | Introduction of railways in India | (i) | 1850 |
| B. | Incorporation of TISCO | (ii) | 1807 |
| C. | First official census of India | (iii) | 1881 |
| D. | Opening of suez canal | (iv) | 1869 |
Concept: Industrial Sector
"Recently the Government of India has taken numerous steps towards increasing the farmer's income through agricultural diversification."
In light of the above statement, explain any two advantages of diversification in agriculture.
Concept: Agriculture
During the British rule in India, Indian agricultural output witnessed stagnation due to ______.
Concept: Agricultural Sector in India
In the first phase of Green Revolution, output was restricted mainly to ______.
Concept: Agriculture
Statement 1: Special Economic Zones (SEZ's) policy has led to huge Foreign Direct Investment (FDI) flow to China.
Statement 2: China's rapid industrial growth was the result of its economic reform in 1981.
In the light of the given statements, choose the correct alternative:
Concept: Impact of the Economic Reforms
State the meaning of 'Privatisation'.
Concept: Components of New Economic Policy >> Privatisation
