Please select a subject first
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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
During the British rule in India, Indian agricultural output witnessed stagnation due to ______.
Concept: Agricultural Sector in India
State and explain any two main causes behind infrastructural development by British rule.
Concept: Infrastructure
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
Government spends on child immunization programme. Analyse its impact on Gross Domestic Product and welfare of the people.
Concept: GDP and Welfare
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
A consumer consumes only two goods X and Y and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use utility analysis.
Concept: Cardinal Approach (Utility Analysis)
A consumer consumes only two goods X and Y and is in equilibrium. Show that when the price of good X falls, demand for good X rises. Use Utility Analysis.
Concept: Cardinal Approach (Utility Analysis)
Discuss briefly the concept of 'Externalities', with suitable example.
Concept: GDP and Welfare
"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
Which of the following was NOT the benefit accruing from 'Golden Revolution'?
Concept: Agriculture
"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
In the first phase of Green Revolution, output was restricted mainly to ______.
Concept: Agriculture
'Agriculture sector has been adversely affected by the Economic reform process.’ Comment.
Concept: Agriculture
Complete the table:
| Producer | Value of output | Intermediate Consumption |
Value Added |
| Farmer | 2,000 | - | 2,000 |
| Banker | __(i)__ | 2,000 | 2,000 |
| Retail Seller | 4,400 | (iii) | 400 |
| Total | __(ii)__ | 6,000 | __(iv)__ |
Concept: Circular Flow of Income and Methods of Calculating National Income
Explain the concepts of Opportunity Cost and Marginal Rate of Transformation using a production possibility schedule based on the assumption that no resource is equally efficient in production of all goods.
Concept: Concept of Opportunity Cost
Explain the difference between "Shift of Supply Curve" and "Movement along Supply Curve". State one factor responsible for each. Use diagrams.
Concept: Movements Along and Shifts in Supply Curve
When the Average Product (AP) is maximum, the Marginal Product (MP) is: (Choose the correct alternative)
(a) Equal to AP
(b) Less than AP
(c) More than AP
(d) Can be any one of the above
Concept: Average and Marginal Physical Products
Explain the central problem of "choice of technique".
Concept: Basics of Production Theory
