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Identify which of the following is not an example of ‘invisible item’ under Current Account of the Balance of Payments transactions:
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Under the Balance of Payments structure of a nation, the two main categories of accounts for the classification of the transactions are ____________ and ____________.
i. current account
ii. unilateral transfer account
iii. capital account
iv. loan account
Identify the correct alternatives from the following:
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____________ is the portion of agricultural produce which is sold in the market by the farmers, after meeting their self-consumption requirements.
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Before the advent of the Green Revolution in the 1960s, India was primarily dependent on ____________ for the supply of food grains.
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Read the following statements carefully and choose the correct alternatives given below:
Statement 1 - Subsidies do not add any burden on the financial health of a nation.
Statement 2 - Complete removal of subsidies may violate the aim of equitable distribution of income.
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Prior to India's independence, the stagnation in the agricultural sector was mainly caused by ____________.
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Read the following statements - Assertion (A) and Reason (R):
Assertion (A) - Major policy initiatives (land reforms and Green Revolution) helped India to become self-sufficient in food grains production.
Reason(R) - The proportion of people depending on agriculture did not decline as expected after the Green Revolution.
From the given alternatives choose the correct one:
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In equation C = a + by, the value of b lies between ______.
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Money on wings indicates ______.
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Final goods refer to those goods which are used either for ______ or for ______.
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Which of the following is not an indicator of human development?
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Work participation rate is:
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Female worker participation rate is:
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Read the following hypothetical text and answer the given question:
The performance of Indian economy during the period of first seven five year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producers but we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSU’s) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSU’s continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.
State whether the given statement is true or false:
Mechanization of the Indian agriculture was one of thecause of Green Revolution in India.
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Read the following statements carefully:
Statement 1: The consumption curve is an upward sloping straight line curve due to the direct relationship between income and consumption and the assumption of constant Marginal Propensity to Consume.
Statement 2: Aggregate Demand curve and Consumption curve are parallel to each other.
In the light of the given statements, choose the correct alternative from the following:
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Read the following statements carefully:
Statement 1: Export of financial services by India will be recorded on credit side of current account.
Statement 2: Foreign Direct Investments in India will be recorded on credit side of capital account.
In the light of the given statements, choose the correct alternative:
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‘Land ceiling promotes equity.’ Support the given statement with valid explanation.
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Discuss briefly, how institutional reforms (land reforms) have played a significant role in transforming Indian agriculture.
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Define agricultural marketing.
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Read the following text carefully and answer the given questions on the basis of the same and common understanding:
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The Green Revolution in India began in the mid-1960s marking a transition from traditional agriculture in India to high-yielding varieties of seeds and the associated modern agricultural techniques. The need for introduction of Green Revolution in India arose due to a shortage of food-grains in the post-independent period. he government in the post-independent India wanted to ensure self-dependence in terms of food-grain production. Such efforts coincided with the development of high-yielding varieties of seeds of wheat developed by Dr. Norman Borlung and his associates in Mexico. These seeds also necessitated changes in farming techniques such as the addition of fertilizers, pesticides and better irrigation facilities. High yielding varieties of seeds were first introduced in India in the states of Punjab, Haryana and parts of western Uttar Pradesh. In the early period of the green revolution in India, the focus was to acclimatise the new system with the more resource-intensive agricultural methods. The argument for introducing the new crop varieties was to increase agricultural production in terms of higher crop yields. The seeds introduced during the early period of the green revolution in Punjab were not highyielding by themselves. These high yields were possible due to the seeds being highly responsive to certain inputs such as irrigation water and fertilizers. The green revolution in India, thus, necessitated a resource-intensive process whereby, those who could make significant capital investments could benefit, whereas, those others became more marginalized in regions affected by practices of the green revolution in India. On one hand, the results derived from the green revolution helped farmers to increase their yield and income and on the other hand, it helped the government to procure and preserve more food grains through agencies like Food Corporation of India. These food grain reserves were helpful in creation of buffer stocks in India, which helped in the situations of adversities. |
- Why was Green revolution implemented and how did it benefit the farmers?
- Justify the following statement with valid explanation:
‘Green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during time of shortage’.
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