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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: Indian Economy During Reforms: An Assessment
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: Indian Economy During Reforms: An Assessment
State the meaning of 'Privatisation'.
Concept: Components of New Economic Policy >> Privatisation
'Agriculture sector has been adversely affected by the Economic reform process.’ Comment.
Concept: Agriculture
State and explain any two main causes behind infrastructural development by British rule.
Concept: Infrastructure
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
Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.
Concept: Concept of Unemployment
What is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy? Explain
Concept: Concept of Unemployment
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 the need for promoting women’s education in India.
Concept: Growth of Education Sector in India
Define worker-population ratio.
Concept: Workers and Employment
Ram is an owner of a salon. He is temporaily absent from work due to injury.
Can he be considered as worker? Explain.
Concept: Growth and Changing Structure of Employment
______ is a process, which includes all the activities from sowing till sale of the final produce in the market.
Concept: Agricultural Market System
______ have emerged as an important micro finance system and led to women empowerment.
Concept: Credit and Marketing in Rural Areas
