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Identify the benefits and limitations of organic farming.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

Enlist some problems faced by farmers during the initial years of organic farming.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

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Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Which of the following industry was not reserved for the government in Industrial Policy Resolution, 1956?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

There were 29 industries under public sector out of which how many industries were under schedule A?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Which status has been accorded to the retail chains and supermarkets for selling organic food?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

Industrial Policy Resolution (IPR) 1956 formed the basis of the ____________ Five Year Plan.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

From the following given sets of statements in columns I and II, choose the correct pair of statements.

  Column I   Column II
A Exports of goods and services i Excess of Exports of goods over the Imports of goods
B Trade Surplus ii An element of invisible items
C Current Transfers to rest of the world iii Recorded as a positive item in the BOP account
D Portfolio Investments iv Foreign Institutional Investors
[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

“Income method” is also known as ______.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
Concept: undefined >> undefined

Read the following hypothetical text and answer the given question:

India’s Micro, Small and Medium Enterprises (MSME) sector is poised for a mega transformation in 2020, with the launch of an Alibaba-like e-marketplace, trendy yet affordable khadi products to appeal to the masses and digital data-based credit ratings to help entrepreneurs avail loans. However, the MSME sector, often considered the bulwark of the economy as it contributes around 29% to the GDP and 48% to the Indian exports. There is an urgent need of major reforms and policy interventions towards ensuring timely availability of low cost credit, improving ease of doing business and technological up gradation, to take on the formidable challenge of creating millions of jobs, ensure equitable distribution of national income and achieving large-scale import substitution. The World Bank has recently approved loan worth $750 million to address the immediate liquidity and credit needs of India’s MSME sector that has been severely impacted by the Covid-19 crisis. This will give a push to the Atmanirbhar Bharat vision of the government.

Identify which of the following is not an advantage of the MSME sector?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Read the following hypothetical text and answer the given question:

India’s Micro, Small and Medium Enterprises (MSME) sector is poised for a mega transformation in 2020, with the launch of an Alibaba-like e-marketplace, trendy yet affordable khadi products to appeal to the masses and digital data-based credit ratings to help entrepreneurs avail loans. However, the MSME sector, often considered the bulwark of the economy as it contributes around 29% to the GDP and 48% to the Indian exports. There is an urgent need of major reforms and policy interventions towards ensuring timely availability of low cost credit, improving ease of doing business and technological up gradation, to take on the formidable challenge of creating millions of jobs, ensure equitable distribution of national income and achieving large-scale import substitution. The World Bank has recently approved loan worth $750 million to address the immediate liquidity and credit needs of India’s MSME sector that has been severely impacted by the Covid-19 crisis. This will give a push to the Atmanirbhar Bharat vision of the government.

MSME sector suffered to a large extent in COVID-19 pandemic situation due to ______.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Read the following hypothetical text and answer the given question:

India’s Micro, Small and Medium Enterprises (MSME) sector is poised for a mega transformation in 2020, with the launch of an Alibaba-like e-marketplace, trendy yet affordable khadi products to appeal to the masses and digital data-based credit ratings to help entrepreneurs avail loans. However, the MSME sector, often considered the bulwark of the economy as it contributes around 29% to the GDP and 48% to the Indian exports. There is an urgent need of major reforms and policy interventions towards ensuring timely availability of low cost credit, improving ease of doing business and technological up gradation, to take on the formidable challenge of creating millions of jobs, ensure equitable distribution of national income and achieving large-scale import substitution. The World Bank has recently approved loan worth $750 million to address the immediate liquidity and credit needs of India’s MSME sector that has been severely impacted by the Covid-19 crisis. This will give a push to the Atmanirbhar Bharat vision of the government.

Read the following statements - Assertion (A) and Reason (R)

Assertion (A): Small scale industries ensure a more equitable distribution of national income and wealth.

Reason (R): The ownership of small scale industries is more wide spread than the ownership of large scale industries.

Select the correct alternative from the following:

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Read the following hypothetical text and answer the given question:

India’s Micro, Small and Medium Enterprises (MSME) sector is poised for a mega transformation in 2020, with the launch of an Alibaba-like e-marketplace, trendy yet affordable khadi products to appeal to the masses and digital data-based credit ratings to help entrepreneurs avail loans. However, the MSME sector, often considered the bulwark of the economy as it contributes around 29% to the GDP and 48% to the Indian exports. There is an urgent need of major reforms and policy interventions towards ensuring timely availability of low cost credit, improving ease of doing business and technological up gradation, to take on the formidable challenge of creating millions of jobs, ensure equitable distribution of national income and achieving large-scale import substitution. The World Bank has recently approved loan worth $750 million to address the immediate liquidity and credit needs of India’s MSME sector that has been severely impacted by the Covid-19 crisis. This will give a push to the Atmanirbhar Bharat vision of the government.

State whether the given statement is true or false:

Small Scale Industries are the largest employer of the labour force in India.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Read the following figure carefully and choose the correct pair from the alternatives given below:

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
Concept: undefined >> undefined

_________ committee was set up for the development and promotion of small scale industries in India.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

First Industrial Policy Resolution of Independent India was announced in the year ______.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Distinguish between Factor Cost and Market Price.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
Concept: undefined >> undefined

“Organic Farming is the need of the hour to promote sustainable development but, has its own limitations.”

Elaborate any two advantages and limitations each of organic farming in the light of the above statement.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

State the meaning of organic farming. Discuss how does it help in promoting sustainable development.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined
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