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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.
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"Under the flexible exchange rate system, the Central Bank does not intervene in the foreign exchange market."
Justify the statement, giving valid arguments.
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Explain the impact of home currency depreciation on the exports of a nation.
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Graphically, Aggregate Demand function can be obtained by vertically adding the ______ and ______ function.
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Suppose, the price of one UK Pound (£) has increased from ₹ 70 to ₹ 80, owing to market forces.
This means that value of Indian Currency (₹) has ______.
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Giving valid reason, state whether the following statement is true or false:
Depreciation of the Indian Currency will lead to promotion of Indian exports.
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State and explain any two main causes behind infrastructural development by British rule.
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What is perfect oligopoly?
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Find net value added at factor cost:
(Rs lakh)
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
iii) Sale 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1
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State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
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Explain the precautions that are taken while estimating additional income by the value-added method.
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State the different phases of change in the total product according to the Law of Variable Proportions. Use diagram
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What are the different phases in the Law of Variable Proportions in terms of Total Product ? Give reasons behind each phase. Use diagram.
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What do you understand by ‘parametric shift of a line’? How does a line shift when its (i) slope decreases, and (ii) its intercept increases?
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Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and level of income (Y) is Rs 4000 crores. State whether the economy is in equilibrium or not (cite reasons).
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What is the law of variable proportions?
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Match the following:
| 1. | Prime Minister | A. | Seeds that give large proportion of output |
| 2. | Gross Domestic Product | B. | Quantity of goods that can be imported |
| 3. | Quota | C. | Chairperson of the planning commission |
| 4. | Land Reforms | D. | The money value of all the final goods and services produced within the economy in one year |
| 5. | HYV Seeds | E. | Improvements in the field of agriculture to increase its productivity |
| 6. | Subsidy | F. | The monetary assistance given by government for production activities. |
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Discuss the importance of credit in rural development.
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Explain the role of microcredit in meeting credit requirements of the poor.
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Critically evaluate the role of the rural banking system in the process of rural development in India.
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