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Arts (English Medium) Class 12 - CBSE Question Bank Solutions for Economics

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In the first phase of Green Revolution, output was restricted mainly to ______. 

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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'Agriculture sector has been adversely affected by the Economic reform process.’ Comment. 

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

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Given normal income, how can we find real income? Explain.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Explain non-monetary exchanges as a limitation of using the gross domestic product as an index of the welfare of a country

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy? Comment.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Why was public sector given a leading role in industrial development during the planning period?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy’s resources. Discuss the usefulness of public sector undertakings in the light of this fact.

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

Explain how import substitution can protect domestic industry.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Why and how was private sector regulated under the IPR 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

‘Information technology plays a very significant role in achieving sustainable development and food security’ — comment.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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What is organic farming and how does it promote sustainable development?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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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
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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

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
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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
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