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NCERT SOLUTIONS CLASS 11 INDIAN ECONOMY CHAPTER 2

INDIAN ECONOMY : 1950-1990

EXERCISE SOLUTIONS

QI2.1. Define a plan.

QI2.2. Why did India opt for planning?

QI2.3. Why should plans have goals?

QI2.4. What are miracle seeds?

QI2.5. What is marketable surplus?

QI2.6. Explain the need and type of land reforms implemented in the agriculture sector.

QI2.7. What is Green Revolution? Why was it implemented and how did it benefit the farmers? Explain in brief.

QI2.8. Explain 'growth with equity' as a planning objective.

QI2.9. Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.

QI2.10. Why was it necessary for a developing country like India to follow self-reliance as a planning objective?

QI2.11. What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy? Comment.

QI2.12. Why was public sector given a leading role in industrial development during the planning period?

QI2.13. Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during times of shortage.

QI2.14. While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.

QI2.15. Why despite the implementation of green revolution, 65% of our population continued to be engaged in the agriculture sector till 1990?

QI2.16. 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.

QI2.17. Explain how import substitution can protect domestic industry.

QI2.18. Why and how was private sector regulated under the IPR 1956?

QI2.19. 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.