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All questions of Indian Economy 1950-1990 for Commerce Exam
The first Factories Act was enacted in- a)1881
- b)1895
- c)1897
- d)1885
Correct answer is option 'A'. Can you explain this answer?
The first Factories Act was enacted in
a)
1881
b)
1895
c)
1897
d)
1885
|
Malavika Sengupta answered |
The first Factories Act was enacted in 1881. Background:Before the Factories Act was enacted, there were no laws regulating the working conditions in factories. Workers, including women and children, were often subjected to long working hours, hazardous working conditions, and low wages. The first Factories Act was enacted to address these issues and improve the working conditions in factories.Key provisions of the Factories Act, 1881:1. Working hours: The Act limited the working hours to 12 hours per day for adults and 6 hours per day for children.2. Safety measures: The Act required factories to take safety measures to prevent accidents and injuries to workers.3. Employment of women and children: The Act prohibited the employment of children under the age of 7 and limited the working hours of women and children.4. Health measures: The Act required factories to provide clean and safe drinking water, adequate ventilation, and other health measures for workers.5. Inspection: The Act provided for the appointment of inspectors to ensure that the factories were complying with the provisions of the Act.Impact of the Factories Act, 1881:The Factories Act, 1881 was a significant step towards improving the working conditions in factories. The Act helped in reducing the working hours, improving safety measures, and providing better health facilities for workers. It also helped in reducing the exploitation of children and women in factories. However, the Act had certain limitations, and it was replaced by the Factories Act, 1891, which further strengthened the provisions relating to working conditions in factories.
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HYVP stands for- a)High Yielding Varieties Product
- b)High Yielding Varieties Programme
- c)High Yielding Various Programme
- d)High Yielding Various Product
Correct answer is option 'B'. Can you explain this answer?
HYVP stands for
a)
High Yielding Varieties Product
b)
High Yielding Varieties Programme
c)
High Yielding Various Programme
d)
High Yielding Various Product
|
Aryan Khanna answered |
High Yielding Variety Programme (HYVP) The core philosophy of the programme was to increase the productivity of food grains by adopting latest varieties of inputs of crops. Introduction of new high yielding varieties of improved seeds and enhanced application of the fertilizers and extended use of pesticides were its main features.
As per India Vision _____ Report prepared by Planning Commission India’s per capita income has doubled over the past 20 years- a)2015
- b)2005
- c)2020
- d)2010
Correct answer is option 'C'. Can you explain this answer?
As per India Vision _____ Report prepared by Planning Commission India’s per capita income has doubled over the past 20 years
a)
2015
b)
2005
c)
2020
d)
2010
|
|
Aryan Khanna answered |
The Committee on Vision 2020 was constituted by the Planning Commission in June, 2000, under the chairmanship of SP Singh, for crystallising the country’s vision for the future in the year 2020.The vision will reflect people’s aspirations, the full potentials of growth and development, and lay out the efforts needed to fulfill this vision.
The objective of this committee was, as described by Dr. Abdul Kalam, "Transforming the nation into a developed country, five areas in combination have been identified based on India's core competence, natural resources and talented manpower for integrated action to double the growth rate of GDP and realize the Vision of Developed India”
The objective of this committee was, as described by Dr. Abdul Kalam, "Transforming the nation into a developed country, five areas in combination have been identified based on India's core competence, natural resources and talented manpower for integrated action to double the growth rate of GDP and realize the Vision of Developed India”
Who developed HYV seeds
- a)Norman Borlaug
- b)Normal Jones
- c)Norah Jones
- d)Norten Borlaug
Correct answer is option 'A'. Can you explain this answer?
Who developed HYV seeds
a)
Norman Borlaug
b)
Normal Jones
c)
Norah Jones
d)
Norten Borlaug
|
Poonam Reddy answered |
Norman Borlaug was also known as the “Father of the Green Revolution,” Borlaug helped lay the groundwork for agricultural technological advances that alleviated world hunger. Borlaug studied plant biology and forestry at the University of Minnesota and earned a Ph.D. in plant pathology there in 1942.
When was Twelfth five year plan started- a)2007-2012
- b)1997-2002
- c)2002-2007
- d)2012-2017
Correct answer is option 'D'. Can you explain this answer?
When was Twelfth five year plan started
a)
2007-2012
b)
1997-2002
c)
2002-2007
d)
2012-2017
|
Devansh Goyal answered |
Twelfth Five Year Plan
The Twelfth Five Year Plan was started in the year 2012 and lasted till 2017. It was the last five-year plan of India before the government replaced it with the Niti Aayog.
Objectives of the Twelfth Five Year Plan
The Twelfth Five Year Plan aimed to achieve the following objectives:
1. Inclusive growth: The plan aimed to achieve growth that would be inclusive, sustainable and equitable.
2. Reducing poverty: The plan aimed to reduce poverty by creating employment opportunities and increasing the income levels of the poor.
3. Infrastructure development: The plan aimed to develop infrastructure in the country, especially in the areas of power, transportation, and communication.
4. Health and education: The plan aimed to improve the health and education standards of the people in the country.
5. Environmental sustainability: The plan aimed to ensure environmental sustainability by promoting the use of clean energy and by conserving natural resources.
6. Gender equality: The plan aimed to empower women by promoting gender equality and by providing them with equal opportunities in education and employment.
7. Governance reforms: The plan aimed to promote good governance by reducing corruption and by ensuring transparency in the functioning of the government.
Conclusion
The Twelfth Five Year Plan was a comprehensive plan that aimed to achieve inclusive growth in the country. It focused on reducing poverty, developing infrastructure, improving health and education standards, promoting environmental sustainability, empowering women, and promoting good governance. Although the plan ended in 2017, its objectives continue to guide the government's policies and programs.
The Twelfth Five Year Plan was started in the year 2012 and lasted till 2017. It was the last five-year plan of India before the government replaced it with the Niti Aayog.
Objectives of the Twelfth Five Year Plan
The Twelfth Five Year Plan aimed to achieve the following objectives:
1. Inclusive growth: The plan aimed to achieve growth that would be inclusive, sustainable and equitable.
2. Reducing poverty: The plan aimed to reduce poverty by creating employment opportunities and increasing the income levels of the poor.
3. Infrastructure development: The plan aimed to develop infrastructure in the country, especially in the areas of power, transportation, and communication.
4. Health and education: The plan aimed to improve the health and education standards of the people in the country.
5. Environmental sustainability: The plan aimed to ensure environmental sustainability by promoting the use of clean energy and by conserving natural resources.
6. Gender equality: The plan aimed to empower women by promoting gender equality and by providing them with equal opportunities in education and employment.
7. Governance reforms: The plan aimed to promote good governance by reducing corruption and by ensuring transparency in the functioning of the government.
Conclusion
The Twelfth Five Year Plan was a comprehensive plan that aimed to achieve inclusive growth in the country. It focused on reducing poverty, developing infrastructure, improving health and education standards, promoting environmental sustainability, empowering women, and promoting good governance. Although the plan ended in 2017, its objectives continue to guide the government's policies and programs.
Self reliance objective of planning means reducing dependence- a)On foreign trade
- b)One region of country over the other
- c)On foreign aid
- d)One individual over other
Correct answer is option 'C'. Can you explain this answer?
Self reliance objective of planning means reducing dependence
a)
On foreign trade
b)
One region of country over the other
c)
On foreign aid
d)
One individual over other
|
|
Aryan Khanna answered |
Self-reliance, or for that matter self-sufficiency, refers to the elimination of external assistance. It means that an economy is so sufficient that it does not have to rely on any external help or assistance. In other words, it means zero foreign aid.
The birth rate in 1991 declined to- a)8.5
- b)9.5
- c)9.8
- d)8.8
Correct answer is option 'C'. Can you explain this answer?
The birth rate in 1991 declined to
a)
8.5
b)
9.5
c)
9.8
d)
8.8
|
Ravi answered |
At that time the economy take a new turn and before the new economic policiesthe India have a deficit balance of
Name the committee formed for the Village and Small-Scale Industries in 1955.- a)Narasimhan committee
- b)Karve Committee
- c)Basel Committee
- d)Rangarajan Committee
Correct answer is option 'B'. Can you explain this answer?
Name the committee formed for the Village and Small-Scale Industries in 1955.
a)
Narasimhan committee
b)
Karve Committee
c)
Basel Committee
d)
Rangarajan Committee
|
Curiosity Classes answered |
The Karve Committee was established by the government of India in the year 1955. The primary aim of forming this committee was to focus on the enhancement and development of the village and small-scale industries.
- Origins and Purpose: The Karve Committee was named after its chairman, Dhananjay Ramchandra Karve. The committee was tasked with studying and suggesting measures for the improvement of village and small-scale industries.
- Findings and Recommendations: The Karve Committee conducted an extensive study and provided valuable suggestions for the upliftment of village and small-scale industries. The committee emphasised the need for technical and managerial assistance, financial support, and marketing assistance for these industries. It also suggested the establishment of a separate department to look after the growth and development of small-scale and cottage industries.
- Impact: The recommendations of the Karve Committee led to significant changes in the government's approach towards small-scale industries. The government started focusing more on providing necessary support to these industries, which played a crucial role in decentralising economic power, reducing regional imbalances, and promoting balanced regional development.
- Legacy: Today, the Karve Committee's recommendations are regarded as a significant milestone in the evolution of small-scale industries in India. The committee's work is still referred to while formulating policies related to small-scale industries.
Inclusive growth can be achieved by- a)Reducing inequalities
- b)Removing poverty
- c)Providing social justice
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
Inclusive growth can be achieved by
a)
Reducing inequalities
b)
Removing poverty
c)
Providing social justice
d)
All of these
|
Roshni Roy answered |
**Inclusive growth can be achieved by reducing inequalities, removing poverty, and providing social justice.**
**Reducing Inequalities:**
Inclusive growth aims to ensure that the benefits of economic growth are shared by all members of society, regardless of their social background or economic status. One of the key factors that hinder inclusive growth is the existence of inequalities. These inequalities can be in the form of income, wealth, education, healthcare, and opportunities. By reducing these inequalities, societies can create a more level playing field and provide equal opportunities for all individuals to participate in and benefit from economic growth. Policies such as progressive taxation, affirmative action, and targeted social welfare programs can help in reducing inequalities and promoting inclusive growth.
**Removing Poverty:**
Poverty is one of the most significant barriers to inclusive growth. When a significant portion of the population lives in poverty, they are unable to actively participate in economic activities and contribute to the overall growth of the society. To achieve inclusive growth, it is essential to address and eradicate poverty. This can be done through various measures such as providing access to quality education, healthcare, clean water, sanitation, and employment opportunities. Poverty alleviation programs, microfinance initiatives, and skill development programs can also play a crucial role in removing poverty and promoting inclusive growth.
**Providing Social Justice:**
Social justice is a fundamental aspect of inclusive growth. It encompasses the fair distribution of resources, opportunities, and rights among all members of society. In a socially just society, everyone has equal access to education, healthcare, employment, and justice. It ensures that no one is discriminated against based on their gender, caste, religion, or any other social factor. Social justice can be achieved by implementing laws and policies that protect the rights of marginalized and vulnerable groups, promoting gender equality, and ensuring equal representation and participation in decision-making processes.
**Conclusion:**
Inclusive growth requires a comprehensive approach that addresses the challenges of inequalities, poverty, and social injustice. By reducing inequalities, removing poverty, and providing social justice, societies can create an enabling environment where all individuals have equal opportunities to prosper and contribute to the overall growth and development. Therefore, the correct answer is option 'D' - all of these factors are crucial for achieving inclusive growth.
**Reducing Inequalities:**
Inclusive growth aims to ensure that the benefits of economic growth are shared by all members of society, regardless of their social background or economic status. One of the key factors that hinder inclusive growth is the existence of inequalities. These inequalities can be in the form of income, wealth, education, healthcare, and opportunities. By reducing these inequalities, societies can create a more level playing field and provide equal opportunities for all individuals to participate in and benefit from economic growth. Policies such as progressive taxation, affirmative action, and targeted social welfare programs can help in reducing inequalities and promoting inclusive growth.
**Removing Poverty:**
Poverty is one of the most significant barriers to inclusive growth. When a significant portion of the population lives in poverty, they are unable to actively participate in economic activities and contribute to the overall growth of the society. To achieve inclusive growth, it is essential to address and eradicate poverty. This can be done through various measures such as providing access to quality education, healthcare, clean water, sanitation, and employment opportunities. Poverty alleviation programs, microfinance initiatives, and skill development programs can also play a crucial role in removing poverty and promoting inclusive growth.
**Providing Social Justice:**
Social justice is a fundamental aspect of inclusive growth. It encompasses the fair distribution of resources, opportunities, and rights among all members of society. In a socially just society, everyone has equal access to education, healthcare, employment, and justice. It ensures that no one is discriminated against based on their gender, caste, religion, or any other social factor. Social justice can be achieved by implementing laws and policies that protect the rights of marginalized and vulnerable groups, promoting gender equality, and ensuring equal representation and participation in decision-making processes.
**Conclusion:**
Inclusive growth requires a comprehensive approach that addresses the challenges of inequalities, poverty, and social injustice. By reducing inequalities, removing poverty, and providing social justice, societies can create an enabling environment where all individuals have equal opportunities to prosper and contribute to the overall growth and development. Therefore, the correct answer is option 'D' - all of these factors are crucial for achieving inclusive growth.
Which is the primary objective of economic planning in India- a)Abolition of poverty
- b)Removing unemployment
- c)Growth with social justice
- d)Reducing Inequalities of income
Correct answer is option 'C'. Can you explain this answer?
Which is the primary objective of economic planning in India
a)
Abolition of poverty
b)
Removing unemployment
c)
Growth with social justice
d)
Reducing Inequalities of income
|
|
Dipika Mishra answered |
Primary Objective of Economic Planning in India: Growth with Social Justice
Economic planning is an important aspect of India's development strategy. The primary objective of economic planning in India is to achieve the twin goals of economic growth and social justice. Let us understand these goals in detail:
1. Economic Growth: The objective of economic growth is to increase the production of goods and services in the economy. This is done by promoting investment, increasing productivity, and improving infrastructure. Economic growth is important for the development of the country as it leads to an increase in income, employment opportunities, and standard of living.
2. Social Justice: The objective of social justice is to ensure that the benefits of economic growth are distributed equitably among all sections of society. This is done by promoting inclusive growth, reducing poverty, and providing basic services like education, healthcare, and housing to all citizens. Social justice is important for the development of the country as it leads to a more equitable and just society.
3. Growth with Social Justice: The primary objective of economic planning in India is to achieve growth with social justice. This means that economic growth should be inclusive and benefit all sections of society. It also means that the benefits of economic growth should be distributed equitably among all citizens.
Conclusion:
In conclusion, the primary objective of economic planning in India is to achieve growth with social justice. This means that economic growth should be inclusive and benefit all sections of society. It also means that the benefits of economic growth should be distributed equitably among all citizens. Achieving this objective requires a comprehensive development strategy that promotes investment, productivity, and infrastructure while also reducing poverty and promoting social justice.
Economic planning is an important aspect of India's development strategy. The primary objective of economic planning in India is to achieve the twin goals of economic growth and social justice. Let us understand these goals in detail:
1. Economic Growth: The objective of economic growth is to increase the production of goods and services in the economy. This is done by promoting investment, increasing productivity, and improving infrastructure. Economic growth is important for the development of the country as it leads to an increase in income, employment opportunities, and standard of living.
2. Social Justice: The objective of social justice is to ensure that the benefits of economic growth are distributed equitably among all sections of society. This is done by promoting inclusive growth, reducing poverty, and providing basic services like education, healthcare, and housing to all citizens. Social justice is important for the development of the country as it leads to a more equitable and just society.
3. Growth with Social Justice: The primary objective of economic planning in India is to achieve growth with social justice. This means that economic growth should be inclusive and benefit all sections of society. It also means that the benefits of economic growth should be distributed equitably among all citizens.
Conclusion:
In conclusion, the primary objective of economic planning in India is to achieve growth with social justice. This means that economic growth should be inclusive and benefit all sections of society. It also means that the benefits of economic growth should be distributed equitably among all citizens. Achieving this objective requires a comprehensive development strategy that promotes investment, productivity, and infrastructure while also reducing poverty and promoting social justice.
What is the trade-strategy, which India adopted in the first-seven five-year plans?
- a)Inward looking trade strategy
- b)Partially outward looking trade strategy
- c)Partially inward-looking trade strategy
- d)Outward looking trade strategy
Correct answer is option 'A'. Can you explain this answer?
What is the trade-strategy, which India adopted in the first-seven five-year plans?
a)
Inward looking trade strategy
b)
Partially outward looking trade strategy
c)
Partially inward-looking trade strategy
d)
Outward looking trade strategy
|
Learning Educators answered |
During the first seven Five-Year Plans, India adopted a Partially Inward-Looking Trade Strategy. Here's a detailed explanation:
- Import Substitution Industrialization (ISI): This was the main characteristic of India's trade strategy during this period. The aim was to replace imports with domestic production. The government protected the domestic industries from foreign competition by imposing high tariffs and quotas on imports.
- Domestic Market Focus: The focus was more on catering to the domestic market rather than exporting goods. The objective was to make the Indian economy self-reliant and reduce dependence on foreign countries for goods and services.
- State Intervention: The state played a dominant role in controlling and managing economic activities. Many industries were under public sector control, and private participation was limited.
- Five-Year Plans: These plans provided a detailed strategy for economic development. Each plan had specific goals in areas like agriculture, industry, power, transport, communications, and social services.
- Limited Export Orientation: While the primary focus was on the domestic market, there was still some degree of export orientation. This was mainly in sectors where India had a comparative advantage, such as textiles and handicrafts.
- Foreign Exchange Regulation: The government also maintained strict control over foreign exchange to manage the balance of payments.
The need for planning emerges from the following weakness of the free market system- a)Exploitation of workers
- b)Inequalities
- c)Instability
- d)All of these
Correct answer is option 'D'. Can you explain this answer?
The need for planning emerges from the following weakness of the free market system
a)
Exploitation of workers
b)
Inequalities
c)
Instability
d)
All of these
|
Zara Khan answered |
The free market can distribute resources according to consumer preferences; firms have an incentive to provide goods and services in demand. However, others argue that a free market creates many problems; notable inequality of distribution.
The basic problem the Indian economy is facing is shortage of- a)Human resources
- b)Natural resources
- c)Entrepreneurial abilities
- d)Man made resources
Correct answer is option 'D'. Can you explain this answer?
The basic problem the Indian economy is facing is shortage of
a)
Human resources
b)
Natural resources
c)
Entrepreneurial abilities
d)
Man made resources
|
Nandini Iyer answered |
High level of illiteracy, lack of healthcare facilities, and limited access to resources are some of the basic problems in poor areas. Pollution and environmental issues are the other challenges that India is facing at present.
In the language of economics, which one of the following is a good-indicator of economic growth?- a)NDP
- b)GDP
- c)GNP
- d)NNP
Correct answer is option 'B'. Can you explain this answer?
In the language of economics, which one of the following is a good-indicator of economic growth?
a)
NDP
b)
GDP
c)
GNP
d)
NNP
|
EduRev Humanities answered |
GDP or the Goss Domestic Product can be defined as the market value of all the goods and services produced within the domestic boundary of India during a financial year. It acts as a good-indicator of economic growth of the country.
Define GDP- a)Factor value of all the final goods and services produced within a domestic territory
- b)Factor value of all the final goods and services produced within a domestic territory
- c)Market value of all the final goods and services produced within a domestic territory
- d)Market value of all the final goods and services produced by the residents
Correct answer is option 'C'. Can you explain this answer?
Define GDP
a)
Factor value of all the final goods and services produced within a domestic territory
b)
Factor value of all the final goods and services produced within a domestic territory
c)
Market value of all the final goods and services produced within a domestic territory
d)
Market value of all the final goods and services produced by the residents
|
|
Manasa Pillai answered |
GDP or Gross Domestic Product is a measure of the market value of all the final goods and services produced within a domestic territory. In simpler terms, it is the total value of all the goods and services produced by a country in a given period, usually a year.
Factors that contribute to GDP
There are several factors that contribute to the GDP of a country, including:
1. Consumption: The amount spent by households on goods and services.
2. Investment: The amount spent by businesses on capital goods like machinery, equipment, and buildings.
3. Government Spending: The amount spent by the government on goods and services like infrastructure, defense, and social welfare programs.
4. Net Exports: The value of exports minus the value of imports.
Importance of GDP
GDP is an important indicator of a country's economic health and growth. It helps policymakers make informed decisions about fiscal and monetary policies that can impact the economy. It also helps businesses make decisions about investments, hiring, and expansion.
Limitations of GDP
While GDP is a useful measure of a country's economic performance, it has some limitations. For example, it does not take into account non-market activities like unpaid work done by homemakers or the value of natural resources. It also does not reflect income inequality or the distribution of wealth within a country.
Conclusion
In conclusion, GDP is an important measure of a country's economic performance and growth. It provides valuable insights into the overall health of the economy and helps policymakers and businesses make informed decisions. However, it is important to recognize its limitations and use it in conjunction with other indicators to get a more complete picture of a country's economic situation.
Factors that contribute to GDP
There are several factors that contribute to the GDP of a country, including:
1. Consumption: The amount spent by households on goods and services.
2. Investment: The amount spent by businesses on capital goods like machinery, equipment, and buildings.
3. Government Spending: The amount spent by the government on goods and services like infrastructure, defense, and social welfare programs.
4. Net Exports: The value of exports minus the value of imports.
Importance of GDP
GDP is an important indicator of a country's economic health and growth. It helps policymakers make informed decisions about fiscal and monetary policies that can impact the economy. It also helps businesses make decisions about investments, hiring, and expansion.
Limitations of GDP
While GDP is a useful measure of a country's economic performance, it has some limitations. For example, it does not take into account non-market activities like unpaid work done by homemakers or the value of natural resources. It also does not reflect income inequality or the distribution of wealth within a country.
Conclusion
In conclusion, GDP is an important measure of a country's economic performance and growth. It provides valuable insights into the overall health of the economy and helps policymakers and businesses make informed decisions. However, it is important to recognize its limitations and use it in conjunction with other indicators to get a more complete picture of a country's economic situation.
Planning commission was set up in- a)15th March 1950
- b)5th March 1951
- c)20th March 1951
- d)25th March 1951
Correct answer is option 'A'. Can you explain this answer?
Planning commission was set up in
a)
15th March 1950
b)
5th March 1951
c)
20th March 1951
d)
25th March 1951
|
|
Priya Mukherjee answered |
Introduction:
The planning commission was a body that was established by the Government of India in 1950 to formulate and implement India's Five-Year Plans.
Establishment:
The Planning Commission was established on 15th March 1950 by an executive resolution of the Government of India. Its initial mandate was to promote a rapid rise in the standard of living of the people by efficient exploitation of resources, increasing production and offering opportunities to all for employment in the service of the community.
Functions:
The primary objective of the Planning Commission was to formulate and implement India's Five-Year Plans. Its functions included:
- Assessing the country's resources, both natural and human.
- Formulating Five-Year Plans and Annual Plans.
- Allocating resources to different sectors and states.
- Monitoring and evaluating the progress of plan implementation.
- Making policy recommendations to the government.
Abolition:
In 2014, the Planning Commission was abolished by the Government of India and was replaced by the NITI Aayog (National Institution for Transforming India). The NITI Aayog is a policy think-tank that provides strategic and technical advice to the government on various developmental issues.
Conclusion:
The Planning Commission played a significant role in India's economic planning and development for over six decades. Its establishment on 15th March 1950 marked a significant milestone in India's journey towards economic development.
The planning commission was a body that was established by the Government of India in 1950 to formulate and implement India's Five-Year Plans.
Establishment:
The Planning Commission was established on 15th March 1950 by an executive resolution of the Government of India. Its initial mandate was to promote a rapid rise in the standard of living of the people by efficient exploitation of resources, increasing production and offering opportunities to all for employment in the service of the community.
Functions:
The primary objective of the Planning Commission was to formulate and implement India's Five-Year Plans. Its functions included:
- Assessing the country's resources, both natural and human.
- Formulating Five-Year Plans and Annual Plans.
- Allocating resources to different sectors and states.
- Monitoring and evaluating the progress of plan implementation.
- Making policy recommendations to the government.
Abolition:
In 2014, the Planning Commission was abolished by the Government of India and was replaced by the NITI Aayog (National Institution for Transforming India). The NITI Aayog is a policy think-tank that provides strategic and technical advice to the government on various developmental issues.
Conclusion:
The Planning Commission played a significant role in India's economic planning and development for over six decades. Its establishment on 15th March 1950 marked a significant milestone in India's journey towards economic development.
Perspective plan is- a)Long term plan
- b)Short term plan
- c)Very short plan
- d)Permanent plan
Correct answer is option 'A'. Can you explain this answer?
Perspective plan is
a)
Long term plan
b)
Short term plan
c)
Very short plan
d)
Permanent plan
|
|
Charvi Bose answered |
Introduction:
A perspective plan is a long-term plan that outlines the goals and objectives of an organization or individual. It serves as a blueprint for achieving success over an extended period, typically five to ten years.
What is a perspective plan?
A perspective plan is a comprehensive document that outlines the strategies, priorities, and action plans required to achieve specific goals and objectives. It is a long-term plan that covers a period of several years and provides a roadmap for the organization or individual to achieve its desired outcomes.
Features of a perspective plan:
Some of the features of a perspective plan include:
1. Long-term focus: A perspective plan is a long-term plan that focuses on achieving specific goals and objectives over an extended period.
2. Comprehensive approach: A perspective plan takes a comprehensive approach to achieving goals and objectives, considering all factors that may impact success.
3. Strategic thinking: A perspective plan involves strategic thinking, identifying potential challenges and opportunities and designing strategies to overcome them.
4. Flexibility: A perspective plan is flexible enough to adapt to changing circumstances and priorities.
Why is a perspective plan important?
A perspective plan is important for several reasons:
1. It provides a clear roadmap for achieving specific goals and objectives.
2. It helps to align the efforts of all stakeholders towards a common goal.
3. It enables organizations or individuals to anticipate potential challenges and opportunities and design strategies to overcome them.
4. It ensures that resources are allocated effectively and efficiently to achieve desired outcomes.
Conclusion:
In conclusion, a perspective plan is a long-term plan that outlines the goals and objectives of an organization or individual. It is a comprehensive document that takes a strategic approach to achieving success over an extended period. A perspective plan is important because it provides a clear roadmap for achieving specific goals and objectives, aligns the efforts of all stakeholders, anticipates potential challenges and opportunities, and ensures effective and efficient resource allocation.
A perspective plan is a long-term plan that outlines the goals and objectives of an organization or individual. It serves as a blueprint for achieving success over an extended period, typically five to ten years.
What is a perspective plan?
A perspective plan is a comprehensive document that outlines the strategies, priorities, and action plans required to achieve specific goals and objectives. It is a long-term plan that covers a period of several years and provides a roadmap for the organization or individual to achieve its desired outcomes.
Features of a perspective plan:
Some of the features of a perspective plan include:
1. Long-term focus: A perspective plan is a long-term plan that focuses on achieving specific goals and objectives over an extended period.
2. Comprehensive approach: A perspective plan takes a comprehensive approach to achieving goals and objectives, considering all factors that may impact success.
3. Strategic thinking: A perspective plan involves strategic thinking, identifying potential challenges and opportunities and designing strategies to overcome them.
4. Flexibility: A perspective plan is flexible enough to adapt to changing circumstances and priorities.
Why is a perspective plan important?
A perspective plan is important for several reasons:
1. It provides a clear roadmap for achieving specific goals and objectives.
2. It helps to align the efforts of all stakeholders towards a common goal.
3. It enables organizations or individuals to anticipate potential challenges and opportunities and design strategies to overcome them.
4. It ensures that resources are allocated effectively and efficiently to achieve desired outcomes.
Conclusion:
In conclusion, a perspective plan is a long-term plan that outlines the goals and objectives of an organization or individual. It is a comprehensive document that takes a strategic approach to achieving success over an extended period. A perspective plan is important because it provides a clear roadmap for achieving specific goals and objectives, aligns the efforts of all stakeholders, anticipates potential challenges and opportunities, and ensures effective and efficient resource allocation.
At the time of independence the government of India adopted the following for the future economic development- a)Free market forces + planning by inducement
- b)Planning by direction
- c)Free market forces
- d)Planning by inducement
Correct answer is option 'A'. Can you explain this answer?
At the time of independence the government of India adopted the following for the future economic development
a)
Free market forces + planning by inducement
b)
Planning by direction
c)
Free market forces
d)
Planning by inducement
|
Anjali Reddy answered |
Free Market Forces and Planning by Inducement for Economic Development
The Indian government, at the time of independence, adopted a mixed economic policy, which included both free market forces and planning by inducement. This policy was aimed at achieving economic development and growth in the country.
Free Market Forces:
The free market system refers to an economic system where the prices of goods and services are determined by the forces of supply and demand. The government does not interfere in the market, and businesses are free to operate and compete with each other. In India, free market forces were adopted to encourage entrepreneurship and private investment. The government provided incentives to the private sector to invest in key sectors of the economy, such as agriculture, manufacturing, and services. This helped to create jobs, increase incomes, and boost economic growth in the country.
Planning by Inducement:
Planning by inducement refers to a system where the government plans and coordinates economic activities, but does not directly control them. The government provides incentives and subsidies to encourage private investment in key sectors of the economy. This approach was adopted in India to encourage private investment in industries that were deemed critical for the country's economic growth, such as infrastructure, power, and steel. The government also provided incentives to small and medium enterprises to promote entrepreneurship and self-employment.
Conclusion:
The adoption of free market forces and planning by inducement helped to promote economic development and growth in India. The policy provided a conducive environment for private investment and entrepreneurship, while at the same time, the government provided support and incentives to key sectors of the economy. This approach has been instrumental in the economic growth and development of India and has helped to create jobs, increase incomes, and reduce poverty in the country.
The Indian government, at the time of independence, adopted a mixed economic policy, which included both free market forces and planning by inducement. This policy was aimed at achieving economic development and growth in the country.
Free Market Forces:
The free market system refers to an economic system where the prices of goods and services are determined by the forces of supply and demand. The government does not interfere in the market, and businesses are free to operate and compete with each other. In India, free market forces were adopted to encourage entrepreneurship and private investment. The government provided incentives to the private sector to invest in key sectors of the economy, such as agriculture, manufacturing, and services. This helped to create jobs, increase incomes, and boost economic growth in the country.
Planning by Inducement:
Planning by inducement refers to a system where the government plans and coordinates economic activities, but does not directly control them. The government provides incentives and subsidies to encourage private investment in key sectors of the economy. This approach was adopted in India to encourage private investment in industries that were deemed critical for the country's economic growth, such as infrastructure, power, and steel. The government also provided incentives to small and medium enterprises to promote entrepreneurship and self-employment.
Conclusion:
The adoption of free market forces and planning by inducement helped to promote economic development and growth in India. The policy provided a conducive environment for private investment and entrepreneurship, while at the same time, the government provided support and incentives to key sectors of the economy. This approach has been instrumental in the economic growth and development of India and has helped to create jobs, increase incomes, and reduce poverty in the country.
Who presented the first five year plan- a)B.R.Ambedkar
- b)Jawaharlal Nehru
- c)Indira Gandhi
- d)Mahatma Gandhi
Correct answer is option 'B'. Can you explain this answer?
Who presented the first five year plan
a)
B.R.Ambedkar
b)
Jawaharlal Nehru
c)
Indira Gandhi
d)
Mahatma Gandhi
|
Pranavi Choudhary answered |
Introduction:
The first five-year plan was presented in India in 1951 under the leadership of Jawaharlal Nehru. It was an important step taken by the Indian government to develop the country's economy and improve the living standards of its citizens.
Background:
After India gained independence in 1947, the country was facing major challenges in terms of economic development, poverty, and unemployment. The country was largely agrarian, and the majority of the population was engaged in farming. The need for industrialization was felt, and it was necessary to create jobs for the growing population.
Objectives of the first five-year plan:
The objectives of the first five-year plan were as follows:
1. To achieve self-sufficiency in food production
2. To create job opportunities in the industrial sector
3. To increase the standard of living of the people
4. To promote industrialization in the country
5. To increase the production of goods and services
Implementation of the first five-year plan:
The plan was implemented in three stages:
1. The preparatory stage - This involved the collection of data and the identification of resources required for the implementation of the plan.
2. The implementation stage - This involved the implementation of various programs and schemes to achieve the objectives of the plan. Some of the major programs implemented during the first plan were the establishment of steel plants, thermal power plants, and irrigation projects.
3. The evaluation stage - This involved the evaluation of the progress made during the implementation of the plan and the identification of areas where improvements were needed.
Outcome of the first five-year plan:
The first five-year plan was largely successful in achieving its objectives. The plan was able to achieve self-sufficiency in food production and create job opportunities in the industrial sector. The standard of living of the people improved, and industrialization in the country was promoted. The plan laid the foundation for the economic development of the country.
Conclusion:
The first five-year plan was an important step taken by the Indian government to develop the country's economy and improve the living standards of its citizens. It was presented by Jawaharlal Nehru, the first Prime Minister of India, and was largely successful in achieving its objectives. The plan laid the foundation for the economic development of the country, and subsequent plans built upon its achievements.
The first five-year plan was presented in India in 1951 under the leadership of Jawaharlal Nehru. It was an important step taken by the Indian government to develop the country's economy and improve the living standards of its citizens.
Background:
After India gained independence in 1947, the country was facing major challenges in terms of economic development, poverty, and unemployment. The country was largely agrarian, and the majority of the population was engaged in farming. The need for industrialization was felt, and it was necessary to create jobs for the growing population.
Objectives of the first five-year plan:
The objectives of the first five-year plan were as follows:
1. To achieve self-sufficiency in food production
2. To create job opportunities in the industrial sector
3. To increase the standard of living of the people
4. To promote industrialization in the country
5. To increase the production of goods and services
Implementation of the first five-year plan:
The plan was implemented in three stages:
1. The preparatory stage - This involved the collection of data and the identification of resources required for the implementation of the plan.
2. The implementation stage - This involved the implementation of various programs and schemes to achieve the objectives of the plan. Some of the major programs implemented during the first plan were the establishment of steel plants, thermal power plants, and irrigation projects.
3. The evaluation stage - This involved the evaluation of the progress made during the implementation of the plan and the identification of areas where improvements were needed.
Outcome of the first five-year plan:
The first five-year plan was largely successful in achieving its objectives. The plan was able to achieve self-sufficiency in food production and create job opportunities in the industrial sector. The standard of living of the people improved, and industrialization in the country was promoted. The plan laid the foundation for the economic development of the country.
Conclusion:
The first five-year plan was an important step taken by the Indian government to develop the country's economy and improve the living standards of its citizens. It was presented by Jawaharlal Nehru, the first Prime Minister of India, and was largely successful in achieving its objectives. The plan laid the foundation for the economic development of the country, and subsequent plans built upon its achievements.
Name the two states in which land-reform were successful ?- a)Maharashtra and Tamil Nadu
- b)Karnataka and West Bengal
- c)West Bengal and Kerala
- d)Uttar Pradesh and Bihar
Correct answer is option 'C'. Can you explain this answer?
Name the two states in which land-reform were successful ?
a)
Maharashtra and Tamil Nadu
b)
Karnataka and West Bengal
c)
West Bengal and Kerala
d)
Uttar Pradesh and Bihar
|
|
EduRev Humanities answered |
West Bengal and Kerala are the two states in which land-reform was successful because Government of these states was committed towards the implementation of the policy.
Agriculture education ,health and infrastructure were the priority areas in which Five Year Plan- a)12th
- b)10th
- c)11th
- d)9th
Correct answer is option 'C'. Can you explain this answer?
Agriculture education ,health and infrastructure were the priority areas in which Five Year Plan
a)
12th
b)
10th
c)
11th
d)
9th
|
Shail Unni answered |
The objective of 11th Five-year plan is to Increase agricultural GDP growth to 4% per year to ensure a wider spread of benefits. Create 70 million new work opportunities. Augment minimum standards of education in primary school and to increase GDP up to 10%. Health and infrastructure were also the priority areas in 11th Five Year Plan.
First five year plan focused on ____ production while in second plan shifted the focus to _____- a)Agriculture, Industry
- b)Agriculture, Tertiary
- c)Tertiary, Industry
- d)Industry, Agriculture
Correct answer is option 'A'. Can you explain this answer?
First five year plan focused on ____ production while in second plan shifted the focus to _____
a)
Agriculture, Industry
b)
Agriculture, Tertiary
c)
Tertiary, Industry
d)
Industry, Agriculture
|
Manoj Nair answered |
Explanation:
The First Five-Year Plan (1951-56) was launched by the Indian government to promote the development of agriculture, irrigation, and power projects. The primary focus of the plan was to increase agricultural production and achieve self-sufficiency in food grains. The plan aimed to increase the agricultural output by 25% through land reforms, improved irrigation facilities, and the usage of modern agricultural techniques. The plan also focused on the development of industries such as steel, machine tools, and heavy engineering.
The Second Five-Year Plan (1956-61) shifted the focus from agriculture to industrialization. The plan aimed to accelerate the pace of industrialization in the country and to reduce the dependence on foreign aid. The objective of the plan was to bring about a rapid expansion of basic and heavy industries such as coal, iron, and steel. The plan also aimed at developing infrastructure such as power, transport, and communication facilities.
Conclusion:
Thus, the first five-year plan focused on agriculture production while the second plan shifted the focus to industrialization. Both plans played a significant role in the development of the Indian economy and laid the foundation for future growth and development.
The First Five-Year Plan (1951-56) was launched by the Indian government to promote the development of agriculture, irrigation, and power projects. The primary focus of the plan was to increase agricultural production and achieve self-sufficiency in food grains. The plan aimed to increase the agricultural output by 25% through land reforms, improved irrigation facilities, and the usage of modern agricultural techniques. The plan also focused on the development of industries such as steel, machine tools, and heavy engineering.
The Second Five-Year Plan (1956-61) shifted the focus from agriculture to industrialization. The plan aimed to accelerate the pace of industrialization in the country and to reduce the dependence on foreign aid. The objective of the plan was to bring about a rapid expansion of basic and heavy industries such as coal, iron, and steel. The plan also aimed at developing infrastructure such as power, transport, and communication facilities.
Conclusion:
Thus, the first five-year plan focused on agriculture production while the second plan shifted the focus to industrialization. Both plans played a significant role in the development of the Indian economy and laid the foundation for future growth and development.
Which sector was given the main emphasis in 2nd five-year plans?- a)Agriculture
- b)Trade
- c)Industry
- d)Transport
Correct answer is option 'C'. Can you explain this answer?
Which sector was given the main emphasis in 2nd five-year plans?
a)
Agriculture
b)
Trade
c)
Industry
d)
Transport
|
|
Harshitha Basu answered |
Emphasis on Industry in 2nd Five-Year Plan:
Industry was given the main emphasis in the 2nd Five-Year Plan in order to promote industrial growth and development in the country. Here are some key points to explain why industry was the focus of this plan:
1. Industrialization:
- The main objective of the 2nd Five-Year Plan was to accelerate the pace of industrialization in India.
- The plan aimed to increase the production of capital goods and basic industries to support the growth of the economy.
2. Infrastructure Development:
- The plan focused on the development of infrastructure such as power, transportation, and communication to support the growth of industries.
- Special emphasis was given to the construction of new industrial estates and the expansion of existing ones.
3. Employment Generation:
- Industrial development was seen as a key driver for employment generation in the country.
- The plan aimed to create job opportunities for the growing population by promoting industrial growth.
4. Import Substitution:
- The plan focused on reducing dependency on imports by promoting domestic industries to produce goods that were previously imported.
- This was seen as a way to strengthen the economy and reduce the trade deficit.
5. Technology Upgradation:
- The plan emphasized the need for technology upgradation in industries to improve productivity and competitiveness.
- Efforts were made to encourage the adoption of modern technologies in industrial processes.
In conclusion, the 2nd Five-Year Plan placed a significant emphasis on the development of the industrial sector in India to drive economic growth, create employment opportunities, reduce dependency on imports, and promote technological advancements.
Small scale industries in 1950 were defined as all those industries in which maximum investment was ________ lakh rupee- a)Once Crore
- b)Ten
- c)Twenty
- d)Five
Correct answer is option 'D'. Can you explain this answer?
Small scale industries in 1950 were defined as all those industries in which maximum investment was ________ lakh rupee
a)
Once Crore
b)
Ten
c)
Twenty
d)
Five
|
|
Pj Commerce Academy answered |
Small scale industries are those industries in which production is carried out on a small scale, and the investment capital is also minimal. These industries play a crucial role in the economic development of a country, particularly in developing countries like India.
- Definition in 1950: In 1950, small scale industries were defined based on the amount of investment made in them. The maximum investment limit set for these industries was five lakh rupees. Any industry with an investment below or equal to this amount was considered a small scale industry.
- Significance of the Definition: This definition was important as it helped in distinguishing small scale industries from other types of industries. The categorization aided in the formulation of policies and strategies specifically aimed at promoting and supporting these industries.
- Change Over Time: Over time, the definition of small scale industries has changed to accommodate the changing economic conditions. The investment limit has been revised upwards several times to keep up with inflation and economic growth.
- Current Scenario: In the present scenario, the definition of small scale industries varies from country to country and even within different sectors of the same country. In India, the definition is based on the investment in plant and machinery for manufacturing industries and on equipment for service enterprises.
What percentage of population was employed in agriculture by late 1990s ?- a)55
- b)75
- c)60
- d)65
Correct answer is option 'D'. Can you explain this answer?
What percentage of population was employed in agriculture by late 1990s ?
a)
55
b)
75
c)
60
d)
65
|
|
EduRev Humanities answered |
The late 1990s marked a time when many countries were experiencing significant shifts in their labor force and economic structure. Industrialization and technological advancements had led to a decline in the agricultural sector's share of employment in many nations, as people moved towards service-based and manufacturing industries.
However, it is important to note that the percentage varies across different countries depending on factors such as economic development, urbanization, and government policies. The given answer of 65% represents an estimated global average.
However, it is important to note that the percentage varies across different countries depending on factors such as economic development, urbanization, and government policies. The given answer of 65% represents an estimated global average.
When was the Planning Commission set up in India?- a)1952
- b)1950
- c)1964
- d)1975
Correct answer is option 'B'. Can you explain this answer?
When was the Planning Commission set up in India?
a)
1952
b)
1950
c)
1964
d)
1975
|
|
EduRev Humanities answered |
The Planning Commission in India was set up in 1950.
Background:
- After India gained independence from British rule in 1947, the country faced numerous challenges in terms of economic development, poverty alleviation, and infrastructure improvement.
- To address these challenges and promote planned economic growth, the Government of India decided to establish a centralized planning body.
Establishment of the Planning Commission:
- The Planning Commission was established on March 15, 1950, through a resolution passed by the Government of India.
- The resolution outlined the need for a specialized agency responsible for formulating and implementing comprehensive plans for the country's economic development.
- The Prime Minister of India served as the ex-officio Chairman of the Planning Commission.
Objectives of the Planning Commission:
- The Planning Commission was tasked with formulating five-year plans that aimed to promote balanced economic growth, reduce poverty, and improve the standard of living of the Indian population.
- It was responsible for allocating resources and determining investment priorities in various sectors of the economy.
- The Commission also played a crucial role in coordinating between the central and state governments, ensuring effective implementation of development programs.
Functions of the Planning Commission:
- Formulating five-year plans and annual plans for economic development.
- Allocating resources and determining investment priorities.
- Monitoring and evaluating the implementation of development programs.
- Providing guidance and assistance to states in formulating their plans.
- Coordinating with various ministries and departments to ensure policy coherence.
- Conducting research and analysis to support evidence-based planning.
MRTP stands for- a)Monopolies and Restrictive Trade Practices Act
- b)Monopolies and Regional Trade Practices Act
- c)Minor and Regional Trade Practices Act
- d)Minor and Restrictive Trade Products Act
Correct answer is option 'A'. Can you explain this answer?
MRTP stands for
a)
Monopolies and Restrictive Trade Practices Act
b)
Monopolies and Regional Trade Practices Act
c)
Minor and Regional Trade Practices Act
d)
Minor and Restrictive Trade Products Act
|
Bhavana Yadav answered |
Introduction
MRTP stands for Monopolies and Restrictive Trade Practices Act. It is an Indian law that was enacted in 1969 to prevent the misuse of economic power by large corporations and to promote fair competition in the Indian market.
Overview of MRTP Act
The MRTP Act was enforced to regulate monopolistic practices, restrictive trade practices, and unfair trade practices. The act was amended in 1991 to broaden its scope and to make it more effective. The act was replaced by the Competition Act, 2002, but it is still relevant as many cases are still pending under the MRTP Act.
Objectives of MRTP Act
The main objectives of the MRTP Act are:
1. To prevent the concentration of economic power in a few hands.
2. To prevent monopolistic and restrictive trade practices that are detrimental to the public interest.
3. To promote competition in the Indian market.
4. To ensure that consumers are not exploited by large corporations.
Provisions of MRTP Act
The MRTP Act has provisions to deal with monopolistic, restrictive, and unfair trade practices. Some of the important provisions are:
1. Prohibition of monopolistic trade practices such as price fixing, bid-rigging, and market allocation.
2. Prohibition of restrictive trade practices such as exclusive supply agreements, tie-in sales, and refusal to deal.
3. Prohibition of unfair trade practices such as misleading advertisements, false representation, and offering gifts or prizes with the intention of promoting sales.
4. Establishment of the Monopolies and Restrictive Trade Practices Commission (MRTPC) to investigate and adjudicate cases related to the MRTP Act.
Conclusion
The MRTP Act played an important role in regulating the Indian market and protecting the interests of consumers. The act was replaced by the Competition Act, 2002, but it is still relevant today as many cases are still pending under the MRTP Act.
MRTP stands for Monopolies and Restrictive Trade Practices Act. It is an Indian law that was enacted in 1969 to prevent the misuse of economic power by large corporations and to promote fair competition in the Indian market.
Overview of MRTP Act
The MRTP Act was enforced to regulate monopolistic practices, restrictive trade practices, and unfair trade practices. The act was amended in 1991 to broaden its scope and to make it more effective. The act was replaced by the Competition Act, 2002, but it is still relevant as many cases are still pending under the MRTP Act.
Objectives of MRTP Act
The main objectives of the MRTP Act are:
1. To prevent the concentration of economic power in a few hands.
2. To prevent monopolistic and restrictive trade practices that are detrimental to the public interest.
3. To promote competition in the Indian market.
4. To ensure that consumers are not exploited by large corporations.
Provisions of MRTP Act
The MRTP Act has provisions to deal with monopolistic, restrictive, and unfair trade practices. Some of the important provisions are:
1. Prohibition of monopolistic trade practices such as price fixing, bid-rigging, and market allocation.
2. Prohibition of restrictive trade practices such as exclusive supply agreements, tie-in sales, and refusal to deal.
3. Prohibition of unfair trade practices such as misleading advertisements, false representation, and offering gifts or prizes with the intention of promoting sales.
4. Establishment of the Monopolies and Restrictive Trade Practices Commission (MRTPC) to investigate and adjudicate cases related to the MRTP Act.
Conclusion
The MRTP Act played an important role in regulating the Indian market and protecting the interests of consumers. The act was replaced by the Competition Act, 2002, but it is still relevant today as many cases are still pending under the MRTP Act.
Who was the Chairperson of the Planning Commission of India?- a)President of India
- b)Finance Minister of India
- c)Governor of RBI
- d)Prime Minister of India
Correct answer is option 'D'. Can you explain this answer?
Who was the Chairperson of the Planning Commission of India?
a)
President of India
b)
Finance Minister of India
c)
Governor of RBI
d)
Prime Minister of India
|
|
EduRev Humanities answered |
The Planning Commission of India was a non-constitutional and non-statutory body that was responsible for formulating and overseeing the Five-Year Plans in India. It was established in 1950 and functioned as the key planning body of the country until it was replaced by the NITI Aayog in 2015.
The Planning Commission was chaired by the Prime Minister of India. This position allowed the Prime Minister to have direct control and influence over the planning and development initiatives of the country. As the head of the government, the Prime Minister played a crucial role in shaping the economic policies and strategies outlined in the Five-Year Plans.
The Chairperson of the Planning Commission held significant power and authority in terms of decision-making and policy implementation. They were responsible for leading and coordinating the efforts of the Commission in achieving the objectives set forth in the Five-Year Plans. The Chairperson, along with the other members of the Commission, worked towards promoting balanced economic growth, reducing regional disparities, and addressing social and economic issues.
It is important to note that the Planning Commission was dissolved and replaced by the NITI Aayog (National Institution for Transforming India) in 2015. The NITI Aayog also operates under the chairmanship of the Prime Minister and serves as a policy think tank and advisory body to the government.
In conclusion, the Chairperson of the Planning Commission of India was the Prime Minister of India, who held the position to lead and guide the planning and development initiatives of the country.
What is the term used for the policy ,which promote setting up of an upper limit of the land that could be owned by a landowner?- a)Land Fragmentation
- b)Land Tilling
- c)Land Cultivation
- d)Land Ceiling
Correct answer is option 'D'. Can you explain this answer?
What is the term used for the policy ,which promote setting up of an upper limit of the land that could be owned by a landowner?
a)
Land Fragmentation
b)
Land Tilling
c)
Land Cultivation
d)
Land Ceiling
|
|
EduRev Humanities answered |
Land Ceiling is a policy measure used by the government to set an upper limit on the amount of land that can be owned by an individual or entity. This policy is primarily implemented to prevent the accumulation of land in the hands of a few and to promote equitable distribution of land.
Reasons for Implementing Land Ceiling
Reasons for Implementing Land Ceiling
- Prevent Land Monopoly: Land Ceiling is used to prevent the monopoly of land in the hands of a few. This ensures that land resources are evenly distributed among the population, reducing income inequality.
- Promote Social Justice: It helps in promoting social justice by ensuring that everyone gets an equal opportunity to own and cultivate land.
- Reduce Poverty: Land Ceiling helps in reducing poverty by ensuring that rural landless people get an opportunity to own land and use it for their sustenance.
Effect of Land Ceiling
- Land Redistribution: Land Ceiling leads to redistribution of land. The surplus land from the landowners who own land above the ceiling limit is taken by the government and redistributed among landless farmers and small landowners.
- Reduced Disparities: This policy helps in reducing disparities in land ownership, thereby promoting economic equality.
- Increased Agricultural Productivity: Land Ceiling can potentially increase agricultural productivity by ensuring that land is used efficiently and not left fallow.
Challenges of Land Ceiling
- Land Evasion: Many landowners evade the Land Ceiling law by dividing their land among relatives or using other loopholes in the law.
- Implementation Issues: The implementation of Land Ceiling laws has often been problematic due to lack of proper land records, corruption, and bureaucratic red-tape.
Twelfth five year plan- a)1997-2002
- b)2007-2012
- c)2012-2017
- d)2002-2007
Correct answer is option 'C'. Can you explain this answer?
Twelfth five year plan
a)
1997-2002
b)
2007-2012
c)
2012-2017
d)
2002-2007
|
|
Anshu Bose answered |
The Twelfth Five Year Plan is a comprehensive economic development strategy for India that covers a period of five years. The plan aims to achieve various social and economic objectives through a combination of policy measures and investment strategies. The Twelfth Five Year Plan was implemented between 2012-2017.
Objectives of Twelfth Five Year Plan:
- Achieve a GDP growth rate of 8-9%
- Reduce poverty by 10% in five years
- Increase employment opportunities
- Improve health and education outcomes
- Promote sustainable development
Key areas of focus:
- Infrastructure development
- Agriculture and rural development
- Manufacturing and services sector growth
- Education and skill development
- Health and nutrition
- Environmental sustainability
Policy measures:
- Increase public investment in infrastructure
- Promote private sector investment through various incentives
- Increase access to finance for small and medium enterprises
- Improve governance and reduce corruption
- Strengthen public service delivery systems
- Increase social sector spending
Outcome of Twelfth Five Year Plan:
- GDP growth rate averaged around 7% during the plan period
- Poverty reduction was less than targeted
- Employment opportunities increased, but not at the desired pace
- Significant progress was made in health and education outcomes
- Infrastructure development was a major focus area, with significant progress made in areas such as transportation and power generation
- Environmental sustainability was not given enough focus, and progress was limited
Overall, the Twelfth Five Year Plan aimed to achieve inclusive and sustainable development for India. While progress was made in several areas, there were also areas where the plan fell short of its objectives. The experience of the Twelfth Five Year Plan has helped shape subsequent development strategies for India.
Objectives of Twelfth Five Year Plan:
- Achieve a GDP growth rate of 8-9%
- Reduce poverty by 10% in five years
- Increase employment opportunities
- Improve health and education outcomes
- Promote sustainable development
Key areas of focus:
- Infrastructure development
- Agriculture and rural development
- Manufacturing and services sector growth
- Education and skill development
- Health and nutrition
- Environmental sustainability
Policy measures:
- Increase public investment in infrastructure
- Promote private sector investment through various incentives
- Increase access to finance for small and medium enterprises
- Improve governance and reduce corruption
- Strengthen public service delivery systems
- Increase social sector spending
Outcome of Twelfth Five Year Plan:
- GDP growth rate averaged around 7% during the plan period
- Poverty reduction was less than targeted
- Employment opportunities increased, but not at the desired pace
- Significant progress was made in health and education outcomes
- Infrastructure development was a major focus area, with significant progress made in areas such as transportation and power generation
- Environmental sustainability was not given enough focus, and progress was limited
Overall, the Twelfth Five Year Plan aimed to achieve inclusive and sustainable development for India. While progress was made in several areas, there were also areas where the plan fell short of its objectives. The experience of the Twelfth Five Year Plan has helped shape subsequent development strategies for India.
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