MCQ on Economic Reforms in 1991 for class 12

-

MCQ on Economic Reforms in 1991 

for class 12 

 https://forms.gle/Szu3UCKTYgaz1QAL6


Comments

Post a Comment

Popular posts from this blog

UNIT- 1 NATIONAL INCOME AND RELATED AGGREGATES

-
Image
  1. Basic Concepts of Macroeconomics Macroeconomic   Macroeconomics is the branch of economics that deals with the behaviour and performance  of an economy as a whole. Difference between Microeconomics and  Macroeconomics Microeconomics studies the behaviour of individual economic units.  Example - demand of a consumer, price determination of a commodity It's main tools are demand and supply.  It is also called price theory Macroeconomics studies the behaviour of the economy as a whole.  Example - income and employment in the economy, money supply in the economy It's main tools are aggregate demand (AD) and aggregate supply (AS).  It is also called Income and Employment Theory.  Final Goods  Final goods refer to those goods which are either used for consumption purpose  or for investment purpose by the end user. For example - Milk, machine etc * Expenditure made on them is called final expenditure Intermediate Goods  Intermedi...
Read more

Indian Economy on the Eve of Independence NCERT Solution

-
Indian economy on the eve of independence Introduction: The sole purpose of the British colonial rule in India was to reduce the country to being a raw material supplier for Great Britain's own rapidly expanding modern industrial base. Before the British rule: The Indian economy was primarily an agricultural economy. The prominent handicraft industries which gave prime place to India in the world market were cotton and silk textile, metal industries, precious stone works.etc. During the British Rule: The main interest was to protect and promotion of economic interests of Britain's rather than the development of the Indian economy British government changed the whole structure of the Indian economy and transformed it into a supplier of raw materials and consumer of finished product of British industries.. No sincere efforts were made for estimating India's national income and per capita income but some Indian economists made efforts. It included Dada Bhai Naroji, William Dig...
Read more

INDIAN ECONOMY 1950-1990

-
  ECONOMIC SYSTEM  An Economic system is an order of an economy.  Thus. an economic system is a system of production, resource allocation and distribution of goods and services within a society. Capitalism (Free Economy/ Market Economy/ Laissez Faire) Resources are owned, managed and controlled by private individuals. The private individuals. Its main aim to earn maximum profits. Market forces i.e. demand for and supply of goods determined the price. Government’s role is limited. Socialism (Planned Economy)  Resources are owned by the society. The Government undertakes the production of goods and services. The aim, of production is welfare of the people. Economic Planning solves the basic questions. Mixed Economy  It is a combination of capitalism and socialism. Private and Public sectors co exist.  REASONS BEHIND THE ADOPTION OF  MIXED ECONOMY        (i) Economic condition of India was backward at the time of Independence. So, we w...
Read more