Introduction WHY DO PEOPLE WORK? Work plays an important role in our lives as individuals and as members of society. It is clear from the following. Basic Concepts Labour force = Persons working + Persons seeking Note: Children below 15…
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Microeconomics Practice Paper Introductory Microeconomics Q1. Since microeconomics splits up the entire economy into smaller parts for the purpose of intensive study, it is also known as Ans. Option 3 (Slicing method) Q2. Robbins’s definition is superior to the earlier…
Q. What is meant by economic reforms ? Ans. By Economic Reforms, we mean a change in the set of policies from one period of time to another. It includes reforms in the agriculture sector, industrial sector, financial sector, fiscal…
Industrial Development 1947 – 1990 At the time of independence, India had a weak industrial development base, poorly developed infrastructure, and a stagnant economy. At the time of independence, textile and jute industries were mostly developed in India. There were…
Introduction to Indian economy On Aug 15, 1947, India gained freedom and finally, we were masters of our own destiny after some two hundred years of British rule. The most important work in front of the leaders of independent India…
Explain the British Rule In India – Systematic Exploitation of India. The various forms of exploitation by the Britishers on the Indian economy can be broadly analyzed with the following points. (i) India remained an agricultural country throughout the British period…
The Government Budget The government budget is an annual statement, showing item-wise estimated receipt and expenditure of the government during a fiscal year. It is also known as the “Annual Financial Statement” in Article 112 of the Indian Constitution. It…
National Income At Current Price (Nominal National Income)/ Nominal GDP • It refers to the money value of final goods and services produced by nominal residents of a country in a year, measured at current year prices. • For example measurement…
Reserve Bank Of India FUNCTIONS OF RBI Where do Printing of Security Papers, Notes, and Minting of Do coins take Place in India? Security Printing and Minting Corporation of India Limited (SPMCIL) is a Mini-RatnaCategory-I CPSE, and wholly-owned Schedule ‘A’ Company…
CBSE Class 12th Indian Economy Most Important Questions Q1) Why Despite abolition of Zamindari system, poverty continues to be Pervasive in Indian agriculture? Ans) Despite abolition of Zamindari system, poverty continues to be Pervasive in Indian agriculture due to two…
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