Study the map of the Rhine waterway and answer the questions that follow :
“British colonial rule in India executed a systematic economic exploitation that involved the extraction of India’s resources and wealth to benefit Britain.” Justify the given statement with valid explanation.
“The disinvestment policy of India under the 1991 reforms involved selling of part of the government’s stakes in Public Sector Undertakings (PSUs).”
Explain the rationale behind the decision undertaken by the government.
(a) (i) Distinguish between human capital and physical capital.
(ii) Define Sustainable Development.
OR
(b)
(i) Describe briefly the importance of micro-credit programmes in Rural India.
(ii) State any one strategy involved in attaining sustainable development in India.
(a) (i) Import substitution policy, if not applied carefully, can be a double-edged sword for any economy. Do you agree with the given statement? Justify your answer with valid arguments.
(ii) State how multilateral trade is different from bilateral trade.
OR
(b)
(i) Discuss briefly, causes and consequences of the tax reforms initiated during economic reforms in India.
(ii) Give one example each of a Navratna and a Maharatna company in the public sector in India.
Using the following data, analyse the sectoral contribution of India and Pakistan towards Gross Value Added (GVA).
Sector | Contribution to GVA | Distribution of Workforce | ||||
India | China | Pakistan | India | China | Pakistan | |
Agriculture | 16 | 7 | 24 | 43 | 26 | 41 |
Industry | 30 | 41 | 19 | 25 | 28 | 24 |
Services | 54 | 52 | 57 | 32 | 46 | 35 |
Total | 100 | 100 | 100 | 100 | 100 | 100 |