List of practice Questions

Read the following text carefully:
In an economy, a significant reduction in Aggregate demand raised concerns about future growth prospects of the country. This economic downturn underscores the urgent need for strategic measures to boost confidence of households and stimulate economic activities.
Based on the above text and common understanding, explain the measures which the government may take to stabilise the indicated situation.

Equilibrium level of income for Economy B.

State the steps pertaining to the estimation of National Income, under the Expenditure Method.

”Farm subsidies put a huge burden on the government finances, but are necessary for poor and marginal farmers.”
Justify the given statement with valid explanation.

”The goal of equity was served by ’Abolition of Intermediaries’ in agriculture in the post-independence period.”
Do you agree with the given statement? Support your answer with valid explanation.

"Globalisation has been a process for India with only positive results."
Defend or refute the given statement with valid explanation.

"It is necessary to generate more employment in the formal sector rather than in the informal sector."
Justify the given statement with valid arguments.

"IT can play a critical role in achieving sustainable development and food security in the 21st century in the country."
Justify the given statement with valid arguments.

On the basis of the given image, explain the source of human capital formation which may contribute to the economic growth in India.

”The real motive behind infrastructural development under the British rule was not to provide basic amenities to the people of India but to subserve various colonial interests.”
Do you agree with the given statement? Give valid reasons in support of your answer.

"During the British rule, the contribution of the industrial sector to the Gross Domestic Product (GDP) remained very low."
Justify the given statement with valid arguments in support of your answer.

Which of the following country/countries followed the Five Year Planning structure of economic development?
(i) India (ii) China (iii) Pakistan (iv) USA

Read the following statements carefully:
Statement 1: Employment is an activity which enables a person to earn means of livelihood for his/her family.
Statement 2: A worker is one who contributes to the process of Gross Domestic Product (GDP) by rendering his productive services.

Study the following image and identify the measure adopted by the Government to improve agricultural marketing.

Based on the image, the measure adopted is a regulated market system where agricultural produce is bought and sold in a regulated environment to ensure fair prices and reduce exploitation.

"The Indian Government adopted a policy of fixing maximum land holding limit (ownership) for an individual."
It is commonly known as .............

Read the following statements – Assertion (A) and Reason (R) carefully. Choose the correct alternative from those given below:
Assertion (A): The year 1921 is called the Year of Great Divide.
Reason (R): After the year 1921, India experienced a sharp rise in its population growth rate.