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Indian Economic Development Questions Answers

The document outlines key questions and answers related to Indian economic development, covering topics such as economic growth vs. development, the Human Development Index, poverty line, and sustainable development. It includes short answer questions, short essays on the features of the Indian economy, causes of unemployment, and the role of agriculture, as well as long essays on economic reforms, sustainable development challenges, human capital formation, poverty causes and effects, and the importance of the service sector. Overall, it serves as a comprehensive guide to understanding various aspects of India's economic landscape.

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62 views3 pages

Indian Economic Development Questions Answers

The document outlines key questions and answers related to Indian economic development, covering topics such as economic growth vs. development, the Human Development Index, poverty line, and sustainable development. It includes short answer questions, short essays on the features of the Indian economy, causes of unemployment, and the role of agriculture, as well as long essays on economic reforms, sustainable development challenges, human capital formation, poverty causes and effects, and the importance of the service sector. Overall, it serves as a comprehensive guide to understanding various aspects of India's economic landscape.

Uploaded by

kaviyakaviya2423
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Indian Economic Development - Important Questions and Answers

2-Mark Questions (Short Answer)

1. Define economic development.

- Sustained improvement in living standards, health, education, and per capita income.

2. What is the difference between economic growth and economic development?

- Growth means increase in GDP; Development includes growth plus improvement in quality of

life.

3. What is the Human Development Index (HDI)?

- A composite index measuring life expectancy, education, and per capita income.

4. Define poverty line.

- The minimum income level necessary to meet basic needs like food, shelter, and clothing.

5. What is sustainable development?

- Development that meets present needs without compromising future generations.

5-Mark Questions (Short Essay)

1. Features of the Indian economy:

- Mixed economy, agricultural dominance, demographic dividend, developing infrastructure, and

diverse sectors.

2. Causes of unemployment in India:

- Population growth, seasonal jobs, lack of skill development, low industrial growth, and mismatch

in job market.
3. Objectives of Five-Year Plans in India:

- Economic growth, poverty eradication, modernization, self-reliance, and equitable distribution.

4. Role of agriculture in the Indian economy:

- Provides employment, raw materials, food security, and contributes to GDP.

5. Main sources of rural credit in India:

- Institutional: Banks, cooperatives, NABARD. Non-institutional: Moneylenders, relatives.

10-Mark Questions (Long Essay)

1. Impact of economic reforms (LPG) on the Indian economy:

- Liberalization, Privatization, and Globalization increased efficiency, FDI, GDP growth; but also

caused inequality and jobless growth.

2. Challenges and measures of sustainable development:

- Challenges: Pollution, deforestation, climate change. Measures: Renewable energy,

afforestation, efficient resource use.

3. Role of human capital formation in economic development:

- Education and health investments increase productivity, innovation, and economic growth.

4. Causes and effects of poverty in India:

- Causes: Unemployment, lack of education, poor infrastructure. Effects: Malnutrition, illiteracy,

crime, economic instability.

5. Importance of the service sector in India:


- Includes IT, finance, health, education. Major GDP contributor, provides urban employment,

boosts exports.

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