Q.18:- Why and how was private sector regulated under the IPR 1956?   Answer Under IPR 1956 the private sector was kept under state control through a system of licenses. No…

Q.17:- Explain how import substitution can protect domestic industry.   Answer:- The import substituting industrialisation was the objective of second FYP (1956-61) till the Seventh FYP (till 1990). The Mahalanobis strategy…

Q.16:- Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy’s resources. Discuss the usefulness of public sector undertakings…

Q.15:- Why despite the implementation of green revolution, 65% of our population continued to be engaged in the agriculture sector till 1990?   Answer:-  The structural change in composition of GDP…

Q.14:- While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.   Answer:- Subsidy…

Q.13:- Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during times of shortage.   Answer:-  Green Revolution…

Q.12:- Why was public sector given a leading role in industrial development during the planning period?   Answer:- Public sector has been playing a very significant role in the development of…

Q.11:- What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy? Comment.   Answer:- The GDP of a country is…

Q.10:- Why was it necessary for a developing country like India to follow self-reliance as a planning objective?   Answer:-  On the eve of independence, India was poor, stagnant and backward….

Q.9:- Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.   Answer:-  No, modernisation as a planning objective does not contradict employment generation. In fact…