Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | Why was it necessary for a developing co
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
Self-reliance implies discouraging the imports of those goods that could be produced domestically. Achieving self-reliance is of prime importance for a developing country like India as otherwise, it would increase the country's dependence on foreign products. Dependence on foreign goods and services can promote economic growth of India but this would not contribute to the development of domestic productive resources. Dependence on foreign goods and services provides impetus to foreign country's industries at the cost of domestic infant industries. Further, imports drain away the scarce foreign reserves that are of prime importance to any developing and underdeveloped economy. Therefore, achieving self-reliance is an important objective for developing countries in order to avoid themselves from being acquiescent to the developed nations.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990
- Q:-
Why was the public sector given a leading role in industrial development during the planning period?
- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. Chairperson of the planning commission
D. The money value of all the final goods and services produced within the economy in one year.
E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
- Q:-
What is marketable surplus?
- Q:-
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
- Q:-
Explain ‘growth with equity’ as a planning objective.
- Q:-
Why and how was the private sector regulated under the IPR 1956?
- Q:-
Define a plan?
- Q:-
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
- Q:-
Why did India opt for planning?
- Q:-
Why should plans have goals?
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why were reforms introduced in India?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration. - Q:-
Name some modern industries which were in operation in our country at the time of independence?
- Q:-
Education is considered to be an important input for the development of a nation. How?
- Q:-
How has women’s health become a matter of great concern?
- Q:-
Why are less women found in regular salaried employment?
- Q:-
Who is a casual wage labourer?
- Q:-
Explain the role of micro-credit in meeting credit requirements of the poor.
- Q:-
The newly emerging jobs are found mostly in the sector (service/manufacturing).
- Q:-
Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?
- Q:-
Suppose you are from a poor family and you wish to get help from the government to set up a petty shop. Under which scheme will you apply for assistance and why?
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11