What is the sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to the GDP of an economy? Comment.
The sectoral composition of an economy is the contribution of different sectors to the total GDP of an economy during a year. That is, the share of the agricultural sector, industrial sector and service sector in GDP. Yes, it is necessary that at the later stages of development, the service sector should contribute the maximum to the total GDP. This phenomenon is called Structural Transformation. This implies that gradually the country's dependence on the agricultural sector will shift from the maximum to minimum and, at the same time, the share of the industrial and service sector in the total GDP will increase. This structural transformation together with the economic growth is termed as economic development.
Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
How is RBI controlling the commercial banks?
Explain the steps taken by the government in developing rural markets.
What are the functions of the environment?
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
Why was the public sector given a leading role in industrial development during the planning period?
Match the following:
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. 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. |
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
Highlight any two serious adverse environmental consequences of development in India. India’s environmental problems pose a dichotomy — they are poverty induced and, at the same time, due to affluence in living standards — is this true?
Critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the three basic sources of generating power?
Why are tariffs imposed?
Illustrate the difference between rural and urban poverty. Is it correct to say that poverty has shifted from rural to urban areas? Use the trends in poverty ratio to support your answer.
Examine the role of education in the economic development of a nation.
What do you understand by devaluation of rupee?
Mention the various indicators of human development.
Describe the path of developmental initiatives taken by Pakistan for its economic development.
Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration.