Name some notable economists who estimated India’s per capita income during the colonial period?
As the British government was never interested in upliftment of our country, so they never took any initiative to measure India's national and per capita income. Though some of the economists tried to estimate India's national income and per capita income during the colonial rule, the results are mixed and conflicting. The following are some of the notable economists who were engaged in estimation of national income and per capita income:
(i) Dadabhai Naroji
(ii)William Digbay
(iii) Findlay Shirras
(iv) V.K.R.V Rao
(v) R.C. Desai
Out of these, V.K.R.V Rao's estimates are considered to be significant. Most of these studies revealed that Indian economy grew at even less than two percent during 1900-50 with half per cent growth in per capita output per year.
Indicate the volume and direction of trade at the time of independence.
Critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.
What do you understand by the drain of Indian wealth during the colonial period?
When was India’s first official census operation undertaken?
Name some modern industries which were in operation in our country at the time of independence?
Highlight the salient features of India’s pre-independence occupational structure.
What were the main causes of India’s agricultural stagnation during the colonial period?
The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
Give a quantitative appraisal of India’s demographic profile during the colonial period.
What are the two major sources of human capital in a country?
What do you mean by rural development? Bring out the key issues in rural development.
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
What are the indicators of educational achievement in a country?
Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan)
Explain the role of non-farm employment in promoting rural diversification.
What are the indicators of educational achievement in a country?
What are the main problems of human capital formation in India?
Explain ‘growth with equity’ as a planning objective.
Though the 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 in the light of this fact.
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.
Why are tariffs imposed?
How is RBI controlling the commercial banks?
Describe the path of developmental initiatives taken by Pakistan for its economic development.