What do you understand by the drain of Indian wealth during the colonial period?
Dadabhai Naroji advocated the theory of 'Drain of Wealth' in the 19th century. The colonial period was marked by the exploitation of Indian resources. The sole motive of Britain to conquer India was to own a perennial source of cheap raw materials to feed its own industrial base in Britain. Further, British government used India's manpower to spread its colonial base outside India. Also, the administrative expenses that were incurred by the British government to manage the colonial rule in India were borne by Indian Exchequer. Thus, the British rule drained out Indian wealth for the fulfillment of its own interests.
Popular Questions of Class 11 Economics - Indian Economic Development
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Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
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How is RBI controlling the commercial banks?
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Explain the steps taken by the government in developing rural markets.
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What are the functions of the environment?
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Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers. - Q:-
Why was the public sector given a leading role in industrial development during the planning period?
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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.
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Infrastructure contributes to the economic development of a country. Do you agree? Explain.
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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.
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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?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
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What is organic farming and how does it promote sustainable development?
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Enlist some problems faced by farmers during the initial years of organic farming.
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Describe the path of developmental initiatives taken by Pakistan for its economic development.
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Suppose you are a resident of a village, suggest a few measures to tackle the problem of poverty.
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How has the consumption pattern of energy changed over the years?
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What is the meaning of quantitative restrictions?
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What are the main characteristics of health of the people of our country?
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The newly emerging jobs are found mostly in the sector (service/manufacturing).
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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?
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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)
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