What is the significance of ‘energy’? Differentiate between commercial and non-commercial sources of energy.
Energy is the most important component of economic infrastructure. It is a critical aspect of the development process of a nation. It is essential for industries as no commodity is produced without using energy. Nowadays, energy is used even in the agricultural sector. It is needed to operate tube-wells, tractors and thrashers. It is also required in houses for cooking. One cannot even think of a day without electricity and other sources of energy like petrol, LPG, etc. So, we can say that energy is the lifeline of the entire production activity.
Commercial Energy | Non Commercial Energy |
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i. The sources of energy that are available to the users at some price are referred to as commercial energy. ii. This form of energy is used for commercial purposes. iii. For example, coal, petroleum, natural gas and electricity. |
i. The sources of energy that are usually available freely to the users are referred to as non-commercial energy. ii. This form of energy is used for domestic consumption. iii. For example, Firewood, agricultural waste, animal waste (cow dung). |
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 is marketable surplus?
Give reasons for the slow growth and re-emergence of poverty in Pakistan.
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.
What are the indicators of educational achievement in a country?
What is the important implication of the ‘one child norm’ in China?
Why did India opt for planning?
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.
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?