Q19 of 19 Page 34

Match the following:


Prime Minister - Chairperson of the planning commission


Gross Domestic - The money value of all the final goods and services produced within the economy in one year


Quota - Quantity of goods that can be imported


Land Reforms - Improvements in the field of agriculture to increase its productivity


HYV Seeds - Seeds that give large proportion of output


Subsidy - The monetary assistance given by government for production activities


More from this chapter

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15

Why, despite the implementation of green revolution, 65 per cent of our population continued to be engaged in the agriculture sector till 1990?

 16

Though 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.

 17

Explain how import substitution can protect domestic industry.

 18

Why and how was private sector regulated under the IPR 1956?