Q2 of 8 Page 22

Explain the concepts.

1. Mixed Economy


2. 20-point Programme

1. In simple words, the mixed economy was the characteristics of both the economies. In this economy, the public and private sector are run together e.g. India. It was a mixture of market and command economy.


2. Prime Minister
Indira Gandhi announced the 20-point programme on 1st July 1975.


The main provisions of the 20-point programme are as follows:



(1) The land ceiling for cities and agricultural land, equal division of wealth, minimum wages for workers, increase in water conservation schemes.


(2) Workers’ participation in industry, national training scheme, freeing bonded labour.


(3) Prevention of tax evasion, economic crimes, and smuggling.


(4) Regulation of prices of basic necessities, improvements in the public distribution system.





More from this chapter

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1

Identify the wrong pair and rewrite the corrected one.

1. Kavasaji Davar - Iron and Steel factory


2. Dr Datta Samant - Leadership of mill workers


3. N. M. Lokhande - Holiday for mill workers


4. Narayan Survey - Depiction of lives of workers through poems

 2

Complete the following chart.

 3

Give reasons.

1. Independent India opted for a mixed economy.


2. Banks were nationalized in 1969.


3. Mill workers went on strike.

 3

Answer the following questions in 25 to 30 words.

1. Which programmes were started in the 8th five-year plan?


2. Which projects were started in the 2nd five-year plan?