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Indian Economy 1950-1990
Distinguish between subsistence agriculture and commercial agriculture?
Under subsistence agriculture, a farmer mainly produces those crops which are required to meet the most immediate needs of his family. These are primarily food crops and to some extent non-food crops like cotton, sugarcane, etc. On the other hand, under commercial agriculture, a farmer cultivates those crops which find a ready market. The farmer sells the crops in the market and with the cash received from the sale of crops, he purchases the goods required by him.
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Who floated the idea of planning in India first of all?
How many plans have been completed in India so far?
Define capitalist economy.
What is a socialist economy?
What is mixed economy?
What is meant by economic growth?
What structural change undergoes with development of the economy?
Name the sectors from which the GDP of a country is derived.
On which idea is the policy of 'land to tiller' is based?
Where is the provision for economic and social planning in our Constitution?
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