INDIAN ECONOMY (1950 – 1990)

1 mark Questions 1. What do you mean by consolidation of land holdings? 2. Give the classification of industries according to IPR 1956. 3. What was the idea behind abolition of intermediaries? 4. What is meant by self reliance? 5. What are land reforms? 6. What is meant by land ceiling? 7. What is marketable surplus? 8. What are subsidies? 9. Define a small scale industry. 10. Name two ways in which domestic industries can be protected from

imports. 11. Why is NEP called the policy of “Economic Reforms”? 12. What is bilateral trade? 3 /4 mark Questions 1. Explain the need and types of land reforms implemented in the

agricultural sector. Have these reforms been successful in their implementation?

2. “Policy of import substitution can protect domestic industry from foreign competition.” Explain with examples.

3. What are the main features of Indian agriculture? 4. What were the main shortcomings of the green revolution? 5. Why was public sector given a strategic role in industrial development

during the planning period? 6. Why is reservation and protection essential for the growth of small scale

and cottage industries in India? 7. Are subsidies necessary to promote agriculture in India? 8. What role did licensing policy and protectionism play in industrial

development of independent India? 9. What is Green Revolution? What are its features? 10. How do small scale industries promote rural development? 6 mark Questions 1. While subsidies encourage farmers to use new technology, they are a huge

burden on government finances. Discuss the usefulness of subsidies in the light of this fact.

2. Why was green revolution implemented in India? Did it benefit the farmers?

3. Why should small and cottage industries be protected in India?