INDIAN ECONOMY AFTER INDEPENDENCE

I. CHOOSE THE CORRECT ANSWER:

1. Five Year plan in India was borrowed from Soviet Russia

2. Eleventh Five Year Plan Period is 2007-2012

3. Chairman of Planning commission of India is Prime Minister of India

4. Planning Commission of India was setup in the year 1950

5. Nehru decided that India would be a Mixed Economy

6. Green Revolution was introduced in the year 1967

7. Bhoodan Movement was started by Acharya Vinobhabhave

8. Which year has a special significance in Indian Economy? 1991

9. The organization which is responsible for research and development in the area of Satellite and Communication is ISRO

10. As per 2001 census the literacy rate in India is 64.8%

II. Short answer:

1. Write any three objectives of Eleventh Five year plan.

Objectives of Eleventh Five year plan

  • To reduce the subsidies in power, fertilizer.
  • Promoting agricultural research.
  • To ensure environmental protection.
  • Larger employment opportunities.
  • To develop rural infrastructure.

2. Write a note on Green Revolution.

Green Revolution

Green revolution was introduced in the year 1967.

The Indian Council of Agricultural Research (ICAR) introduced high Yielding Variety (HYV) seeds

Increase the agricultural production with improved irrigation facilities.

3. What is Mixed Economy?

Mixed economy in which public and private sectors would co exists.

4. What is Multi National Corporation?

Multi-National Corporations (MNC) are business firms operating in several countries but centrally managed from one (home) country.

5. Write a note on cottage Industries.

Cottage industries are household industries depending on local market and production is of primitive methods. Example: – Coir industries.

6. Write a note on Liberalization

Liberalization means movement towards a free market system.

Withdrawal of regulation and restrictions.

Private sectors are encouraged to enter into core industries.

7. What is Privatization?

Privatization means transforming all economic activities from public sector to private sector. It refers to the setting up of private units in public utility services.

8. What do you mean by Globalization?

Globalization means country draw raw materials from any source of the world and manufacture goods and services. Finished goods find a place in global market is the linkage of nation’s markets with global markets.

III. Detail:

1. Write down the Objectives of Eleventh Five year plan.

Objectives Eleventh Five Year Plan (2007-2012):-

Increasing the public investment in irrigation, rural electrification and rural roads.

  • To reduce the subsidies in power, fertilizer.
  • Promoting agricultural research.
  • To ensure environmental protection.
  • Larger employment opportunities.
  • To develop rural infrastructure.
  • To abolish poverty.
  • To reduce the dropout rate in primary schools

2. Explain Green Revolution.

  • Green revolution was introduced in the year 1967.
  • The Indian Council of Agricultural Research (ICAR) introduced high Yielding Variety (HYV) seeds to increase the agricultural production with improved irrigation facilities.

Land Reforms:-

  • The government initiated land reform measures like land ceiling and tenancy legislation.
  • The Bhoodhan movement started by Vinobhavbhave deserves a mention.
  • Through the Bhoodhan movement millions of acres of land were received from the landlords and distributed to the landless poor.

High Yielding Variety seeds program:-

  • The green revolution largely means increasing production by the use of High Yielding Variety seeds.
  • This enabled India to achieve self-sufficiency in food grain production.
  • The credit goes to Indian Council of Agriculture Research in India particularly Ludhiana, Pantnagar (UP) and Coimbatore.

3. Explain Economic Reforms of 1991.

Economic Reforms of 1991:-

  • The year 1991 has a special significance in the Indian economy.
  • The economic reforms aimed at rapid industrialization.

Multi-National Corporations (MNC):-

  • Multi-National corporations (MNC) are business firms operating in several countries but centrally managed from one (home) country.

Cottage industries:-

  • Cottage industries are household industries depending on local market and production is of primitive methods. Example: – Coir industries.

Liberalization:-

  • Liberalization means movement towards a free market system.
  • Withdrawal of regulation and restrictions.
  • Private sectors are encouraged to enter into core industries.

Privatization:-

  • Privatization means transforming all economic activities from public sector to private sector. It refers to the setting up of private units in public utility services.

Globalization:-

  • Globalization means country draw raw materials from any source of the world and manufacture goods and services. Finished goods find a place in global market is the linkage of nation’s markets with global markets.

4. Explain the various Power Programs in Tamil Nadu

The important power stations in Tamil nadu are listed below:-

Thermal power:-

Thermal power stations are in Ennore, Tuticorin, Mettur, Basin Bridge and Neyveli.

Hydel power:-

Hydel power stations are in Mettur, Kundah, Periyar Dam, Kothayar Dam, Pykara, Singara and Moyar.

Atomic Energy:-

Atomic power stations are in Kalpakkam and Koodangulam.

Wind Energy:-

It is a non-conventional form of energy. The wind mills are situated in Coimbatore, Kanyakumari, Tuticorin, Ramanathapuram and Tirunelveli.

Biomass Energy:-

This is another kind of non-conventional energy. This kind of electricity is produced in Namakkal and Dharmapuri Districts.

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