Indian Economy 1950-1990 — Economics STD 12 Humanities & Commerce — Question

Why are stabilisation measures also referred to as 'macroeconomic stabilisation measures?

Why is it that the environmental problems did not arise before?

Explain the Great Leap Forward campaign of China as initiated in 1958.

Write a brief note on trade and investment policy reforms. How did it lead to economic growth?OR
What was the purpose of liberalisation of trade and investment in 1991?

Read the passage given below and answer the following questions from 1 to 3.
India realized the significance of human capital in financial development in its early stages. The Seventh Five Year Plan says, ‘Human Resource improvement has essentially to be appointed a key part in any development technique, especially in a nation with such a grand population. The reason for this action plan being:
Higher Productivity of Physical Capital: Human capital boosts the productivity of physical capital as skillful and professional operatives can understand and function the machines or guidelines efficiently than untrained operatives. Human Capital encourages the advancement of new techniques for production and this results in the increase of economic development in the shape of an increase in GDP.

1. In which five year plan, India realised the importance of Human capital?

1. Sixth
2. Seventh
3. Eighth
4. Ninth

2. Human capital formation is very important especially for the nations which have ________ population.

1. Small
2. Very Small
3. Large
4. None of these

3. Human capital leads to an increase in ______________?

1. Quality of life
2. Standard of living
3. Both (a) and (b)
4. None of these

Why has environment depletion led to high opportunity costs?

Explain the objectives of Britain for developing the railways in India.

Why is it not an easy thing for a country like India to maintain employment growth at 2%?

‘Unemployment is related to poverty’. Comment.

Explain the meaning of human capital formation with the help of an example.