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'Food for Work' programme was started in 1970s to raise the standard of living of poors. These poverty alleviation programme aimed to raise income and employment for the poor through the creation of incremental assets and by means of work generation. This programme wanted to ensure goods instead of money.
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Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.
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Sample mean = x = ( Σ xi ) / n
Sample standard deviation = s = sqrt [ Σ ( xi - x )2 / ( n - 1 ) ]
Sample variance = s2 = Σ ( xi - x )2 / ( n - 1 )
Variance of sample proportion = sp2 = pq / (n - 1)
Pooled sample proportion = p = (p1 * n1 + p2 * n2) / (n1 + n2)
Pooled sample standard deviation = sp = sqrt [ (n1 - 1) * s12 + (n2 - 1) * s22 ] / (n1 + n2 - 2) ]
Sample correlation coefficient = r = [ 1 / (n - 1) ] * Σ { [ (xi - x) / sx ] * [ (yi - y) / sy ] }
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Significant and continuous rise in agricultural production with the use of fertilizers, HYV seeds and irrigation facilities is known as Green Revolution.
At the time of independence, about 75% of the country's population were dependent on agriculture. The productivity in agricultural sector was very low because of the use of old technology and absence of the required infrastructure for the majority of the farmers.
The spread of green revolution technology enabled India to achieve self-sufficiency in food grains. It helped in improving the living standard of farmers. Also, it helped in creating marketable surplus of food grains, especially wheat and rice.
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Impact on foreign exchange rate due to increase in import duty on gold:
- The import of gold will fall when the government increases the import duty on gold.
- This reduces the demand for foreign currency.
- With the supply of foreign currency remaining the same, the foreign exchange rate would fall. This implies an appreciation of rupees.
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Sia ? 4 years, 7 months ago
Economic Decision-Makers: Households, Firms, Governments, and the Rest of the World. Macroeconomics: Study how decisions of individuals coordinated by markets in the entire economy join together to determine economy-wide aggregates like employment and growth.
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