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The Industrial Policy Resolution (IPR) 1956 was adopted in order to achieve the aim of a socialist state with the government controlling the major strategic industries of the economy. Under IPR, 1956, the private sector was kept under state control through a system of licenses. No new industry was allowed unless a license was obtained from the government. Even an existing industry had to obtain a license for expanding output or for diversifying production.
The objective behind regulating the private sector through licenses was to promote equitable development in the country. It was easier to obtain a license if the industrial unit was to be established in backward areas.

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The value of MPC is 0.6 and the initial income in the economy is Rs. 100 crore. Prepare a schedule showing Income , consumption and saving . Also show the equilibrium level of income by assuming Autonomous investment of Rs. 80 crore.

Posted by Rikhu Chaudhry 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Nikhil Shukla 4 years, 7 months ago

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AICTE stands for what?

Posted by Varsha Awasthi 4 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Gayatri Panwar 4 years, 7 months ago

All india concil technical education

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Utkarsh Soni 4 years, 7 months ago

All India Council for Technical Education

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Explain the difference between BOP and BOT

Posted by Varsha Awasthi 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Utkarsh Soni 4 years, 7 months ago

BOT is a statement which records a country's imports and exports of goods with other countries in a period. Whereas BOP records all the economic transactions performed by that country within a period. A major difference between BOP and BOT is regarding the records they keep.

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Earlier under self employment program financial assistance was given to family of individual. Since 1990s, this approach has been changed. Explain how??

Posted by Niharika Mehta 4 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Nikhil Shukla 4 years, 7 months ago

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Suvangi Mohanty 4 years, 7 months ago

Books class 12 economic

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Explain working of investment multiplier with the help of numerical example

Posted by Suraj Jha 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Nagendran Krishna 4 years, 7 months ago

Investment multiplier is the the ratio between change in y and change in i Numerical eg: Suppose change in i = 100 and MPC = 0.5 no/change in y/C/Change S 1 100 50 50 2 50 25 25 3 25 12.5 12.5 - -. - total 200 100 100 above table shows that as result of increase in investment leds to an increase in the consumption and total income by 200 the investment has a multiplier effect on the income

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What is the difference between self sufficiency and self reliance

Posted by Disha Kathpal 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Utkarsh Soni 4 years, 7 months ago

Self-reliance means making your own economy strong and strong does not mean giving it crutches like protectionism. ... So the correct self-sufficiency means you strengthen your economy by making it more productive and more low cost

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What is moc

Posted by T S 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Khushi Saini 4 years, 7 months ago

MOC :- Marginal Opportunity Cost.

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What is agricultural marketing? Discuss the measures initiated by government in developing rural marketing aspect.

Posted by Gagan Balani 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Divya Jain 4 years, 7 months ago

Agricultural marketing refers to the process of assembling,storage,processing, transportation,packaging,grading and distribution of agricultural goods. The measures initiated by the government in developing rural marketing aspect are 1. Regulation of markets 2. Cooperative marketing 3. Improving infrastructure facilities and 4. Policy instruments which include msp,public distribution schemes etc

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“Government should regulate mergers between firms” Give reason in favor and against this statement. (

Posted by Mahi Kumari 4 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 4 years, 4 months ago

The government has the power to regulate mergers between firms because of antitrust laws. Firms might want to merge to increase operating efficiency and reduce costs, something that is good for society, or to gain monopoly power, which is bad for society.

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Explain excess supply with the help of a diagram

Posted by Prashant Dawra 4 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Utkarsh Soni 4 years, 7 months ago

Pranchal you are wrong he asked about excess supply not excess demand so, an excess supply or economic surplus is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand.

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Om Singh 4 years, 7 months ago

what is money suppy ..

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Pranchal Balecha 4 years, 7 months ago

It refers to the situation when there is more demand then supply .It also refers to situation where there is fully employment situation .

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What is swap market??

Posted by Ultimate Noob 4 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Anna Joji 4 years, 7 months ago

A swap is an exchange between 2 counterparties to exchange cash flows in the future.

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In the determination of social welfare, what matters is the quantum of output rather than composition of output. Defend or repute.

Posted by Aman Maurya 4 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 4 years, 4 months ago

The above statement is incorrect. Social welfare depends both on the quantum of output as well as the composition of output. If goods are produced primarily for richer sections of the society (ignoring the interest of poorer sections of the society), social welfare is bound to remain low even when the quantum of output is rising.

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Define the term 'Public Goods'?

Posted by Khushi Saini 4 years, 7 months ago

CBSE > Class 12 > Economics

5 answers

Nikhil Shukla 4 years, 7 months ago

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Sakshi Yadav 4 years, 7 months ago

Goods that collectively satisfy needs of people

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Myron Singh 4 years, 7 months ago

Such goods satisfy all the needs of people without any sort of payment in return to govt. For example ( law Nd order , defence, garden, street light etc).

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Muhammed Rayhan 4 years, 7 months ago

Hop

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Jay Verma 4 years, 7 months ago

a commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.

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Gst viva question ❓

Posted by Munish Kumar 4 years, 7 months ago

CBSE > Class 12 > Economics

0 answers

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explain the various classification of industries as per the industrial policy resolution in 1951

Posted by Jeetan Yadav 4 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Pranchal Balecha 4 years, 7 months ago

There are three types of industries classified under Industrial Resolution are :- 1. Schedule 1 = In this category only those industries will come which are under the government control. Like :-Atomic Energy , Aircraft .. 2. Schedule 2 = In this schedule only those industries will come which are built by government and run by public sector they are mainly for public welfare . Example :- Iron and Steel .. 3 Schedule 3 :- It consists of those industries which are fully under the private sector from building to running all are under the private sector . Like :- Clothes , Soft drinks ..

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Kartik Pawar 4 years, 7 months ago

L ph

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What is stock variable?

Posted by Ramjaan Khan 4 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Divya Jain 4 years, 7 months ago

The stock variables are the variables which are measured at a particular point of time. For example national wealth,etc

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Pranchal Balecha 4 years, 7 months ago

The stock variable refers to those variable which are count at a particular point of time . They are in stock concepts . Example :- Water in a tank , rupees in bank on 23rd march ....

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Project role of RBI in control of credit

Posted by Makson Chakma 4 years ago

CBSE > Class 12 > Economics

1 answers

Pranchal Balecha 4 years, 7 months ago

RBI plays a very crucial role in generating and distributing currency in the economy . It controls and regulates the finance in the economy.

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Expert predict that by 2020 India could earn more than 500 billion rupees to 'medical tourism' do you agree ?elaborate.

Posted by Rishabh Kumar 4 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Pranchal Balecha 4 years, 7 months ago

Yes , India can earn 500 billion rupees because medical facilities in India are easy affordable by the poorer section of the society . In India medical facilities are cheaper in rate and in good condition with proper main range .

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Comment on the growth rate grands witnessed in China and India in the last two decades.

Posted by Simran Panchal 4 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Pranchal Balecha 4 years, 7 months ago

The growth rate in China is increasing because of Moderate population , educated people , developed country . The Growth rate in India is in progress to increase because of government initiatives and various programmes started by the government for the poor section of the society and sone welfare programmes also .

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When the government need money, it can take it from the RBI .explain the function performed by RBI in this case .

Posted by Anukriti Kumari Rajak 4 years, 8 months ago

CBSE > Class 12 > Economics

5 answers

Pranchal Balecha 4 years, 7 months ago

Central Bank / RBI is an apex body that controls directs and regulates the entire cross section of the society The function that RBI performs are :- 1. Currency Authority :- The Finance minister print and regulates the one rupees note and coins and rest rupees bears by the signature of the RBI . 2. Bankers to the Bank :- A. Banker to the government :- ? It maintain current account . ?It receipts and make payment for the government and carry out exchanged remmitances for the government temporary period . ? It gives loan for the government temporary periods . The government sells it's Treasury bills and securities . B. As an agent :- It helps in maintaining public debts. C. As an financial advisors :- It advances government for political , social , economical time . 3. Bankers bank and supervisor :- ? Custodian of cash reserve ?Legal lender of last resort 4. Controller of money supplier and credit :- ? Bank rate ?Repo rate ?Reverse Repo rate ?open Market operation Legal reserve Ratio ? Cash reserve ratio ?statutory liquidity ratio ? Margin Requirement

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Cute Girl 4 years, 8 months ago

Government's bank

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Utkarsh Soni 4 years, 8 months ago

Btw it's not come in any function of RBI. If you have doubt on it then you can google it also.

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Utkarsh Soni 4 years, 8 months ago

Central Bank is a banker to the government. As a banker to the government it manages accounts of the government. As a agent to the government, it buys and sells securities on behalf of the government. As an advisor to the government, it frames policies to regulate the money market.

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?????? ???? . 4 years, 8 months ago

This statement represents the function of BANKER OF GOVERNMENT

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Central bank and commercial bank play a big role in maintaining the supply of money in the economy. In the light of this statement explain the factor that affect the money supply in an economy.

Posted by Anukriti Kumari Rajak 4 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Nikhil Shukla 4 years, 7 months ago

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Utkarsh Soni 4 years, 8 months ago

Yes, because central bank provide loan to commercial banks to render loan to people which increases or raises the purchasing power in the economy simpli it's used in deflation and for inflation it's just opposite of it. So we can say that central and commercial plays an vital role in money supply.

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Laxmi bank,a commercial bank, gave loan to the government at the normal interest rate.Can laxmi bank actually give loan to the government? Why

Posted by Anukriti Kumari Rajak 4 years, 8 months ago

CBSE > Class 12 > Economics