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Ask QuestionPosted by Ojaswani Arora 5 years, 6 months ago
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Posted by Ojaswani Arora 5 years, 6 months ago
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Posted by Ojaswani Arora 5 years, 6 months ago
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Posted by Tenreep Tasaw 5 years, 6 months ago
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Sambri Pandit 5 years, 6 months ago
Posted by Nikhil Kumar 5 years, 6 months ago
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Gaurav Seth 5 years, 6 months ago
Agriculture : The art and science of cultivating soil, raising crops and rearing livestock including animal husbandry and forestry.
Posted by Suman Deshwal 5 years, 6 months ago
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Gaurav Seth 5 years, 6 months ago
Dadabhai Naoroji propounded the theory of 'Drain of Wealth' in the 19th century. The colonial period was characterized by the exploitation of Indian resources. The primary motive of Britain to conquer India was to own a perennial source of cheap raw materials to feed its own industrial base in Britain. On the other hand, income of Indians was spent on expensive imports of finished goods from Britain which made Britain richer on the expense of India. Further, British Government used India's manpower to spread its colonial base outside India. Indians served in the British army at lower salaries than their British counterparts. Also, the expanses of war and administrative expenses that were incurred by the British Government to manage the colonial rule in India were drawn from the revenue collected from Indiana and the export surplus generated through foreign trade of India. Thus, the British rule drained out Indian wealth for the fulfillment of its own interests.
Posted by Laddi Aulakh 5 years, 6 months ago
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Gaurav Seth 5 years, 6 months ago
Education Commission had recommended spending 6% of GDP on education. Even at present little over 4% is being spent on education.
Posted by Ravi Chauhan 5 years, 6 months ago
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Aditi Maurya 5 years, 6 months ago
Posted by Pooja Singh 5 years, 6 months ago
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Sureet ????? 5 years, 6 months ago
Meghna Thapar 5 years, 6 months ago
Factor income is income we receive from at least one of the four factors of production. ... Gifts, subsidies, and donations, for example, belong to the transfer income category. According to Wikipedia: “Factor Income is income derived from selling the services of factors of production.”
Posted by Niharika G 5 years, 6 months ago
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Meghna Thapar 5 years, 6 months ago
RBI performs certain non-monetary functions for the supervision of banks and promotion of sound banking system in India. Supervisory functions ensure improvement in the methods of operation of Banking in India. It controls and administers the entire financial and banking system of India through these functions.
Major functions of the RBI are as follows:
- Issue of Bank Notes
- Banker to Government
- Custodian of Cash Reserves of Commercial Banks
- Custodian of Country's Foreign Currency Reserves
- Lender of Last Resort
- Central Clearance and Accounts Settlement
- Controller of Credit
Posted by Abhraneel Kar 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
Posted by Nitika Chauhan 5 years, 6 months ago
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Posted by Mayank Kumar 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
Indian agriculture was stagnated because of the various systems of land settlement which were introduced by the colonial government particularly under the Zamindari system. Their main interest was to collect rent without considering the cultivator’s economic status which caused social tension among them.
Posted by Simran Grover 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
Posted by Nitika Chauhan 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
Posted by Anisha Makkar 5 years, 6 months ago
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Meghna Thapar 5 years, 6 months ago
The role of Food Corporation of India is to maintain sufficient buffer stock in the country and price stabilisation . FCI purchases food grains mainly from surplus states such as Punjab, Haryana and supplies them to deficit states. For administering the food security system, the Food Corporation of India performs the functions of procurement, movement, storage, preservation and distri bution of food grains.
Posted by Raj Raj 5 years, 6 months ago
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Kavya A 5 years, 6 months ago
Posted by Aayushi Saxena 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
Posted by Anmol Bahubal 5 years, 6 months ago
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Posted by Isha Mathur 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
Money flow refers to the flow of money in terms of receipts and payments across different sectors of the economy. Flow of factor payments by producer sector to the household sector or flow of money from household sector to producer sector on account of the purchase of goods and services for consumption are examples of money flows.
Real flow refers to the flow of goods and services across different sectors of the economy. Flow of factor services from household sector to the producer sector or flow of goods and services from producer sector to household sector are examples of real flows.
Posted by Nishi Kumari 5 years, 6 months ago
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Ankit Saroj 5 years, 6 months ago
Posted by Riya Saini 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
- India is an agricultural country as nearly 65% of its population depends on agriculture for its livelihood.
- It provide food, raw material for industries and some product for export.
- It accounts for about 25% of the gross domestic product.
- Nearly two-thirds of its population depends directly on agriculture for its livelihood.
- Agriculture is the main stay of India’s economy.
- It accounts for 26% of the gross domestic product.
- It ensures food security for the country and produces several raw materials for industries.
- Agricultural development is therefore, a precondition of our national prosperity.
Posted by Ankita Kumari 5 years, 6 months ago
- 1 answers
Yogita Ingle 5 years, 6 months ago
| Consumption goods | Capital goods |
| Consumption goods are those goods which are directly used for satisfaction of human wants. These are not used in the production of other goods.Consumption goods are meant for final consumption as final goods. | Capital goods are those goods which are used in the process of production for several years and are of higher value. These goods are fixed assets of the producers. Use of these goods leads to depreciation. |
| Example: Bread and butter consumed by the consumers. | Example: Plant and machinery. |
Posted by Anamika Singh 5 years, 6 months ago
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Sneha Manchanda 5 years, 6 months ago
Posted by Satyam Gupta 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
Producer goods include goods used as raw material such as papers for print media to print newspapers, journal, books and magazines. Also, goods are used as fixed assets such as land and building machinery.
Capital goods include only the fixed assets of producers. These goods are used as durable-use producer goods, whereas the goods used as raw material are single-use producer goods. These goods cannot be used again in the production process. Therefore, all producer goods are not capital goods.
Posted by Tenreep Tasaw 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
Posted by Popeye The Sailor Man 5 years, 6 months ago
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Khushi Varshney 5 years, 6 months ago
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