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CBSE Class 11-commerce Answered

Q.16 Why did India change its economic policies in 1991?

Asked by sntshtrk530 | 04 Sep, 2017, 04:47: AM

Expert Answer

NEP was initiated by the government in 1991 because

Increase in fiscal deficit raised the burden of the government to repay loans with interest, and thus, India was caught in a debt trap.
Unfavourable balance of payment increased the burden of the foreign debt service.
Reduction in foreign exchange reserves led to a situation where the Indian government mortgaged gold reserves to the World Bank to repay borrowed loans.

Answered by Tharageswari S | 04 Sep, 2017, 08:49: AM

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CBSE 11-commerce - Economics

<div> <div>Q.25 What were the main causes of India’s agricultural stagnation during the colonial</div> <div>period?</div> </div>

Asked by sntshtrk530 | 04 Sep, 2017, 04:53: AM

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CBSE 11-commerce - Economics

<div> <div>‘While subsidies encourage farmers to use new technology, they are a huge burden</div> <div>on government finances.’ Discuss the usefulness of subsidies in the light of this fact.</div> </div>

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CBSE 11-commerce - Economics

<div> <div>Q.24 What is Green revolution? Why was it implemented and how did it benefit the</div> <div>farmers? Explain in brief.</div> </div>

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CBSE 11-commerce - Economics

<div> <div>Q.23 Enumerate the poverty alleviation programmes initiated by the government to</div> <div>combat poverty in India.</div> </div>

Asked by sntshtrk530 | 04 Sep, 2017, 04:51: AM

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CBSE 11-commerce - Economics

<div> <div>Q.22 Explain in brief, the various points of criticism of economic reforms. Which values</div> <div>in your opinion were tried to be realised?</div> </div>

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CBSE 11-commerce - Economics

<div>Q.21 Evaluate state of Indian economy on the eve of independence.</div>

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CBSE 11-commerce - Economics

<div>Do you think outsourcing is good for India? Why are developed countries opposing it?</div>

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CBSE 11-commerce - Economics

<div> <div>Q.20 Distinguish between the following.</div> <div>i) Tariff and non-tariff barriers.</div> <div>ii) Ceilings on land holdings and Consolidation of land holdings.</div> </div>

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CBSE 11-commerce - Economics

<div> <div>Q.19 ‘Those public sector undertakings which are making profits should be privatized.’</div> <div>Do you agree with this view? Give reasons in support of your answer.</div> </div>

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CBSE 11-commerce - Economics

<div>Q.18 Explain ‘growth with equity’ as a planning objective.</div>

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