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Economics Assertion Based Questions
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Economics Assertion Based Questions
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Assertion and Reason based question:-1. A:- The progress of the modern industry remained very slow.
R:- There was hardly any capital goods industry to help promote industrialization in India.
2. A:- India became an exporter of primary products and an importer of finished consumer and capital goods
produced in Britain.
R:- Restrictive policies of commodity production, trade and tarrif pursued by the colonial government adversely
affected the structure , composition and volume of India’s foreign trade.
3. A:- Britain maintained a monopoly control over India’s exports and imports.
R:- The opening of Suez Canal further intensified British control over India’s foreign trade.
4. A:- Suppose the literacy rate in a state is 78% and the net attendance ratio in secondary stage is 47%.
R:- More than half of the students are going to other states for elementary education.
5. A:- A good indicator of economic growth is steady increase in GDP.
R:- The GDP is market value of final goods and services produced in the domestic territory of the country.
6. A:- Adoption of new technology is the production of goods and services to increase the output is called
modernization.
R:- Modernisation does not refer only to the use of technology but also to change in social outlook.
7. A:- The first seven five year plans gave importance to self-reliance.
R:- Self-reliance means avoiding imports of those goods which could be produced in India itself.
8. A:- Land ceiling means fixing the maximum size of land which could be owned by an individual.
R:- The purpose of land ceiling was to reduce the concentration of land ownership in a few hands.
9. A:- The major policy initiatives that is land reforms and green revolution helped India to become self-sufficient
in food grains production.
R:- The proportion of people depending on agriculture did not decline as epected.
10. A:- During the colonial rule there was neither growth nor equity in the agriculture sector.
R:- The policy makers of independent India had to solve the issues related to agriculture which they did through
land reforms.
11. A:- Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the owners
of land.
R:- The idea behind this move was that ownership of land would give incentives to the tillers to invest in making
improvements.
12. A:- The stagnation in agriculture during colonial rule was permanently broken by the Green revolution.
R:- This refers to the large increase in production of food grains, especially wheat and rice resulting from the use
of HYV seeds.
13. A:- In accordance with the goal of the state controlling the commanding heights of the economy, IPR 1956 was
adopted.
R:- This resolution formed the basis of the second five year plan, the plan which tried to build the basis for a
socialist pattern.
14. A:- Under the IPR 1956, the private sector was kept under state control through licensing system. No new
industry was allowed unless a license was obtained from the government.
R:- The objective of such policy was to ensure that the private sector enterprises do not grow at a faster pace than
public sector enterprises.
15. A:- When calculating total value of goods and services produced in a country, the value of all goods and services
at each stage of production should be calculated.
R:- At each stage of production some value is added to a goods and services, therefore , the value added at each
stage of production is added to derive the total value of goods and services in an economy.
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