PRASHANT KIRAD
ECONOMICS
Q1.Propose any two measures to be taken by India in improving
its HDI. (2014)
Q2.How can the formal sector loans be made beneficial for
poor farmers and workers? Suggest any five measures (2016)
Q3.What do you mean by the term ‘collateral’? Why do banks
ask for collateral while giving loans? (2018)
Q4.“Average income is an important criterion for development.”
Justify. (2018)
Q5.Explain the significance of The Reserve Bank of India in
10
the Indian economy. (2017)
Q6.Explain the interdependence of all three sectors giving
examples from the transportation system. (2019)
&
Q7.What does the history of developed countries indicate about
9
the shifts that have taken place between sectors? (2020)
B
Q8.What are the various sources of credit in rural areas?
Which one of them is the most dominant source of credit and
U
why? (2022)
PH
Q9.Why is it necessary that banks and co-operatives increase
their lending in rural areas? Explain. (2016)
EX
Q10.“Conflicting goals can be development goals.” Elaborate
with examples. (2013)
Q11.How are deposits with the banks beneficial for an individual
as well as for the nation? Explain with examples. (2018)
Q12.How is the issue of sustainability important for
development? Explain with three examples. (2014)
Q13.“Money in your pocket may not buy all the goods and
services you need to live well.” Is it true or not? Elucidate.
(2019 C) Money in our pockets cannot buy all the goods and
services that we may need to live well.
, PRASHANT KIRAD
Q14.In what ways can employment be increased in urban areas?
(2019)
Q15.Why is credit a crucial element in economic development?
(2020) Credit is a crucial element in the economic development of
a country because:
ANSWERS:
answer 1:
Two measures to be taken by India to improve its HDI could be:
● Increase in budgetary allocation on education and healthcare
facilities. India needs to focus on improving access to healthcare
10
services, especially in rural areas. This could involve building more
hospitals and clinics, training more healthcare workers, and
implementing policies to reduce the cost of healthcare. Subsidies
&
can be channelized towards the generation of more employment
opportunities.
9
● Investing in education: India needs to invest in education to
improve its human capital. This could involve increasing the number
B
of schools and colleges, providing better teacher training, and
U
implementing policies to ensure that all children have access to
PH
education. Additionally, there needs to be a focus on improving the
quality of education to ensure that students are gaining the skills
they need to succeed in the workforce.
EX
answer2:
● The measures to make formal sector loans beneficial for poor
farmers and workers are:
● The formal sector like banks and cooperatives should lend more to
poor people and workers, particularly in rural areas.
● The formal sector should provide cheap and affordable credit to
the poor people so that repayment is easy.
● Formal sector should work out other ways of arranging collateral
from the poor people.
● By providing linkage between self-help groups and banks, the
formal sector of credit can be increased. ● There should be more
cooperatives and banks in rural areas and people should be made
aware of their presence.
ECONOMICS
Q1.Propose any two measures to be taken by India in improving
its HDI. (2014)
Q2.How can the formal sector loans be made beneficial for
poor farmers and workers? Suggest any five measures (2016)
Q3.What do you mean by the term ‘collateral’? Why do banks
ask for collateral while giving loans? (2018)
Q4.“Average income is an important criterion for development.”
Justify. (2018)
Q5.Explain the significance of The Reserve Bank of India in
10
the Indian economy. (2017)
Q6.Explain the interdependence of all three sectors giving
examples from the transportation system. (2019)
&
Q7.What does the history of developed countries indicate about
9
the shifts that have taken place between sectors? (2020)
B
Q8.What are the various sources of credit in rural areas?
Which one of them is the most dominant source of credit and
U
why? (2022)
PH
Q9.Why is it necessary that banks and co-operatives increase
their lending in rural areas? Explain. (2016)
EX
Q10.“Conflicting goals can be development goals.” Elaborate
with examples. (2013)
Q11.How are deposits with the banks beneficial for an individual
as well as for the nation? Explain with examples. (2018)
Q12.How is the issue of sustainability important for
development? Explain with three examples. (2014)
Q13.“Money in your pocket may not buy all the goods and
services you need to live well.” Is it true or not? Elucidate.
(2019 C) Money in our pockets cannot buy all the goods and
services that we may need to live well.
, PRASHANT KIRAD
Q14.In what ways can employment be increased in urban areas?
(2019)
Q15.Why is credit a crucial element in economic development?
(2020) Credit is a crucial element in the economic development of
a country because:
ANSWERS:
answer 1:
Two measures to be taken by India to improve its HDI could be:
● Increase in budgetary allocation on education and healthcare
facilities. India needs to focus on improving access to healthcare
10
services, especially in rural areas. This could involve building more
hospitals and clinics, training more healthcare workers, and
implementing policies to reduce the cost of healthcare. Subsidies
&
can be channelized towards the generation of more employment
opportunities.
9
● Investing in education: India needs to invest in education to
improve its human capital. This could involve increasing the number
B
of schools and colleges, providing better teacher training, and
U
implementing policies to ensure that all children have access to
PH
education. Additionally, there needs to be a focus on improving the
quality of education to ensure that students are gaining the skills
they need to succeed in the workforce.
EX
answer2:
● The measures to make formal sector loans beneficial for poor
farmers and workers are:
● The formal sector like banks and cooperatives should lend more to
poor people and workers, particularly in rural areas.
● The formal sector should provide cheap and affordable credit to
the poor people so that repayment is easy.
● Formal sector should work out other ways of arranging collateral
from the poor people.
● By providing linkage between self-help groups and banks, the
formal sector of credit can be increased. ● There should be more
cooperatives and banks in rural areas and people should be made
aware of their presence.
