ECONOMICS (030)
INDIAN ECONOMIC DEVELOPMENT
Work Sheet –II
DATE: 6th May 2025
CHAPTER-2 INDIAN ECONOMY (1950-90)
Q1. Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
Q2. Identify the incorrect statement from the following
(a) Import substitution was the strategy used to save foreign exchange.
(b) License Policy ensured regional equality
(c) Russian economic model was the base for the Indian economic system
(d) Small scale industries are one of the essential tools for employment generation.
Q3. In ____ second IPR was adopted in India.
a) 1976
b) 1995
c) 1948
d) 1956
Q4. In 1950 —— was set up to carefully assess the human and physical resources of the country and to
prepare the plans for the effective use of resources.
a) NITI Aayog
b) Development Taskforce
c) Planning Commission
d) Finance Ministry
Q5. Industrial concessions, offered for establishing industry in the backward regions of the country include:
(a) Tax Holiday
(b) Subsidized Power Supply
(c) Both (a) and (b)
(d) None of these
Q6. Which of the following is not true for SSI?
(a) SSI shows locational flexibility
(b) SSI is capital intensive
(c) SSI promotes equity
(d) All of the above
Q7. Read the following text carefully and answer the given questions on the basis of the same and
common understanding:
The Green Revolution in India began in the mid-1960s marking a transition from traditional agriculture in
India to high yielding varieties of seeds and the associated modern agricultural techniques. The need for the
introduction of the Green Revolution in India arose due to a shortage of food-grains in the post-independent
period. The government in post-independent India wanted to ensure self-dependence in terms of food-grain
production. Such efforts coincided with the development of high-yielding varieties of seeds of wheat
developed by Dr. Norman Borlung and his associates in Mexico. These seeds also necessitated changes in
farming techniques such as the addition of fertilizers, pesticides and better irrigation facilities. High yielding
varieties of seeds were first introduced in India in the states of Punjab, Haryana and parts of western Uttar
Pradesh. In the early period of the green revolution in India, the focus was to acclimatise the new system
with the more resource intensive agricultural methods. The argument for introducing the new crop varieties
was to increase agricultural production in terms of higher crop yields. The seeds introduced during the early
period of the green revolution in Punjab were not high yielding by themselves. These high yields were
possible due to the seeds being highly responsive to certain inputs such as irrigation water and fertilizers.
The green revolution in India, thus, necessitated a resource-intensive process 116 whereby, those who could
make significant capital investments could benefit, whereas, those others became more marginalized in
regions affected by practices of the green revolution in India. On one hand, the results derived from the
green revolution helped farmers to increase their yield and income and on the other hand, it helped the
government to procure and preserve more food grains through agencies like Food Corporation of India.
These food grain reserves were helpful in creation of buffer stocks in India, which helped in the situations of
adversities.
Justify the following statement with valid explanation: “Green Revolution made India self-sufficient in food
grains, but was criticized on ecological grounds”.
