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Q 1. (b) The various objectives of economic planning in India are drawn keeping in view its socio-economic problems. List out these objectives to be achieved during various planning periods of economic planning.
Answer - The objectives of economic planning in India include:-
1. Promoting economic growth,
2. Reducing poverty,
3. Ensuring equitable distribution of resources,
4. Increasing employment opportunities,
5. Achieving self-sufficiency in key commodities, and
6. Maintaining economic stability
These goals have evolved over various planning periods, focusing on addressing socio-economic challenges and improving the overall standard of living for the population.
Q 2. (a) Distinguish between primary data and secondary data for statistical investigation.
Q3. (a) Inequality in income distribution and regional inequality creates obstacles in the way of Indian economic development. Explain in detail.
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Q4. (a) Prepare pie diagram of given expenditure of a family on various items;
Q 5. (a) “The study of macroeconomics variables is essential for the formulation of policy and the economic development of a country.” Justify the statement with suitable
Q 6. (b) Prepare a project on the Profit maximization condition and process of
FIRM – X based on the following headings –
• Introduction
• Objectives
• Concept of TR and TC approach
• Presentation of Schedule
• Graphical Presentation
• Interpretation
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