Question

7. State the two-fold motive behind the de Industrialisation by the colonial government in India?
8. Explain how import substitution can protect domestic industry. Why did the policy makers adopt such policy
protection?
OR
Why was public sector given a leading role in industrial development during the planning period
9. A) Explain the effects of depreciation of domestic currency on exports
B) Explain various components of current account of balance of payment​

Answer 1

Answer:

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Explanation:

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Why was public sector given a leading role in industrial development during the planning period? Answer: ... Thus, the government played the leading role to provide the basic framework of heavy industries and infrastructure through public sector to facilitate the private sector.

9. A) The exchange rate has an effect on the trade surplus (or deficit), which in turn affects the exchange rate, and so on. In general, however, a weaker domestic currency stimulates exports and makes imports more expensive. Conversely, a strong domestic currency hampers exports and makes imports cheaper.

B) The current account on the balance of payments measures the inflow and outflow of goods, services, investment incomes and transfer payments. The main components of the current account are: ... Investment incomes, e.g. dividends, interest and migrants remittances from abroad. Net transfers – e.g. International aid.