Question

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TERMINAL EXERCISE
Short Answer Type Questions
1. Give one positive and two negative features of Indian Economy
2. Give two reasons for low productivity in agriculture in India
3. What is main cause of increase in population in India?
4. Why is India called planned economy?
5. Define poverty line in rural area.​

Answer 1

Answer:

(1) positive economy of india - free market economy. Negative economy low per capita income high rate of population growth

Explanation:

(2)(i) population pressure .(ii) uneconomic holdings. (3) High growth rate . (4) because it is a developing country and hence the investment of the capital good is done according to the production plans and the economy-wide economics. (5) Since people living in rural areas engage themselves in more physical work, calorie requirements in rural areas are considered to be higher than urban areas. ... In this way in the year 2000, a family of five members living in rural areas and earning less than about Rs 1,640 per month will be below the poverty line.