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11th Standard English Medium Economics Subject Development Experiences in India Creative 2 Mark Questions with Solution Part - I updated Creative Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every Creative Questions in class 11 Economics Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

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Download Tamil Nadu 11th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 11th Standard - Economics

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What do you know about Trading houses?

Who introduced new Industrial Policy?

What are positive effects of Liberalisation?

What are the positive effects of Globalisation?

What do you know about crop insurance?

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Answers Key:

Generic 2

5 x 2 = 10

(i) The 1991 policy allowed Export houses and trading houses to import a wide range of items.
(ii) The government also permitted the setting up of trading houses with 51% foreign equity for the purpose of promoting exports.

Late Prime Minister of India Shri Narasimha Rao had announced the new Industrial Policy on July 24, 1991

(i) Increase in foreign investment
(ii) Increase in production
(iii) Technological advancement
(iv) Increase in GDP growth rate.

(i) Expansion of Market
(ii) Development of Infrastructure
(iii) Higher Living Standard
(iv) International Co-operation

(i) Agriculture in India is highly prone to risks like droughts and floods.
(ii) It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season.
(iii) For this purpose, the government introduced many agricultural schemes through the country.