Class 12 Economics Important Chapter 9 Introduction

Class 12 Economics Important Chapter 9 Introduction Solutions English Medium As Per The New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters ASSEB Class 12 Economics Important Solutions in English and select need one. AHSEC Class 12 Economics Additional Notes Download PDF. HS 2nd Year Economics Additional Solutions.

Class 12 Economics Important Chapter 9 Introduction

Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. ASSEB Class 12 Economics Additional Question Answer are part of All Subject Solutions. Here we have given HS 2nd Year Economics Important Solutions English Medium for All Chapters, You can practice these here.

Introduction

Chapter: 9

PART – B: INDIAN ECONOMIC DEVELOPMENT

IMPORTANT QUESTION AND ANSWER

Short Questions answers:

1. What is an economy?

Ans: A system where production and distribution of goods/services occur and employment/livelihood are generated.

2. Name the three sectors of an economy.

Ans: Primary, Secondary, and Tertiary (Service) sectors.

3. What was the dominant sector in 1947 by national income share?

Ans: Primary sector (about 58.7%).

4. What was India’s status as an economy under British rule?

Ans: A colonial “feeder” economy serving Britain’s industrial needs.

5. Who is called the father of National Income in India?

Ans: Dadabhai Naoroji.

6. In which year did Dadabhai Naoroji give the first NI estimate?

Ans: 1867–68.

7. Whose estimate is considered the first scientific NI estimate?

Ans: V.K.R.V. Rao (for 1931–32).

8. What is meant by de-industrialisation?

Ans: The decline of domestic industrial activity (esp. handicrafts) due to colonial policies.

9. Which canal’s opening reduced UK–India sea distance and costs?

Ans: The Suez Canal (1869).

10. When did railways start in India?

Ans: 1853 (first train).

11. What is meant by “home charges”?

Ans: Payments to Britain for administration, army, interest/dividends, etc., financed by India’s export surplus.

12. Which system created landlord–tenant exploitation in agriculture?

Ans: Zamindari (Permanent Settlement, 1793).

13. What was the “Year of Great Divide” in Indian demography?

Ans: 1921.

14. What was the literacy rate around Independence?

Ans: About 16% overall (female ~7%).

15. What was the workforce share in agriculture circa 1951?

Ans: Roughly 70–75%.