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8/7/2019 Ise Objectives

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FYBBA(ITM)

Indian Society and Economy

QUESTION BANK

UNIT 1 Socio-Economic Profile of Indian Society

1. Hinduism is the religion of indic origin. (indic, Semitic)2. Personal laws referred to the system of religious rules, customs & practices for different religious books. ( personnel,

religious, secular)

3. The 3 central tenets of Hindus are Dharma, Karma & Moksha.4. According to the Ashram institution the 4 parts of human life are organised in the order of Brahmacharya, Grishastha,

Vanaprastha & Sanyasa.

5. Islam first came to India in late 7th century A.D.6. In Islam Quran is the verbatim revelation of God.7. Islamic laws follow the shariyat.8. India has 3rd biggest Muslim population in the world today.9. Muslims are divided into Sunni & Shiya name sects.10. According to Islam Prophet Mohammad is perfect creation of god.

11.God revealed Quranic words to Prophet Mohammad through angel Gabriel.

12. Haj is the supreme pilgrimage of Muslim.

13. Christanity is Indias 3rd largest religion.

14. Catholics formed the largest group among the Christians.( protestants, cathelics, orthodox)

15. The 1st tirthankar of Jain was Rishabdev.

16. The 24th tirthankar of Jain was Mahavir

17. There were 24 people tirthankar in Jainism.

18. The word is derived Jain is derived from JIN, which means conqueror. (supreme,conquer,truth,non-violence).

19. The 2 sects under Jainism are Digambar & Swetamber.

20.The 4 important forms of Buddhism are Theravad, Mahayan, Vajrayan, & Zen.

21. The 3 jewels of Buddhism are Buddha, Dhamma and Sangha.

22.In Buddhism the book of discipline is Vinay Pitak.

23.In Budhhism the books of doctorate is Abhidhamma Pitak.

24.In Budhhism the books of sermons is Sutta Pitak.

25.The term Sikh has originated from sankrit word is Shishya.

26.The holy books of Sikhs is Guru grantha sahib.

27. Sikhs are primarily divided into Khalsa ans Sanatani Sikhs.

28.Sanatani Sikhs were followers ofGuru Nanak.

29.Khalsa Sikhs were followers of Guru Gobind Singh


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30.Parsi migrated to india from iran in 10th century.

31.There are 179 languages & 544 dialects recognised in india.

32. The 3 linguistic family are Indo-aryan, Mundri, Dravidian.

33.In the past independence period, English replaced Urdu as the the official & port languages in india.

34. If parents live with their mature children & their spouses it is known as joint family.

35. Amatrilineal family is constituted by children who are known by name of mother.

36. Torah is sacred religious text of jews.

37. The temple of jews is known as Synagogue.

38. When 2 generation of family members live together functionally & substantially it is known as Marginal Joint family.

39. When 2 families having blood relationship are living together separately but functioning under 1 common authority it is k nownas functional joint family.

40. As per NSSO repot 1999-2000, 26% of population lie below poverty line.

41. The state ofOrissa has the highest % of poverty.

42.. When employed people are contributing less then they are capable of it is known as underemployment.

43. Due to improve methods of population & introduction of new technology there is technological employment.

44. IAY is a major scheme of constitution of houses of BPN.

45.SGSY was a programme launched on April 1,1999 to provide self employment.

46. NREGA was a wage employment programme launched on Feb 26 by submerging SGRY & ENFFWP.

47. A group insurance scheme launched in 2007 & covers all BPN in age group 18 -60 years is Janashree bima yojana.

48. UP is the state with highest population in India.

49.324 sq.km is density of population in India as per 2001 census.

50. Almost 17% of worlds population resides in India.

51.Literacy rate in india is 65%.

52.Goa is the state where literacy level is above 75%..

53 The growth rate of population in India is 1.93% .

54.The maximum % of population in india is lies in 15-60 years.

55. Life expectancy in India is 63.8 years.

56. The gender ratio in India is 933 females per 1000 males.

Long Questions:

1. Give the demographic Composition ofIndia with its implication.(10 marks)2. Discuss the impact of population growth on economic development (10 marks)3. Explain the causes of poverty and unemployment? (10marks)4. What are the Government measures to alleviate poverty and unemployment?(10 marks)5. What are the types of unemployment? (5 marks)6. Explain the religious diversity in India. (10 marks)7. Write a brief note on the languages in India. (5 marks)8. Write a note on the traditions in India. (5 marks)


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UNIT 2 Introduction to Various Sectors in India

1) Mining is a part ofprimary sector. ( primary, secondary, tertiary)2) Electricity generation, gas & water supply is a part of secondary sector. (primary, secondary, tertiary)3) The contribution of secondary sector to NI is 26.3%.4) When a country is in state of underdevelopment, secondary sector makes the maximum contribution to national income. ( FALSE )

[ primary sector]

5) 54% of population in India is engaged in agricultural.6) Agricultural sector has a low capital output ratio. ( high, low)7) The growth rate of agricultural production in 2010-11 was 5.4%. (4.5%,5.4%).8) Due too the adoption of HYV programme the yield of wheat crop has increased the most.9) In 2003-04, 44% of the the gross crop area was covered by HYV programme. ( 80 million hectare).10) Above 60% of sown area is rainfed(proper rainfall) .11) Only 40% of gross cropped area has irrigation facilities.

12) The percentage of money lenders to agricultural finance at present is 17%.13) At present industry engages 18% of the labour force ofIndia.14) Manufactured goods contribute around 72% of export earnings ofIndia.15) The annual average growth rate of industry production over the planning period has been 6.4% per annum.16) Rubbers & platic are examples ofintermediate goods. (basic goods, intermediate goods)17) Minerals, fertilizers are examples of basic goods.

18) According to MSME Development Act,2006, manufacturing units with investment between Rs. 25 Lakhs to Rs.5 crore aresmall enterprise.( micro,small,medium)

18) Small scale sector produces about 39% of grossvalue of output in the manufacturing sector.

19) The no. of registered & unregistered small scale units in 2005 -06 where 123.42 lakhs.20) Small scale & cottage industries have high output capital ratio & employment capital ratio.21) The problems of industrial sector are due to infrastructure & Govt. Policy.22) The causes of sickess of small scale industry are identified as financial mismanagement & demand recession.23) In the list of export of commercial services indias rate is 11.24) The average growth of service sector during 10 th plan turns out to be 9% per annum.25) Service sector growth must be supported by proportionate growth of industrial sector otherwise, service sector growth will not be

sustainable. ( TRUE )

26) An example of communication service is telecommunication, post & courier.27) An example of financial services in Banking & insurance.28) India has a great potential in the tourism sector to improve the growth of services of India.


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Long Question

1. Explain the importance of primary/ secondary/tertiary sector ? (10 marks)

2. Discuss the growth & problems of primary/secondary/tertiary ? (10 marks)

3. Make a comparative study of the growth in the 3 sectors in the planning period. (10 marks)

Unit-3 International Trade in India

1. The share of agricultural & allied products in exports was 10% in 2006-07.2. The share of manufacturer goods in exports was 68.6% in 2006-07.3. The principle exports from india are tea & coffee & iron ore.4. As an individual country US has the highest share of import & export with India.5. The European union as a group accounts for19% of imports.6. In recent years, Indias export to Asia & Oceania market have shown a great jump.7. Africa contributed to 6% ofIndias export & 6.4% ofIndia import.8. Among the trading partners the highest share of imports & exports are with OECD.

9. Kindleberger defined BOP as a systematic record ................ in given period of time."10. The 2 set of accounts in the BOP statement are current & capital.

11. The root cause of development disequilibrium in BOP in import of capital & technology.

12. In cyclical disequilibrium prosperity leads to BOP deficit.

13. BOP disequilibrium due to infrastructural upgradation in the economy in known as structural disequilibrium.

14. Devaluation is deliberate measure to correct disequilibrium. (automatic, deliberate, frequent)

15. Reduction of official rate at which currency is exchanged for another currency in known as devaluation.

16. In case of deficit in BOP, RBI should follow a contractionary policy. (contractionary, expansion)

17. Devaluation makes export goods cheaper & import goods dearer.

Long Questions:-

1. Composition & direction trade. ( 10 marks )2. Trends in exports / imports ( 5 marks )3. Trends in BOP disequilibrium ( 5 marks)4. Causes of disequilibrium in BOP & remidies of BOP (10 marks)

Unit 4 New Economic Policy

1. The new economic policy was necessitated due to extremely low foreign exchange reserve of Rs. 2400 crore in 1991.2. The national debt of 1991 was 60 % of GNP.3. Inflation in India in 1991 was 17%.4. Structural Adjustment Programme of 1991 was designed with the assistance ofIMF and World Bank.


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5. The New Economic Policy prevented external default and increased Indias foreign exchange assets.6. In the period 1992-2008, the Indian economy was able to register an average rate of growth of more than 5.7% per year.7. The main target of NEP was to reduce government deficit to 6.5%.8. The main target of NEP was reduction of current account deficit in BOP to 2.7% of GDP in 1991-92.9. __Liberalisation__is an essential prerequisite of privatisation.10. _Divesture is a form of privatisation.11. Of the many forms of privatisation __divesture_through equity sale is the most significant.12. Disinvestment means disposal of public sector units equity in the market.13. Globalisation means integrating the domestic economy with the world economy.14. In the Indian context, globalisation implies opening up of the economy to FDI15. Globalisation of UDC will reduce the capital output ratio and raise the labour productivity.16. The globalisation process is a redistribution of economic power at the world level.17. Due to globalistaion, the share ofIndias exports in the world improved to 1% in 2005.18. The foreign exchange reserve in India at present (2010-2011) is approximately U.S $ 300 billion.19. FDIs in 2005-06 was at U.S $ 4700 million.20. Globalised economies tend to perform well during a period of high growth in the world economy.21. Globalised economies are prone to severe dislocation and collapse during a downturn in international economic activity.

Long Questions

1. Explain the New Economic Policy, 1991.2. What is privatisation? Give arguments in favour and against globalisation.3.

What is disinvestment? What are the methods of disinvestment?4. What is globalisation? Give views in favour and against globalisation.

5. What is the impact of globalisation on Indian economy?

Note: The Question Bankhas been prepared by Dr. Shuvasri Das and is not exhaustive. Students are requested to study all thetopics prescribed in the syllabus and discussed in the class.

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