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Questions and Answers
In a market economy, what determines which consumer goods are produced?
What determines whether more human labor or more capital is used for production in a market economy?
How are goods and services distributed in a capitalist society?
Why might low-cost housing for the poor not be produced in a market economy?
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What is the basis for distributing goods among people in a capitalist society?
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What type of economy relies on supply and demand to determine the production of goods?
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In a socialist society, who decides what goods are to be produced?
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What is the basis of distribution in a socialist society?
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What does a socialist society provide to all its citizens, unlike under capitalism?
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Which statement is true about a socialist society's view on private property?
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What type of economy involves both the government and the market in answering economic questions?
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According to the passage, who is considered to know what is good for the people in a socialist society?
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What principle is distribution under socialism supposed to be based on?
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What type of economy does Cuba have, according to the passage?
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Which economic system provides free health care to all its citizens?
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Who provides essential goods and services in a mixed economy when the market fails to do so?
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What were the specified goals of the five year plans in India?
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What does 'growth' refer to in the context of the five year plans?
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What was the role of the Planning Commission set up in 1950?
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How did the limited resources impact the choice of goals in each plan?
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Who is regarded as the architect of Indian planning?
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Where was Prasanta Chandra Mahalanobis educated?
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Which organization did Prasanta Chandra Mahalanobis establish in Calcutta?
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What was the share of the service sector in India's GDP by 1990?
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What is the GDP?
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What milestone marked the onset of globalization in India?
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What does a growing share of the service sector in the GDP indicate for a country’s development?
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What does the author compare the GDP to?
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What organization did Prasanta Chandra Mahalanobis become a Fellow of in 1945?
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What did Prasanta Chandra Mahalanobis invite distinguished economists to advise him on?
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"Modernisation: To increase the production of goods and services" refers to adopting what?
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What structural change indicates higher levels of development for a country?
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Why did the Soviet farmers pack rotten fruits along with fresh fruits in the same box?
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What was the reason for the poor performance of the agricultural sector in the Soviet Union, despite the availability of fertile land?
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What was the primary reason for India's need to import food from the United States of America?
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What was the purpose of land ceiling policy in India?
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What was the impact of abolition of intermediaries on tenants in India?
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What was a challenge faced by land ceiling legislation in India?
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What led to the success of land reforms in Kerala and West Bengal?
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What caused stagnation in agriculture during colonial rule in India?
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Why were farmers in trouble during a short monsoon season in India?
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What was the key factor that broke the stagnation in agriculture during colonial rule in India?
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Why did some states like Kerala and West Bengal have better success with land reforms compared to other states?
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What refers to the increase in food grain production from the use of high yielding variety (HYV) seeds?
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What was vital for the application of high yielding variety (HYV) seeds?
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In which phase of the green revolution did the high yielding variety (HYV) technology spread to a larger number of states and benefit more variety of crops?
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What does the portion of agricultural produce sold in the market by the farmers refer to?
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What did the green revolution enable India to achieve in terms of food grains?
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What was a risk associated with high yielding variety (HYV) crops during the green revolution?
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What steps did the government take to reduce the risk for small farmers adopting high yielding variety (HYV) technology?
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Who did the green revolution benefit besides rich farmers?
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What is a hotly debated question according to the passage?
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What was generally agreed as necessary for adoption of new high yielding variety (HYV) technology by farmers?
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What did the government provide to reduce the risk of small farmers being ruined by pest attacks on their crops?
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What would have favored rich farmers only if the state did not play an extensive role according to the passage?
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Why do some economists believe that subsidies should be phased out once technology is widely adopted?
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Why do some experts argue for the government to continue with agricultural subsidies?
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What do some economists believe is the negative impact of subsidies on resources like water and electricity?
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Why did a large proportion of the population remain engaged in agriculture in India from 1950 to 1990?
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How do prices act as signals in the market according to the text?
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What happens when electricity and water are provided at a subsidized rate or free according to some economists?
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Why is it argued that there is no case for continuing with fertiliser subsidies?
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What is the achievement mentioned in the text related to Indian agricultural productivity?
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According to some experts, what could be a consequence of eliminating subsidies for poor farmers?
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What is emphasized as a potential consequence of not allowing prices to indicate the supply of goods?
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What do some economists believe is the reason behind a large proportion of GDP still being contributed by agriculture despite a decline in its proportion?
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What do some experts believe is the potential impact of eliminating subsidies for poor farmers?
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What does modernisation refer to in the context of the passage?
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What is the significance of self-reliance in promoting economic growth and modernisation?
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What is the importance of equity in the context of economic development?
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How did the policy makers of independent India address issues in the agricultural sector after independence?
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What was the main objective of the policy of 'land to the tiller'?
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In a traditional society, what is the role expected of women?
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What did the first seven five year plans in India attempt to attain?
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What is the significance of ownership in providing incentives to cultivators?
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