Indian Economic Development

Development Experience (1947-90)

Medium

Choose the incorrect statement about subsidies given below :

(A) Subsidies are economic benefits granted by Government.

(B) Subsidies help in increasing production.

(C) Subsidies are burden on Government budget.

(D) Subsidies are Capital expenditure.

(E) Subsidies were needed to encourage formers to test the new technology.

Choose the correct answer from the options given below :

(B) and (C)

(B) and (C) only

(A) and (E) only

✅ Correct Option: 2

(D) is clearly incorrect because subsidies are revenue expenditure, not capital expenditure, as they do not create assets or reduce liabilities. (C) is also criticised in NCERT, which argues subsidies are not necessarily a burden if they help achieve equity and production goals. Hence (C) and (D) only are incorrect.

2026: 6 June Shift 1

Which of the following are parts of the Green Revolution?

(A) High Yield Variety (HYV) seeds

(B) Self-sufficiency in food grains

(D) Fertilizers and pesticides

Choose the correct answer from the options given below:

2022: 30 Aug Shift 2

Which of the following is not an impact of the Green Revolution ?

2022: 15 July Shift 2

The objective of Karve committee was rural development with a focus on

2023: 28 May Shift 2

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy ?

2023: 1 June Shift 1

The notable estimators - Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai during the colonial period estimated.

2023: 11 June Shift 3

Arrange the following events on the basis of their occurrence in India during British rule :

(A) Establishment of Tata Airlines

(B) Shift to second stage of demographic transition

(D) Incorporation of TISCO

(E) Opening of Suez canal

Choose the correct answer from the options given below :

Solution

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