Non-Alignment meaning role in International Relation notes Q.3. Discuss the meaning of motives “Non-alignment’. Write its and merits Non-alignment Ans.-The term non-alignment denote different meaning to different people. Western scholars like Hans J. Morgenthau, George Liska, and Lawrence W. Marton, and others have preferred them “neutralism’ to ‘non-alignment. George Schwarzenberger refers to a number of…
International Economic Order pdf INTERNATIONAL ECONOMIC ORDER Q. 1. Discuss in detail the Present International Economic order. Ans. Present International Economic Order The present International Economic Order evolved during the Second World War and the years thereafter. This order was quite different from the economic order found in the nineteenth or early twentieth century. These…
Economics notes on Savings and Economic Growth explanation Q.7. “While India has achieved a high rate of saving and investment, the basic constraint as in realizing the growth potential remains.” Do you agree? Give reasons for your answer. Ans. High Saving and Investment Ratios and Low Economic Growth-a Paradox. Nature of the Paradox: From a…
Economics notes on capital formation Q.6. Elaborate on the following (a) Capital Formation in India. (b) Role of Financial Sector in Economic Development of the Country. (c) Meaning and process of Credit Creation. (d) Role of Commercial Banks in India’s Economic Development. Ans. (a)Capital formation signifies addition to the reproducible Wealth of a country, and…
Economics notes for Ba llb Q. 5. Give arguments in favour of and against Small Scale Industries. Also, examine the shortcomings from which the SSI sector suggests. Ans. Arguments in Favours of SSIs IPR 1956 established the rationale of SSIs in terms of the following arguments : (1) Employment Argument: The most important argument in…
Economics notes in pdf Q.4. Explain the meaning and scope of Small Scale Industries. Differentiate between cottage, medium and large industry. Ans. The ‘small sector’, as the name implies, consists of small-scale industries. Following Dhar and Lydall, we can divide the small-scale industries into the following three categories, viz., (a) cottage industries, (b) agro-based industries,…
Economics notes pdf Q.3. Write an essay on ‘Private sector’ and ‘Joint Sector’ in India. Ans. In the economy of India private sector plays a complementary role to the public sector. The Industrial Policy Resolution, 1956, set the mood and tone for the future. While reserving the key and basic industries for the public sector…
Law and Economics Lecture notes Q. 2. Discuss the effect of the New Industrial Policy, 1991 on the Public Sector. Give suggestions for improving the performance of public enterprises in India. Ans. The New Industrial Policy, 1994 favours distancing’ publicly enterprises from Governments and, mimicking competitive markets. It suggests that unless it is necessary for…
Law and economics notes pdf Q. 6. What are labour intensive techniques? Give arguments in favour of and against labour-intensive techniques. Ans. Labour-intensive techniques may be known as capital saving and labour-intensive techniques which are adopted in underdeveloped and developing countries. The labour-intensive technique is one that uses a larger amount of labour and a…
Economics notes for law students Q. 1. Explain the meaning of public enterprise/public sector. Also examine the role and contribution of the public sector in the India Economy. Ans. The term ‘public enterprise’ or ‘public sector’ covers all undertakings which are directed either by a branch of Government itself or by a body set up…