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 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…