DELHI PUBLIC SCHOOL, NACHARAM

CLASS: XII

WORKSHEET

SUBJECT: ECONOMICS

TOPIC: INDIAN ECONOMY (1950-1990) Date of Submission: 31-07-2023

Q. 1 “Though public sector is very essential for industries, many public sector undertakings incur
huge losses and are a drain on the economy’s resources.”
Discuss the usefulness of public sector undertakings in the light of this fact.
Q. 2 "In order to protect domestic industries, India followed the regime of restrictions on
imports."
Briefly outline and discuss such steps taken by the government to promote import
substitution policy.
Q. 3 Justify the following statement with a valid explanation:
‘Green revolution enabled the government to procure sufficient food grains to build its stocks
that could be used during the time of shortage’.
Q. 4 Why and how was the private sector regulated under the IPR 1956?
Q. 5 Read the passage given below and answer the questions that are followed. In the early
1980s, textile mills all over the country began to close down. In some places, such as
Mumbai, the mills closed rapidly. In Ahmedabad, the process of closure was long drawn
out and spread over 10 years. Over this period, approximately over 80,000 permanent
workers and over 50,000 nonpermanent workers lost their jobs and were driven to the
informal sector. The city experienced an economic recession and public disturbances,
especially communal riots. A whole class of workers was thrown back from the middle
class into the informal sector, into poverty. There was widespread alcoholism and
suicides, and children were withdrawn from school and sent to work.
(Source: NCERT)

How did the primary goals listed in the five-year plans aim to deal with the given crisis?