Free Nios Economics (318) Solved Tutor Mark Assignment (TMA) 2024-25
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Economics
(318)
1. Answer any one of the following questions in about 40 to 60
words.
Q.
(a) ‘Industrial Policy
Resolution, 1956 has been proved as a boon for industrial development of Indian
economy’ comment on the statement.
Ans. The Industrial Policy Resolution of 1956
was crucial for India's industrial development. It emphasized public sector
dominance in strategic industries like defense and railways, while allowing the
private sector to operate in non-strategic areas, fostering a mixed economy.
The policy aimed at reducing regional disparities and promoting balanced growth
by encouraging industries in underdeveloped regions. It also focused on heavy
industries and infrastructure, aiding technological advancement. Although it
led to industrial growth, excessive state control created inefficiencies,
prompting later economic reforms. Nonetheless, the 1956 policy laid the
foundation for India’s industrial expansion.
2. Answer any one of the following questions in about 40 to 60
words.
Q. (a) Distinguish between primary data and secondary
data for statistical investigation.
Ans. Primary data refers to
information collected first hand by the researcher directly from original
sources for a specific purpose. It is raw, unprocessed, and obtained through
methods like surveys, interviews, and experiments.
Secondary data, on the
other hand, is data that has already been collected, processed, and published
by others for purposes other than the current research. It is obtained from
sources such as books, reports, government records, and online databases.
In short, primary data
is original and specific to the researcher's needs, while secondary data is
pre-existing and used for reference or analysis.
3. Answer any one of the following questions in about 40 to 60
words.
Q.
(a) Inequality in
income distribution and regional inequality creates obstacles in the way of
Indian economic development. Explain in detail.
Ans. Income
and regional inequality hinder India’s economic development. Wealth is
concentrated among the top 10%, leaving the lower-income population with
limited access to education, healthcare, and opportunities, reducing overall
productivity. Regional disparities also persist, with industrialized states
like Maharashtra and Gujarat thriving, while Bihar and Uttar Pradesh lag behind
in infrastructure and investment. This imbalance leads to social unrest,
migration, and inefficient resource allocation. Additionally, inequality limits
consumer demand and participation in the economy, forcing the government to
focus on welfare over long-term development. Reducing these inequalities is
crucial for sustained and inclusive economic growth.
4. Answer any one of the following questions in about 100 to 150 words.
Q. (b) “Various stages of statistical enquiry applied
to complete research work based on statistical data.” Elaborate the statement.
Ans. The stages of
statistical enquiry are crucial for conducting research work based on
statistical data. Here's how they apply:
1.
Collection of Data: It is the foundation of any research. Primary data is collected
through surveys, observations, or experiments, while secondary data is gathered
from published sources.
2.
Organization of Data: Data is organized by classifying it into different categories to
facilitate comparison and analysis.
3.
Presentation of Data: Data is then presented in textual, tabular, or graphical forms for
clarity and ease of understanding.
4.
Analysis of Data: Statistical tools like mean, median, or mode are applied to derive
meaningful insights from the data.
5.
Interpretation of Data: Finally, the data is interpreted to draw conclusions and formulate
policies. Accurate interpretation is essential for informed decision-making.
This structured process ensures accurate, insightful, and
actionable research outcomes.
5. Answer any one of the following questions in about 100 to 150
words.
Q.
(a) “The
study of macroeconomics variables is essential for the formulation of policy
and the economic development of a country.” Justify the statement with suitable
illustrations.
Ans. The
statement emphasizes the importance of studying macroeconomic variables in
shaping effective policies and promoting economic development. Here’s a
justification with illustrations:
1.
Economic Growth: Understanding variables like GDP (Gross Domestic Product) helps
policymakers gauge economic performance. For example, if GDP growth is sluggish,
governments may implement stimulus packages to boost demand and investment.
2.
Inflation Control: Monitoring inflation rates is crucial. For instance, high
inflation can erode purchasing power, leading to policies that adjust interest
rates. The Federal Reserve often raises rates to combat inflation, aiming to
stabilize prices.
3.
Unemployment Rates: High unemployment can indicate economic distress. Analyzing this
variable enables governments to create job programs or tax incentives for
businesses to encourage hiring. Countries like Germany have successfully
reduced unemployment through targeted labor policies.
4.
Balance of Payments: Studying exports and imports helps maintain economic stability.
For example, countries facing trade deficits may implement tariffs to protect
domestic industries, promoting local production and job creation.
5.
Fiscal and Monetary
Policies: Macroeconomic variables guide
decisions on taxation and government spending. For example, during a recession,
increasing public spending can stimulate economic activity, as seen in the U.S.
during the 2008 financial crisis.
In conclusion, analyzing macroeconomic variables is vital
for formulating policies that foster economic stability, growth, and
development.
6. Prepare any one project out of the following.
(a)
Prepare a project on
Poverty Alleviation and Unemployment Programmes in India under the following
headings
·
Design
of the cover – page
·
Acknowledgement
·
Introduction
·
Objectives
Various 5 Programmes after period of the year 2000 onwards with its objectives,
targets and achievements Conclusion
Ans.
Project Work
Poverty Alleviation and Unemployment Programmes in India
Cover Page Design
- Title:
Poverty Alleviation and Unemployment Programmes in India
- Subtitle: A Study of Initiatives Post-2000
- Your Name: Soina Sharma
- Class/Standard: 12th Standard
- School Name: National School of Open Learning
- Date:
25-09-2024
Acknowledgement
I would like to express my
sincere gratitude to everyone who contributed to the completion of this
project. Special thanks to my teachers for their guidance and support, my
family for their encouragement, and my classmates for their collaboration and
insights.
Introduction
Poverty and unemployment are
significant challenges facing India, affecting millions of people. Since the
year 2000, the Indian government has implemented various programs aimed at
alleviating poverty and reducing unemployment. These initiatives focus on
providing financial assistance, creating job opportunities, and enhancing skill
development among the marginalized sections of society.
Objectives
- To analyze the impact of various poverty
alleviation and unemployment programs in India.
- To understand the objectives and achievements
of these programs.
- To assess the effectiveness of these
initiatives in improving the living standards of the underprivileged.
Various Programs Post-2000
- Mahatma Gandhi National Rural Employment
Guarantee Act (MGNREGA)
- Objectives: To provide at least 100 days of guaranteed wage employment in a
financial year to every rural household.
- Targets: Aimed at enhancing livelihood security in rural areas.
- Achievements: As of 2021, it has provided employment to
over 11 crore households and has been instrumental in reducing rural
poverty.
- National Rural Livelihood Mission (NRLM)
- Objectives: To promote self-employment and organization of rural poor into
self-help groups (SHGs).
- Targets: Targeting 8-10 crore rural households by 2024.
- Achievements: Over 7 crore households have been mobilized
into SHGs, leading to improved income levels.
- Pradhan Mantri Awas Yojana (PMAY)
- Objectives: To provide affordable housing to the urban poor and improve their
living conditions.
- Targets: Targeting the construction of 1.12 crore houses by 2022.
- Achievements: As of 2021, over 1 crore houses have been
sanctioned, significantly improving shelter conditions.
- Deendayal Antyodaya Yojana - National Rural
Livelihoods Mission (DAY-NRLM)
- Objectives: To reduce poverty by promoting self-employment and organization of
rural poor into SHGs.
- Targets: To bring 5 crore rural households above the poverty line by 2024.
- Achievements: It has successfully organized millions of
women into SHGs, increasing their income through various livelihoods.
- Skill India Mission
- Objectives: To train over 400 million people in different skills by 2022.
- Targets: Enhance the employability of youth in the country.
- Achievements: Thousands of training centers have been
established, with millions trained, leading to improved employment
opportunities.
Conclusion
The various poverty
alleviation and unemployment programs initiated by the Indian government since
2000 have made significant strides in addressing the issues of poverty and
unemployment. By focusing on employment generation, skill development, and
financial inclusion, these programs aim to empower the marginalized sections of
society. Continuous monitoring and enhancement of these initiatives are
essential to ensure sustainable economic growth and improved living standards
for all citizens.
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