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Economics · 2024 · 3 marks
CBSE 2024 · Region 3 · Set 2 · Q29
(a) Discuss any two salient features of Indian industrial sector during the period of 1950 – 1990.
(a)
Discuss any two salient features of Indian industrial sector during the period of $\displaystyle 1950$ – 1990.
OR
(b)
Describe any two purposes for the founding of World Trade Organisation (WTO) in 1995.
Marking-scheme solution
Two salient features of Indian Industrial Sector during the period of $\displaystyle 1950$-$\displaystyle 1990$ are:
Public sector was assigned a predominant role in the process of industrial development of the economy.
Small scale industries were promoted with an objective to generate employment opportunities in the economy.
World Trade Organisation (WTO) was founded in $\displaystyle 1995$ to:
administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes.
establish a rule-based trading regime in which nations cannot place arbitrary restrictions on trade.
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CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.