NextQ172

Study the following image carefully : [Image: a central circle labelled `Green Revolution' linked to four surrounding circles — `Tractors and Threshers', `HYV Seeds', `Financial Assistance', and one blank circle.] Identify, which of the following factors is an essential requirement for the implementation of Green Revolution. (Choose the correct alternative)

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Question 171

(i) ``The Industrial Policy Resolution 1956, gave primacy to the government, making it responsible for the industrial development.'' Briefly outline the classification of industries into various categories. (ii) ``Economic reforms of 1991 failed miserably on the agricultural front.'' Justify the given statement, giving valid reasons in support of your answer. (i) "Subsidies in the agriculture sector have been a debated question for long." Validate the argument that subsidies should be gradually phased out in the agriculture sector. (ii) Define `liberalisation'. State any two liberalisation reforms introduced in the fiscal sector.

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