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Solution and Explanation
India: Agriculture contributes 16% to GVA but employs 43% of the workforce, indicating disguised unemployment. The services sector dominates GVA (54%) with only 32% of the workforce.
China: A higher share of GVA comes from the industrial sector (41%), with a balanced workforce distribution in services and industry sectors.
Key Observation: India lags in industrialization compared to China, with a higher dependency on agriculture despite lower GVA contribution.
Top CBSE CLASS XII Economics Questions
___________ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.Read the following statements carefully:
Statement 1: India, Pakistan, and China have similar physical endowments but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.Read the following statements carefully:
Statement 1: India, Pakistan and China have similar physical endowments, but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.
Top CBSE CLASS XII Economic History Questions
Identify the sources of Human Capital Formation and choose the correct alternative to fill in the blanks.
China was able to control its rapid population growth rate owing to __________.
(Choose the correct alternative to fill in the blank):- Read the following statements carefully: Statement 1: India, Pakistan and China have similar physical endowments, but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector. - “Recently, the Government of India launched Jan-Dhan Yojana.”
In the light of the given statement, discuss briefly the objectives of this scheme. - Discuss any two benefits accruing from human capital formation.
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