Q.1.Explain two positive features of Indian economy?

Ans. (i) Higher rate of capital formation or investment: ® At the time of independence one of the major problem of Indian economy was deficiency in capital stock in the form of land and building machinery and equipment saving etc.

(ii) Planned economy: Indian is planned economy. It development process has been continuing through five year plan since the first plan period during 1951-56. India has already completed eleven five year plan periods and the twelfth plan is progress. Accordingly things are rectified in the next plan. Today India is a growing economy and recognised everywhere as a future economic power. India is seen as a big market for various products. All these are possible due to planning in India.

Q. 2. Explain the meaning of sustainable development?

Ans. Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development includes the protection of future economic growth and future development. It means that the current consumption cannot be financed for long by increasing economic debt and ecological imbalance which future generation will play. Sustainable development is a process of development in which economic and other policies are designed to bring about development which is economically, Socially an ecologically sustainable. The concept thus is pro-people, pro-job and pro-nature. It gives highest priority to poverty reduction, productive employment social integration and environmental regeneration.