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Wednesday, March 12, 2014

Structure of the Indian Economy

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Friends, here is the second lesson of our Economy study materials series for upcoming SSC CGL exam 2014 (you can read Lesson 1 : Characteristics of Indian Economy from here). In this lesson we shall learn about the structure of Indian Economy. Happy Reading :)
  • Indian Economy :
    • 10th Largest in the world (by nominal GDP)
    • 3rd Largest in the world (by PPP)
  • Indian Economy consists of 3 important aspects :
    1. Agricultural
    2. Industry 
    3. Services
  • RBI :  Central bank and monetary authority
  • RBI was established in private sector : 1935
  • RBI was established in public sector : 1949
  • Telecommunication policy : 1994
  • Governor of RBI : Raghuram Govinda Rajan
  • Occupational Structure : The distribution of working population among "different occupations" or "productive activities" 
  • There are 3 types of occupations (or sectors)
    • Primary Occupation - Agriculture, Plantations, Mining etc
    • Secondary Occupation - Industries, Construction activities
    • Tertiary (service) occupation - Banking, Hotels, Computers, Communications
  • The share of Agriculture in National income
    • UK - 2%
    • USA - 3%
    • Canada - 4 %
    • Australia - 5 %
  • Working population engaged in Agriculture 
    • France - 14 %
    • Japan - 13 %
    • USA - 4 %
    • UK - 2 %
    • UAR  - 64 %
    • Pakisthan - 74 %
    • India - 63 %
  • The productivity per acre in small farms is greater than the large farms because of intensive cultivation. 
  • Agriculture Production per hectare 
    • Rice :
      • India - 17.5 quintals
      • China - 55.1 quintals
      • North Korea - 75 quintals
    • Wheat :
      • India - 22.7 quintals
      • China - 31.2 quintals
      • Ireland - 74.5 quintals
  • HYV - Highest Yielding Varieties
  • The Industrial structure can be classified as 
    • Type of ownership
    • Size of Investment
    • Type of Output
  • Structure of Industry by type of ownership
    • The public sector
    • The private sector
    • the foreign sector
  • Structure of ownership by size of investment
    • The Large scale sector - Rs. 1 crore 50 lakhs above
    • The Small scale sector - Rs. 25 lakhs to 1 crore 50 lahks
    • The Tiny scale sector - Rs. 25 lakhs below
  • Structure of Industry by type of Output
    • Basic Goods Industries - Provide essential inputs
      • Ex : Chemicals, Cement, Aluminium, Iron and Steel, Fertilizers etc
    • Capital Goods Industries - Produce machinery and equipment
      • Ex : Machine tools, engineering goods
    • Intermediate goods industries - Produced in the process of other goods
      • Ex : Tyre Industry, Plastics, Oils etc
    • Consumer Goods Industries : 
      • Ex :T.V, Watch, Cosmetics etc.
Synopsis :
  • Occupational Structure :
    • Primary Sector : Agriculture, Cattle rearing, Poultry, Fishing, Forestry, Mining
    • Secondary Sector : Capital Goods like machinery, Machine Tools, Consumption, Goods and Building Activities etc
    • Tertiary Sector : Banking, Commerce, Communications, Computers etc
  • Structure of Industry :
    1. Type of Ownership :
      • Public Sector
      • Private Sector
      • Foreign Sector
    2. Size of Investment
      • Large Scale Sector (more than 1 crore 50 lakhs of rupees)
      • Small Scale Sector (25to 1 crore 50 lakhs of rupees)
      • Tiny Scale Sector (below 25 lakhs of Rupees)
    3. Type of Output :
      • Basic Industrties
      • Capital Goods Industries
      • Intermediate Goods Industries
      • Consumer Goods Industries
Read remaining lessons of SSC CGL 2014 from here

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29 comments:

  1. mam please upload quick reference guide pdf for SSC CGL . Please :)

    ReplyDelete
    Replies
    1. You will get Quick Reference Guide 20 days before the exam friend

      Delete
    2. Thanks a lot mam :)

      Delete
    3. thanks a lottt :)

      Delete
  2. Nice post. Please tell me the full forms of GDP, PPP and UAR if possible. Thanks in advance.

    ReplyDelete
    Replies
    1. GDP - Gross Domestic Product
      PPP - Purchasing Power Parity
      UAR - United Arab Republic

      Delete
  3. nice post..thanks a lot ma'am

    ReplyDelete
  4. mam any news about the date 0f CGLE 2014 ?

    ReplyDelete
    Replies
    1. No news. You better prepare as the exam is in April. The remaining days will be grace period :)

      Delete
  5. ma'am please tell me when sbi clerk and sbi associate po recruitment notification is going to be out??

    ReplyDelete
  6. BHARGAVI...
    SIR I APPLIED FOR POSTAL EXAM AND PAID CHALLAN ,I SUCCESSFULLY UPLOADED MY PHOTO AND SIGNATURE ,BUT WHEN I AM PRINTING REGISTRATION SLIP MY PHOTO AND SIGNATURE ARE NOT PRESENTED SIR WHAT SHOULD I DO SIR? PLZ HELP...

    ReplyDelete
    Replies
    1. send your difficulties regarding application to helpdesk.dopexam@gmail.com.

      Delete
    2. ya i send my problemm to helpdesk.dopexam@gmail.com but no reply is given

      Delete
  7. You could make it brief by erasing some unnecessary info..

    ReplyDelete
  8. Any one know when chsl 2013 result will come

    ReplyDelete
  9. Any news about ssc cgl exam postponed date..please tell me mam

    ReplyDelete
  10. plz upload current affairs of march2014

    ReplyDelete
  11. Hi mam..

    In BARC Exam Gate Score is Necessary or Not..Please Reply Me..

    ReplyDelete
  12. when ll the south indian bank announce final results for pro clerk....

    ReplyDelete
  13. Is Thailand the country yields highest rice production in the world?...

    ReplyDelete
  14. Is Thailand yields the highest rice productions in the world?..

    ReplyDelete
  15. Plz send me practice paper of english for ssc-cgl

    ReplyDelete

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