Paper V : Economic and Social Development

Main Examination

Economic and social Development
Meaning of Economic and Social Development. Human Development Index (HDI)and Human Poverty Index (HPI).
Characteristics of Indian Economy : Before and After Independence.
Census of India : Economic and Social features.
Population growth and economic development. Issues related to Role of women in Economic and Social Development in India.
Impact of globalization on Indian society

Poverty and Development. Poverty-line and Programmes for eradication of Poverty in India.
Schemes for Rural and Social Development – Welfare and Developmental Programmes including Self Help Groups (SHGs), MNREGA and community power structure.
Sustainable development and Inclusive growth.
National Income – Measurement and composition.
Regional imbalances and income inequalities in India : Steps taken by the Government to reduce it.
Indian Agriculture and Industry
Role of agriculture in Indian economic development-interrelationship between agriculture, industry and service sectors.
Problems of Agriculture : Land Reform, Soil fertility, Credit Supply- Bank for Agricultural and Rural Development (NABARD),
National Farm Subsidies and Minimum Support prices etc.
Public distribution system : Objectives, functioning and Issue of Food Security.
Industrial Growth and Structure – Public, Private and Joint Sectors,
Industrial sickness. Importance of Micro, Small and Medium Enterprises (MSMEs), PPP Model of Economic Development.
Role of foreign capital and Multi National Corporations (MNCs) in industrial development.
New Economic Policy (NEP) – Its Impact on Agriculture, Industry and Foreign Trade.
Planning and Foreign Trade
Indian planning since 1951: Objective and Achievements.
Market driven and planned economy : A Comparative view.
India’s Foreign Trade – Volume, Composition and Direction.
Exports Promotion and Imports Substitution.
Balance of payments and Devaluation.
World Trade Organization (WTO), Trade Related Aspects of Intellectual Property Rights (TRIPS), and Trade Related Investment Measures (TRIMs),World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).
Public Finance and Monetary System
Sources of Income of State and Central Government.
Effects of Taxation,Direct and Indirect Taxes, Public Expenditure and Public Debt. Internal and External Debt. 
Budgetary deficit – Revenue, Primary and Fiscal. Fiscal Responsibility and Budget Management Act. Fiscal Policy.
Center State Financial Relations and latest Finance Commission.
Monetary Management – Monetary Policy, Credit creation and Credit Control.
Indian Monetary System – Role of Reserve Bank of India (RBI) and Commercial Banks in Indian Economy.

Economy of Uttarakhand
Main Features of Economy of the State.
Natural Resources – Water, Forests, Minerals etc.
Infrastructure – Physical: Transport, Roads, Railways, Airports.
Infrastructure-Institutional : Banks, Self Help Groups (SHGs), Education, Energy, Communication, Health etc.
Economic Profile of the State: State Domestic Products and their components, Per Capita income. Main sources of Income – Agriculture, Forest Products, Hydel Projects, Tourism etc.
Industrial Development: Problems and Prospects, Large, Medium, Small and Cottage Industries.
Economic Planning – Challenges of Planning in the State, State Planning Commission.
Major Economic Problems of the State : Natural Disasters, Migration,
Environmental Degration, Development of Transport and Communication and it Facilities etc .
Welfare Programmes : Women’s Empowerment, MNREGA,