For SSC o 1600 AD - The East India Company came to India as a trader. o 1757 AD - The Battle of Plassey (British Captured political power in India) o 1780 – 1820 - Industrial Revolution Period (in England) o 1857 - British established their authority in India (Sepoy Mutiny / First war of Independence) o 1948 - The first Industrial Policy in India Types of Income (2 Types) : o Earned Income : Income Earned through hard Labour. o Unearned Income : Income earned through wealth and property. o Economic Systems (3 Types) : o Capitalist Economy : The system where in private individuals own the production and distribution. o Ex : America, France, Germany o Socialist Economy : The production and distribution of goods and services is owned by public enterprises. o Ex : China, Eastern European Countries. o Mixed Economy : The system where in both public and private ownership prevails. o Ex : India and Srilanka o Economic Drain Theory : Dadabhai Naoroji o Plunder of Economic Wealth : Dadabhai Naoroji o Unorganized Sector : Handloom Sector, Beedi Making, Agarbatti Making, Handpaper etc. o Organized Sector : The large scale Industrial units and large scale Agreicultural Unitshttps://facebook/groups/NeejusCareerPoint/ o Literacy Rate in India : o 1947 - 12% o 1951 - 18.3% o 1981 - 43.6% o 1991 - 52.2% o 2001 - 65.38% o 2011 - 74.04% o Crop Seasons - o Kharif - Rice o Rabi - Wheat o Zayad - Groundnut https://facebook/groups/NeejusCareerPoint/ o Zamindari System - Lord Comwalis o Mahalwari System - A small group of Powerful Families o Ryotwari System - Land is held in a single independent holdings o Lorenz Curve - Measurement of Income inequality o Private Sector - The firms owned by Individual Properietors o Public Sector - The ownership of the State o Joint Sector - The firms jointly owned by public and private https://facebook/groups/NeejusCareerPoint/
Posted on: Tue, 28 Oct 2014 16:28:17 +0000
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