Match List I with List II
| List I | List II | ||
| A. | Feature of Industrial Development (1950-90) | I.Large Scale Industries | |
| B. | Problem of Industrial Development (1950-90) | II.Licensing System | |
| C. | Capital Intensive Techniques | III.Mahalanobis Model | |
| D. | Labor Intensive Techniques | IV.Small Scale Industries | |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : A-III, B-II, C-I, D-IV
A. Feature of Industrial Development(1950-90) III. Mahalanobis Model. The Mahalanobis Model was an economic development model adopted by India during the period of 1950-90. It emphasized the importance of the public sector and heavy industries in promoting industrial development.
B. Problem of Industrial Development (1950-90) - II. Licensing System. The licensing system was a major problem during this period. It involved a complex system of government permits and regulations for setting up and operating industries, which often led to inefficiency and corruption.
C. Capital Intensive Techniques- I. Large Scale Industries:- Large scale industries typically require a significant amount of capital for machinery, infrastructure, and technology. They were a feature of industrial development during this period.
D. Labour Intensive Techniques - IV. Small Scale Industries: Small scale industries, being less capital-intensive, relied more on labor-intensive techniques. They were encouraged as a means of creating employment opportunities and promoting balanced industrial growth.
| List I | List II | ||
| A. | Feature of Industrial Development (1950-90) | I.Large Scale Industries | |
| B. | Problem of Industrial Development (1950-90) | II.Licensing System | |
| C. | Capital Intensive Techniques | III.Mahalanobis Model | |
| D. | Labor Intensive Techniques | IV.Small Scale Industries | |