11. What are the functions of the Reserve Bank of India ?
Answer :
Printing of currency
Controlling credit
Banker to government
Banker's bank
12. Explain the Champaran and Kheda Satyagrahas involved by Gandhiji ?
Answer :
The Struggle of indigo farmers in Champaran - 1917
In Champaran, Gandhiji resorted to disobedience of the British rules and Satygraha and his involvement compelled the authorities to pass laws in favor of the indigo farmers. After his struggle in Champaran, Gandhiji worked for the progress of Champaran region by establishing primary schools, initiating medical aids and involving in cleaning.
Peasant struggle in Kheda -1918
Due to drought and crop failure farmers in Kheda were living in utter misery. The rulers decided to collect tax from these poor villagers. Starting Satygraha in (1918) Gandhiji protested against the decision. He advised people not to pay tax. Consequently, the authorities were forced to reduce tax rates.
13. What is budget ? Explain three types of budgets.
Answer :
Budget is the financial statement showing the expected income and expenditure of the government during a financial year. In India, financial year is from April 1 to March 31.
Balanced budget : When income and expenditure are equal income = expenditure
Surplus budget : When income is more than expenditure income > expenditure
Deficit budget : When expenditure is more than income income < expenditure
14. Distinguish between the Ryotwari System and the Mahalwari System.
Answer :
Ryotwari system : Introduced South Indian regions the land revenue was collected directly from the farmers (Ryots). Though ownership of land was vested with the farmers, excessive tax impoverished them. Furthermore, the tax rates were frequently increased.
Mahalwari system : Introduced North West regions In the Mahalwari system, the village headman was assigned the responsibility to collect tax. The tax rate was excessive in this system too. The entire village (Mahal) was considered as a single unit for tax collection.
15. Mark and label the given geo information in the outline map of India provided.
(A) River Kaveri (B) Chotanagpur Plateau (C) Kuchchh Peninsular (D) Karakoram Range
Answer :
Printing of currency
Controlling credit
Banker to government
Banker's bank
12. Explain the Champaran and Kheda Satyagrahas involved by Gandhiji ?
Answer :
The Struggle of indigo farmers in Champaran - 1917
In Champaran, Gandhiji resorted to disobedience of the British rules and Satygraha and his involvement compelled the authorities to pass laws in favor of the indigo farmers. After his struggle in Champaran, Gandhiji worked for the progress of Champaran region by establishing primary schools, initiating medical aids and involving in cleaning.
Peasant struggle in Kheda -1918
Due to drought and crop failure farmers in Kheda were living in utter misery. The rulers decided to collect tax from these poor villagers. Starting Satygraha in (1918) Gandhiji protested against the decision. He advised people not to pay tax. Consequently, the authorities were forced to reduce tax rates.
13. What is budget ? Explain three types of budgets.
Answer :
Budget is the financial statement showing the expected income and expenditure of the government during a financial year. In India, financial year is from April 1 to March 31.
Balanced budget : When income and expenditure are equal income = expenditure
Surplus budget : When income is more than expenditure income > expenditure
Deficit budget : When expenditure is more than income income < expenditure
14. Distinguish between the Ryotwari System and the Mahalwari System.
Answer :
Ryotwari system : Introduced South Indian regions the land revenue was collected directly from the farmers (Ryots). Though ownership of land was vested with the farmers, excessive tax impoverished them. Furthermore, the tax rates were frequently increased.
Mahalwari system : Introduced North West regions In the Mahalwari system, the village headman was assigned the responsibility to collect tax. The tax rate was excessive in this system too. The entire village (Mahal) was considered as a single unit for tax collection.
15. Mark and label the given geo information in the outline map of India provided.
(A) River Kaveri (B) Chotanagpur Plateau (C) Kuchchh Peninsular (D) Karakoram Range
Answer :
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