National Income Committee Report Submission
The National Income Committee was established in India to address the important task of estimating the country's national income. Understanding when this committee submitted its findings is crucial for tracing the history of economic measurement and planning in India.
Report Submission Year
The National Income Committee officially submitted its report in the year 1950. This report was a foundational document for subsequent efforts in national income accounting in India.
Context of the Committee
The committee played a vital role during the nascent stages of India's planned economy. Key details include:
- Establishment: The committee was formed in 1949.
- Chairperson: Professor P.C. Mahalanobis led the committee.
- Objective: To prepare a report on the methods of estimating national income and its components, and to estimate India's national income.
- Significance: The report provided the first systematic estimates of India's national income and highlighted the methodologies that would guide future economic analysis and policy-making.
Understanding National Income Estimation
Estimating national income involves calculating the total monetary value of all final goods and services produced within a country over a specific period, usually a year. The National Income Committee's report laid the groundwork for these calculations in the Indian context, considering the unique economic structure of the post-independence era.
Important Questions from Miscellaneous
A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :
A mass is attached to a spring that hangs vertically. The extension produced in the spring is 6 cm on Earth. The acceleration due to gravity on the surface of the Moon is one-sixth of its value on the surface of the Earth. The extension of the spring on the Moon would be:
Directions: Each item in this section consists of a sentence with an underlined word followed by four words (a), (b), (c), and (d). Select the option that is opposite in meaning to the underlined word and mark your response in your Answer Sheet accordingly.
The deluge affected the population.The major source of vitamins and minerals for vegetarians is
Which of the following statements about the Deccan Riots Commission is/are correct?
1. The Commission did not hold enquiries in the districts which were not affected.
2. The Commission did record the statements of ryots, sahukars and eye-witnesses.
Select the correct answer using the code given below:
