Economic Thoughts — Important Questions
Gujarat Board · Class 11 · Economics
45 important questions from Economic Thoughts for Gujarat Board Class 11 Economics, with answers. Part of the Gujarat Board Class 11 Economics syllabus.
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Important Questions from Economic Thoughts
Who gave the theory of Trusteeship?
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Gandhiji
Gandhiji developed the theory of Trusteeship, where wealthy individuals voluntarily act as trustees of their excess wealth for the benefit of society.
Which economic methods did Pandit Deendayal Upadhyay recommend for India?
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Labour intensive methods
Considering India's labour abundance and capital scarcity, Pandit Deendayal recommended labour intensive production methods with the motto 'work for all'.
Which of the following are sources of state income according to Kautilya? (Select all correct answers)
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Towns, Villages, Mines, Animal husbandry
Kautilya identified 7 sources: Towns, Villages, Irrigation, Mines, Jungle, Animal husbandry, and Trade and Commerce. Foreign trade only is incorrect as it includes both import and export.
Which principles formed the foundation of Gandhiji's ideology? (Select all correct answers)
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Truth, Non-violence, Simple living
Gandhiji's ideology was based on Truth (Satya) and Non-violence (Ahimsa) as major principles, along with simple living and high thinking. He opposed materialism and capitalism.
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