XI - Important Years

IMPORTANT YEARS

1850 - British introduced railway in India

1921 - Year of Great Divide

1881 - First Census in India

1950 - Planning Commission

1951 - First Five year plan started

1956 - IPR

1965 - 1975 - First stage of green revolution

1975 - 1985 - Second stage of green revolution

1955 - Karve Committee

1991 - New Economic Policy in India

1948 - GATT

1978 - Death Of Mao

1995 - WTO

1982 - NABARD

1969 - Nationalisation of 14 commercial banks

1997 - Kyoto Protocol

2005 - NREG Act

2009 - Copenhegan Submit

Frequently Used Abbreviations

Frequently Used Abbreviations AC - Average Cost

AD - Aggregate Demand

AFC - Average Fixed Cost

AP - Average Product

APC - Average Propensity to Consume

APS - Average Propensity to Save

AR - Average revenue

AS - Aggregate Supply

AVC - Average Variaable

BOP - Balance of Payment

BOT - Balance of Trade

CRR - Cash Reserve Ratio

ED - Effective Demand

FC - Fixed Cost

GDP - Gross Domestic Product

GNP - Gross National Product

IC - Indifference Curve

LRR - Legal Reserve Ratio

MC - Marginal Cost

MOC - Marginal Opportunity Cost

MP - Marginal Product

MPC - Marginal Propensity to Consume

MPS - Marginal Propensity to Save

MR - Marginal Revenue

NDP - Net Domestic Product

NI - National Income

NNP - Net National Product

OC - Opportunity Cost

PPC - Production Possibility curve

SLR - Statutory Liquidity Ratio

TC - Total Cost

TFC - Total Fixed Cost

TP - Total Product

TR - Total Revenue

TVC - Total Variable Cost Click HERE to get a copy