Infrastructure and Social Infrastructure
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary significance of infrastructure in economic development?
Infrastructure forms the backbone of economic activity by providing essential services like transport, energy, and communication that enable production, trade, and improved quality of life.
What is the definition of infrastructure in the context of economic development?
Basic physical systems and facilities enabling economic activity and growth.
How does the National Infrastructure Pipeline (NIP) support India's infrastructure development?
The NIP is a government initiative launched in 2019 targeting investment of over Rs. 111 lakh crore in infrastructure projects during 2019-25 to boost economic growth and employment.
What are the two broad categories into which infrastructure is classified?
Economic infrastructure and social infrastructure are the two categories.
What distinguishes economic infrastructure from social infrastructure?
Economic infrastructure includes transport, energy, and communications that directly support productive activity, whereas social infrastructure encompasses education, health, housing, and sanitation that enhance human capital.
What types of facilities are included under economic infrastructure?
Roads, railways, ports, power, telecommunications, and irrigation systems.
Which regulatory body oversees the electricity sector in India?
The Central Electricity Regulatory Commission (CERC) regulates tariffs and interstate transmission of electricity, while State Electricity Regulatory Commissions (SERCs) handle intrastate matters.
What types of facilities are included under social infrastructure?
Education, health, housing, water supply, and sanitation facilities.
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