Question 31 (Choice 1) - CBSE Class 12 Sample Paper for 2023 Solutions - Economics - Solutions to CBSE Sample Paper - Economics Class 12

Last updated at April 16, 2024 by Teachoo

a. Name any one Maharatana company.

b. ‘Land ceiling promotes equity.’ Support the given statement with valid explanation.

Answer:

Indian Oil Corporation Limited.
Land ceiling means fixing the maximum size of land which could be owned by an individual, beyond which it would be taken over by the government and would be allotted to landless and small farmers.

The purpose of land ceiling was to reduce the concentration of land ownership in few hands and promote equity.

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo

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