1.

Explain with reason:The quality of life and standard of living of Indian citizens is increasing.

Answer»

(i) After India became independent, the Industrial Finance Corporation of India was established in 1948 to make available long term loans to Industrial projects. 

(ii) The Industrial Development Corporation was established in 1954 in order to bring about greater development of the industrial sector. 

(iii) Due to the development of industries, many opportunities for employment become available. 

(iv) On the whole, it helps in the progress of the country. 

(v) Thus the standard of life in the country improves.



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