ECONOMICS
Paper-II

(Time Allowed: Three Hours] (Maximum Marks: 300)
INSTRUCTIONS
Each question is printed in Hindi and
in Answers must be written in the medium spec.ijied in ihe AdmIssion Certificate issued to ydu, must stated clear/yon the cover of the answer-book in 'the space providedfor the purpose. No marks will be given for the answers written in a medium other than that spe"clfied in ·the Admission Certificate.
Ca.ndidates should attempt 1
l and 5 which are compulsory, an;d any ofthe selecting at least on.e question from each Section.
Thenum"ber o/marks.carried by each question' is indicated at the. end ofthe·.quesf.ion.


1 SECTION-A
1. Answer the following questions in about 150 words each
(a)Discuss Amartya Sen's poverty measure and recent advances
in poverty measurement. 15

Throw light on wage-goods model of C.N. Vakil
and P.R. Brahmanand. 15

Discuss policy of Discriminating Protection and
its impact on Indian industrial development during the
British period. 15

restricting social benefits to BPL households,
the poverty line (in India) will be fully converted
from a statistical benchmark to a real-life social division"
(Dreze).Discuss. 15

2.(a)Poverty alleviation strategy of the day is moving ahead
of Redistribution with Growth of Chenery and the World
Bank and Dreze and Sen's Growth-mediated security
and Support-led security strategies to Empowerment,
Opportunities and Security lines. Elaborate. 30

(b)Elaborate upon Gandhian versus Nehruvian visions
of India's development Do you think Gandhian approach
is again attracting scholars and the people? Give reasons. 30

3.(a)"India urgently needs yet another Green Revolution by
infusing modern technologies like ICT and Space technologies
and Strategic Management techniques to come up with demand
side pressures resulting in persistent food inflation
in the economy." Do you agree? 30

(b)Critically examine the point of view that RBI's recent
measures at containing inflation have compromised growth. 30

4.(a)"The declining share of commodity producing
sectors-agriculture and industry-and rising share of Services
sector is creating imbalances of far­reaching consequences
in the economy."Critically analyse. 30
(b)Analyse the recent trend of gross capital formation in
agriculture.Has it,do you think, been responsible
for the sluggish growth rate in agriculture 30
SECTION-B
5. Answer the fO,llowing questions in, around 150 words each
Throw light on the PURA model of rural development. 15
Write on second-generation economic reforms in India. 15

(c)Write on the unfinished agenda of Doha Round of
negotiations of the WTO. 15

(d)Write on Indo-ASEAN trade relations. 15

Is India ready for full capital account convertibility?
Assess. 30
(b)Compare the role of Foreign Direct Investment
and Foreign Institutional Investment in India's
economic developmenL Are FDI's preferable to Portfolio
Investments ?Evaluate. 30

7.(a)Analyse the impact of MNREGA on rural and urban wages
and rural migration. 20

(b)Discuss salient economic features of 73rd and 74th
Constitutional amendments. 20

(c)Examine the challenges to export diversification
and increase in export competitiveness of India. 20

In view of fresh fears of global financial crisis
arising out of decelerating credit rating of the U.S.
economy and sovereign debt crisis in peripheral Euro-Zone
economies analyse its likely impact on India's trade and
growth performance. suggest measures to contain it. 40
(b).Write in brief on Special Economic Zones(SEZ) and their
socio-economic repercussions. 20