Attempt any two of the following questions in about 700 words each.

1. Discuss in brief the features of good governance. Do you think that existing institutional structures in India have not led to good governance outcome? Give reasons in support of your answer.

2. Monetary policy cannot be framed independently of the fiscal policy, because there may be inherent conflicts in two sets of policy. In the light of this statement,

Discuss in brief the transmission mechanism of monetary policy and fiscal policy.

identify the areas of policy-conflict.

3. Allocation of land, minerals, gas and spectrum etc. is emerging as a serious issue of debate in Indian economic policy. Review the essential features of the government policy in this context.

4. In wake of global crisis, India's external sector is increasingly been encircled by protectionist policies being practised by the developed countries. What should be India's policy to meet this challenge

Attempt any five of the following questions in about 400 words each.

5. Explain how declining public investment in agriculture is a matter of concern. What are its implications

6. "Response of Foreign capital to recent Policy initiatives is considered as lukewarm". Make policy suggestions to change this trend.

7. India is emerging as a home to growing numbers of skilled trained young people. Do you think the service sector is capable of meeting their aspirations? Suggest policy changes.

8. Distinguish between 'Social infrastructure' and ,economic infrastructure'. In terms of governance can these two be seen as independent? Give reasons.

9. Neither the public sector, nor the private sector alone can meet the responsibility of fast-emerging manufacturing sector in the economy. Suggest a suitable policy framework.

10. 'Food security is emerging as the principal issue at International fora like WTG. What policy measures have been taken in India to achieve this objective?

11. What do you mean by sustainable development?

Suggest policy measures to Protect environment and promotion of sustainable development.

12. "Small is new big". Examine the role of MSME in Indian economy. Also suggest innovative policy initiatives.

13. 'Growing perception of corruption and black money is hitting at the roots of growth'. Make a review of recent policy initiative at different levels to change this negative perception.