Attempt any two questions from this section in about 700 words each.

1. What do you understand by the structure of national income? Examine the principal changes in the structure of India's national income since 1980s. Do you think that service-dominated growth profile of Indian economy is sustainable in the long-run?

2. What is globalisation How far has the export-led growth strategy followed since 1991 onwards been successful?

3. What is the distinction between economic infrastructure and social infrastructure Evaluate the policy towards the development of economic infrastructure in India.

4. Distinguish between money market and capital market. Give an account of the development of capital market since 1991 highlighting the shortcomings it suffered in the recent past. List the reforms introduced to overcome these shortcomings.

Attempt any five questions from this section in about 400 words each.

5. What do you mean by the term 'economic policy' Discuss the various disappointing outcomes of the poor implementation of economic policy.

6. How can you assess the quality of employment? Do you think that quality of employment has deteriorated in India? Give reasons in support of your answer.

7. How far has India benefited from the membership of IMF

8. Distinguish between loans and private investment as sources of foreign capital. Discuss the different changes in the government policy towards foreign capital.

9. What do you mean by 'fiscal imbalances' Examine the steps taken by the Central government to correct this imbalance.

10. Explain how does black income enhance consumerism in the society.

11. Distinguish between MBO and NGO. How does the active intervention of MBOs and NGOs empower the poor people in demanding the effective delivery of services from the State?

12. Explain any three of the following:

Market Failures

Inter-State Council

Primary Deficit

Portfolio Investment

Human Development Index

Industrial Diversification