M.A. DEGREE EXAMINATION, NOVEMBER 2017.
Third Semester
Economics
DEVELOPMENT ECONOMICS
(CBCS 2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
All questions carry equal marks.
1. Define ''Economic Growth''.
2. What is real GDP?
3. What is capital-output ratio?
4. What is balanced growth?
5. State any two assumptions of the Neoclassical model.
6. What is poverty trap?
7. What is decentralised planning?
8. Define perspective plan.
9. What is LPG policy?
10. Define ''Fiscal Policy''.
Sub. Code
455302
RW-727
2
Ws9
Part B x 5 25)
Answer all questions, choosing either or
All questions carry equal marks.
11. Differentiate economic growth from economic
development.
Or
Explain the obstacles to economic growth and
development.
12. Explain the big push strategy.
Or
Elucidate the vicious circle of poverty.
13. Explain the Solow Model of Growth.
Or
Explicate Rostow's theory of economic growth.
14. Bring out the need for development planning.
Or
Explain the features of linear programming.
15. What is the need for pricing policy?
Or
Distinguish between inward looking and outward
looking trade policies.
RW-727
3
Ws9
Part C x 10 30)
Answer any three questions.
All questions carry equal marks.
16. Elucidate the factors of economic growth.
17. Critically examine Mahalanobis strategy.
18. Explain the Ranis-Fei model.
19. Elucidate the role of input-output analysis in planning
and development.
20. Explicate the PURA model.
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