END TERM EXAMINATION, APRIL 2016 B.A.LL.B. (HONS.) SEMESTER-II Indian Economy Max. Marks: 60 Time Allowed: 3:00 Hrs. Note: Answer five questions including Question No. 1 which is compulsory. The marks carried by each question is indicated at the end of the question.

1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20) a. Gross National Product b. Human Development Index(HDI) c. Balance of Payment d. Disguised unemployment e. Industrial Sickness in India f. Foreign Direct Investment g. Direct Tax h. Public Revenue i. Agricultural Labour j. Natural Resources

2. Explain the features of Indian economy as an underdeveloped and developing economy. (Marks 10)

3. What are the causes responsible for low agriculture production in India? Discuss various policy measures undertaken by government to increase the agriculture production in India. (Marks 10)

4. Explain the importance of small scale industries in economic development of India. What steps have been taken by the government of India to promote these industries? (Marks 10)

5. Explain the reasons for the increase in public expenditure in India in recent years. Discuss the effects of public expenditure on production and distribution in India. (Marks 10)

6. What do you mean by poverty? Briefly discuss the steps undertaken by government to eradicate poverty in India. (Marks10)

7. Write short notes on any two of the following: (Marks 5×2=10) a. Capital Market in India b. Sustainable Development c. Finance Commission