ECONOMICS (Code
Time-3 Hrs.
Max. Marks -150

Note: Attempt Five Questions in all. All questions carry equal marks. Ques. No.1 is compulsory. Answer two questions from Part I and two questions from Part IL The parts ofsame question must be answered together and must not be interposed between answers to other questions.
Q1. Write notes on any four ofthe following. (4x7.5=30)

Features ofIndian economy.


Liberalisation in India


Objectives and functions of World Bank.


Distinction between returns to a factor and returns to scale.


Merits and demerits of Direct Taxes.


Distinction between Gross and Net Profit.


Part-I
Q2. Critically discuss the concept of consumer's surplus and explain Hicksian approach to measure consumer surplus.
Q3. Critically discuss the Keynesian theory ofemployment.
Q4. Describe features of monopolistic competition and discuss equilibrium of a firm under it.
Part -II
Q5. What have been the causes of high population growth in India? Explain the present population policy ofthe government to control population growth.

Q6. Discuss the nature of unemployment problem in India. What measures have been taken by the government to solve this problem?
Q7. Discuss the instruments of Credit Control adopted by the Re8erve Bank of India.

IIITN-EB-12