..

Code-07
ECONOMICS
Time: 3 ffollr:-;
Maximum Marks: 150
Note: Attempt Five questions in all. All questions carry equal marks. Q. No. t is compulsory. Answer any two questions from Part I and two questions from Part n. The paI1S of the same questions must be answered together and must be interposed between answers to other questions.
1. Write critical notes on any four of the following: x 7Y2=30)
Per Capita National Income as a measure
of national well-being. Foreign exchange resenecessary under free exchange rate system. rves and arc fle not xible
P.T.G.


Growth led exp0l1 and export led grm.. th for developing countries.


Agricultural Sector can play vital role in increasing exports of India.


Poverty removal programmes 111 India failed to reduce poverty effectively.


The process of economic reforms in India have economic and social disparities.



Part I
2. What are the salient differences between Fisher's equation and Cambridge equation for

Value of Money? Which of these do you prefer and why?
3. Bring out the role of "human capital" in economic development of a country. Would you agree with the view that this critical role has not been appreciated in most of the Growth model? give reasons.
2

4. Explain mam characteristics of Oligopoly market. Does the Kinked demand curve

solution offer a satisfactory explanation of price-output decisions under oligopoly?
Part II
5.
Distinguish between direct subsidies, cross subsidies and covert subsidies. What role do the subsidies play in agricultural development of India

6.
"Inspite of its drawbacks, the public sector has
an important role to play in a vast and poor
country like India." Examine this statement



critically
7. Explain the meaning of deficit financing and
discuss its role and limitation for promoting
economic development in India.

C-04/M-07 3