No. of Printed Pages: 6 IMEC-OOSI
MASTER OF ARTS (ECONOMICS) Term-End Examination December, 2016 01.3 91
MEC-005 INDIAN ECONOMICS POLICY
Time 3 hours Maximum Marks 100
Note: Answer the questions as per instructions given for each question.


SECTION

(Long Answer Questions)

Answer any two questions from this section in about 700 words each 2x20=40

1. "A big and increasing stock of skilled population in a resource-rich economy may not be a cause of concern. But qualitatively-poor rising population may pull back the economy from reaching its full potential". Discuss, bringing out clearly the main policy issues arising in the debate.

2. "Policy initiatives like liberalisation and privatisation have promoted globalisation. Globalisation, in tum, has not been a win-win situation for all sections of the society." Examine the statement and suggest new initiatives to save the interests of the weaker sections of the society.

3. Distinguish between input-subsidisation and output-subsidisation in Indian agriculture. Evaluate relative effectiveness of these policy initiatives.

4. "Rising current account deficits in India's balance of payments combined with rising fiscal deficits pose a challenge to policy -makers both from the point of view of rapid growth and economic stability". Comment and suggest policy measures to deal with these issues.


SECTION

(Medium Answer Questions)

Answer any five questions from this section in about 400 words each 5x12=60

5. "Poverty and inequality cause each others". Comment and suggest policy initiatives to tackle these two issues.

6. State the implications of the changes in the structure of India's National Income. What are the limitations from which services sector suffers presently?

7. What do you mean by 'inclusive growth' Examine the role of the Planning Commission towards the achievement of this objective.

8. Examine the rationale for promoting micro, small and medium enterprises in the Indian economy. List the various ways through which these enterprises have been supported by the government.

9. Despite declining share of agriculture in the economy, agriculture is still considered the backbone of India's economy. Explain.

10. "Infrastructure promoted growth. Recent Indian experience shows that growth promoted infrastructure." Comment on these two statements. Which of these two will you favour and why?

11. Distinguish between foreign direct investment and portfolio investment. In light of their role has India evolved a suitable policy framework to attract these in increasing numbers.

12. "Active intervention of MBOs and NGOs have empowered the poor to demand efficient delivery of services from the state." Explain.

13. How has the operation of the black economy restricted the effectiveness of state policies