Section - A

1. Answer all the following six parts in about 150 words each:

Marks: 5 × 6 = 30

(a) Manufacturing sector needs to be strengthened and developed but the role of the service sector cannot be ignored. Discuss.

(Comment for solution.)

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(b) State the major recommendations of the Fourteenth Finance Commission.

(Comment for solution.)

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(c) Antipovert programmes need to be reoriented for assets creation rathe_ than providing employment in rura_ areas. Comment.

(Comment for solution.)

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(d) Child labour continues to be a permanent problem in India. Suggest pragmatic ways to control it.

(Comment for solution.)

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(e) Do you think that Fiscal Responsibility and Budget Management Act, 2003 should be modified? Give reasons.

(Comment for solution.)

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(f) Bring out the importance of micro, small and medium enterprises in the context of the Indian economy.

(Comment for solution.)

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Section - B

Answer any six out of the following seven questions in about 200 words each:

Marks: 15 × 6 = 90

2. "In the changing economic environment, the goal of self-reliance is a myth." Do you agree? 15

(Comment for solution.)

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3. Comment on the major federal fiscal problems between the Centre and States in India.

(Comment for solution.)

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4. India's human development record continues to be gloomy. Can you suggest measures to improve it?

(Comment for solution.)

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5. Skill development and increase in labour productivity will impact India's growth rate. In this context, would you suggest changes in India's education policy?

(Comment for solution.)

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6. Financial inclusion is a must for healthy growth of the Indian economy. In this context, what measures would you suggest to promote household savings in India?

(Comment for solution.)

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7. In the context of purchasing power parity, Indian rupee is undervalued in dollar terms. How far is it true?

(Comment for solution.)

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8. Nonbanking financial institutions need to be effectively regulated and monitored in India. Can you suggest some measures in this direction.?

(Comment for solution.)

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Section - C

Answer any four out of the following five questions in about 300 words each:

Marks: 20 × 4 = 80

9. "Second generation economic reforms should be accompanied with human capital formation for sustained development in India." Discuss.

(Comment for solution.)

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10. Do you think that fiscal reforms should supplement financial sector reforms to achieve the objective of stabilization and employment generation in the Indian economy? Explain.

(Comment for solution.)

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11. Subsidies are a source of ineffeciency and corruption. They should be rationalized and ultimately phased out. Illusrate your answer in the Indian context.

(Comment for solution.)

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12. Industrial development and agricultural development are the two sides of the same coin. What policy prescripcions would you advocate in the context of the Indian economy?

(Comment for solution.)

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13. It is not the population but the poverty and unemployment are the two most chronic problems of the Indian economy. What policy measures would you suggest to solve these problems?

(Comment for solution.)

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