Section - A

1. Answer all six parts from this section. Answer to each should be in about 100 words:

Marks: 5 × 6 = 30

(a) How was the economic crisis faced by India in the early nineties related to her internal fiscal imbalance?

(Comment for solution.)

---

(b) Describe briefly how resource are transferred from the Centre to the States in India.

(Comment for solution.)

---

(c) Waht are the consequences of black money in India?

(Comment for solution.)

---

(d) What are the various dimensions of poverty? Has the economic reform package ultimatey reduced the incidence of poverty in India?

(Comment for solution.)

---

(e) Do you think that the agricultural income in India should be taxed? Give reasons for your answer.

(Comment for solution.)

---

(f) Mention the major trade policy reforms in India since 1991. How has it affected the structure of India's foreign trade?

(Comment for solution.)

---

Section - B

Answer any six questions from this section. Answer to each should be in about 200 words:

Marks: 15 × 6 = 90

2. Critically evaluate inclusiveness and sustainability of growth as the development strategy in India in recent times.

(Comment for solution.)

---

3. Why are States in India not satisfied with the financial arrangement between the Centre and the States? In this context, what were the major recommendations of the Sarkaria Commission?

(Comment for solution.)

---

4. Do you think the imposition of GST will lead to enhanced tax collection for the Centre and the States? Will it reduce the incidence of taxation on the common people?

(Comment for solution.)

---

5. How will you explain the paradox of high economic growth and low human development in India in recent times?

(Comment for solution.)

---

6. Agricultural credit from institutional sources is a chronic problem in India. In this context, explain the role of commercial banks in disbursing agricultural credit.

(Comment for solution.)

---

7. Critically evalate the government policies towards the public sector enterprises since 1991. Do you think these enterprises are still relevant for industrial development in India?

(Comment for solution.)

---

8. Do you think that the employment generation strategy adopted by the Government of India since 1991 can reduce unemployment significantly?

(Comment for solution.)

---

9. Critically evaluate the issue of capital account convertibility in the context of the Indian economy.

(Comment for solution.)

---

10. Economic growth in India in the post-liberalisation period is service-led. Is this growth sustainable?

(Comment for solution.)

---

Section - C

Answer any four questions from this section. Answer to each should be in about 300 words:

Marks: 20 × 4 = 80

11. Why do the basic objectives of planning remain unfulfilled in India? Can India achieve these objectives in the post-liberalisation period?

(Comment for solution.)

---

12. What are the challenges faced by India for financial inclusion in rural areas? Discuss how this problem can be overcome.

(Comment for solution.)

---

13. What are the flaws in the Public Distribution System (PDS) in India? Do you think Targeted Public Distribution System (TPDS) can remove these flaws?Explain.

(Comment for solution.)

---

14. What are the major problems of industrial development in India? Can the 'Make in India' programme recently launched by the Government of India eliminate some of these problems?

(Comment for solution.)

---

15. Do you think demonetization of higher currency notes will have any effect on output and employment in India?

(Comment for solution.)

---

16. Explain how curtailment of domestic absorption improved the balance of payment situation in India.

(Comment for solution.)

---