MASTER OF ARTS (ECONOMICS) Term-End Examination December,

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1 No. of Printed Pages : 6 MEC-005 MASTER OF ARTS (ECONOMICS) Term-End Examination December, MEC-005 : INDIAN ECONOMICS POLICY Time : 3 hours Maximum Marks : 100 Note : Answer the questions as per instructions given for each question. SECTION - A (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 turn, 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. MEC P.T.O.

2 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 (i) rapid growth and (ii) economic stability". Comment and suggest policy measures to deal with these issues. SECTION - B (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. MEC-005 2

3 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? MEC-005 3

4 714.ft (3 raiwriq. ) TRIATT Rto-w, : (4179T4 antardfen Afa fisfq :3 3.7reiWMT 37W : 100 te. taus rqd? WI * * drh WIT - at ( 1'4V1) reh ii Mk"11 * 797 t "517ff dlt WPFT 700 7T-- 1 t I 2x20=40 1. ""crw17%19 3T TT Twu 721T acne itzr f ikii 'Wf ratiti le -gm 7T 0:1)11 14tl quilvict) iite. A Nre.qi,3114(v41 at94-644t:ett allt4 al-itott VIT-dfTft 70' flcbc11 t I" tsw-i * c1-1 W -11(n 4 11 qz1 -a -al W )(.) dqi,aa)(ui 7-4 Ptatiul 1a.)411 t Tfl age) ' ft:4ra. A9T TIM t i" g -erff TRIvar , \71*177AY{ t lid)*.wr ilwar -44 -q1:11.wr 13-grq t-17-4). MEC P.T.O.

5 3. ITR ff *-77 (input-subsidisation) tmt 3041q f<T71-*-711T (output-subsidisation) t -dq4 I (417V11 d-dr iiicb-r -4-1 A-4 I 4. " 91R7 TTUF 4 Cdr N1d1 fatzt TPA. -11rd f9trimaff :rgmi 4191 it-1-fz W -ftewat Vvw'Err 1,ild1 coicnk 3917 t I" feccit 00 1 f97-64 bra F-14--IFortqd ravir 'Eft Tr7ff fir dpi t I 5x12=60 5. "fi%frdi L atuqr-i-d-r cbrui t" - tott tk T1t -11R-1 4 1c ITTa. 7Titzr w-c1-110-ich 4,o --d-q4 I 37 41H13# fq-4r q-4-11-rff (.).41 71* t 7. TITfTrO TNIZ (Inclusive growth) A. 3iF1 off? Trri7r -?tr-- 9-r 34P: auur MEC P.T.O.

6 8. ITRA7 3Tzt&P-i:e1T -4 -T-1:1, n.2.t1 Tfv:frf 371)1ff * 3) tq atifi (Rationale) "WdTT4 I 31 Farati di f 4-d74 79* giki k-rchit. 3uW1:4.). 1:11:F4ff rcg1 9. " 5*-d &raTtrr -4 (1) Fit.ie. *KR t qiq it TN, ITRtzf 31.2tam:AT -1- ql gril#t" - otutsii ---1-r-A TreTr-{ip,k-R-a-ti Tflf4 m mkci TTal- ti ic-i t ITRA7 al-tt zff tm-d-r t # atitirt ,d-ral. t I )-1). -2,191 -cit fur? of.) * -44 tr 3Trcr icr) TzrierTrliti cin 3* ceii? 11. fa kt MCC Fa r-v-i141 atit Clq fa F-1411 i 1 4 cidl lifi:rwr * q;err 91R7 Tff irli) tsql Al atrwritff (*A t rmi -ucr-1-4tr 11rg 4 la G1r41 --9T kichl t? 12. ' ' TgFT altkecd 41 ial (MBOs) TR-*-Tft (NG0s)*Tri-wzr - -Icr ffftft *Tel tr,113-1)t T --cr.t-d-r 4- TIT 71.IA4-1-1-A oicici mliqi t" - cqttsit 13. -ro1-3tquiqpit -1- iihilkilodi Rbii mcnr orei Afat o-dt -5rr-d-qtfim Rbeii t? MEC-005 6

BACHELOR'S DEGREE PROGRAMME Term-End Examination December, 2014 ELECTIVE COURSE : COMMERCE ECO-2 : ACCOUNTANCY-I

No. of Printed Pages : 8 ECO-2 BACHELOR'S DEGREE PROGRAMME Term-End Examination December, 2014 ELECTIVE COURSE : COMMERCE ECO-2 : ACCOUNTANCY-I Time : 2 Hours Maximum Marks : 50 Weightage : 70% Note :