October 2007

Economics
October 2007

Time: 3 Hours                                                  Marks:100

NB:
1. Answer any five questions, with a minimum of two questions from each section.
2. Figures to the right indicte full marks.
3. Answers to both the sections should be written in the same answerbook.

Section I
Q.1.
a) Examine the trends in the growth of national income of India. (10)
b) Explain the measures taken by the government to promote education for human development. (10)

Q.2.
a) What are the essential features of the Agreement on Agriculture under WTO? (10)
b) Examine on food security system in India. (10)

Q.3.
What are the problems faced by small-scale industries in India? Explain the measures taken by the government since 1991 for the development of the small-scale sector. (20)

Q.4.
a) Discuss the measures taken by the government to promote employment in India. (10)
b) Define child labour and explain the causes for child labour. (10)

Q.5.
Write notes on any two of the following: (20)
a) The National Population Policy 2000.
b) Policy of Disinvestment.
c) New Industrial Policy, 1991.
d) Problems of female labour.

Section II
Q.6.
Discuss in detail the Principle of Maximum Social Advantage. What are its limitations? (20)

Q.7.
a) What are the merits and demerits of direct and indirect taxes? (10)
b) Explain the following: (10)
i) The various components of budget.
ii) Types of deficits.

Q.8.
Explain Ricardo's Comparative Cost Advantage Theory and point out its limitations?(20)

Q.9.
a) Examine the changes in the composition and directions of India's foreign trade since 1991. (10)
b) What are the measures used to correct a deficit in the balance of payments position? (10)

Q.10.
Write notes on any two of the following: (20)
a) WTO and TRIPS.
b) FRBM Act, 2003.
c) Sources of public revenue.
d) Modern Theory of International Trade.