IAS Mains Economics 2017 Expected Questions

  1. Differentiate between the complete, partial and zero crowding out effect of a given increase in government expenditure in an economy. (2014- 10 marks)

  2. Explain the paradox of thrift. (2014 – 10 marks)

  3. “Monetarists are of the view that only money matters and Keynesian believe that money does not matter at all.” What is the reasoning behind these extreme views held by their protagonists? (2014 – 20 marks)

  4. Examine with appropriate assumptions, the determination of equilibrium income and interest rate in a Keynesian model of goods and money markets, through diagrams. (2014 – 20 marks)

  5. Discuss the classical dichotomy that money is neutral. (2014 – 10 marks)

  6. Explain H-theory of money supply (2014 – 10 marks)

  7. What are the three basic goals of public finance? Can these goals be coordinated into an overall pattern of policy or are they always in conflict? (2013 – 10 marks)

  8. 3) What is sterilization and how does it affect the supply of money in the economy? (2013 – 25 marks)

  9. What are the determinants of an individual’s demand for holding money given there is a fixed cost associated with converting money into bonds. (2013 – 10 marks)

  10. Compare the deposit multiplier with the money multiplier. Is there any impact on the money multiplier arising out of massive use of credit and debit cards? (2014 – 20 marks)

  11. Compare the various instruments of monetary policy with respect to influencing the cost and availability of credit. (2014 – 20 marks)

  12. What do you understand by shifting of a tax? How does a monopolist succeed in shifting the burden of a tax under increasing marginal cost? (2014 – 10 marks)

  13. Should the government impose a unit tax or an ad valorem tax if the objective is that they should both impose the same burden at the initial price before the imposition of the tax, given a certain yield of tax is to be obtained? Demonstrate your answer with a diagram. (2013 – 25 marks)

  14. What is rent seeking? Consider a proposal by a government to levy a proportional tax on income so as to subsidize the consumption of a good. The proportional tax at a rate t reduces the wage received to w(l – t) which with a standard upward sloping supply of labour curve will reduce the hours of labour worked from say L2 to Ll. The net income of the person falls and tax revenue will be twLl. This is transferred as a subsidy which reduces the price of the subsidized good from P to P — S and increases the quantity demanded from Q1 to Q2. What is the valuation of the subsidy by the recipient? Is it equal to the value of taxes paid to finance the subsidy? If the tax payer decides to devote resources to rent seeking to forestall the policy to subsidize the good and the subsidy recipient is also willing to devote resources to encourage the adoption of the policy, who will have the advantage in the rent seeking context? (2013 – 25 marks)

  15. Suppose productivity per unit of labour for two antions, India and UK, is given as under:

    India UK

    Wheat (kg/manhour) 06 03

    Cloth (yard/manhour) 04 02

  16. Will mutually beneficial trade be possible for the two nations? If yes, explain whether specialisation shall be complete or not. (2014 – 10 marks)

  17. What are the two key conclusions of the Heckscher-Ohlin model of international? Under what assumptions are these conclusions arrived at? (2013 – 15 marks)

  18. Why is it that in a pure flexible exchange rate system, foreign exchange market has no direct effects on the monetary base and money supply? Does this mean that the foreign exchange market has no effect on the monetary policy? (2014 – 20 marks)

  19. Distinguish between single and double factor terms of trade. Explain how far terms of trade of a developing economy would change with technological advancement and economic growth.

  20. “Apart from bringing capital into a country, MNCs provide many other advantages that cannot be obtained by borrowing from international capital markets.” Discuss.

  21. Explain the Trade Related Investment Measures (TRIMs) of World Trade Organization(WTO). What are the major debates relating to it?

  22. Summarize the main arguments of the trade optimists and trade pessimists with regard to trade policy for developing countries. Which argument does the data tend to support?

  23. Suppose the goods, financial, current account and foreign exchange markets are initially in equilibrium. The economy has low or imperfect capital mobility and operates at a fixed exchange rate. The economy is subject to a favourable demand shock that raises expenditure. What is the outcome of the shock on the aggregate income and interest rate in the short-run? How is the balance of payments equilibrium achieved? Draw a diagram in support of your answer. (2013 – 25 marks)

  24. What is a speculative attack on a currency? Suppose the economy has a fixed exchange rate and the government is following an expansionary macroeconomic policy: The government increases the budget deficit which it finances through a monetary expansion. How does this lead to a crisis? What is the timing of the speculative attack? (2013 – 25 marks)

  25. Can Kuznets’ hypothesis of inverted-U shaped curve be extended to environmental degradation? Explain (2014 – 10 marks)

  26. Expand on the following three explanations for the Kuznets hypothesis about inequality and development – i) cohort size hypothesis ii) effect of openness on inequality iii) strong versus weak version of the hypothesis. (2013 – 10 marks)

  27. Point out the critical elements in typical PPP agreements in infrastructure projects to safeguard the interests of the public.

  28. Explain the Lewis model of structural change from an agricultural economy to a modern industrial economy. State three major criticisms of the Lewis model.

  29. Explain the Harrod Domar Model and the reason for the knife edge equilibrium of growth in the long run.

  30. Balanced growth strategy of development in terms of pattern of investment has to be in conformity not only with derived demands but final demands as well.” Argue whether this statement is about avoiding bottlenecks for certain sectors and excess capacities in others or promoting import substitution. (2014 – 20 marks)

  31. Our development strategy has been proposed in terms of ‘faster’, ‘more inclusive’ and ‘sustainable’ growth. Do the three components sit together well? Argue for your answer. (2014 – 10 marks)

  32. Describe the different indicators that are used by UNDP to construct the HDI. Why is a logarithmic transformation applied only to per capita income in calculation of HDI? (2014 – 20 marks)

  33. ‘Monetarists are of the view that only money does and Keynesians believe that money does not matter.’ What is your reasoning of the extreme views held by the monetarists and the Keynesians ? (2011 – 20 marks)

  34. Is Friedman’s quantity theory of money close to Classical or Keynesian approach to the aggregate demand for money? Give justifications for your arguments (2011 – 20 marks)

  35. What is ‘liquidity trap’? How does it occur? Illustrate. (2011 – 20 marks)

  36. Elucidate how does Kalecki’s theory of distribution share the value of output between labour and capital. (2011 – 20 marks)

  37. The marginal efficiency of capital together with the current rate of interest determine the profitability of an investment project. How does it help in the selection of an investment project? (2011 – 20 marks)

  38. “Validity of Marshall’s equi-marginal utility depends on the assumption of unitary elasticity of the marginal utility curves of the commodities under the budget.” Clearly explain this assertion. (2012 – 12 marks)

  39. Show how price output decision is taken by duopolists taking into account, their mutual reaction. Under what condition will the duopolistic market be in equilibrium? (2012 – 12 marks)

  40. “If firms produce differentiated products it is neither possible to identify the industry nor possible to draw its supply curve.” Discuss and show how Chamberlin handles the problem. (2012 – 12 marks)

  41. Is rent, a surplus? Give reasons ill support of your assertion and point out the difference between ‘rent’ and ‘quasi-rent’. (2012 – 20 marks)

  42. Show different stages of product life cycle. How do the shortcomings of diffusion lag of new technologies in recent years cause a time compression of the cycle? (2012 – 20 marks)

  43. Examine Kalecki’s model of distribution. Do you consider it a correct explanation of distribution ? (2012 – 20 marks)

  44. Why is under-employment equilibrium possible in Keynesian economics, but not possible in Classical economics? Give reasons. (2012 – 20 marks)

  45. What do you mean by money multiplier? What are the factors that determine the value of the multiplier? (2012 – 20 marks)

  46. Why does the point of intersection of IS and LM carves coincide with two markets? (2012 – 20 marks)

  47. What are the fiscal and monetary implications of vertical IS and vertical LM curves? (2012 – 20 marks)

  48. The ‘non-rival nature’ of social goods consumption has important bearing on efficient resource allocation. Explore the problem with the examples and diagrams. (2011 – 20 marks)

  49. How does the burden of tax distribution between buyers and sellers in the ratio of elasticity of demand and that of supply take place ? (2011 – 20 marks)

  50. What is the difference between horizontal equity and vertical equity while considering ability to pay ? How should the problem be resolved ? Illustrate graphically. (2011 – 20 marks)

  51. Would the introduction of automatic teller machines, which allows people to withdraw cash from banks as needed, make deposits more inconvenient and affect the money supply Elucidate. (2011 – 20 marks)

  52. Mention the different components of supply of money as specified by the Reserve Bank of India. In what sense is the narrow money ‘narrow’? (2012 – 20 marks)

  53. What is the difference between private and social cost-benefit? Which one of the two is more relevant to government investment decision and why? (2012 – 20 marks)

  54. Explain why money supply remains unaffected if budget deficit is met by borrowing from the public. (2012 – 20 marks)

  55. “Transaction demand for money is Interest rate elastic.” Explain in reference to the post Keynesian theories of demand for money. (2012 – 20 marks)

  56. What is an offer curve? Draw two offer curves such that the offer curve of the home country has a section reflecting inelastic import demand and the foreign country’s offer curve is elastic throughout. Indicate in the diagram which portion of the home country’s offer curve is inelastic. What is the reason for this shape of the offer curve? Demonstrate the implications on trade of a tariff imposed on imports by the home country. (2013 – 10 marks)

  57. What do you understand by a small open economy in the context of both goods and money markets? (2014 – 10 marks)

  58. What is meant by factor abundance? How does it affect the shape of the production frontier of a nation? (2014 – 10 marks)

  59. Analyse the partial equilibrium effects of a tarrif imposed by a large country on its imports in terms of consumers’ surplus (2014 – 10 marks)

  60. “With the Doha Round of multilateral trade talks stalled, regional trade agreements (RTAs) have emerged as an alternative approach to increase trade, spur stronger economic growth and lower unemployment rates in the participating countries.” Explain (2014 – 20 marks)

  61. Explain the conditions under which complete specialization will be possible for two nations in case of comparative advantage.

  62. Suppose productivity per unit of labour for two antions, India and UK, is given as under:

    India UK

    Wheat (kg/manhour) 06 03

    Cloth (yard/manhour) 04 02

    Will mutually beneficial trade be possible for the two nations? If yes, explain whether specialisation shall be complete or not. (2014 – 10 marks)

  63. What are the two key conclusions of the Heckscher-Ohlin model of international? Under what assumptions are these conclusions arrived at? (2013 – 15 marks)

  64. Why is it that in a pure flexible exchange rate system, foreign xchange market has no direct effects on the monetary base and money supply? Does this mean that the foreign exchange market has no effect on the monetary policy? (2014 – 20 marks)

  65. Distinguish between single and double factor terms of trade. Explain how far terms of trade of a developing economy would change with technological advancement and economic growth. (2014 – 20 marks)

  66. “Apart from bringing capital into a country, MNCs provide many other advantages that cannot be obtained by borrowing from international capital markets.” Discuss. (2014 – 20 marks)

  67. Explain the Trade Related Investment Measures (TRIMs) of World Trade Organization(WTO). What are the major debates relating to it? (2014 – 10 marks)

  68. How do the small trading nations share the gains from trade which occur as a consequence of gains from exchange and gains from specialisation ? (2011 – 20 marks)

  69. If all assumptions hold true, how does trade between nations tend to bring about equalisation of factor prices ? (2011 – 20 marks)

  70. How does portfolio balance approach differ from monetary approach in determining the exchange rate ? (2011 – 20 marks)

  71. How does the policy mix of fiscal and monetary policies maintain equilibrium in balance Of payments and full employment?

  72. In the contemporary world of perfect capital mobility and fixed exchange rates, why is the monetary policy ineffective to maintain equilibrium?

  73. What are India’s gains under WTO regime with respect to

    (i) Service sector,

    (ii) Globe-Hex model

  74. How is subsidy better than tariff to achieve domestic objectives?

  75. “For most developing nations fighting persistent balance of payments crisis and inflationary crisis, monetary contraction is a better option.” Do you agree?

  76. Why are trading blocs formed ? Explain the welfare impact of such trading blocks for non-member countries

  77. Distinguish between Currency Board Arrangement and dollarization. Why would a nation adopt one or the other?

  78. Can Kuznets’ hypothesis of inverted-U shaped curve be extended to environmental degradation? Explain

  79. Expand on the following three explanations for the Kuznets hypothesis about inequality and development – i) cohort size hypothesis ii) effect of openness on inequality iii) strong versus weak version of the hypothesis.

  80. Point out the critical elements in typical PPP agreements in infrastructure projects to safeguard the interests of the public.

  81. Explain the Lewis model of structural change from an agricultural economy to a modern industrial economy. State three major criticisms of the Lewis model.

  82. Explain the Harrod Domar Model and the reason for the knife edge equilibrium of growth in the long run.

  83. Balanced growth strategy of development in terms of pattern of investment has to be in conformity not only with derived demands but final demands as well.” Argue whether this statement is about avoiding bottlenecks for certain sectors and excess capacities in others or promoting import substitution.

  84. Our development strategy has been proposed in terms of ‘faster’, ‘more inclusive’ and ‘sustainable’ growth. Do the three components sit together well? Argue for your answer.

  85. Describe the different indicators that are used by UNDP to construct the HDI. Why is a logarithmic transformation applied only to per capita income in calculation of HDI?

  86. State five reasons that support government intervention in agricultural markets.

  87. What do the following terms signify in structural transformation and growth ?

    (i) Kuznets’ U-shaped curve

    (ii) Environmental Kuznets curve

    (iii) N-shaped Kuznets curve in the long-run

  88. How can the structural independence between A-sector and K-sector in the dualistic economy foster growth in the absence of external stimuli ? (2011 – 20 marks)

  89. Compare Human Development Index (HDI) with Human Poverty Index (HPI) as a measure of development. How is the Human Poverty Index different from the Happy Planet Index ?

  90. Why do energy elasticities tend to unity in industrially advanced countries?

  91. What are the negative externalities of high energy coefficients?

  92. How is warranted growth different from natural rate of growth? Explain why Harrod’s growth model is called knife-edge’.

  93. How does Solow incorporate investment in education in the growth model to achieve long-run growth ?

  94. What are the objectives of National Environment Policy, 2006 ?

  95. How was the Jute industry affected after partition? What remedial measures were taken to arrest its decline? (250 words)

  96. How was the Jute industry affected after partition? What remedial measures were taken to arrest its decline? (250 words)

  97. Distinguish between backwash and spread effects of Myrdal. How do they operate in backward economies? (250 words)

  98. “The solution to long term development needs of India lies in promoting public private partnership”. Discuss (250 words)

  99. A number of production lines were reserved for the small scale sector in the pre-liberalization period. Did such reservation achieve its objectives? Explain in detail (300 words)

  100. Distinguish between Currency Board Arrangement and dollarization. Why would a nation adopt one or the other? (150 words)

  101. What is prisoner’s dilemma? How is it related to a strictly dominant industry? (150 words)

  102. What are the factors which determine the size and composition of national income ? In this respect contrast the scenarios between pre and post liberalization periods. (300 Words)

  103. Show different stage of production life cycle. How do the shortcomings of diffusion lag of new technologies in recent years cause a time compression of the cycle. ( 150 Words)

  104. Explain the salient features of the Fiscal Responsibility and Budget Management Act. Explain to what extent has the government of India been able to adhere to the provisions of this act? (350 words)

  105. Why is capital inflow through multinationals corporations preferred over foreign debt? (300 words)

  106. Why are trading blocks formed? Explain the welfare impact of such trading blocks for non member countries? (250 words)

  107. “Industrial development and environmental degradation are highly correlated”. If it is true what should be in your opinion the policy options for industrialization process vis–a-vis pollution control? (250 words)

  108. Distinguish between fiscal federalism and political federalism. How has fiscal federalism been evolving in relation to special category states in particular and other states in general? (250 words)

  109. Is rent a surplus? Give reasons in support of your assertion and point out the difference between “rent” and “quasi rent”? (150 words)

  110. Would a flexible exchange rate regime serve India better than a fixed exchange rate regime in the current international scenario? (150 words)

  111. Elucidate how does Kalecki’s theory of distribution share the value of output between labour and capital? (200 words)

  112. Is Friedman’s quantity theory of money close to Classical or Keynesian approach to the aggregate demand for money?Give justifications for your arguments. (150 words)

  113. Monetarist are of the view that only money does and Keynesian believe that money does not matter. What is your reasoning of the extreme views held by the monetarist and the Keynesians ? (200 words)

  114. How is warranted growth different from natural rate of growth? Explain why Harrod’s growth model is called “knife edge”? (200 Words)

  115. What are the negative externalities of high energy coefficient? (200 words)

  116. How does portfolio balance approach differ from monetary approach in determining the exchange rate? (200 Words)

  117. If all assumptions hold true how does the trade between nations tend to bring about equalization of factor prices (250 Words)

  118. Write in brief on Special Economic Zone and their social economic repercussions? (200 words)

  119. Examine the challenges to export diversification and increase in export competitiveness of India (250 words)

  120. For optimal allocation of resources which of the options market forces, planning exercise or a combination of both should be suitable for the third world countries? Defend your stand (300 words)

  121. Mention the different components of supply of money as specified by the Reserve Bank of India. In what sense is the narrow money “narrow”? (300 Words)

  122. “Validity of Marshall’s equi marginal utility depends on the assumption of unitary elasticity of the marginal utility curves of the commodities under the budget.” Clearly explain this assertion (150 words)

  123. Throw lights on wage goods model of C N Vakil and P R Brahmanand (150 Words)

  124. If all assumption hold true how does trade between nations tend to bring about equalization of factor prices? (200 words)

  125. How does Solow incorporate investment in education in the growth model to achieve long run growth? (200 Words)

  126. How does the burden of tax distribution between buyers and sellers in the ratio of elasticity of demand and that of supply takes place? (200 words)

  127. What are the ways in which a perfectly competitive market may become imperfect? Examine whether advertisement helps an imperfectly competitive market become a perfectly competitive one ?(200 words)

  128. “Subjective approach to taxation leads to least aggregate sacrifice principle” Elucidate. Also give the limitations of principle. (200 words)

  129. State and explain the Law of Equi-marginal utility and also state clearly the limitations of this law? (200 words)

  130. “Pareto optimality is a necessary but not sufficient condition for welfare maximization” Develop this idea highlighting the role of “social welfare contours” and “utility possibility contours” in welfare maximizing state? (200 words)

  131. If public expenditure is financed by money creation, show diagrammatically the short run and the long run crowding out effect. (200 words)

  132. Examine the challenges to export diversification and increase in export competitiveness of India? (250 words)

  133. What is “Scitovsky’s Paradox” ? How far has Scitovsky been successful in removing contradictions in Kaldor-Hicks compensation criteria of welfare? (200 words)

  134. Bring out the differences in the definition of deficit financing given by different authorities in India and examine the role of deficit financing as an instrument of monetary control. (250 Words)

  135. “A dominant firm acts as a price leader and other firms adjust their outputs accordingly”Comment (200 Words)

  136. Discuss the process of forced commercialization of agriculture under colonial rule (200 Words)

  137. ” In spite of its limitations, Kalecki’s theory of distribution is real in that it states that the monopoly and not the perfect competition is found in the real world and that monopoly power affects distribution ” In the light of the above statement, elaborate Kalecki’s theory of distribution and discuss its utility (300 Words)

  138. Critically examine the Wiseman-Peacock hypothesis of public expenditure. How does public expenditure help in attaining economic stabilization and higher levels of production and growth ? Elucidate your answer. (250 Words)

  139. “If individual A is made so much better by the change that he could compensate individual B for his loss and has still something left over, then the reorganization is unequivocal improvement” In the light of the above statement outline Hicks criterion of welfare. (150 words)

  140. “Growth of Indian economy was not commensurate with level of investments during first four decades of planning ” Give reasons. (200 Words)

  141. With the help of suitable diagrams, elaborate Cournot Model. What is the significance of the reaction curves in the model? (200 Words)

  142. What are the backward rising input supply curves?Illustrate with the help of examples.(200 words)

  143. The adjustment to a tax imposition not only affects the distribution of tax burden but also bears upon the efficiency of resources use in private sector. Substantiate the above statement highlighting the role of taxation policy in improving allocative efficiency in an economy. (200 Words)

  144. “Welfare economics is a branch of economic theory which provides a theoretical framework for optimum use of resources” In the light of the above statement examine the areas of welfare economics ? (300 words)

  145. What is meant by oligopoly? In what respects is it different from other forms of market? Show that an oligopolist may face a kinked demand curve . (200 Words)

  146. Elucidate the concept of social welfare function. Critically examine this approach. (200 Words)

  147. Give a critical account of underdevelopment of India during British Rule? (!50 words)

  148. Examine the role of indirect taxes in India’s economic development (150 words)

  149. Is Wagner’ hypothesis an adequate explanation of increase in public expenditure in recent times? Explain (200 words)

  150. By restricting social benefits to BPL households, the poverty line ( in India) will be fully converted from a statistical benchmark to a real life social division” Dreze. Discuss ? (200 Words)

  151. What are the different measures of money supply? Explain the concept of money multiplier and state the factors that determine its volume? (200 Words)

  152. “If expectations (regarding price level ) were always fulfilled short run aggregate supply curve would always be vertical” Critically examine this statement of New Classical Economics. What would be the shape of the curve if expectations were not fulfilled? What other assumption is made by New Classical economists in this context and what is its implications? (300 Words)

  153. Is the speculative demand for money responsible for the presence of involuntary unemployment in Keynesian system?Give reasons (200 Words)

  154. In Keynesian theory ” rate of interest is what it is because it is expected to become other than it is. If it is not expected to become other than it is, there is nothing to tell us why it is what it is” Critically evaluate this comment and explain the role of rate of interest in determination of equilibrium income. (300 Words)

  155. Discuss the contribution of D.R. Gadgil to Indian Economic Planning and Policy. Evaluate the key elements of the “Gadgil Formula” used by the planning commission. (200 Words)

  156. “Cambridge equation determines income (Y) assuming the rate of interest as given. while Keynes theory of interest rate determination assumes given income. Both are thus incomplete” Do you agree with the above assertion? How would then these two variables ( Y and r) be determined simultaneously? (200 Words)

  157. Explain Milton Friedman reformulation of the Quantity theory of money (200 Words)

  158. Explain the main aspects of the role of the Reserve bank of India under the present liberalized financial regime as compared to the regime prior to 1991 (200 Words)

  159. “New Classical Macroeconomics not only rejects the demand management policies of Keynes, but also the proposition of mainstream monetarist such as Friedman” Do you agree ? (200 Words)

  160. Outline Keynesian theory of income, output and employment. Do you subscribe to the view that the principle of effective demand is the logical starting point of this theory? Elaborate your answer ? (250 Words)

  161. Analyse the impact of Agreement on Agriculture in WTO on Indian agriculture. (200 Words)

  162. Bring out the broad changes in the level of composition and direction of Indian exports and imports since liberalization in India? (200 Words)

  163. How do the Keynesians, monetarist and rational expectations advocate differ in their views with regard to trade-off between inflation and unemployment ? (200 Words)

  164. Do you agree with the view that Keynes General Theory is a special case of the classical theory, obtained by imposing certain restrictive impositions on the latter? Elaborate (300 Words)

  165. Is Gandhi’s economic thought reconcilable with the economic thinking underlying India’s economic development? (200 Words)

  166. Explain Patinkin’s approach to integrate the Value theory and Monetary theory ? (200 Words)

  167. What was the impact of great depression of 1873-1896 on India? (200 Words)

  168. What are the salient differences between Fisher’s equation and Cambridge Equation of money ? Which of these do you prefer and why? (300 Words)

  169. Is the economic planning relevant in the context of globalized economy of India?Elucidate (200 Words)

  170. Explain the IS-LM approach of interest rate determination. Why this approach is considered superior? (200 Words)

  171. “Basically it is British colonialism that has led to economic backwardness and vicious circle of poverty in India”. Critically comment upon the statement by giving factual rationale in the light of state of Indian economy since independence ? (300 Words)

  172. New classical macro-economics not only rejects the demand management policies of Keynes but also the propositions of mainstream monetarist such as Friedman”. Do you agree ?( 200 Words)

  173. Bring out the role of State Finance Commission in India with particular reference to rural economy. (150 Words)

  174. Marginal Productivity theory of income distribution is analytically sound but in real life equally inapplicable. Discuss this statement (200 Words)

  175. Examine the role of indirect taxes in India’s Economic Development. (200 Words)

  176. Explain the conditions under which the optimum tariff is likely to be high or zero? (20 Marks)

  177. Write a detailed note on the import substitution and export promotion strategy of India (60 Marks)

  178. In the contemporary world of perfect capital mobility and fixed exchange rates why is the monetary policy ineffective to maintain equilibrium ? (20 Marks)

  179. Elaborate upon Gandhian versus Nehruvian visions of India’s development. Do you think Gandhian approach is again attracting scholars and the people? Give Reasons. ( 30 Marks)

  180. In the contemporary world of perfect capital mobility and fixed exchange rates why is the monetary policy ineffective to maintain equilibrium ? (20 Marks)

  181. Elaborate upon Gandhian versus Nehruvian visions of India’s development. Do you think Gandhian approach is again attracting scholars and the people? Give Reasons. ( 30 Marks)

  182. Discuss the possibilities of capital formation through use of surplus manpower in developing countries and mention problems involved in it. (60 Marks)

  183. Explain briefly the problem of “knife edge equilibrium” that arises in Harrod Domar Model and show how Solow tries to eliminate it (60 Marks)

  184. Do you agree with the “limits to growth” thesis ? Is it relevant in the context of developing countries ? In this context discuss the concept of sustainable development? (60 Marks)

  185. Carefully analyze the behavioral assumption behind the Harrod proposition that the warranted rate of growth is unstable ? (60 Marks)

  186. Discuss the importance of the small scale sector in the Industrial structure? (200 Words)

  187. Discuss briefly the form of colonial exploitation during British rule in India and comment on its consequences (200 Words)

  188. Discuss the nature and incidence of the problem of rural poverty in India. What suggestion do you offer to solve it? (200 Words)

  189. Examine the role of land reforms on agriculture development in India. What policy measures can quicken the pace in land reforms (60 Marks)

  190. Make out a case for subsidies contributing to achievement of growth with social justice in India? (10 Marks )

  191. What is the role played by basics (wage goods) and non basic goods (luxury goods ) in a model of development for a mixed economy (10 Marks)

  192. Make a critical appraisal of Common Minimum Program (20 Marks)

  193. Write a detailed note on structure and determinant of the rural poverty in India (20 Marks)

  194. Account for the static pattern of occupational distribution of the working population in India. Give suggestion for an alternative model of development which links growth with employment (60 Marks)

  195. Discuss the factors determining the supply of in India. What are the money stock measures of the Reserve Bank of India? (60 Marks)

  196. Examine the impact of WTO on Indian SSI units. Do you think that withdrawal of reservations and other measures would threaten their survival? ( 60 Marks)

  197. What is social banking? To what extent has it helped in promoting employment and alleviating poverty in India? (60 Marks)

  198. Critically examine Myrdal’s thesis on economic development and structural change in the context of the process of economic development of less developed countries. Do you think that the structural changes in these countries are in right direction? Elaborate your answer (60 Marks)

  199. Critically evaluate Kuznet’s inverted U shaped curve hypothesis of income distribution. Does it hold good for less developed countries as well (20 Marks)

  200. What are the main objectives of the SEZ act, 2005. Critically examine the benefits realized and some of the vital criticism as regards SEZs. Would you support the SEZ policy? Justify your answer (60 Marks)

  201. Do you agree with the view that international trade is engine of growth? Elucidate your answer? (20 Marks)