Mec-005 Eng

No.
of Printed Pages : 8 MEC-005/MEC-105
MASTER OF ARTS (ECONOMICS)

Term-End Examination
June, 2013
MEC-005/MEC-105 : INDIAN ECONOMICS
POLICY
Time : 3 hours Maximum Marks : 100
Note : Answer the questions as per instructions given for each

section.
SECTION - A
(Long Answer Questions)
Answer any two questions from this section in
2x20=40
about 700 words each :
1. Distinguish between economic growth and

economic development. Give an account of
structural changes in Indian economy since
1990-91 as reflected in changing composition of
GNP and occupational structure.
2. Identify the key reform strategies that have been

followed since 1991. How far the economic
reforms been successful in raising employment
and reducing the poverty level in India ?
MEC-005/MEC-105 1 P.T.O.
3. What do you mean by fiscal imbalances ? Evaluate
the steps taken by the Central Government in
India to correct the fiscal imbalance.
4. Discuss in brief the features of good governance.

Do you think that existing institutional structures
in India have not lead to good governance
outcome ? Give reasons in support of your
answer.
MEC-005/MEC-105 2
SECTION - B
Answer any five questions from this section in
5x12=60
5. State the indicators that cover income and non-
income aspects of poverty. Also comment upon
the statement that "PG index is more useful in
assessing the poverty situation".
6. Explain how declining public investment in

agriculture is a matter of concern ? What are its
implications ?
7. Discuss the importance of forest resources in the

Indian economy.
8. Analyse the rate and pattern of industrial growth

during the last two decades of liberal economic
policy regime. Evaluate the changes in the pattern
of industrial development in India.
9. Examine the prospects and challenges faced by

the service sector in India.
10. "Response of foreign capital to recent policy

initiatives is considered as lukewarm". Make
suggestions to change this trend.
MEC-005/MEC-105 3 P.T.O.
11. Examine the important changes in the structure
of India's foreign trade since 1991. Do you think
that growing openness of Indian economy has
made it more susceptible to external shocks ?
12. Write short notes on any three of the following

(a) Political economy
(b) Human Development Index
(c) Fiscal deficit
(d) Social infrastructure
(e) Working poor
13. What do you mean by inequality in income

distribution ? How are the inequalities of income
measured in an economy ?
MEC-005/MEC-105 4
No. of Printed Pages : 8 MEC-005
June, 2017
MEC-005 : INDIAN ECONOMIC POLICY
Note : Attempt questions from each section as per

instructions given.
SECTION A
Attempt any two questions from this section in about

700 words each. 2x20=40
1. "Indian economy has gradually emerged as a

service dominated economy." Examine the
implications of these trends for widespread
poverty, inequality and unemployment in india.
What types of policy initiatives would you like to
suggest in this regard ?
2. "Economic Policy in India is a purely political

process." In the light of this statement, discuss
the various disappointing outcomes of the poor
implementation of economic policies during the
last ten years.
MEC-005 1 P.T.O.
3. What is the linkage between economic
development and human development ? Do you
think that economic reforms since 1991 onwards
have been successful in meeting India's
challenges in improving human development and
standard of living ? Give reasons.
4. Distinguish between social infrastructure and

economic infrastructure. Examine the different
implementation issues involved in the
development of infrastructure in the Indian
economy.
MEC-005 2
SECTION B
Attempt any five questions from this section in about

5. Give an account of variations in agricultural

productivity in India over time. Which policy
measures would you like to suggest for sustained
and steady growth of agricultural production in
the near future ?
6. Examine the trends in India's balance of

payments since 1990 — 91. What type of export
strategy would you like to advocate for India in
the coming years ?
7. What do you mean by the fiscal imbalance ?

Which steps have been taken by the Central
Government to correct this problem ?
8. "Black economy is one of the major factors for

ineffectiveness of many of our economic policies."
Comment.
9. "An effective delivery system has to ensure

people's participation." In the light of this
statement, examine the role of membership
based organisations in effective delivery of
schemes and programmes.
10. How far has monetary policy been able to fulfil

its objectives ?
MEC-005 3 P.T.O.
11. "The question of Centre-State relations has
become the focal point of discussion for a number
of reasons." Comment.
12. Distinguish between any three of the following :

(a) Fiscal Deficit and Revenue Deficit
(b) Human Development Index and Human
Poverty Index
Foreign Direct Investment and Portfolio
Investment
Finance Commission and Planning
Commission
Economic Growth and Economic
Development
MEC-005
No. of Printed Pages : 4 MEC-005 I
June, 2018
0 MEC-005 : INDIAN ECONOMIC POLICY

Note : Answer the questions as per instructions given for
each section.
SECTION - A
about 700 words each : 2x20=40
1. "India has achieved high rates of growth. But its
slow progress or economic development still calls
for new policy initiatives." Comment.
2. "Although policies relating to globalisation have

made India grow fast on many fronts, it has given
rise to many issues that call for immediate
intervention by the policy-makers." Comment.
3. India's growing population is a matter of concern

for the policy-makers, but more important issue
is the quality of population that should reach the
global benchmark. Do you agree ? Make
suggestions to achieve this goal.
4. "Notwithstanding many changes in the rural

sector, its condition continues to be a constraint
on the rapid growth of the Indian economy."
Critically evaluate the statement.
MEC-005 1 P.T.O.
SECTION - B
5. Skill development is the key to new employment
opportunities. Do you agree ? Make suggestions
in this regard.
6. Suggest measures to increase competitiveness of

Indian industry in the global market-place.
7. Recent slowdown in the Indian economy has

adversely affected government's fiscal situation.
How can this be overcome ?
8. What do you mean by 'inflation-targeting' ? Do

we need to reach zero rate of inflation at present
stage of economic development ? Explain.
9. Distinguish between foreign direct investment

and portfolio investment. Which form of foreign
capital is more suited for Indian economy ?
10. Better governance of the economy can help us

reach quickly the goals of sustainable, inclusive
and rapid growth. Would you advocate a bigger
push to E-governance ?
11. Discuss the effectiveness of recent measures taken

by the government to curb the growth of black
economy in India. Give illustration.
12. Discuss the importance of infrastructure in

economic growth of a country. What measures
will you suggest to promote investment in
infrastructure sector ?
MEC-005 2
December, 2011
00
CO
CT) MEC-005 : INDIAN ECONOMIC POLICY
C\J
C) Time : 3 hours Maximum Marks : 100
Note : Attempt questions from each section as per instructions
given.
SECTION - A
Note : Attempt any two of the following questions
in about 700 words each : 2x20=40
1. State the various forms of privatisation. Critically 20
examine the problems associated with
privatisation in India.
2. "Declining share of agriculture in GDP in India 20

has not been accompanied by corresponding
decline in workforce in agriculture." - comment.
3. Distinguish between Human Development index 20

and human poverty index. India's rank in terms
of GDP per capita has improved but, its relative
rank in HDI has not changed much why ? What
are policy implications ?

MEC-005 1 P.T.O.
4. Distinguish between foreign direct investment 20
and port folio investment. Would you advocate a
policy of encouraging investment by
multinationals in India. Explain with reasons.
MEC-005 2
SECTION - B
Note : Attempt any five questions from this section
5. Examine the consequences of decline of 12

investment in agriculture in India in recent years.
6. Do you think that total factor productivity in 12

post-reform period has declined in India. Explain
with reasons.
7. Distinguish between social infra-structure and 12

economic infra-structure ? Evaluate the policy
towards development of social infrastructure in
India.
8. State in brief the principles of federal finance. 12

How far the centre-state financial relations in
India adhere to these ?
9. "Black economy is one of the major factors 12

responsible for ineffectiveness of many of our
economic policies." Comment.
10. "An effective delivery system has to ensure 12

people's participation." Comment.

MEC-005 3 P.T.O.
11. Make a brief assessment of trade liberalisation 12
policy pursued in India since 1991.
12. Explain any three of the following : 3x4=12

(a) World Trade organisation
(b) Primary deficit
(c) Employment elasticity
(d) Gadgil formula
(e) Second. Generation Reforms
(f) Marginalised sections
MEC-005 4

December, 2014
02818
MEC-005 : INDIAN ECONOMICS POLICY

Note : Attempt questions from each section as per instruction
given.
SECTION - A
Answer any two of the following questions in

about 700 words each. 2x20=40
1. What do you mean by the term "Economic 20

Policy" ? Examine the dynamics of formulation
of economic policies in India. Also, identify the
causes of failures of economic policies in India.
2. What are the various measures of employment 20

and unemployment ? Do you think CDS criterion
is the most inclusive measure of employment ?
Why ?
3. 'Indian agriculture needs more capital investment 20

for a much awaited technological change as a
policy measure' - In the light of this statement what
policy changes would you suggest ?
MEC-005 1 P.T.O.
4. Examine the role of foreign capital in an emerging 20
economy like India. Also examine the suitability
of foreign direct investment in this context.
SECTION - B
Answer any five questions in about 400 words

each. 5x12=60
5. Distinguish between money market and capital 12

market. Examine the role and significance of a
well - developed capital market in the growth
process of an economy.
6. Do you think that decentralisation is better 12

alternative to bureaucracy in effective
implementation of economic policy ? Give
illustration in support of your answer.

(a) Market and non-market incentives
(b) Black economy
(c) Micro Finance Policy
(d) Poverty gap index
(e) Policy towards subsidies on fertilisers
8. What do you mean by foreign exchange 12

reserved ? How are they accumulated ? Explain
with the help of balance of payment statement.
9. Make a critical assessment of industrial policy in 12

India since 1991.
MEC-005 2
10. Critically evaluate the monetary policy of the 12
Reserve Bank of India.
11. What is public distribution system in India ? Has 12

it successfully worked as an instrument of
economic policy in India ? Why or why not ?
12. Distinguish between any three of the following :

(a) Labour Force and Work Force 3x4=12
(b) Organised Labour and Unorganised Labour
(c) Planning Commission and Finance
Commission
(d) Foreign Direct Investment and Portfolio
Investment
(e) Loan and Private Investment
MEC-005 3
December, 2015

instructions given.
SECTION A

1. What do you understand by the structure of

national income ? Examine the principal changes
in the structure of India's national income since
1980s. Do you think that service-dominated
growth profile of Indian economy is sustainable in
the long-run ?
2. What is globalisation ? How far has the

export-led growth strategy followed since 1991
onwards been successful ?
MEC-005 1 P.T.O.
3. What is the distinction between economic
infrastructure and social infrastructure ?
Evaluate the policy towards the development of
economic infrastructure in India.
4. Distinguish between money market and capital

market. Give an account of the development of
capital market since 1991 highlighting the
shortcomings it suffered in the recent past. List
the reforms introduced to overcome these
shortcomings.
MEC-005 2
SECTION B

400 words each. 5x12.60
5. What do you mean by the term 'economic policy' ?

Discuss the various disappointing outcomes of the
poor implementation of economic policy.
6. How can you assess the quality of employment ?

Do you think that quality of employment has
deteriorated in India ? Give reasons in support of
your answer.
7. How far has India benefited from the

membership of IMF ?
8. Distinguish between loans and private investment

as sources of foreign capital. Discuss the different
changes in the government policy towards foreign
capital.
9. What do you mean by 'fiscal imbalances' ?

Examine the steps taken by the Central
government to correct this imbalance.
10. Explain how does black income enhance

consumerism in the society.
11. Distinguish between MBO and NGO. How does

the active intervention of MBOs and NGOs
empower the poor people in demanding the
effective delivery of services from the State ?
MEC-005 3 P.T.O.
12. Explain any three of the following :
(a) Market Failures
(b) Inter-State Council
(c) Primary Deficit
(d) Portfolio Investment
(e) Human Development Index
(f) Industrial Diversification
MEC-005 4

June, 2014

Note : Attempt the number of questions as per instructions
given in each section.
SECTION A
Attempt any two of the following questions in about
1. Examine the two-way relationship between
population and economic growth. In the
prevailing demographic situation in India,
suggest policy measures to make human
resources a better and positive factor in
economic development.
2. As India increasingly emerges in the ongoing
process of globalisation, India's external sector
policy as well as domestic policies are
replacing the import-substitution strategy by
export-promotion strategy. Make a brief
assessment of these policy changes.
MEC-005 t P.T.O.
3. Critically evaluate the industrial policy reforms
introduced during the last two decades. Do you
think that total factor productivity has declined
in the post-reform period ? Outline an agenda for
policy reforms in the changing global
environment.
4. Do you think that decentralization is a better

alternative to bureaucracy in effective
implementation of economic policy ? Give
illustration in support of your answer.
MEC-005 2
SECTION B
Attempt any five of the following questions in about
5. Point out the various supervisory functions of
SERI.
6. "The current agricultural situation in India

reflects more the limitations and failure of
agricultural policy rather than obtaining
domestic or international environment." Do you
agree or not ? Give arguments in support of your
answer.
7. Identify the major issues in Union-State

financial relations.
8. Explain any three of the following 3x4=12
(a) Gadgil formula
(b) Appropriation bill
(c) Balance of payments
(d) Tax evasion
(e) Role and significance of agricultural
investment
(0 Subsidies as a policy
9. "In the fast changing global environment, India's

policy towards public sector enterprises needs to
be re-visited." — Comment.
MEC-005 3 P.T.O.
10. What measures have been e initiated by the
States to remove and reduce their fiscal
imbalances ?
11. Explain the distinction between direct and
indirect instruments of monetary policy.
12. Differentiate between any three of the
following : 3x4=12
(a) Membership based organisation and
Non-governmental organisation.
(b) Horizontal imbalances and Vertical
imbalances
(c) Greenfield investment and Take-over by
MNCs.
(d) Public debt and National debt
(e) Corporate farming and Contract farming
MEC-005
June, 2015
73 2 2 El
o

instructions given.
SECTION A

700 words each. 2 x 20=40
1. Evaluate India's performance in terms of economic

growth since 1951. Identify the factors responsible
for changes in the composition of GDP.
2. What is inequality ? How is inequality of income

measured ? Examine the policy implications of
inequality for widespread problem of poverty and
unemployment.
MEC-005 1 P.T.O.
3. "Agricultural sector continues to be the backbone
of the Indian economy." — In the light of this
statement, discuss the important issues and
concerns of Indian agriculture.
4. What do you mean by fiscal federalism ? Discuss

the important issues involved in fiscal
federalism. Examine the recommendations made
by different finance commissions towards
tackling these issues.
MEC-005
SECTION B

400 words each. 5x 12=60
5. "Economic policy in India is purely a political

process." Comment.
6. Explain the concept of 'window of demographic

opportunity'. How far is India in a position to
derive the demographic dividend ?
7. Distinguish between work force and labour force.

Discuss the various dimensions of unemployment
in India.
8. Examine the important changes observed in the

structure of India's foreign trade during the last
20 years. State the implications of these changes.
9. What do you mean by fiscal imbalances ?

Evaluate the different measures taken by the
State governments to correct the fiscal
imbalances.
10. What is 'Black Economy' ? Explain the roots,

processes and interconnections of black economy.
11. Explain how the pressure groups and grassroot

level organisations can play a crucial role in
effective implementation of government policies.
MEC-005 3 P.T.O.
(a) Consumerism
(b) Composition of service sector in India
(c) Greenfield Investment
(d) Human Poverty
(e) Conditionality
(f) Total Factor Productivity
MEC-005 4
No. of Printed Pages : 6 I MEC-005 I
03842
June, 2016

each question.
SECTION - A
1. "Though the reforms in economic policy have

been proceeding at a relatively slow pace, they
are addressing the ills of the economy in a more
fundamental manner." Explain the statement.
Also suggest measures to accelerate the pace of
change.
2. "A great window of demographic opportunity

has opened up for India. It is for India to take
advantage of it". Suggest policy initiatives to this
end.
3. What are Multi - National Corporations ? Explain

their role in the growth of Indian economy since
1991. State the different changes in the
government policy towards foreign capital.
MEC-005 1 P.T.O.
4. "Monetary policy alone cannot be effective. It
has to work along with suitable fiscal policy."
Examine this statement in light of India's
experience with growth, inflation and
unemployment since 1990s.
SECTION - B
5. Examine the changing share of factor incomes in

India's GDP and growing inequalities in the
Indian economy.
6. What changes have taken place in the role of state

in the process of liberalisation ?
7. Discuss the implications arising out of

agricultural price policy.
8. State the important WTO agreements. How has

India benefited from these agreements ?
9. What do you mean by Public Private Partnership

(PPP) ? Evaluate its role in infrastructure
investment in the Indian economy.
10. What do you mean by fiscal federalism ? How

far the centre - state financial relations adhere
to the principles of federal finance ?
MEC-005 2
11. What do you mean by parallel economy ? How
does it function ? Suggest policy initiatives to
bring it under control.
12. "Inclusive growth calls for both quantitative and

qualitative expansion in the role of local bodies,
especially Panchayati Raj Institutions." Examine
this statement.
13. Evaluate the available delivery mechanism for

implementation of economic policies in India.
MEC-005 3
+
No. of Printed Pages : 8 NEC-005]
cc,
June, 2011
CI
MEC-005 : INDIAN ECONOMIC: POLICY
Time : 3 hours Maxinioni Marks : 100
Note : Attempt questions from each section as per instructions
SECTION-A
Answer any two of the following questions in
1. Why is it necessary to study the structure of 20
national income of a country ? Examine the
structural changes in India's national income since
1970-71. Examine implications of these changes
for poverty and unemployment in India.
2. State the different major constituents of economic 20

reforms. Are they linked to each other 1 Critically
examine the impact of economic reforms.
3. Distinguish between foreign direct investment 20

and portfolio investment as sources of private
foreign capital. Critically examine the
government policy towards foreign capital.
MEC-005 1 P.T.O.
4. What do you mean by fiscal imbalance ? Give an 20
overview of the fiscal imbalance observed in the
central government finances in India since
1990-91. Examine the steps taken to correct this
situation.
MEC-005 2
SECTION - B
Answer any five questions in about 400 words
each. 5x12=60
5. State the various dimensions of shrinking land .12

base and declining access to land in India. How
far the policy measures taken by the government
have been effective in this regard ?
6. What do you mean by social infrastructure ? State 12

its important constituents. Also examine the
importance of the health sector in human capital
formation in India.
7. Discuss the different constituents of money 12

market in India.
8. Explain how does black income enhance 12

consumerism in India.
9. Do you think that bureaucratic hurdles are 12

responsible for poor implementation of economic
policies in India ? Give reasons in support of your
answer.
10. State the functions of International monetary 12

fund. How far has India benefited from its
membership ?
MEC-005 3 P.T.O.
11. State the principle instruments of macro economic 12
policy.

(a) Contract farming
(b) Primary deficit
(c) Gadgil formula
(d) Disinvestment
(e) Industrial diversification
(f) Human Development index.
MEC-005 4
No. of Printed Pages : 4 I MEC-005
c-Nt Term-End Examination
December, 2018

Note : Anszver the questions as per instructions given in each
section.
SECTION - A
1. Distinguish between 'economic growth' and
'economic development'. Discuss the key policy
measures to promote social and economic
development in the country.
2. Suggest policy initiatives to make growing

population as an instrument of inclusive growth
in India.
3. Identify the constraints from which the

agricultural sector suffers in India. Also suggest
policy initiatives to overcome them.
4. Critically examine India's trade policy. What new

policy initiatives need be taken in this sector ?
SECTION - B
Attempt any five questions from this section in
5. State the magnitude of Pov\erty in India. Also
examine the Policy measure and programmes
aimed at poverty alleviation.
MEC-005 1 P.T.O.
6. Examine the role of infrastructure in economic
development of a country. What policy initiatives
would you suggest to promote infrastructure in
India ?
7. Discuss the importance of micro and medium

industries in the Indian economy. What policy
measures would you. Suggest to promote these
industries ?
8. Indian industry suffers from low productivity and

lack of competitiveness. Suggest policy initiatives
to overcome this limitation.
9. Removal of unemployment calls for an integrated

development policy. Do you agree ? What should
be the components of such a policy ?
10. Weak governance lies as the root of various

deficiencies of the Indian economy. Comrnent
and suggest measures to overcome them.
Illustrate.
11. India has gained substantially from its

membership of World Trade Organisation. But
there are still some critical international issues that
need to be resolved. Discuss.
12. Monetary policy and Fiscal policy need to work

in harmony with each other. Comment on this
statement in the context of recent development
experience.
MEC-005 2

December, 2017 00575

Note : Attempt the number of questions as per instructions
given in each section.
SECTION - A
Attempt any two questions from this section in

1. Distinguish between economic growth and
economic development, on the basis of accepted
yardsticks, evaluate India's growth performance
since 1980s. Suggest measures to accelerate the
rate of economic growth.
2. Distinguish between work force and labour force.

Explain the various dimensions of deterioration
in the quality of employment in India. Suggest
policy measures for improvement in the
quality of employment ?
3. Account for regional disparities in the growth of

infrastructure stocks in India. How has it
adversely affected the growth process ?
MEC-005 1 P.T.O.
4. Critically examine the overall performance and
contribution of small scale industry sector in terms
of its growth, production and exports. Do you
think that protection of small scale industries is
still justified ? Give reasons in support of your
answer.
SECTION - B

5. Discuss the essential features of policy framework

adopted in India during the era of planned
growth in India ? Do you think that in the wake
of economic reforms, there is a need to reexamine
the role and function of planning commission.
6. What are the different constituents of money

market in India ? Discuss the mechanism of RBI
intervention in the money market.
7. Examine the important changes that have taken

place in the structure of India's foreign trade since
1990-91. Do these changes reflect changes in the
growth process of the Indian economy ?
8. 'The fiscal position of the government both centre

and states has been under stress in recent
decades'. Comment.
9. How does slow growth in manufacturing sector

adversely affect the growth in the agricultural and
service sector of the economy ?
MEC-005 2
10. Identify the bureaucratic problems encountered
as hurdle in the implementation of economic
policies. Suggest reforms to remove these hurdles.
11. State in brief the principles of federal finance.

How far the centre state financial relations in India
adhere to these principles.

(a) Performance Budget
(b) • Market failures
(c) Gender equality Index
(d) Demographic Dividend
(e) Instruments of Monetary Policy
MEC-005 3
December, 2012

section.
SECTION -A
1. Examine the rationale for undertaking
comprehensive state intervention in economic
activity under planning. Outline the ways of
harmonising private decision -making with public
planning in a mixed economy.
2. Discuss the relative merits of the following policy

measures for alleviating poverty in India :
(a) Moving the poor into more productive and
remunerative wage employment.
(b) Providing assets and necessary training for
more productive self-employment.
MEC-005 1 P.T.O.
3. "The sluggishness in the growth of
agricultural sector in the recent years is largely
attributable to the steep decline in capital
formation in the sector." Examine the
statement.
4. What do you mean by E-Governance ? Discuss

the components of an effective E-Governance
infrastructure.
MEC-005 2
SECTION -B
(Medium Answer Questions)
Answer any five questions from this section
5. Make a critical assessment of the New Economic

Policy keeping in view both the short-term and
long-term objectives of economic development.
6. Explain what do you understand by Fiscal

equity. Distinguish between horizontal equity and
vertical equity .
7. What do you mean by current account deficits in

balance of payments ? How are these deficits
financed ?
8. What do you mean by inequality ? How are the

inequalities of income measured in an economy ?
Also state the different indicators that cover
inequality in non-income aspects of life.
9. What do you mean by Social infrastructure ?

What are its important components ? Make an
assessment of the growth of social infrastructure
sector in the Indian economy.
MEC-005 3 P.T.O.
10. What is Finance Commission ? How is it different
from the Planning Commission ? Make an
evaluation of the recommendations of the Twelfth
Finance Commission.
11. Discuss the concept and features of bureaucracy.

Also examine the role and significance of
bureaucracy in the development process.
12. "Population growth is not a cause but a result of

poverty". Do you agree ? Explain in the light of
India's experience in this regard.
MEC-005 4
No. of Printed Pages : 6 MEC-005/MEC-105

05583
December, 2013
MEC-005/MEC-105 : INDIAN ECONOMICS
POLICY
section.
SECTION - A

2x20=40
1. "The sequence of the growth process in India is
different from what most of the other countries
experienced during the transition from a
developing to a developed nation" Examine this
statement and account for the causes of rapid
growth of tertiary sector in India.
2. India's integration with the rest of the world has

been on gradual rise especially since 1991" Do
you agree with this statement ? Why or why
not ?
3. "The relation between population and economic

development is a two sided relationship". In the
light of Indian experience since 1951. Examine this
statement.
MEC-005/MEC-105 1 P.T.O.
4. State the various forms of state intervention. In
the light of globalisation measures adopted in
India since 1991, analyse the changing nature of
the role of the state in India.
SECTION - B
5. What do you mean by in equality in income

distribution ? Explain the policy implications of
wide spread poverty and inequality in India.
6. What do you mean by sustainable

development ? Suggest policy measures to protect
environment and promotion of sustainable
development.
7. Distinguish between any three of the

followings :
(a) MBOs (Membership Based Organisation)
and NGOs (Non-Government
Organisations)
(b) Finance commission and planning
commission.
(c) Fiscal deficit and primary deficit.
(d) Foreign Direct Investment and Portfolio
Investment.
(e) Social infra structure and physical infra
structure.
8. Explain the concept of food security ? Evaluate

the various measures adopted by the government
MEC-005/MEC-105 2
of India to promote food security.
9. Explain the rationale for a comprehensive price
policy for agricultural products in India. How far
the agricultural price policy has been successful
in achieving the stated goals ?
10. State in brief the features of government policy

towards small scale industry.
11. Explain the significance of infrastructure sector

in the growth process of an economy ? Also
examine in brief the policy measures that have
been taken to promote private investment in the
road sector in India.
12. To what extent MGNREGA has been successful

as a protective measure of employment security ?
13. Distinguish between labour force and work force.

Examine the various dimensions of Deterioration
in the quality of employment.
MEC-005/MEC-105 3

December, 2016 0 1 3 9

each question.
SECTION - A

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-005 1 P.T.O.
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)
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
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

C\.11
CY) Term-End Examination
CO June, 2012
O
section
SECTION - A
(Long Artiver Questions)
1. " The overall performance of public sector
enterprises (PSEs) in India has been a mixed bag."
Substantiate the above statement.
2. Discuss briefly the foreign investment policy in

India in the post-reforms period i.e.1991
on words India ? Also examine the response of
foreign capital to these policy changes.
3. Explain how income-inequality, poverty and

unemployment are inter-related ? What measures
have been taken by the government to tackle the
problem of poverty in India ?
MEC-005 1 P.T.O.
4. What do you mean by 'second generation
reforms' ? What should be their objectives ?
Outline the measures that need be adopted as part
of second generation reforms.
MEC-005
SECTION - B
(Medium Answer Question)
5. "The black economy is among the major factors

for the ineffectiveness of many of our economic
policies". Elaborate.
6. What do you mean by E-Governance ? Examine

the components of an efficient E-governance
inftrastructure.
7. What is social security ? List the various measures

for social security adopted by the government of
India .
8. What are the principles of fiscal federalism ? How

does finance commission follow these principles
in its recommendations ?
9. "Declining share of agriculture in GDP has not

been accompanied by commensurate decline in
workforce in agriculture". Comment.
10. Explain how does inadequate availability of

infrastructure retard economic growth ? Suggest
measures to raise infrastructure in the economy.
MEC-005 3 P.T.O.
11. "Conduct of monetary policy in India has
undergone a sea change following reforms in the
financial sector. Apart from changes in objectives
and targets, there has been a gradual shift from
direct instruments to indirect instruments".
Examine the statement .
12. State the importance of capability poverty index.

How does it differ from human development
index ?
13. " While corporate management is becoming

increasingly systematised and is scaling new and
newer heights, the issues governing the
management of agriculture have continued to
persist " Examine these issues.
MEC-005 4

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of Printed Pages : 8 MEC-005/MEC-105

MASTER OF ARTS (ECONOMICS)

Note : Answer the questions as per instructions given for each

1. Distinguish between economic growth and

2. Identify the key reform strategies that have been

4. Discuss in brief the features of good governance.

6. Explain how declining public investment in

7. Discuss the importance of forest resources in the

8. Analyse the rate and pattern of industrial growth

9. Examine the prospects and challenges faced by

10. "Response of foreign capital to recent policy

12. Write short notes on any three of the following

13. What do you mean by inequality in income

MEC-005 : INDIAN ECONOMIC POLICY

Time : 3 hours Maximum Marks : 100

Note : Attempt questions from each section as per

Attempt any two questions from this section in about

1. "Indian economy has gradually emerged as a

2. "Economic Policy in India is a purely political

4. Distinguish between social infrastructure and

Attempt any five questions from this section in about

5. Give an account of variations in agricultural

6. Examine the trends in India's balance of

7. What do you mean by the fiscal imbalance ?

8. "Black economy is one of the major factors for

9. "An effective delivery system has to ensure

10. How far has monetary policy been able to fulfil

12. Distinguish between any three of the following :

0 MEC-005 : INDIAN ECONOMIC POLICY

Time : 3 hours Maximum Marks : 100

2. "Although policies relating to globalisation have

3. India's growing population is a matter of concern

4. "Notwithstanding many changes in the rural

6. Suggest measures to increase competitiveness of

7. Recent slowdown in the Indian economy has

8. What do you mean by 'inflation-targeting' ? Do

9. Distinguish between foreign direct investment

10. Better governance of the economy can help us

11. Discuss the effectiveness of recent measures taken

12. Discuss the importance of infrastructure in

MASTER OF ARTS (ECONOMICS)

2. "Declining share of agriculture in GDP in India 20

3. Distinguish between Human Development index 20

5. Examine the consequences of decline of 12

6. Do you think that total factor productivity in 12

7. Distinguish between social infra-structure and 12

8. State in brief the principles of federal finance. 12

9. "Black economy is one of the major factors 12

10. "An effective delivery system has to ensure 12

12. Explain any three of the following : 3x4=12

MASTER OF ARTS (ECONOMICS)

MEC-005 : INDIAN ECONOMICS POLICY

Time : 3 hours Maximum Marks : 100

Answer any two of the following questions in

1. What do you mean by the term "Economic 20

2. What are the various measures of employment 20

3. 'Indian agriculture needs more capital investment 20

Answer any five questions in about 400 words

5. Distinguish between money market and capital 12

6. Do you think that decentralisation is better 12

7. Explain any three of the following : 3x4=12

8. What do you mean by foreign exchange 12