Mains Test Questions –

Q1. What is GDP deflator? Is GDP deflator a good indicator for inflation in India compared to CPI and
WPI? (10 Marks, 150 words)

Q2. It is argued that a fiscal stimulus can help revive the Indian economy and deal with the current
slowdown. Discuss in context of prevalent situation. (10 Marks, 150 words)

Q4. Cooperative Banks in India are in need of urgent reforms addressing their regulatory, structural
and operational issues. Discuss (10Marks, 150 words)

Q4. There is an urgent need for government to shift its focus from subsidies to capital investment in
order to improve the economic situation of farmers in India. Analyse the above statement in light of
recent farmer protests across the country. (10 Marks, 150 words)

Q5. In light of the ongoing COVID-19 crisis and its impact on economy, increase in NPAs of commercial
banks is inevitable. In this context, critically analyse the need for setting up of a bad bank. (15 Marks,
250 words)

Economics by Anupam Jain