[2] MEC-105

3. Examine the concept of and need for

No. of Printed Pages : 7 MEC-105 infrastructure. Also evaluate the growth of
economic and social infrastructure in India.
M. A. (ECONOMICS) (MEC)
4. “The slow growth in Indian industry has pulled
Term-End Examination down overall growth in the Indian economy.”

June, 2021 Examine the statement and suggest measures

to remove this obstacle.
MEC-105 : INDIAN ECONOMIC POLICY
Section—B
Time : 3 Hours Maximum Marks : 100
Note : Attempt any five questions from this Section

Note : Attempt questions from each Section as per in about 400 words each. 12 each

instructions given. 5. Agriculture and rural economy is in distress for

some time now. How can this obstacle to growth
Section—A be removed ?

Note : Attempt any two questions from this Section 6. Continuously falling price line is becoming a
in about 700 words each. 20 each critical issue for policy-makers in India. Why ?

1. Discuss globalisation as a part of India’s reform
strategy. How has the economy progressed
towards globalisation since 1991 ?
2. Explain the structural changes that normally
take place in an economy during the process of
transformation from a developing to a
developed economy. Are these changes reflected
in the Indian economy ? Illustrate.
7. What is the importance of allied activities in
Indian agriculture ? Discuss the role of Dairy
and Poultry farming in this context.
8. “Good governance is the key to socio-economic
development in the country.” Comment and
examine the role of new IT tools in good
governance.

P. T. O.
 [3] MEC-105 [4] MEC-105

9. Distinguish between the following : MEC-105

(a) Capital Market and Money Market

(b) Role of the State and Market in Economy dyk fu".kkr (vFkZ'kkÏ) (,e- bZ- lh-)
(c) Deflation and Disinflation
l=kkar ijh{kk

10. How are inequality, poverty and unemployment

twu] 2021
interrelated ? Explain.
,e-bZ-lh--105 % Hkkjrh; vkfFkZd uhfr
11. Examine the concept of balance of payments.
Account for the worsening balance of payment le; % 3 ?k.Vs vf/dre vad % 100
of India in recent years.

uksV % izR;sd Hkkx ls funsZ'kkuqlkj iz'uksa ds mÙkj fyf[k,A

12. “For the philosophy of balanced regional growth
to be a success, it is important that special
Hkkxµd
attention is paid to the requirement of weaker
states in India.” Elaborate.
uksV % bl Hkkx ls fdUgha nks iz'uksa ds mÙkj nhft,A 'kCn&
lhek 700 izR;sdA izR;sd 20

1- Hkkjr dh vkfFkZd lq/kj ;qfDr ds Hkkx ds :i esa

oS'ohdj.k ij ppkZ dhft,A o"kZ 1991 ls ns'k dh
vFkZO;oLFkk us oS'ohdj.k dh vksj dSls izxfr dh
gS \
P. T. O.
 [2] MEC-105

2. Examine the rate and pattern of industrial

No. of Printed Pages : 8 MEC-105
growth in India during last two decades of liberal

M. A. (ECONOMICS) (MEC) economic policy regime. Make suggestions for

accelerating industrial growth in post-planning
Term-End Examination
era.
June, 2020
3. What do you mean by inequality in income and
MEC-105 : INDIAN ECONOMIC POLICY
wealth distribution ? How are the inequalities
Time : 3 Hours Maximum Marks : 100
measured ? Examine the policy implications of
Note : Attempt questions from each Section as per wide-spread inequalities in India.
instructions given.
4. Explain the concept of rational price policy for

Section—A agricultural produce. Outline the policy

Note : Attempt any two questions from this Section
in about 700 words each. 20 each
1. Distinguish between economic growth and
economic development, • highlighting the
important constituents of economic development.
Also account for the important changes in the
composition of India's GDP since 1990.
mechanism that balances the interests of both
producers and consumers.
Section—B
Note : Attempt any five questions from this Section
in about 400 words each. 12 each
5. Define the term Fiscal Imbalance. Discuss the
recent policy initiative taken by the government
to correct this situation in India.

P. T. O.
 S [4] ,t MEG-105
3 MEC-105
12. Explain any three of the following :
6. Distinguish between foreign direct investment
(i) Transmission mechanism of monetary
and foreign portfolio investment. Account for the
policy
growing volatility in foreign portfolio investment
in India. NITI Aayog

7. State the constituents of food security. Evaluate (iii) Projectionism

the various measures adopted by the Govt. of
(iv) Social Sector
India in this regard.
(v) Demographic Dividend
8. Discuss the political economy as a distinct
approach to the study of economy.

9. Do you agree that the existing institutional

structure in India has not led to good governance
outcome ? Give reasons in support of your
answer.

10. "Recent structural institutional transformation is

the key to the case of doing business in India."
Elaborate.

11. Distinguish between farm and non-farm services.

Point out the importance of both these for
increasing agricultural production and
productivity.

P. T. 0.
No. of Printed Pages : 6 MEC-105 SECTION B

MASTER OF ARTS (ECONOMICS)

Attempt any five questions from this section in about
Term-End Examination
400 words each. 512=60
February, 2021
5. What do you mean by the term ‘Monetary Policy
MEC-105 : INDIAN ECONOMIC POLICY Framework’ ? Examine the operating procedure of
Time : 3 hours Maximum Marks : 100 monetary policy followed since 1990.
Note : Attempt questions from each section as per
instructions given. 6. Explain the important issues which are crucial
and hence need to be addressed in India’s trade
SECTION A
policy.
Attempt any two questions from this section in about
700 words each. 220=40
7. What is the distinction between ‘social security’
1. Examine the major structural changes that have
taken place in Indian economy since 1990 – 91. and ‘social protection’ ? Why has social
Account for the rapid growth in the tertiary protection become the need of the hour ?
sector in Indian economy. Do you think that
services sector led growth is sustainable ?
8. Critically examine the ongoing process of economic
2. ‘‘There are two dimensions of current crises in
Indian agriculture : agricultural and agrarian.’’ reforms in the political economy framework.
Comment. What suggestions would you make for
sustainable growth of agriculture ? 9. How far have the development policies and
3. Explain the economic and non-economic programmes been people-centric ? To what
measures of poverty. What are the policy
extent have the benefits of economic
implications of widespread poverty in India ?
Outline policy guidelines for eradication of programmes flowed to intended beneficiaries ?
poverty.
4. ‘‘Rapid industrialisation and diversification of 10. ‘‘Relationship between the State and market
the industrial structure have been the twin needs to be highly supportive and
objectives of industrial policy in India.’’
non-antagonist.’’ Comment.
Comment.
MEC-105 1 P.T.O. MEC-105 2
11. Distinguish between farm and non-farm
services. Point out the importance of both these
services for increasing farmers’ income.

12. Explain any three of the following :

(a) Monetary Policy Lags

(b) Fiscal Deficit and its Implications

(c) Good Governance

(d) Demographic Dividend

(e) Bio-diversity

MEC-105 3 P.T.O.
 9 64493
[2] MEC-105

No. of Printed Pages : 8 MEC-105 2. Evaluate the contribution of India's tertiary

sector to GDP and employment and identify the

reasons behind the gap between the two.

MASTER OF ARTS (ECONOMICS)
(MEC) 3. Evaluate the impact of India's economic
Term-End Examination reforms on its external sector. How can
December, 2019
campaigns like 'Make in India' revive India's
MEC-105 : INDIAN ECONOMIC POLICY
external trade ?
Time : 3 Hours Maximum Marks : 100
4. What are the indicators of quality of
Note : Attempt questions from each Section as per
instructions. employment ? Has it improved or deteriorated

Section—A over a period of time in India ? Give reasons.

Note :Attempt any two questions from the Section—B

following in about 700 words each.
Note : Attempt any five of the following questions in
2 x 20 = 40
about 300 words each : 5 x 12 = 60

"A marketing revolution needs to precede the

5.
second Green Revolution." Give reasons in
support of your answer. Examine the feasibility
of recent initiative in this context.
537 (B-21) P. T. 0.
State in brief the principal components of the
second generation reforms in India. How have
these affected India's service sector ?
(B-21)
 3 MEC-105 [4] MEC-105

6. Evaluate the impact of India's economic
reforms on human development. Is human
development better in states with high State
Domestic Product (SDP) ?
7. Examine the recent policy initiatives taken by
India towards inclusive growth.
11. Evaluate the usefulness of the recent policy
initiatives in the area of e-governance.
12. In the light of the rising environmental
concerns across India, briefly evaluate the
problems of : 3x4=12
(a) Food security

8. How resilient India has been to external

(b) Global water crisis
shocks ? Comment on the implications of open
(c) Energy security
capital markets in India.

9. Evaluate the extent and magnitude of

inequalities of income in India relating to

wealth distribution and consumption

expenditure.

10. How foreign trade contributes to economic

development of a country ? Why is the analysis

of 'direction' of foreign trade considered

important ?

(B-21) P. T. 0. (B-21)
No. of Printed Pages : 6 MEC-105 4. Monetary policy is always faced with a choice
between three, often conflicting objectives,
MASTER OF ARTS (ECONOMICS) specially in a fast-emerging economy like India.
Explain. Also make suggestions to make monetary
Term-End Examination policy more effective.
December, 2014 04 -)88
SECTION - B
MEC-105 : INDIAN ECONOMICS POLICY Answer any five questions from this section in
about 400 words each. 5x12=60
Time : 3 hours Maximum Marks : 100 5. 'Manufacturing sector, generally is capable of
Note : Answer the questions as per the instructions in each generating new job opportunities'. Is it true for
India also ? Justify your answer.
section.
6. Rapid economic growth makes increasing
SECTION - A demand on infrastructure sector. Who should
bear the burden of financing infrastructure
Answer any two questions in about 700 words programmes in an emerging economy like
each : 2x20=40 India ?

1. 7. 'Indian agriculture suffers from inadequate

India has, by and large failed to gain so far from
the 'Window of Demographic Opportunity'. Do
you agree ? What policy Changes would you
suggest in this connection ?
2. Indian industry, at the present stage of
development, is faced with serious shortage of
natural resources like land, water and minerals.
Suggest policy measures to overcome these
limitations.
capital formation'. Do you agree ? What needs
to be done ?
8. What do you mean by 'food security' ? Do you
think adequate policy measures have been taken
in India to achieve this objective ?
9. India's export basket is rapidly changing. But the
real weakness is slow growth of high-tech exports.
Elaborate.

3. 'Rapid economic growth is a necessary but not 10. Is the rising current account deficit and fiscal
sufficient condition for removal of poverty in deficit in an emerging economy a blessing or a
India'. Do you agree ? Outline the policy curse ? Justify your answer and suggest a suitable
framework adopted in India in this context. policy framework.

MEC-105 1 P.T.O. MEC-105

11. Growing perception of corruption is hitting at the CI 26
roots of growth. Suggest policy measures that can
promote good governance. No. of Printed Pages : 4 MEC-105

MASTER OF ARTS (ECONOMICS)

12. The process of liberalisation, privatisation and
globalisation has got stalled in India under the Term-End Examination
pressure of both domestic and international factor.
December, 2015
Explain.

MEC-105 : INDIAN ECONOMIC POLICY

Time : 3 hours Maximum Marks : 100
Note : Attempt questions from each section as per
instructions given.

SECTION A
Attempt any two of the following questions in about
700 words each. 2x20=40

1. What has been the pattern of growth in

employment in recent years ? Suggest a suitable
employment policy framework for promoting
employment in. India.

2. Explain how the political economy of India has

undergone a transition since the colonial times.

3. What are the 'structural bottlenecks' in India's

fiscal policy formulation ? Suggest policy
measures to remove them.

4. 'Foreign capital aids the process of economic

growth.' Do you agree ? Explain in the context of
India's growth experience and also outline the
new trends in foreign investment.
MEC-105 3

MEC-1 05 1 P.T.O.
 SECTION B
No. of Printed Pages : 8 MEC-105
Attempt any five of the following questions in about
400 words each. 5x12=60
MASTER OF ARTS (ECONOMICS)
5. How can inclusive growth be an answer to India's
0E51 .12 Term-End Examination
inequality problem ? Suggest few measures for
inclusive growth. June, 2014

6. Does India have balanced industrial

MEC-105 : INDIAN ECONOMIC POLICY
development ? How can regional disparities be
reduced ? Time : 3 hours Maximum Marks : 100

7. The recent Human Development Report indicates Note : Attempt the number of questions as per instructions
stagnation of India's HDI ranking. Comment on given in each section.
the recent trends and underlying causes of the
same. SECTION A

8. What are external shocks ? How vulnerable has

the Indian economy been to them ?
9. What is the rationale for RBI's intervention in
India's money market ?
10. Briefly discuss the factors leading to and
implications of inter-state disparity in fiscal
capacities.
11. What is the role of e-governance as an ingredient
of good governance in India ?
12. Can the challenges posing Indian agriculture be
transformed into opportunities for further
growth ? Suggest a framework for revitalising
Indian agriculture.
Attempt any two of the following questions in about
700 words each. 2x20=40
1. "China has recently revised its national
population policy from 'one-child norm' to
`two children per couple'. Discuss the need for
such a policy change in the context of an
emerging economy. Should India's population
policy be redrawn now ?
2. "The real bane of the Indian economic policy in
the present times is inadequate initiative for
growth in the manufacturing sector." Do you
agree ? Suggest a suitable policy framework.
P.T.O.
MEC-105 1

MEC-105 2
3. "Inclusive growth can be achieved only if a
complete basket of human rights are
constitutionally guaranteed." In the context of
this statement,
(i) what is inclusive growth ?
(ii) what are these human rights ?
(iii) trace the steps taken by Indian policy-
makers.
4. Monetary policy cannot be framed independently
of the fiscal policy, because there may be
inherent conflicts in two sets of policy. In the
light of this statement,
(i) discuss in brief the transmission mechanism
of monetary policy and fiscal policy.
(ii) identify the areas of policy-conflict.
MEC-105 2 MEC-1 05
SECTION B
Attempt any five of the following in about 400 words
each. 5x12=60
5. "India's pattern of growth is different than what
happened in the rest-of-the-world ?" Do you
agree ? Suggest in brief a policy framework for
the future.
6. What do you mean by 'sustainable growth' ? In
this context present in brief a suitable
framework of policy for land, water and mineral
resources.
7. Inadequate infrastructure is posing a serious
challenge to speed up economic growth in India.
Suggest a suitable policy framework to
encourage investment in this sector.
8. The proportion of workforce engaged in
agriculture has fallen dramatically during the
last two decades. Suggest suitable policy
measures to encourage this trend.
9. What do you mean by 'current account deficit'
(CAD) in balance of payments ? How is it
financed ? Should government policy aim at Zero
CAD ?
10. Inflow of foreign capital is not simply a shower
of nectar from abroad. Explain and also suggest
in brief a suitable policy framework.
3 P.T.O.
 No. of Printed Pages : 4 MEC-105
11. In wake of the recent global crisis, why are the
MASTER OF ARTS (ECONOMICS)
developed countries moving away from
multilateralism to regional groupings ? What
Term-End Examination
role is expected of the WTO ?
n •.;) SEi June, 2015
12. What do you mean by good governance ? Discuss MEC-105 : INDIAN ECONOMIC POLICY
its importance in a fast emerging economy like
Time : 3 hours Maximum Marks : 100
India in context of developments during the last
Note : Attempt questions from each section as per
two decades.
instructions given.

SECTION A
Attempt any two of the following questions in about
700 words each. 2 x 20=40
1. "If agriculture prospers, India survives." In the
light of this statement, explain the current
issues in agricultural sector. Also suggest policy
instruments which need to be adopted to deal
with them.
2. What are the implications of a rise in
unorganised sector employment for a developing
country like India ? Has the employment quality
improved after economic reforms ?
3. " 'Continuity with change' has been the
underlying philosophy of India's economic
reforms." Discuss how far economic reforms have
affected regional disparities in the country.
4. "Social protection system can play an important
role in mitigating poverty and inequality through
redistribution." Do you agree that India has an
effective social protection mechanism to do the
same ?

MEC-105 4
MEC-105 1 P.T.O.

SECTION B
Attempt any five of the following questions in about
400 words each. 5x 12=60
5. How has corruption affected governance in India ?
6. Outline the measures in India's recent trade
policies which have helped reduce export
pessimism.
7. What are the causes and implications of fast
expansion in India's service sector ?
8. Evaluate India's population policy.
9. "A stock market is a barometer of economic
growth." Do you agree ? Briefly explain the
ingredients of stock market reforms.
10. How far has the Finance Commission dealt with
the challenges posed to fiscal federalism ?
11. Define the term 'social infrastructure'. How
is it different from economic infrastructure ? Also
examine its pace of development in India.
12. Outline the demographic profile of India. Analyse
whether India is equipped to get advantage of the
"window of demographic opportunity".
MEC-105 2
No. of Printed Pages : 6 IMEC-1051
MASTER OF ARTS (ECONOMICS)
Term-End Examination
June, 2016
058 7 2
MEC-105 : INDIAN ECONOMIC POLICY
Time : 3 hours Maximum Marks : 100
Note : Attempt questions front each section as per instructions
given.
SECTION - A
Attempt any two of the following questions in
about 700 words each. 2x20=40
1. Discuss in brief the features of good governance.
Do you think that existing institutional structures
in India have not led to good governance outcome ?
Give reasons in support of your answer.
2. Monetary policy cannot be framed independently
of the fiscal policy, because there may be inherent
conflicts in two sets of policy. In the light of this
statement,
(a) discuss in brief the transmission mechanism
of monetary policy and fiscal policy.
(b) identify the areas of policy-conflict.
3. Allocation of land, minerals, gas and spectrum
etc. is emerging as a serious issue of debate in
Indian economic policy. Review the essential
features of the government policy in this context.
MEC-105 1 P.T.O.
4. In wake of global crisis, India's external sector is
increasingly been encircled by protectionist
policies being practised by the developed
countries. What should be India's policy to meet
this challenge ?
SECTION - B
Attempt any five of the following questions in
about 400 words each. 5x12=60
5. Explain how declining public investment in
agriculture is a matter of concern. What are its
implications ?
11. What do you mean by sustainable development ?
Suggest policy measures to Protect environment
and promotion of sustainable development.
12. "Small is new big". Examine the role of MSME in
Indian economy. Also suggest innovative policy
initiatives.
13. 'Growing perception of corruption and black
money is hitting at the roots of growth'. Make a
review of recent policy initiative at different levels
to change this negative perception.

6. "Response of Foreign capital to recent Policy

initiatives is considered as lukewarm". Make
policy suggestions to change this trend.

7. India is emerging as a home to growing numbers

of skilled trained young people. Do you think the
service sector is capable of meeting their
aspirations ? Suggest policy changes.

8. Distinguish between 'Social infrastructure' and

'economic infrastructure'. In terms of governance
can these two be seen as independent ? Give
reasons.

9. Neither the public sector, nor the private sector

alone can meet the responsibility of fast-emerging
manufacturing sector in the economy. Suggest a
suitable policy framework.

10. 'Food security is emerging as the principal issue

at International fora like WTO. What policy
measures have been taken in India to achieve this
objective ?

MEC-105 2 MEC-105 3
 No. of Printed Pages : 4 SECTION - B
IMEC-1051
Attempt any five of the following questions in
MASTER OF ARTS (ECONOMICS) about 400 words each. 5x12=60
rr) Term-End Examination Explain the corrective strategies adopted by the
5.
December, 2018 Government to achieve fiscal balance in India.

MEC-105 : INDIAN ECONOMIC POLICY 6. Distinguish between foreign direct investment

Time : 3 hours Maximum Marks : 100
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. State the nature of changes in the structur'e of
India's National Income since 1980s. Do you
think that services sector had a special role ?
2. What does the increasing Current Account Defidt
(CAD) in balance of payments reflect about the
state of Indian Economy ? Would you advocate
full convertibility of rupee ? Why ?
3. Indian industry, at the present stage of
development, is faced with serious shortage of
natural resources like land, water and mineraLs.
Suggest policy measures to overcome these
'limitations.
4. What is income inequality ? How is it
measured ? Examine the policy implications of
inequality in the context of poverty and
unemployment. 4
and portfolio investment. In the light of their
relative roles, has India evolved a suitable policy
framework to attract high level of investment ?
7. State in brief the objectives of land reforms in
India. Why is it important to re-examine the land
reforms programme in the current state of
development ? Explain.
What are the key ingredients in the policy agenda
8.
of Inclusive growth ? Give illustrations.
4
9. What is meant by Globalisation ? Explain the
factors responsible for increasing globalisation of
Indian economy.
10. What do you mean by fiscal federalism ? Discuss
the important issues involved in fiscal federalism.
Examine the recommendations made by different
finance commissions to address these issues.
11. What do you mean by good governance ? Discuss
its importance in a fast growing economy like
India in the context of development during the
last two decades.
12. Why is it necessary for the growth of high-value
agriculture to have access to markets ? Explain
its policy implications.

MEC-105 1 P.T.O. MEC-105 2

 No. of Printed Pages : 4
MASTER OF ARTS (ECONOMICS)
Term-End Examination
December, 2017
CD MEC-105 : INDIAN ECONOMIC POLICY
Time : 3 hours
Note : Attempt questions from each section as per instructions
given.
SECTION - B
IMEC-105I
Attempt any five of the following questions in
about 300 words each. 5x12=60
5. Give an account for the transition from central 12
planning to Indicative planning in India.
6. 'The growth of external debt is a far more serious 12
matter than internal debt.' Why ?
Maximum Marks : 100
7. Discuss the transmission mechanism of monetary 12
policy in India.

8. Identify the major issues in union - state financial 12

SECTION - A relations.
Attempt any two questions from the following in
about 700 words each. 9. What are the income and non-income measures
2x20=40 of inequality ? What are the major drivers of
1. State the objectives and features of India's 8+4=12
inequality in India ?
Exim Policy 2009-14. Evaluate this policy
clearly pointing out its strengths and
10. Comment on India's prospects of reaping 12
weaknesses.
5+5+10=20 demographic dividend as per its demographic
2. Explain the concept of 'Sustainable development'. profile.
20
What are the policies required to achieve this
goal ? 11. Is it necessary to move towards good governance 12
to ensure sustainable human development ? Give
3. Explain the need for a rational price policy for 20 reasons.
agricultural produce. Which steps have been
taken by the government to meet the end of justice 12. Provide a brief account of the employment trends
both for producers and consumers. and their implications for the Indian economy for
the following : 6+6=12
4. What are the constituents of second generation
(a) Female workers
economic reforms ? To what extent these reforms
will address the current challenges of India's (b) Construction and financial services
development ?
8+12=20

MEC-105 1 MEC-105 2
P.T.O.
No. of Printed Pages : 6 MEC-105 4. Suggest suitable policy design to overcome the
periodical shortages in agricultural commodities
like pulses and cereals. Do you think it is only a
MASTER OF ARTS (ECONOMICS) governance problem ?
Term-End Examination
December, 2016 SECTION B
05841 -

MEC-105 : INDIAN ECONOMIC POLICY Attempt any five questions from this section in
about 500 words each. 5x12=60
Time : 3 hours Maximum Marks : 100 5. Policy regarding India's pubic sectors needs to go
beyond disinvestment. Do you think India's
Note : Attempt questions from each section as per instructions private sector is equipped to take advantage of
given. emerging opportunities ?

SECTION - A 6. China has recently modified its official one child

Attempt any two of the following questions in
about 700 words each. 2x20=40
1. "Sustainable, Inclusive and Rapid growth (SIR)
is the all time solution to India's twin problems of
poverty and unemployment". In the light of this
statement suggest suitable policy framework.
policy. What lessons does it hold for India's
population policy ?
7. What does the increasing current account deficit
(CAD) in balance of payments reflect about the
Indian Economy ? Would you advocate full
convertability of rupee ?

2. "Structural change in the Indian economy over

last six decades has resulted on distortions in the 8. Why is it difficult for the RBI to adopt price
Indian economy. Outline the prinicipal elements stability as the only objective of monetary
of a suitable policy to prepare the Indian economy policy ? Also examine the mechanism of RBI to
for upcoming global economy. maintain price stability.

3. Indian financial sector suffers from serious short 9. State in brief the principles of cooperative
comings. Do you think, the recent policy federation. Evaluate the recent policy initiatives
initiatives will help solve these problems ? undertaken by the government of India.

MEC-105 1 P.T.O. MEC-105 2

10. "Make in India" is the new philosophy of Growth.
What major policy changes are required to make
No. of Printed Pages : 4 MEC 105
this philosophy a success ? -

MASTER OF ARTS (ECONOMICS)

11. Do you agree with the view that monetary policy Term-End Examination
and fiscal policy cannot work in isolation ? If so,
what major changes would you suggest in present Cr? ci 1 June, 2017
monetary policy arrangement in India.
MEC 105 : INDIAN ECONOMIC POLICY
-

12. 'Rapid economic growth makes increasing

demand on infrastructure sector'. Explain Can Time : 3 hours Maximum Marks : 100
private sector be made exclusively responsible for Note : Attempt questions from each section as per
financing infrastructure program in India. instructions given.

13. What do you mean by 'Minimum government SECTION A

maximum governance' ? In light of this statement
suggest policy measures to ensure good Attempt any two questions from this section in about
governance. 700 words each. 2x20=40
1. Distinguish between growth and development.
Explain the reasons behind rapid growth in the
tertiary sector of India. 5+15=20
2. Distinguish between Labour-force and
Work-force. State the various dimensions of
quality of employment. Has the quality of
employment in India undergone a change in
recent years ? Explain. 20
3. Explain the rationale and key features of
Economic reforms in India in the 1990s. 10+10=20

. Provide an overview of industrial growth in India

in the post-reform period. Also, discuss
the pattern of industrialisation adopted in the
1990s. 10+10=20
MEC-105 3 MEC-105 1 P.T.O.

SECTION B
Attempt any five questions from this section in about
400 words each. 5x12=60
5. "Access to markets is critical to the growth of
high-value agriculture." Explain why. 12
6. Distinguish between FDI and FII. What has
been the sectoral distribution of FDI in recent
years ? 6+6=12
7. What role do the NGOs and media play in the
governance process of India ? 6+6=12
8. What are the reasons responsible for limited
success of New Economic Policy in India ? 12
9. What are the targets of monetary policy in
India ?
10. Explain the corrective strategies adopted by the
Government to correct fiscal imbalance in India.
11. What are the causes of regional disparities in
India ? Does the convergence theorem hold true
8+4=12
in the Indian case ?
12. What are the key ingredients in the policy
agenda of Inclusive growth ?
MEC-105 2
No. of Printed Pages : 5 IMEC-1051
MASTER OF ARTS (ECONOMICS)
Term-End Examination
June, 2018 10486
MEC-105 : INDIAN ECONOMIC POLICY
Time : 3 hours Maximum Marks : 100
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. "A Stock Market is a barometer of economic
growth". Do you agree ? Briefly explain the
ingredients of stock market reforms.
2. Comment on the following statements :
12
(a) 'Infrastructure promotes growth'.
(b) 'Growth promotes infrastructure'.
Which of these two will you favour for India
12
and why ?
3. Do you agree with the view that monetary policy
and fiscal policy cannot work in isolation ? If so,
what major changes would you suggest in the
present monetary policy arrangement in India.
4. Do you consider that the agricultural sector in
12 India still continues to be the backbone of the
Indian economy ? Also comment on why the
declining share of agriculture in GDP has not been
accompanied by commensurate decline in work
force in agriculture.
MEC-105 1 P.T.O.
 SECTION - B
Attempt any five questions from this section in
about 400 words each. 5x12=60
5. How far has the finance commissions dealt with
the challenges posed to fiscal federalism ? Analyse.

6. What do you mean by 'Food Security' ? Do you

think adequate policy measures have been taken
in India to achieve this objective ? Explain.

7. 'The process of liberalisation, privatisation and

globalisation has got stalled in India under the
pressure of both domestic and international
factors'. Explain.

8. Discuss the relative merits of loans and private

investment as sources of foreign capital. Discuss
the different changes in the government policy
towards foreign capital.

9. 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.

10. Critically evaluate the important changes in the

composition and direction of India's foreign trade
during the post-reforms period.

11. Explain how the pressure groups and grass-root

level organisations can play a crucial role in
effective implementation of government policies.
Give illustrations.

12. Explain the rationale and key features of

Economic reforms in India under taken in 1990s.

MEC-105 2