Mumbai University ECONOMICS March 2008 Paper

ECONOMICS

April 2008

(Revised Course)

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Time: 3 Hours

Marks: 100

NB:

1. Attempt Five questions in all, with a minimum of two questions from each section.
2. Figures to the right indicte full marks.
3. Answers to the two sections should be written in the same answer book.

Section I

• Q.1 Analyse the growth performance of the Indian economy with respect to indicators such as National Income and Per Capita Income since Independence. 20
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• Q.2 a) Discuss the concept of food security in India. Explain the government measures to tackle it. 10
• b) Explain the features of National Agricultural Policy, 2000. 10
• Q.3 a) Discuss the main features of Industrial Policy, 1991. 10
• b) Examine the significance and problems of the service sector. Can service led growth in India be sustainable ? 10
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• Q.4 a) Describe the existing occupational structure in India. 10
• b) Discuss the consequences of child labour in India. Suggest measures to eradicate it. 10
• Q.5 Write explanatory notes on any two of the following :– 20
• a) Importance of social sector – education and health in sustaining economic growth.
• b) Effects of WTO agreements on Indian Agriculture.
• c) Problems of Small Scale Industries in India.
• d) Peculiarities of Indian Labour Market.

Section II

• Q.6 'Social Advantage is maximum when Marginal Social Benefit equals Marginal Social Sacrifice.' Examine critically. 10
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• Q.7 a) Discuss the relative importance of direct taxes and indirect taxes in a developing economy like India. 10
• b) Explain the classification of Public Expenditure in India. Is all Public Expenditure good for an economy ? Give reasons. 10
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• Q.8 a) Explain how differences in factor endowments determine the course of international trade. 10
• b) How does it mark an advance over the Theory of Comparative Cost ? 10
• Q.9 a) Discuss the causes and types of disequilibrium in Balance of Payments. 10
• b) Explain the methods of correction of disequilibrium in Balance of Payments. 10
• Q.10 Write explanatory notes on any two of the following 20
• a) Types of Public Debt
• b) Causes of growth of Public Expenditure in India
• c) Structure of Balance of Payments in India
• d) TRIPS and GATS.