Mumbai University ECONOMICS October 2008 Paper

ECONOMICS

October 2008

Time: 3 Hours

Marks: 100

NB:

1. Answer any five questions, with a minimum of two questions from each section.
2. Figures to the right indicte full marks.
3. Answers to both the sections should be written in the same answerbook.

Section I

• Q.1 a) Examine the trends in the growth of national income of India. 10
• b) Explain the measures taken by the government to promote education for human development. 10
• Q.2 a) What are the essential features of the Agreement on Agriculture under WTO? 10
• b) Examine on food security system in India. 10
• Q.3 What are the problems faced by small-scale industries in India? Explain the measures taken by the government since 1991 for the development of the small-scale sector. 20
• 
  
• Q.4 a) Discuss the measures taken by the government to promote employment in India. 10
• b) Define child labour and explain the causes for child labour. 10
• Q.5 Write notes on any two of the following: 20
• a) The National Population Policy 2000.
• b) Policy of Disinvestment.
• c) New Industrial Policy, 1991.
• d) Problems of female labour.

Section II

• Q.6 Discuss in detail the Principle of Maximum Social Advantage. What are its limitations? 20
• Q.7 a) What are the merits and demerits of direct and indirect taxes? 10
• b) Explain the following: 10
• i) The various components of budget.
• ii) Types of deficits
• Q.8 Explain Ricardo's Comparative Cost Advantage Theory and point out its limitations 20
• Q.9 a) Examine the changes in the composition and directions of India's foreign trade since 1991. 10
• b) What are the measures used to correct a deficit in the balance of payments position? 10
• Q.10 Write notes on any two of the following: 20
• a) WTO and TRIPS.
• b) FRBM Act, 2003.
• c) Sources of public revenue.
• d) Modern Theory of International Trade.