Mumbai University ECONOMICS March 2008 Paper

ECONOMICS

April 2008

(Revised Course)



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

  • 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

  • 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

  • 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

  • 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.