Economics

Q. What are the instruments of monetary policy of RBI?

Q.

Differentiate between Bank Rate and Repo Rate.

Q.

The poorest states in India are:
i) Orissa
ii) Bihar
iii) Punjab
iv) Kerala

1. (iii) and (iv)
   

2. (i) and (ii)
   

3. All (i), (ii), (iii) and (iv)

4. (ii) and (iii)
   

Q.

What do you understand by the drain of Indian wealth during the colonial period?

Q.

Explain the vicious circle of poverty.

Q.

Explain the importance of agricultural sector for the Indian economy.
Or
Why is agriculture sector deemed to be the backbone of Indian economy?

Q.

What do you understand by sustainable development? Why is it necessary?

Q.

From the following data, calculate Gross National Product at Market Price by:
(a) Income method
(b) Expenditure method

$\underset{–}{\begin{array}{ccc}1.& \text{Mixed income of self employed}& 400\\ 2.& \text{Compensation of employeees}& 500\\ 3.& \text{Private final conosumption expenditure}& 900\\ 4.& \text{Net factor income from abroad}& -20\\ 5.& \text{Net indirect taxes}& 100\\ 6.& \text{Consumption of fixed capital}& 120\\ 7.& \text{Net domestic capital formation}& 280\\ 8.& \text{Net exports}& -30\\ 9.& \text{Profits}& 350\\ 10.& \text{Rent}& \\ 11.& \text{Interest}& 150\\ 12.& \text{Government final consumption expenditure}& 450\end{array}}$

OR


Categorise the following as final and intermediate good. Give reasons:
(a) Machine purchased by a household
(b) Machine purchased by a firm
(c) Machine purchased for resale purpose

Q.

Write down some of the limitations of using GDP as an index of welfare of a country.

Q.

What is high-powered money?

Q.

Write a short note on Sustainable development.

Q.

What are the factors which are responsible for land degradation?

Q.

Explain the functions of a commercial bank.

Q.

Differentiate between conventional and non-conventional sources energy.

Q.

Explain the various causes of unemployment in India.

Q.

What are the disadvantages of using modern farming methods?

Q.

What is Green Revolution? Why was it implemented and how did it benefit the farmers? Explain in brief.

Q.

Explain the importance of industrial sector in the economy of a country.

Q.

Calculate (a) Gross domestic product at market price and (b) Factor income from abroad from the following data:

$\begin{array}{cc}& \\ & \text{(Rs in '000 crores)}\\ \text{(i) Profits}& 500\\ \text{(ii) Exports}& 40\\ \text{(iii) Compensation of employees}& 1,500\\ \text{(iv) Gross national product at factor price}& 2,800\\ \text{(v) Net current transfer from rest of the world}& 90\\ \text{(vi) Rent}& 300\\ \text{(vii) Interest}& 400\\ \text{(viii) Factor income to abroad}& 120\\ \text{(ix) Net indirect taxes}& 250\\ \text{(x) Net domestic capital formation}& 650\\ \text{(xi) Gross fixed capital formation}& 700\\ \text{(xii) Change in stock}& 50\end{array}$

Q.

How is quantitative credit control different from qualitative credit control?

Q.

Calculate GDP at MP by:

(a) Expenditure method

(b) Income method

$\begin{array}{ccc}\left(i\right)& \text{Net domestic fixed capital formation}& 50\\ \left(ii\right)& \text{Operating Surplus}& 50\\ \left(iii\right)& \text{Subsidies}& 5\\ \left(iv\right)& \text{Mixed income}& 60\\ \left(v\right)& \text{Pvt. Final consumption expenditure}& 120\\ \left(vi\right)& \text{Social security contributions by employees}& 10\\ \left(vii\right)& \text{Net factor income from abroad}& 0\\ \left(viii\right)& \text{Indirect tax}& 30\\ \left(ix\right)& \text{Addition to stocks}& 5\\ \left(x\right)& \text{Compensation of employees}& 70\\ \left(xi\right)& \text{Government final consumption expenditure}& 25\\ \left(xii\right)& \text{Net exports}& 5\end{array}$

Q.

Differentiate between formal sector and informal sector.

Q.

Calculate Gross National Product at Market price from the following data:

$\begin{array}{cc}& \text{(Rs. in crore)}\\ \text{(i) Compensation of employees}& 2,000\\ \text{(ii) Interest}& 500\\ \text{(iii) Rent}& 700\\ \text{(iv) Profits}& 800\\ \text{(v) Employer's contribution to}& 200\\ \text{social security schemes}& \\ \text{(vi) Dividends}& 300\\ \text{(vii) Consumption of fixed capital}& 100\\ \text{(ix) Net exports}& 70\\ \text{(ix) Mixed income of self employed}& 1,500\end{array}$

Q.

What are the measures of money supply?

Q.

Describe the four major sectors in an economy according to the macroeconomic point of view.

Q.

What Are the Advantages of Macroeconomics?

Q.

Were there any positive contributions made by the British in India? Discuss.

Q.

What are the 3 depreciation methods?

Q.

Indicate the volume and direction of trade at the time of independence.

Q.

Critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.