Main Examination Pattern
Instructions
Q1. Discuss the effects of using 'monetization of fiscal deficit' as a policy on the economy of a country.
Q2. Balance of payment crisis results from multiple factors. Enlist these factors and explain the ways in which an economy can sustainably address such crisis.
Q3. GDP can measure economic growth, but to measure economic development we need other indicators as well. Discuss.
Q4. What do you understand by the term 'National Income'? Explain the various factors affecting the national income of a country.
Q5. Mention the various sources of external borrowings available to the government. What is the significance of external borrowings in India's debt profile?
Q6. Give an account of the value added, income and expenditure methods of estimating the national income of a country.
Q7. Explain the objectives and significance of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. What shortcomings have been observed in its implementation over the years?