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IGNOU BECE-002: INDIAN ECONOMIC DEVELOPMENT: ISSUES AND PERSPECTIVES June 2018 Question Paper Solution

BECE-002: INDIAN ECONOMIC DEVELOPMENT: ISSUES AND PERSPECTIVES

June, 2018

Note: Answer the questions as per the instructions given in each section. 

SECTION-A

Attempt any two questions from this section in about 500 words each.

Q1.    What are the goals of banking reforms in India? Have Public Sector Banks been successful in mitigating the regional imbalances by performing the non-commercial functions under the Government Pressure?

Q2.    What are the objectives and functions of the WTO? Discuss the ‘Agreement on Agriculture’ in detail.

Q3.    Elaborate the major causes of the increasing contribution of service sector in the national income of India. Evaluate its sustainability over a long period of time.

Q4.    What is meant by the sectoral composition of savings? Does a change in favour of corporate sector promote industrialisation of the country?

SECTION – B

Attempt any four questions from this section in about 250 words each.

Q5.    What is meant by agricultural productivity? What are the factors essential for a transition of the agriculture from a traditional to a modern one?

Q6.    Discuss the Millenium Development Goals (MDG). To what extent India could achieve them? 

Q7. What are the objectives of fiscal policy? Highlight the limitations of fiscal policy in a developing country like India to achieve them.

Q8.    What are the causes of women disempowerment in India? What efforts have been made under the 73^rd and 74^th constitution amendments to empower them?

Q9.    “Current Account Deficit (CAD), fiscal deficit and the high rate of inflation are the three major challenges for the Indian Economy.” Discuss.

Q10. What is the importance of allied activities in Indian agriculture? Discuss the role of Dairy and Poultry farming in this context.

SECTION-C

Q11. Import Substituting Industrialisation.

Q12. Infrastructure and Economic Development.

Q13. Distinction between Revenue Budget and Capital Budget.

Q14. Distinction between ‘Foreign Direct Investment’ (FDI) and ‘Foreign Institutional Investment’ (FII)