Answer all the questions given below:
A: Long Answer Questions (word limit-500 words)
Question 1: Why did classical economists consider trade as the ‘engine of growth’? What is the counter-view projected to this? Describe.
Question 2: In the context of measurement of employment, bring out the complexities included in its measurement in developing the economies.
B: Medium Answer Questions (word limit-250 words)
Question 3: Describe with empirical support the trends in electricity produced by sources in India.
Question 4: Do you think that in the context of implementing monetary policy, more autonomy to RBI is needed? Validate your answer.
Question 5: Discuss the main factors affecting the foreign investment flows into a country.
Question 6: Describe the main concept of convertibility of a currency.
C: Short Answer Questions (word limit 100 words)
Question 7: What is meant by the term labor flexibility? What are its various forms?
Question 8: Why do you think that there is a requirement for a New International Financial Architecture?