Answer all the questions. Section A to be answered in about 500 words each and Section B to be answered in about 300 words each.
Section A:
Question 1: What do you mean by the word monetary policy framework? Observe the effectiveness of different monetary policy instruments resorted by the RBI to accomplish different objectives of monetary policy.
Question 2: Describe the main issue of concern Indian agriculture is confronted with. Point out the main steps needed to meet such challenges.
Section B:
Question 3: State the significance of structural composition of GDP of an economy. Bring out the significant changes in the composition of GDP of India which have taken place over the last six decades.
Question 4: Do you agree with the view that the relation between population and economic development is a two-way relationship? Give reasons in support of your answer.
Question 5: What do you mean by the word poverty? Observe the policy implications of widespread poverty and inequality in the Indian economy.
Question 6: Do you agree that trade policy is a significant policy instrument to take up issues like labor and environment standards? Substantiate your answer.
Question 7: State the characteristics or features of good governance? To what extent are the characteristics of good governance adhered to in the implantation of economic policies in India?