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Indian Economy
No. Question Year Marks Words
Housing for all by 2010 is the goal set by the National
1 2004 2*10 125
Habitat Policy. How far is it achievable?
Is greater spending on education linked to higher
2 2004 2*10 125
literacy? Discuss.
3 What is enterprise resource planning? 2004 2*10 125
State the comprehensive structural reforms undertaken
4 2004 1*30 250
to improve the Indian Economy since 1991.
How is poverty line measured? Evaluate poverty
5 2004 1*30 250
eradication programmes in India.
Describe the recommendation of Narasimham
6 2004 2*15 150
Committee regarding the banking sector in India.
Examine the effect of economic development on
7 2004 2*15 150
environmental degradation in India.
What ails India's road transport economy? Suggest
8 2004 2*15 150
measures of remedy.
What are the major provisions of Agreement on
9 2004 15*2 20
Agriculture in the context of WTO?
10 Elucidate Special Drawing Rights. 2004 15*2 20
11 What is Cash Reserve Ratio? 2004 15*2 20
12 What is 'priority sector lending' means? 2004 15*2 20
13 What is Minimum Alternative Tax (MAT)? 2004 15*2 20
14 What is Business Process Outsourcing (BPO)? 2004 15*2 20
What is social justice in the context of Indian
15 2004 15*2 20
Economy?
Explain the objectives of Plant Varieties Right Act,
16 2004 15*2 20
2002.
How is human development index for life expectancy
17 2004 15*2 20
measured?
What are the objectives of the 12th Finance
18 2004 15*2 20
Commission?
Explain the necessity & role of controls in a mixed
19 2004 15*2 20
economy like India.
Distinguish between primary sector, secondary sector
20 & tertiary sector. What is the change in the share of 2004 15*2 20
each sector in GDP during period of 1950-2000?
What is the main objective of Security & Exchange
21 2004 15*2 20
Board of India (SEBI)?
What has been the policy of agriculture development
22 2004 15*2 20
during the last two decades in India?
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23 What is deficit financing? 2004 15*2 20

Write a note on the strategy of planning in India since
24 2003 1*30 250
1951.
What were the main recommendations of the Task
25 Force on direct taxes appointed under the Chairmanship 2003 1*30 250
of Shri Vijay L. Kelkar?
26 Outline the important objective of 10th Five Year Plan. 2003 2*15 150
27 What is a Finance Commission? 2003 2*15 150
Point out the measures undertaken towards the
28 flexibility in capital accounts transactions during the 2003 2*15 150
recent past.
29 What is Plan Holiday? 2003 15*2 20
Why did Indian have a surplus in current account
30 2003 15*2 20
balance in 2001-02 after a gap of 24 years?
31 What is Value Added Tax? 2003 15*2 20
What is the main objective of the Competition Act,
32 2003 15*2 20
2002?
Name the two agencies that have helped to promote
33 2003 15*2 20
Foreign Direct Investment (FDI) in India?
What is the main thrust of the Fiscal Responsibility &
34 2003 15*2 20
Budget Management Bill?
Highlight the main feature of the policy relating to buy-
35 2003 15*2 20
back shares.
36 Why was Janashree Bima Yojna introduced? 2003 15*2 20
When was the idea of Agriculture Insurance
37 2003 15*2 20
Corporation mooted?
What is the policy of the Government with respect to
38 2003 15*2 20
child labour?
Explain the objectives of the National health Policy,
39 2003 15*2 20
2002.
What was the main objective of the 'Operation
40 2003 15*2 20
Blackboard' scheme?
Explain the essential feature of differential rate of
41 2003 15*2 20
interest scheme.
Which are the three major items of expenditure of the
42 2003 15*2 20
Government of India on revenue account?
What was the essential feature of the Pradhan Mantri
43 2003 15*2 20
Gram Sadak Yojana?
Outline the main targets fixed in the National
44 Population Policy, 2000. What have been the follow up 2002 1*30 250
measures to this policy?
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The main thrust of Export-Import policy 2002-07 is on

creating a framework for enhancing India's export
45 2002 1*30 250
capacity. In the light of the statement outline the salient
features of EXIM policy 2002-07.
What are the 'minimum support prices' in agriculture
46 2002 2*15 150
products? What are their objectives?
Outline the main objectives & achievements of the
47 2002 2*15 150
policy of disinvestment in India.
With what objectives was 'Essential Commodities Act,
48 2002 2*15 150
1955' amended last year?
What is peak rate of custom duty? What are its
49 2002 15*2 20
objectives in India?
50 Define Fiscal Deficit. 2002 15*2 20
51 Explain the provisions of OGL. 2002 15*2 20
52 Elucidate 'Special Economic Zones'. 2002 15*2 20
Highlight salient feature of National Highway
53 2002 15*2 20
Development Project.
54 What is the role of SEBI? 2002 15*2 20
55 Explain RBI's 'Automatic route' in FDIs. 2002 15*2 20
With what objectives was 'Annapurna Scheme'
56 2002 15*2 20
launched?
57 Elucidate 'Sampoorna Gramin Rozgar Yojna'. 2002 15*2 20
The Union Budget 2002-03 recommended some
58 2002 15*2 20
services to be taxed. Name any 4 of these services.
59 What is 'dumping'? What is its objective? 2002 15*2 20
What do you understand by 'Capital Account
60 2002 15*2 20
Convertibility' of Rupee?
Define Sex Ratio in the population of India. What is its
61 2002 15*2 20
present status?
62 Distinguish between ad-valorem & specific duties. 2002 15*2 20
63 Define zero-based budget. 2002 15*2 20
What is the incidence of poverty in India? How should
64 2001 1*30 250
poverty alleviation programmes be constructed?
Indian Economy presents a paradox of high savings
65 rate with low-income & high savings rate with low 2001 1*30 250
growth rate. Analyse.
Liberalisation of the Indian economy since 1991 has
66 led to excessive consumerism and over-production of 2001 2*15 150
'while goods'. Elucidate.
What are the hurdles faced by the Finance Ministry of
67 India in keeping the fiscal deficit below 3-4 percent of 2001 2*15 150
the GDP? Suggest steps to lower the fiscal deficit.
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Discuss the nature & causes of the UTI crisis with

68 particular reference to US-64. How does this UTI 2001 2*15 150
fiasco affect the investment climate in India?
69 What is 'CRISIL'? What does it do? 2001 15*2 20
What do you understand by 'Current Account
70 2001 15*2 20
Convertibility of Rupee'?
What do you mean by providing industry status to
71 2001 15*2 20
agriculture in India?
72 Elucidate 'Operation Flood'. 2001 15*2 20
73 Expand the term 'NASDAQ'. 2001 15*2 20
Differentiate between 'galloping inflation' & 'run-away
74 2001 15*2 20
inflation'.
75 What is meant by 'couple protection ratio'? 2001 15*2 20
Distinguish between 'Human development index' &
76 2001 15*2 20
'gender-related development index'.
77 What is green GNP? 2001 15*2 20
Distinguish between a 'hard' currency and a 'soft-
78 2001 15*2 20
currency'.
79 Explain 'rolling plan'. 2001 15*2 20
80 Illustrate Lorenz curve. 2001 15*2 20
What is meant by 'trickle-down' theory of
81 2001 15*2 20
development?
82 What is 'misery index'? 2001 15*2 20
83 What is meant by 'most favoured nation' policy? 2001 15*2 20
India is rapidly emerging as an information technology
(IT) superpower. Discuss some aspects of growth of
84 this sector in the Indian Economy. What role can public 2000 1*30 250
policy play in further enhancing the growth prospects
in this Sector?
Control over growth of population in India is an
85 essential condition for the country's rapid economic 2000 1*30 250
development. Discuss.
Discuss the reasons for the failure of the Seattle
86 Millennium talks on WTO. Discuss some implications 2000 2*15 150
of this failure for the Indian economy.
What is (Revised) Targeted Public Distribution
87 2000 2*15 150
System? What are its main features?
Discuss the economic effects of Black money (parallel
88 2000 2*15 150
economy) in Indian economy.
What are the main objectives of the 9th Five Year Plan
89 2000 15*2 20
of the Government of India?
90 Write a note on MODVAT Scheme of 1986. 2000 15*2 20
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Explain per capita income as a measurement of

91 2000 15*2 20
economic growth.
92 What are the objectives of Social Security? 2000 15*2 20
93 What do you mean by 'parallel economy'? 2000 15*2 20
Describe the use of 'Command Area Development' in
94 2000 15*2 20
India.
95 What is ICOR (Incremental Capital Output Ratio)? 2000 15*2 20
96 What are the main objectives of NABARD? 2000 15*2 20
97 What do you know about 11th Finance Commission? 2000 15*2 20
What do you mean by revenure deficit in the Central
98 2000 15*2 20
Government's Budget?
99 How has the Census (1991) defined the Urban Areas? 2000 15*2 20
What are the objectives of New Economic Policy of the
100 2000 15*2 20
Government of India?
101 Write a note on Rao-Manmohan model of development. 2000 15*2 20
102 What is the rationale for 'Mid-day Meal' Scheme? 2000 15*2 20
What has been the impact of the recent economic
103 reforms programmer on the incidence of poverty in 2000 15*2 20
India?
What is Multilateral Agreement on Investment? How
104 will it affect the economy of a developing country like 1999 1*40 250
India?
Discuss the role of modern technology inputs on
105 agricultural development in India. How would it be 1999 1*40 250
helpful for food security during 21st century?
106 What does buy-back of shares mean? 1999 2*20 150
107 When & why was SEBI established? 1999 2*20 150
108 What is SIDBI? What are its functions? 1999 2*20 150
109 What is Tobin Tax? What are its main features? 1999 2*20 150
The past 50 years of development in India were
110 characterized by planning but next 50 years of 1998 1*40 250
development would be led by the market. Comment.
How is absolute poverty line measured? What are the
111 important measures taken by the Government to 1998 1*40 250
eradicate rural poverty in India?
What are the main reasons for industrial sickness in
112 1998 2*20 150
India? How can it be overcome?
Infrastructure bottlenecks continue to stifle the
113 1998 2*20 150
economic growth in India'. Comment.
Comment on the view that Monetary Policy in India is
114 used more as a stabilisation device rather than as a 1998 2*20 150
development tool.
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What has been the role of NRIs in the economic

115 1998 2*20 150
development of India in the recent past?
116 What is meant by Mutual Fund? 1998 3*10 25
Explain per capita income as a measurement of
117 1998 3*10 25
economic growth.
118 What is meant by 'Quality of Life'? 1998 3*10 25
119 What constitutes a minor irrigation project? 1998 3*10 25
120 What is meant by Environmental Impact Assessment? 1998 3*10 25
What is the difference between Gross National Product
121 1998 3*10 25
and Net National Product?
Discuss the steps taken by the Government in recent
122 1997 2*20 150
years to control inflation.
What measures has the government taken to make
123 women economically independent & self-reliant during 1997 2*20 150
the last decade?
Examine the important changes in India's Industrial
124 1997 2*20 150
Policy since the year 1991.
Discuss the advantages of 'Alternative Scheme of
125 Devolution suggested by Tenth Finance Commission' 1997 2*20 150
of India.
What was HODVAT Scheme introduced in the year
126 1997 4*10 25
1986?
127 Why was the rationale for 'Mid-day Meal' Scheme? 1997 4*10 25
128 How has the Census (1991) defined the Urban Areas? 1997 4*10 25
Describe the use of 'Command Area Development' in
129 1997 4*10 25
India.
130 What are the objectives of Social Forestry? 1997 4*10 25
131 What are the main objectives of 9th Five Year Plan? 1997 4*10 25

I thought analysing questions asked only from 1997-2004/5 would be worth,

(instead of going back to 1980s) as the economy was quite different then.
• The pattern of questions is –
o Any one out of two for 30 marks
o Any two out of three for 15 marks each
o ALL 15 out of 15 for 2 marks each.
• We may broadly divide the questions as – (i) Concept based (ii) Based on
Contemporary Indian economy.
• The broad questions are based more on recent trends/policies in Indian Economy.
Planning, Growth/development, foreign trade are the chapters of immense
importance. Latest ‘Economic Survey of India’ would be handy in collecting facts
& figures.
• Population & economy, Indian economy & World i.e. role/impact of IMF, World
Bank & especially WTO are important as well.
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• Various policies, plans, commissions find their place as well, both in broad &
short questions.
• The short questions of 2 marks each are based more on concepts than current
economic condition. These include questions like what is BPO? GDP? Fiscal
Deficit? SEBI? Etc. So one must be prepared with exact definitions of these
economic concepts. Note that there are no options here. One is expected to write
15 out of 15 questions! Books like Dutt-Sundaram are good in context of
explaining condition of Indian Economy. However, they do not clarify these basic
economic concepts. So students with no special background of the subject may
need to find other source (any book on Theories in Economics, not necessarily
Indian Economy) to find explanations to these basic economic concepts.