University of Delhi 2011-2nd Sem Post Graduate Diploma Insurance Management Pgdim -6 economic environment and policy - Question Paper
Your Roll No......................
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This question paper contains 2 printed pages.]
1880 A
PGDIM / II Sem.
Paper 6 - ECONOMIC ENVIRONMENT AND POLICY
Time : 3 Hours Maximum Marks : 70
(Write your Roll No. on the top immediately on receipt of this question paper.)
AH Sections are compulsory.
Attempt any two questions from each Section.
SECTION-A (Marks: 10)
Answer any two of the following in brief:
1. Discuss various issues of concern to developing countries like India, arising out of WTO agreements. 5
X Describe the new foreign trade policy. 5
3. Explain why a Balance of payments function has a positive slope and each point above it shows a surplus while each point below it shows a deficit. 5
Answer any two of the following :
4. Describe the instruments of monetary policy. How do they work and what are their limitations ? 10
5. What is meant by the fixed exchange rate system ? Is the fixed or flexible exchange rate system more advantageous for an economy ?
10
6. Discuss the causes of problems in India's balance of payments. What measures can be adopted to strengthen a country's BOP ? 10
SECTION- C (Marks: 40)
Answer any two of the following.
7. How does fiscal policy work to make a Balance of payment adjustment ? Is a contractionary or expansionary fiscal policy better to correct an adverse BOP ? Give reasons. 20
8. What are non- tariff barriers ? Show diagrammatically the welfare effects of a quota . 20
9. The new economic policy is a policy of liberalisation, privatisation and globalisation. Discuss. 20
100
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