Jaypee Institute of Information Technology (JIIT) 2008 B.E Test 3 : Indian Economy - Question Paper
JAYPEE UNIVERSITY OF INFORMATION TECHNOLOGY
WAKNAGHAT, SOLAN (II.P.)
Test-3, VIII Semester, All Branches, November 2008
Course Name: Indian Economy Max Marks:30
Course Code: 07B7IPD707
Course Credit: 3_Mai Time: lHr30 min
Answer all questions. Marks of each question are indicated in the brackets shown against the question.
1. Answer the following in ONE WORD/SENTENCE only: (0.5xl05)
a) Trade surplus means.....
b) About............% of people in India comes under tax bracket.
c) FDI made by India, for the last year, was about.........
d) In year 1990-91. India borrowed..........loan from World Bank.
e) The major difference (only one) between VAT and Sales Tax is.......
f) WPI, in India, is calculated...............(frequency only)
g) Reserve money means.............
h) In recent economic crisis, bail-out package declared by CHINA, to revive its economy, was about..........
i) Last year India's Gross Domestic Investment was about........
j) Indias major import partner is...............
2. Answer the following in 3-5 sentences only: (2x3*6)
a) "GDP measures only final output and not intermediate goods. Comment with suitable example.
b) If Balancc of Payment always balanced then why do we talk about deficit/surplus of it?
c) Sub prime crisis.
3. What do you understand by Economic Reforms? Discuss about India's Monetary Sector and External Sector reforms and there impact on Indian economy. (l+2+2sS)
4. Comment on the Composition of India's foreign trade. Do SWOT analysis on composition of foreign trade also. (2+2=4)
5. What do you understand by Convertibility of Currency? Should India go about FCAC to develop its economy? Discuss. (6)
|
Attachment: |
| Earning: Approval pending. |
