University of Mumbai 2008 M.Com Accounting and Finance Business ECONOMICS - Question Paper

Time: three HoursMarks: 100NB:
Attempt 5 ques. in all, with a minimum of 2 ques. from every part.
Figures to the right indicte full marks.
Answers to the 2 parts should be written in the identical ans book.
part I
Q.1 a) How is economic growth various from economic development? discuss the pattern in National Income growth in India during the planning period. 10
b) discuss the success and failure of Government measures in promoting human development through education and health. 10
Q.2 a) Has agriculture contributed adequately to the economic growth of the country? Support your ans with facts and figures. 10
b) discuss the positive and negative impacts of WTO agreements on Indian agriculture. 10
Q.3 a) discuss the role of Small Scale Industries in the economic development of India. 10
b) Critically examine the New Industrial Policy, 1991. 10
Q.4 a) discuss the concept and nature of unemployment in India. 10
b) explain the impact of Globalisation on the current employment situation in the country 10
Q.5 Write explanatory notes on any 2 of the subsequent 20
a) modifications in Sectoral Composition of National Income.
b) National Agricultural Policy, 2000.
c) problems Related to Disinvestment in India.
d) issue of Child Labour in India.
part II
Q.6 a) discuss and illustrate the Principle of Maximum Social Advantage. 10
b) discuss in detail the different kinds of Public Expenditure. 10
Q.7 a) discuss merits of Direct taxes and demerits of ndirect taxes. 10
b) define the different concepts of deficit in the Union Budget. provide suitable examples 10
Q.8 Critically examine the Classical Theory of International Trade. 10
Q.9 a) discuss the monetary and non-monetary methods of correcting disequilibrium in Balance of Payments. 10
b) Examine the Balance of Payments position of India under the New Economic Policy. 10
Q.10 Write explanatory notes on any 2 of the subsequent 20
a) Components of Union Budget
b) Growth of Public Expenditure in India.
c) Factor Price Equalisation.
d) TRIMS and TRIPS

Earning:   Approval pending.