problem 1: Answer the given problems (any ten):

a) Define the concept of Economic Growth.
b) What do you mean by embodied technical progress?
c) What do you relative poverty?
d) What is food security?
e) What do you mean by Surplus Value?
f) What do you mean by balanced growth?
g) State two obstacles in using new technology in agriculture.
h) Define the term Balance of Payments.
i) What is free trade?
k) What do you mean by Micro-level planning?
l) State two difficulties in measuring the economic development.
m) State two implications of Globalization.
n) What is Human Development Index (HDI)?

problem 2: Answer the given problems (any two):

a) State the suppositions of Domar’s Model of economic growth.

b) Examine the relationship between population and environment.

c) describe the concept of technical dualism.

d) Describe the concept of sustainable agriculture.

problem 3: Answer the given problems:

a) describe the Pasinetti’s model of economic growth.

b) describe the crisis in capitalism.

c) Describe Prebisch, Singer and Myrdal thesis.

d) Describe fully Big-Push theory of economic growth by Rosenstein Roden.

problem 4: Answer the given problems (any two):

a) What is Human Resource Development? Describe the role of government in human resource development.

b) Describe critically the Malthusian theory of economic development.

c) Critically examine the role of International Trade in economic development.

d) Assess achievements and failures of Five Year Plans in your country.