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Answer all the problems given below:

A: Long Answer problems. (Answer in around 500 words each).

problem 1: Critically observe the conceptual difference between ideas of economic growth and economic development. How growth of an economy is usually measured?

problem 2: What do you mean by the term Public Private Partnership? Describe the major forms, main features and strengths of the Public Private Partnerships.

B: Medium Answer problems. (Answer in around 250 words each)

problem 3: What do you mean by term inclusive growth?

problem 4: Describe the common characteristics of the countries known as four Asian Tigers. Observe export-driven model of economic development in regard with such countries.

problem 5: What do you mean by the term mixed economy? Describe the merits and demerits of Mixed Economy System?

problem 6: What has been done for industrial reforms is India? How far such reforms have been satisfactory?

C: Short Answer problems. (Answer in around 100 words each)

problem 7: Distinguish between the following:

a) Fiance capitalism and Monopoly capitalism.
b) Warranted rate of growth and Natural rate of growth.
c) Fiscal Policy and Monetary policy.

problem 8: Attempt any three of the given terms:

a) Sustainable Development.
b) Harrod-Neutrality.
c) Jobless growth.
d) Socialist Economy.
e) ICT Developments.

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