Answer all the problems. Section A to be answered in about 500 words each and Section B to be answered in about 300 words each.

Section A:

problem 1: How are the inequalities of income measured in an economy? Observe the policy implications of prevailing levels of inequality in India.

problem 2: Differentiate between Foreign Direct Investment (FDI) and Foreign Portfolio Investment. Critically assess the policy adopted by the Government of India towards the foreign capital.

Section B:

problem 3: How far have the policy measures taken by the Government been efficient in putting a halt to shrinking land base and declining access to land?

problem 4: State the linkages between infrastructure and economic development. Assess the inter-state disparities in economic infrastructure in India.

problem 5: Which are the supervisory functions of SEBI? How far have such functions influenced the capital market in India?

problem 6: “The problem of centre state relations has become the focal of discussion for a number of reasons”. Comment on it.

problem 7: Describe with illustrations the roots, processes and interconnections of black economy in India.