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:3 Hours Nt.Nl. : 150
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Notc: i)Attcmpt fivc qucstions. All qucstions carry cqual marks. Qucstiou nunibcr I is cclrupulsory. Ansu'cr any
trvo questions l'rom Part I and two questions ll'otn Part IL'l'he parts of the sanre qucstions nrust bc answ'ered
togcthcr and must not bc intcrposcd betwecn answcrs to othcr questions.
ii) In case of any discrcpancy in the lrnglish and llindi versions. English version rvillbc takcn as final.
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Q. 2 Explain various fypes of costs in production. Nanate the transition of a firm from short-run cost curves to (30)
long-run cost curves.
Q. 3 What do you mean by classical theory of employment? Horv has Keynes improved upon the classical (30)
theory? Explain in detail.
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Q. a (a) Discuss the role of public finance in a developing economy. (15)
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Q. 5 (a) Analyse the changing sectoral pattern of national income and its implications in the Indian economy. 65)
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(b) Throw light on causes and consequences of regional disparities in agricultural groMh of the Indian economy. /, a\
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e.- 6 Discuss theemergence of cooperative federalism in India in view of the recommendations of the Fourteenth Finance
Commission of India and other fiscal measures of the government of India in recent years.
(30)
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Q. 7 (a) How do you view changing pattem of foreign trade and Balance of payments in India? (15)
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(b) What types of inferences can be drawn from the public expenditures in India during the last few yea'"t (15)
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