Report on the Workshop on Better Question Papers in Economics

One of the important issues in higher education requiring special attention is the relevance of the evaluation of students performance. The University Grants Commission circulated a Minimum Programme of Examination Reform in 1984. The Universities of Tamil Nadu in general implemented these reforms. At present in the University question papers there are in general three sections. The first section is of objective type or requiring one-word answers equally distributed over all the units of the syllabus and are compulsory questions. The second section requires short answers again made compulsory and equally distributed over all the units. The third section consists of either/or type questions for each unit of the syllabus. These questions require long answers. It is a known fact that these three types of questions naturally test different abilities of the students. continuous internal assessment also. The autonomous colleges have Therefore, it is necessary to

maintain a certain proportion among these various components. But in recent years there has been a tendency to give more importance to objective type or one-word answer questions or memory recall type questions. This naturally may lead to an unreliable assessment of the knowledge and abilities of the students. Hence, with a view to study the present trend in question paper pattern and to chart out a plan of action, the Tamil Nadu State Council for Higher Education organised a workshop on Towards Better Question Papers on 13th July 2002. This workshop suggested that a series of workshops be conducted subjectwise, inviting as participants the Chairmen and Members of the Boards of Studies and question paper setters. Based on this recommendation, the Tamil Nadu State Council for Higher Education decided to conduct a series of two-day workshops

for each subject with the Chairmen and Members of Boards of Studies and Members of the Boards of Examiners (question paper setters) as participants. The second workshop in this series on Economics was conducted during 20-21 December 2002. The list of resource persons and participants who participated in this workshop is given in Annexure 1. During the workshop, after brief introductory remarks by the Resource Persons, highlighting the important issues pertaining to preparation of question papers, the participants discussed the framework for the model question papers with particular reference to the subject of Economics. It was felt that even though the syllabus has been unitized, the units are not of equal size. Therefore, the framework for the model question paper will have to be modified as follows: The objective type questions and very short questions will be compulsory and will be distributed over all the units. They will carry a maximum of 30 marks. In the sections pertaining to the short answer and long answer questions, there will be choice. Short answer questions will carry a total of 30 marks. 5 out of 7 questions will carry the maximum marks. Long answer questions will carry a total of 40 marks. 2 out of 4 questions will have to be answered. Thereafter, the participants divided themselves into groups and prepared model question papers. The papers prepared by one group was reviewed by the other groups and in the final session all the participants along with the resource persons discussed the details of the question papers and finalised 7 question papers which are given in Annexure 2 to 8. It is hoped that these question papers will serve as models for preparation of better question papers by the undergraduate question paper setters.

Annexure 1

Workshop on Towards better question papers in Economics 20th and 21st December 2002
Resource Persons Dr. Siva Swaminathan, Retd. Professor, TTTI, G4 HIG Flats, Adayar Apartments, Kottur Gardens, Chennai 600 085.

Dr. Anand Kumar Raju, Head of the Department of English, Institute of Correspondence Education, University of Madras, Chennai 600 005. Participants Mrs. Irene Chandrasekaran, Prof. and Head, Department of Economics, St. Marys College, 105 North Beach Road, Tuticorin 628 001.

Dr. (Tmt.) E. Gomathi, S.G. Lecturer in Economics, Government Arts College for Men, Nandanam, Chennai 600 035.

Dr. M. Gnanapragasam, Reader and Head, Department of Economics, Nadar Mahajana Sangam S. Vellaichamy Nadar College, Nagamalai, Maduai 625 019. Thiru. L. Clement Baskar, Lecturer in Economics, Loyola College, Sterling Road, Nungambakkam, Chennai 600 034.

Mrs. K. Malarvizhi, Lecturer in Economics, M.O.P. Vaishnav College for Women, 20 IV Lane, Nungambakkam High Road, Chennai 600 034.

Thiru. N.C. Chandrasekaran, Department of Economics, Kandasami Kandars College, Velur, Salem 638 182.

Dr. P.N.P. Mohammed Sahaputheen, Reader and Head of the Department of Economics, Jamal Mohamed College, Race Course, Khaja Nagar, Tiruchirapalli 620 020.

Prof. N.P. Hariharan, Madura College, TPK Road, Madurai 625 011.

Tmt. S. Kairunisa Begum, S.G. Lecturer in Economics, Sri Meenakshi Government College, Madurai 625 002.

Thiru. K. Kesavaram, Sr. Lecturer in Economics, Poonga College of Arts and Science, 56/1 East Coast Road, Chennai 600 119.

Dr. Kanaga Sabesan Nagarajan, Department of Economics, Vivekananda College, Sri P.S. Sivaswami Salai, Mylapore, Chennai 600 004.

Tmt. Nalini Ravindran, Department of Economics, Quaid-e-millat Government Arts College for Women, Annasalai, Chennai 600 002.

Dr. K. Tamil Selvam, Department of Economics, Presidency College, Chennai 600 005.

Tmt. K. Hema, S.G. Lecturer in Economics, Chellammal Womens College, Guindy, Chennai 600 032.

Annexures 2 to 8

Model Question Papers for B.A. Economics

1. 2. 3. 4. 5. 6. 7.

MONETARY ECONOMICS MACRO ECONOMICS MICRO ECONOMICS INDIAN ECONOMY - PROBLEMS, POLICIES AND PROSPECTS STATISTICS FISCAL ECONOMICS ECONOMIC THOUGHT

MONETARY ECONOMICS M C Q ( 4 x 1 = 4 marks) 1. Which of the following would not be considered as near-money? a) Time Deposits b) Saving and loan c) Treasury bills d) Demand Deposits High-powered money is: a) Only banks reserves with the Central Bank b) All bank loans c) Loans and security of banks d) Rupees held as legal bank reserves In the Hekscher - Ohlin Theory, the most important cause of the difference in relative commodity prices and trade between nations is a difference in: a) Factor Endowments b) Technology c) Tastes d) Demand conditions Supply of money is: a) a stock concept b) a flow concept c) Both stock and flow concept d) Neither a stock nor a flow concept

2.

3.

4.

State whether the following statements are True or False 5. 6. Scheduled Banks do not come under commercial banks (T/F) Bank Rate Policy is one of the quantitative credit control methods (T/F)

Fill in the blanks: 7. Inflation is a situation is which the _______________ consistently rises (price level) ____________________ is a Bankers Bank (Central Bank)

8.

Match the following: 9. List A 1. Inflation 2. Deflation 3. Stagflation 4. Recovery List B a. Inflation + stagnation b. Revival from deflation c. Decrease in price level d. Too much of money chasing too few goods e. Stability of price level V. Short answer questions 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. State the functions of money What is value of money? State Grashams Law Define neutrality of money Define classical Dichotomy What are the constituents of money supply? What are the stages of trade cycle? Name 4 term financing institutions in India? Define Real Balance Effect State Friendmans Quantity Theory Name the instruments of quantitative credit control

Short answer Questions 11. 12. 13. 14. 15. 16. 17. State the advantages of paper currency Mention the features of the Gold standard Distinguish between Demand-pull and Cost-push inflation What are the assets of commercial banks? Enumerate the objectives of Nationalisation of commercial banks in 1969. What are the objectives of monetary policy? Distinguish between fixed and floating exchange rates.

Long answer Questions 18. 19. 20. 21. Compare and contrast Fishers Equation and Cambridge Equations Evaluate the role of RBI in the agricultural and industrial development of India Explain the Hawtreys theory of trade cycle. Explain the role of IMF in solving the problem of international Liquidity

Unit/ Type of question I II III IV V VI VII VIII IX X Total No. of Question Unit

Multiple Choice 2

Objective type A. Section Fill up True/False

V. Short Matching 1 1 3 2 1 1 1

Short

Long

Total No. of Questions

1 2 1 1 1 1 1 7 1

1 1 1 1 1 4 1 1

10

1 1 4

3 2 5 5 4 2 1 4 2 2 30

MACRO ECONOMICS Section A (One mark each) Answer all the questions 1. Which one of the following is a transfer income? a. The salary of MLA b. Company dividends to share holders c. Rent from house property d. Unemployment allowance Equilibrium of an economy need not be at full employment level who said this? a. Adam Smith b. Ricardo c. Karl Marx d. Keynes Laissez faire policy is advocated by a. Adam Smith b. Samuelson c. Hicks d. Keynes Unemployment is severe during a. Recession b. Boom c. Depression d. Recovery GNP - Depreciation = G.D.P (True/False) MEC is high when there is business optimism (True/False) The measure of MPC is ______________. Consumption function states the relationship between consumption and ________________.

2.

3.

4.

5. 6. 7. 8.

9.

Match the following (2 marks) A 1. Aggregate Economics 2. Disguised unemployment 3. Employment Multiplier 4. Demonstration Effect B a. Marshall b. R.F. Khan c. Dvesenberry d. J.M. Keynes e. Joan Robinson

Section B (2 x 10 = 20 marks) Answer all the questions in 30-40 words each 10 11. 12. 13. 14. 15. 16. 17. 18. 19. Define trade cycle State Marshalls definition of National Income What is full employment? What is the Pigou effect? State Keynes psychological law of consumption What is autonomous investment Give the measure of acceleration co-efficient What is leverage effect? What do you mean by real sector? What is dear money policy? Section C (6 x 5 = 30 marks) Answer any five of the following in 200 words each 20. 21. 22. 23. 24. 25. 26. Explain the importance and limitations of Macro Economics. Describe the various types of unemployment Explain Says Law of Markets and bring out its implications Elucidate the concept of effective demand What are the factors promoting private investment Describe the working of accelerator Explain the objectives of monetary policy

Section D (20 x 2 = 40 marks) Answer any two of the following in 1000 words each 27. 28. 29. 30. Examine the applicability of Keynesian theory of employment to under developed economics What are the leakages that make income multiplier less effective? Examine the various problems in the estimation of national income in developing countries. How can they be overcome? Describe the subjective and objective factors determining consumption function
Objective type A. Section Multiple Choice I II III IV V VI VII VIII IX X Total No. of Question Total marks Unit 1 1 1 1 1 1 1 1 4 2 2 1 2 1 10 @2 marks 20 1 1 5/7 @6 marks 30 Fill up True/ False 1 Matching 1 1 2 1 1 1 1 1 1 1 1 1 1 2 4 4 3 3 3 3 2 4 2 26/30 8 24 11 9 27 23 9 21 12 8 V. Short answer questions Short answer questions Long answer questions Total No. of Questions Total Marks

Unit/ Type of question

1 1

2/4 @ 20 marks 40

100

MICRO ECONOMICS Objective Type - 10 marks - Answer all questions Multiple choice ( 4 x 1 = 4 marks) 1. Micro economics deals with a) Firm b) Industry c) Economy d) World When total production is maximum a) the APL is zero b) the MPL is zero c) the APL is negative d) the APL is declining For a firm to be in equilibrium a) MC = MR b) AC = AR c) MR = AR d) AC = MC Quasi - rent is a a) temporary earnings b) medium-term earning c) permanent earnings d) long-term earnings

2.

3.

4.

True or False (2 x 1 = 2 marks) 5. 6. Utility is essentially a subjective concept Marginal cost is defined as the change in the average cost resulting from a one unit change in output

Fill up the blanks ( 2 x 1 = 2 marks) 7. 8. Monopoly refers to ___________________ Interest is reward for ___________________

Match the following ( 4 x = 2 marks) 9. a. Elastic demand b. Inelastic demand c. Unitary elastic demand d. Perfectly elastic demand (i) ep = (ii) ep = 1 (iii) ep 1 (iv) ep = 0 (v) ep 1

Non-objective Very Short Answer - Answer all questions Each question carries equal marks ( 10 x 2 = 20 marks) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. State scarcity definition of economics What do you mean by consumers surplus? What does the budget line indicate? Define constant returns to scale in production? What is the difference between implicit cost and explicit cost? What is pure competition? What is oligopoly? What is functional distribution of income? Define Quasi - rent Distinguish between risk and uncertainties

Short Answer - Answer any five Each question carries equal marks ( 5 x 6 = 30 marks) 11. 12. 13. 14. 15. 16. 17. State the differences between micro and macro economics Elucidate the properties of consumers indifference curve Bring out the relationship between total, marginal and average revenue functions. Describe how price is determined under monopolistic competition. State the functions of trade unions. List out the different types of risks by knight in his theory of profit. What is liquidity trap?

Long Answer - Answer any two questions Each question carry equal marks ( 20 x 2 = 40 marks) 18. 19. 20. 21.
Unit/ Type of question Multiple Choice I II III IV V VI VII VIII IX X Total No. of Question Marks Unit 1 1 1 1 1 1 1

Examine the Walrasian General Equilibrium analysis Evaluate Revealed preference theory Explain the price determination in monopoly and discriminating monopoly Critically examine the Ricardian theory of rent.
Objective type Non-objective type Total No. of Questions Long answer questions 1 1 1 1 1 1 1 1 5/7 30 1

Fill up

True/ False

Matching

1 4 4 2 2 1 2 2 1 2

V. Short answer questions 1 1 1 1 1 1 1 1 1 1 10 20

Short answer questions 1

1 2/4 40

4 2 3 3 4 3 2 2 4 3 26/30 100

INDIAN ECONOMY - PROBLEMS, POLICIES AND PROSPECTS MCQ - 4 marks 1. The U.N. experts (1951) have defined an under developed economy as one in which per capita real income is low when compared to that of a) USA, Canada, Australia and W. Europe b) USA, Japan, UAE and England c) USA, Japan, W. Germany and France d) USA, Japan, Canada and Australia

2.

Economic causes of under development of India is/are: (1 mark) a) market imperfections b) Predominance of agriculture c) Lack of technical knowledge d) All of these According to the vicious circle of poverty, doctrine, poverty is widespread in LDCs because of a) Low income and low savings b) Low capital formation c) Low productivity d) All of the above

3.

4.

Regionwise, among the following, the state at the bottom of the ladder of PCI is: a) U.P b) J & K c) Punjab d) Tamil Nadu

State whether the following statements are True/False ( 2 marks) 5. The Chairman of the Planning Commission is the Finance Minister

6.

The process of economic growth brings about a structural change in the economy in favour of the Tertiary sector.

Fill in the blanks (2 marks) 7. _____________________ point programme was introduced by P.M. Indira Gandhi

8.

In Transport, the _________________ system in India is the second largest in the world

9.

Match the following: List I Malhotra Committee C. Rangarajan Committee Goswami Committee Narasimhan Committee List II 1. PSU Disinvestment 2. Insurance sector 3. Financial system 4. Industrial Sickness 5. Voluntary Disclosure of Income scheme

a. b. c. d.

Non-Objective V. Short Questions ( 10 x 2 = 20 marks) Answer all questions (Each questions carries 2 marks) Each answer should not exceed 30 words 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. State any 4 objectives of planning Define Rolling Plan Define Industrial sickness What is TDS? Define poverty line. Define quality of life. What is Transport Coordination? What is the second generation green revolution? List any 4 causes for labour unrest in India. List any 4 objectives of WTO

Short Questions ( 5 x 6 = 30 marks) Answer any 5 questions (Answer should not exceed 200 words) 11. 12. 13. 14. 15. 16. 17. Explain the role of small-scale Industries in India. What are the non-economic factors influencing economic development? Distinguish between agricultural and Industrial labour. Explain the concept of HRD. What are the causes of regional disparities? Enumerate the difficulties in the calculation of National Income in India. What is the role of Technology in economic development?

Essay Questions ( 2 x 20 = 40 marks) Answer any 2 questions (Answer should not exceed 1000 words) 18. 19. 20. 21.
Unit/ Type of question Multiple Choice I II III IV V VI VII VIII IX X Total No. of Question Marks Unit 3

Discuss the salient highlights of the National Population Policy. Describe the factors responsible for disequilibrium in Indias Balance of payments. Explain the remedial measures Discuss the New Industrial Policy, 1991 and subsequent modifications. Assess the achievements and failures of planning in India.
Objective type Non-objective type Total No. of Questions

True/ False

Fill up 1

Matching

1 1 1

1 2 1 2

V. Short answer questions 1 1 1 1 1 1 1 1 1 1 10 20

Short answer questions 1 1 1 1 1 1

Long answer questions 6 2 3 2 3 3 1 3 4 1 26/30 100

1 1

1 1 1 5/7 30 2/4 40

4 4

2 2

STATISTICS Part A Answer all questions (8 x 1 = 8) 1. Primary data can be collected through a) Questionnaire b) Direct personal Interview c) Schedule d) All the above Positional Average a) Mean b) Harmonic Mean c) Geometric Mean d) Quartiles S.D. is a measure of a) Centre Tendency b) Dispersion c) Skewness d) All the above Correlation depicts a) b) c) d) 5. 6. 7. Degree of association between x and y Cause and effect relationship Absence of relationship All the above

2.

3.

4.

As the size of sample increases, the sampling error _____________ Skewess is a measure of lack of _________________ Statistics in singular means Statistical data (True/False)

8.

The following is the inclusive method of classification (Tue/False) x 10 - 20 20 - 30 30 - 40 f 5 6 7 (4 x = 2 marks) a. Rank Correlation b. Ideal Index number c. Dispersion d. Median e. Mode f. Karl Pearson Part B

9.

Match 1. Spearman 2. Irving Fisher 3. Lorenz curve 4. Ogive curves

Very Short answer Questions Answer all questions (10 x 2 = 20) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. State any two limitations of statistics State the sources of collecting secondary data Mention any two bases for the classification? (of data) List out the properties of Arithmetic Mean What is the use of co-efficient of variation? Define Kurtosis? Give the equation which brings out for relation between regression and correlation? List out the components of Time-series What do you mean by random sampling? Define the GNP Part - C Short answer questions Answer any five questions (5 x 6 = 30) 1. Prepare a blank table to show age wise and sex wise distribution of workers of XYZ company.

2.

Draw a histogram for the following data and also estimate the mode Class interval 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 Frequency 6 8 11 9 6

3.

Estimate Bowleys coefficient of Skewness for the following data x 20 - 29 30 - 39 40 - 49 50 - 59 60 - 69 f 5 10 15 10 5

4.

The following are the scores of the two batsmen x and y. Comment on their performance x 25 20 30 25 20 30 y 20 40 20 25 30 15

5.

Two ladies were asked to rank 7 different types of lipsticks. The ranks given by them are given below: Lipstick Neelu Neena A 2 1 B 1 3 C 4 2 D 3 4 E 5 5 F 7 6 G 6 7

Calculate Spearmans rank correlation. 6. What are the uses of Index numbers?

7.

Comment on the data collection process of N.S.S.

Long Answer Questions 1. Explain the various methods of computation of National income. Does it present a true picture of India? Construct the Fishers Index Number for the following data. Prove that it satisfies TRT x FRT 1999 Qty. 50 35 55 40 Price 32 30 16 20 Qty. 50 40 50 45 2000 Price 30 25 18 20

2.

Commodities A B C D 3.

Given the following equations and 2x = 9

Estimate x, y, y, r 3x - 2y = -1 3x - 8y = -13 -3x + 2y = +1 3x - 8y = -13 -6y = -12 _ y = 12/6 = 2 _ x=1 3x - 2y = -1 3x - 8y = -13 (1) (2)

From (1) 3x = -1 + 2y x = - 1/3 + 2/3 y

From (2) - 8y = -13 -3x - y = 13/8 + 3/8 x r = 2/3 x 3/8 = .25 = .5

Unit/ Type of Question Multiple Choice I II III IV V VI VII VIII IX X Total No. of Question Marks Unit 1 1 1 1 1 1 1 1 Objective type Non-objective type Total No. of Questions

Supply

T/F

Matching

2 2

V. Short answer questions 1 2 1 1 1 2 1 1 10 20

Short answer questions 1 1 1 1 1 1 1 5/7 30

Long answer questions 4 3 3 3 3 4 4 5 2 2 26/33 100

1 1 1 1 2/4 40

4 4

2 2

2 2

4 2

FISCAL ECONOMICS Objective type questions (4 x 1 = 4 marks) 1. The Greek work FISC refers to a) Private Finance b) Public Finance c) Public Treasury d) Both Public and Private Finance Revenue from Administrative Services comes under a) Tax Revenue b) Non-Tax Revenue c) Public Debt d) Fiscal Policy Civil expenditure is incurred for the maintenance of a) Law and order b) Industrial growth c) Health Services d) Defence Dead weight debt refers to the a) Debt for Development of Industries b) Debt for Development of Agriculture c) Debt for Development of Roads d) Debt contracted during war time

2.

3.

4.

True or False 5. (a) Impact of Tax is on the person who bears the money burden at the first instance (T/F) (b) In a federal set up there is likely to be Financial imbalance between the Governments (T/F) Fill in the blanks 6. a) Under article 280 of the constitution of India, the Finance Commission is appointed by the ______________ of India.

b) In a balanced budget, expenditure ________________ to revenue 7. 1. 2. 3. 4. Match the following Advalorem External loan Grants in aid Adolf Wagner a. Balancing factors in federal Finance b. Public expenditure c. Based on value of commodities d. Loan raised from abroad e. Canons of Taxation

Very short answers (30 to 50 words) (10 x 2 = 20) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Define Fiscal Economics Define Taxable capacity Name the sources of Non-tax revenue What is forward - shifting of tax? What is principle of sanction in public expenditure? What do you mean by sinking - fund? What is deficit financing? Define Budget? What is fiscal Policy? What is local Finance?

Short Answers (5 x 6 = 30) 1. 2. 3. 4. 5. 6. 7. Distinguish between public and private finance State Adam smiths Canons of taxation What are the merits and demerits of direct taxes? Write a note on Sales tax Account for the growth of public expenditure in India in recent times Point out the objectives of deficit financing State the recommendations of the Tenth Finance Commission

Long Answers (2 x 20 = 40) 1. 2. 3. Discuss the principle of maximum social advantage as applied in the field of public finance. What are its limitations? Explain various methods of redemption of public debt. Discuss the role of fiscal policy in India in the present context.

4.

Explain how the financial adjustments are made between the centre and the State.
Objective type Non-objective type Total No. of Questions

Unit/ Type of Question Multiple Choice I II III IV V Total No. of Question Marks Unit 1 1 2

Supply

T/F

Matching

1 1 1 1 2 2 1 2 2

4 4

1 2

V. Short answer questions 1 2 3 3 1 10 20

Short answer questions 1 3 1 1 1 5/7 30

Long answer questions 1 1 1 1 2/4 40

4 7 8 6 5 26/30 100

ECONOMIC THOUGHT Section - A Objective Type of question Answer all the questions Choose the correct Answer ( 4 x 1 = 4) 1. Which of the following economists does not belong to classical school? a) Malthus b) Ricardo c) J.S. Mill d) A.C. Pigou Find out the Nobel Laureate among the following: a) Hicks b) Amertheya Sen c) Dr. Ambedkar d) Rajaji Rural Development is the basis for overall economic development This was the view of a) M.K. Gandhi b) R.C. Dutt c) Indra Gandhi d) Jawaharlal Nehru V.K.R.V. Rao is associated with a) The Five Year Plan b) Politics in India c) Finance Commission in India d) All the above

2.

3.

4.

Fill up the following ( 2 x 1 = 2) 5. Surplus value is associated with production. _____________ as a factor of

6.

Optimality as a measure of welfare was given by _______________

State whether the following are True or False (2 x 1 = 2) 7. According to mercantilists agriculture is the basis for all economic activities (T/F) Classical economists assumed the existence of full employment equilibrium (T/F)

8.

Match the following ( 4 x = 2) 9. 1. Adamsmith 2. Karl Marx 3. Alfred Marshall 4. A.C. Pigou a. Welfare b. Classical c. Socialist d. co-classical e. Institutional Section - B Very Short Answers (30 - 50 words) (10 x 2 = 20) 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. State the economic doctrine of physiocrats. State Malthusian perception of the economy State the theory of surplus value by Karl Marx What is meant by marginal school? Name any two economists of Austrian school What do you mean by Comparative Static? Mention any two Nobel laureates since 1985 State the most important contribution of Dr. Ambethkar What is meant by Gadgil Plan? Mention any four points of the 20 point programme of the former Prime Minister Mrs. Indira Gandhi Section C Short Answer Questions (5 x 6 = 30) 20. 21. Narrate the contributions of David Ricardo What is the contribution of Marginal school?

22. 23. 24. 25. 26.

Enumerate the Pigouvian ideas of welfare economics Outline the contributions of Dadabai Nauroji Write a note on Trusteeship What is Nehrus contribution to Indian Economic Development? Trace the recent trends in Indian Economic thinking

Section D (2 x 20 = 40) Long Answer Questions (2 x 20 = 40) 27. 28. 29. 30. Critically examine the rise and fall of Marxism Examine the relevance of Keynesian economics to developing economy. Explain the Walrasian General Equilibrium Theory. Evaluate the contribution of Dr. V.K.R.V. Rao.
Objective type Non-objective type Total No. of Questions

Unit/ Type of Question Multiple Choice I II III IV V VI VII VIII IX X Total No. of Question Unit

T/F

Fill

Matching

1 1 1

1 1 1

V. Short answer questions 1 1 2 1 1

Short answer questions 1

Long answer questions 2 5 5 2 2 1 4 2 3 6 32

1 1 1 1

1 1 1 1 4

1 1 1 2 10

1 1 2 6

1 4