Consider Figure 1, where DD and D’D’ represent the two different demand curves for a commodity in two different markets. Compare the two demand curves in terms of the price elasticity of demand.

B A Quantity Price

With respect to the demand and supply analysis, discuss the Walrasian equilibrium and the Walrasian stability condition.

Using appropriate diagrams discuss the income and substitution effects of a price change in case of an inferior good.

Discuss the various factors that distort the ability of Competitive markets to achieve efficiency.

 Using appropriate diagrams compare the level of production when there is a positive production externality with the production level when there is a negative production externality. How can the resulting inefficient production levels be corrected?

Write short notes on the following.
(a) Export Led Growth.
(b) Multilateralism.
(c) Organised Sector Unit.

Differentiate between:
(a) Micro & Tiny Enterprises and Small Enterprises.
(b) Repo Rate and Reverse Repo Rate.
(c) Fiscal Deficit and Revenue Deficit.

Analyse the trend in the industrial performance of India during the post-1991 phase.

Indicate the importance of agricultural sector in stimulating the overall economic growth of an economy.

Outline the two major types of fiscal policy along with its implications.

Discuss the policy initiatives of India during the period 2015-2020 for improving
the sectoral performance of the economy.

Explain the different instruments of Monetary Policy.Explain the different instruments of Monetary Policy.

Write short notes on the following.
(a) MPI.
(b) Objectives of PLFS.
(c) Key Features of NEP 2020.

Different betweeen:-

1. Absolute Poverty and Relative Poverty.
2. Horizontal Inequality and Vertical Inequality.
3. Physical and Social Infrastructure

Outline the measures initiated to combat poverty in India during the post-2010 years.

Explain the trends in ‘demographic transition’ in India.

Analyse the growth in the National Income of India over the different plan periods. 

Explain the policy implication for India in the context of conflict in ‘inequality or poverty’.

Discuss the trends in the ‘sectoral growth/changes’ in India over the period 1951-2019.

Write a travel article about your home town in order to attract trourists to visit it.