1. What do you understand by inflows of foreign capital? Discuss various forms of such capital inflows.

2. Explain the concept of environmental accounting. What are the main objectives of environmental accounting? Point out the major approaches to environmental accounting.

3. Distinguish between the human development and human resources approaches to the social sector. Discuss how the social sector is treated in the Indian national income accounts.

4. What are different kinds of consolidated accounts of a nation? Discuss consolidated accounts of India.

5. In what way can per capita income be considered as an indicator of standard of living in a country? Discuss its limitations as an indicator of economic welfare.

6. Explain the concept of transfer payments. Distinguish between current and capital transfers. State different kinds of current transfers.

7. Define consumption. What are the sources of consumption expenditure? Examine problems in estimating consumption expenditure.

8. Explain the concept of services sector. What are its components? Point out its importance in a growing economy.

9. Briefly state the relationship between investment and growth. How is investment measured in India?

10. Why do we distinguish between national wealth and national capital? Point out the significance of national capital for an economy.

11. Define any three of the following:

Factor payments

Incremental capital -output ratio

Unorganised sector

Net indirect taxes