1. Consider the following table
Services Share in G.D.P.(%)

1950-51 1960-61 1970-71 1980-81 1990-91 2000-01 2004-05

Services 29.80 34.30 33.66 36.64 41.10 48.78 51.72

Mention the items included in the service sector.
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What do you learn from the table
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Try to account for the increasing role of services from demand 10
and supply side factors.
2.
How do the views of Keynes and New Classicals differ on the 4
need for perfect capital mobility
What are the risks associated with free capital mobility 8
Does capital mobility have any impact on monetary policy 8
3. Look at the following table
Distribution of Land Holding in India During 1982 to 2003

Size of land holding Household of areas owned
(Hectares)
1982 1992 2003 1982 1992 2003
Marginal 66.64 71.88 79.60 12.22 16.93 23.05
Small hectares) 14.70 13.12 10.80 16.49 18.59 20.38
Medium hectares) 6.45 4.54 3.00 29.83 26.07 23.08
Large (10 hectares 1.42 0.88 0.60 18.07 13.83 11.55
and above)
Source NSS 59th Round.


What are the characteristics that come out of the table
In what ways can inequality in land holding affect rural
poverty
How do you calculate per capita availability of foodgrains
What does it indicate
4. " Employment increased at 2.04 per cent. per annum during 1983 and
1993. The rate of growth decelerated to 1.85 per cent. per annum
during 1993-94 — 2004-05. "
Do you think that a deceleration in growth rate necessarily gives
rise to higher unemployment
A worker Performance Function is written like this
Where P performance rating.
Ed formal education in years.
Ex work experience.
Ft formal training at the work place.
Ut error term
Do you think that it is an adequate description of worker
performance Explain.
What do you understand by labour market rigidities
5. Consider the following table
Pattern of annual private final consumption expenditure on food items
at 1993-94 prices (Rs. Crore) and of expenditure in brackets.
Items/Year 1950-51 1960-61 1970-71 1980-81 1990-91 2000-01
Total food 78641 108104 145172 143064 268816 354364
Cereals and 23530 36676 48384 58280 79454 77998
bread (29.92) (33.43) (33.33) (30.19) (29.56) (22.10)
Pulses 6218 8609 7991 9661 12846 9821
(7.91) (7.96) (5.50) (5.00) (4.78) (2.77)
Does the hypothesis "per capita cereal intake in India has not
increased over the years seem acceptable
Discuss the factors that might have led to this situation.
Is it something that should cause concern
6. Which are the variables that measure economic freedom enjoyed
by citizens
Do you think that government intervention at the cost of lower
economic freedom is desirable to promote growth
7. What are the objectives of Indian monetary policy
Bring out the chief features of monetary policy as it prevailed
upto 2002-03.
Write down your perception of monetary transmission mechanism
and intermediate targets.
CON 510 5
Turn over
Marks
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P . a0 . a1 Ed . a2 Ex . a3 Ft . Ut

CON 510 6
8. Given a production function Y.Ao e.t L. K.
Show that factor shares are constant.
Convert the function into log form.
Suppose you are trying to find out the shift in production
function, shift in returns to scale and shift in labour elasticity of
output over two time periods. How would you formulate your
null and alternative hypotheses
9. What are the major sources of dispute for industrial labour in India
How do they get revealed Show how workers, trade union leaders
and management personnel get involved in disputes. What is the
general procedure for settlement of grievances
10. A survey was carried out on the working of a public transport system
in a metropolitan city. Its first task was to fit a production function.
Which variables one should was to represent output levels
What will be the fixed factors of production
What will be the variable inputs
If the production function is of the form—
What do bi and . bi indicate
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b1 b2 b3 b 4
1 2 3 4 X . Ax x x x