Economic Growth Development


                                                                                                                                                                        This is a dynamic E-Book comprising the below UPSC Mains Model Questions as well as their answers written by GKToday team. The PDF E-Book can be instantly downloaded after payment. No Hadcopy is provided.
                                                                                                                                                                      1. Though 100 percent FDI is already allowed in non-news media like a trade publication and general entertainment channel, the Government is mulling over the proposal for increased FDI in news media for quite some time. What difference would an increase in FDI make? Critically evaluate the pros and cons.
                                                                                                                                                                      2. Critically examine the potential implications for small sector business and consumers.
                                                                                                                                                                      3. Discuss the impact of the GST implementation on inflation and GDP with special reference to the Make in India campaign?
                                                                                                                                                                      4. Discuss the key elements of fiscal policy of the government.
                                                                                                                                                                      5. "The overarching framework for India's fiscal policy is provided by the constitution."Amplify.
                                                                                                                                                                      6. "It appears that the FRBM act and the rules framed for fiscal discipline was an exercise in futility". Discuss suggesting steps towards fiscal discipline with reference to FRBM Act 2003.
                                                                                                                                                                      7. Differentiate between Induced and Autonomous Investments. Why governments try to boost the autonomous investment?
                                                                                                                                                                      8. Objectively differentiate between Demand-led, Investment-led and Consumption-led Economic Growth models. Which model suits to Indian Economy? Discuss.
                                                                                                                                                                      9. "Economic growth means more output … Development goes beyond this …".In the light of your answer, comment on the performance of the Indian economy since Independence.
                                                                                                                                                                      10. Distinguish between 'economic development' and 'economic growth'. What are the factors which determine economic development?
                                                                                                                                                                      11. Define economic development. Do you agree with the view that India has experienced growth but no economic development? Give reasons for your answer.
                                                                                                                                                                      12. Do you agree with the view that growth is a necessary but not sufficient condition for development? Substantiate your answer.
                                                                                                                                                                      13. What is Sustainable Development? Explain the features and strategies of sustainable development.
                                                                                                                                                                      14. What are the main characteristics of a developing economy? To what extent are they found in Indian Economy?
                                                                                                                                                                      15. Critically examine the bottlenecks in achieving rapid economic growth in India.
                                                                                                                                                                      16. What are the main causes of underdevelopment of India? Do you think that India is still an underdeveloped country?
                                                                                                                                                                      17. Higher growth rate of real national income of a country does not necessarily imply its development'. Explain.
                                                                                                                                                                      18. Critically discuss the factors that determine and influence the economic development of a country.
                                                                                                                                                                      19. Discuss the importance of Capital Formation in development, while throwing light on key obstacles to capital formation in underdeveloped economies from demand and supply side.
                                                                                                                                                                      20. Discuss the role of capital formation in India's economic development. Would you agree with this view that domestic saving constitute enough potential for development?
                                                                                                                                                                      21. Differentiate between human capital and physical capital. What are the sources of human capital formation?
                                                                                                                                                                      22. How is human capital different from human development? How can the process of human capital formation be accelerated?
                                                                                                                                                                      23. What factors contribute to the process of human capital formation? Explain the significance and success of educational programmes in India in the context of human capital formation.
                                                                                                                                                                      24. Investment in health and education are the principal sources of human capital formation. Critically evaluate.
                                                                                                                                                                      25. Discuss the reasons and extent of regional disparity in India. What role has been played by Finance commission to fill the gulf of regional disparity?
                                                                                                                                                                      26. Independent India chose the path of socialism because that was the dominating thought when British left India. Assess Critically.
                                                                                                                                                                      27. "Economic Development must bring some notable changes in the structural, institutional and technical set up."Throw light.
                                                                                                                                                                      28. What is Shetkari Sanghatana? What role has it played in the Indian Economy? Discuss.
                                                                                                                                                                      29. It is very rare that in recent times, India's Nominal GDP is lower than Real GDP. While throwing light on reasons of the same, discuss how it affects producers, consumers and economy as a whole.
                                                                                                                                                                      30. What special policy measures you would suggest for full financial inclusion of the disabled? Discuss keeping in focus the problems faced by persons with disabilities in the aftermath of demonetization.
                                                                                                                                                                      31. Why it is argued that development model should be demand-driven? Discuss.
                                                                                                                                                                      32. In India, the capital market reforms have been much easier in comparison to banking or insurance. Justify the statement giving appropriate reasons.
                                                                                                                                                                      33. What are the main shortcomings of using GDP as a measure of economic growth? Discuss while suggesting alternative measures for the same.
                                                                                                                                                                      34. What is market cap-to-GDP ratio? What does it indicate? Discuss with focus on India's market cap-to-GDP ratio.
                                                                                                                                                                      35. Make a critical assessment of the economic situation in current times in India. What short term and long term measures would you suggest to address the situation? Discuss.
                                                                                                                                                                      36. Can the economic growth due to credit based consumption without the increase in investment be sustainable? Discuss keeping India in focus.
                                                                                                                                                                      37. Industrial growth rate has lagged-behind in the overall growth of Gross-Domestic-Product (GDP) in the port-reform period. Give reasons. How far the recent changes in Industrial Policy are capable of increasing industrial growth rate?
                                                                                                                                                                      38. With appropriate figures, discuss the significance of household sector in Indian economy.
                                                                                                                                                                      39. The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view? Give arguments in favor of your answer. [UPSC, 2015]
                                                                                                                                                                      40. The measurement of growth using the concept of GDP is one of the key factors that contribute to reduce poverty and uplift the living standard of the people. Discuss the rationale of Inclusive Growth in this context.
                                                                                                                                                                      41. What are the major macroeconomic challenges before the Indian economy today?
                                                                                                                                                                      42. Discuss what factors cause fall of global FDI flows considering the fall of the global FDI flows in 2018.
                                                                                                                                                                      43. How do you see the effect of the new GDP series on the fortunes of states in India?
                                                                                                                                                                      44. What in your opinion has been the role of KVIC in India in terms of job creation in the last 5 years?
                                                                                                                                                                      45. What is the macroeconomic dilemma faced by the new Indian Government?
                                                                                                                                                                      46. The economy must be evaluated in terms of how much it contributes to he ease of our living. Comment.
                                                                                                                                                                      47. Indian economy presents a paradox of high savings rate with low-income and high savings rate with low growth rate. Analyse.
                                                                                                                                                                      48. What are the restrictions RBI has placed on the PMC Bank?
                                                                                                                                                                      49. Examine the impact of the corporate tax cut on the consumer prices
                                                                                                                                                                      50. What are the recommendations made by the task force on direct tax code on dividend distribution tax?
                                                                                                                                                                      51. Examine the causes of the economic slowdown in India.
                                                                                                                                                                      52. Highlight the standings of various countries in the Global Competitiveness Index, 2019. Discuss the factors which led to decline in the rankings of India.
                                                                                                                                                                      53. It is said that the world is heading towards another economic slowdown after the 2008 financial crisis. Examine the trends in economic growth across advanced and emerging economies.
                                                                                                                                                                      54. It is said that current situations has made an economic slowdown inevitable. Examine how the US ha been at the centre of these factors resulting in slowdown
                                                                                                                                                                      55. The rate cut by the RBI is expected to address the two structural issues haunting the Indian Economy. What are those issues?
                                                                                                                                                                      56. While India is expected to sustain its growth trajectory it is facing number of developmental challenges. Discuss in the light of the World Bank report.
                                                                                                                                                                      57. Discuss the trends in share of younger population in MNREGA workers.
                                                                                                                                                                      58. Indian Financial Sector is facing contagion Risk. Discuss the findings based on the report of S&P Global Ratings
                                                                                                                                                                      59. Can political instability at the state level disrupt the India growth story by disrupting the Indian Infrastructure buildup and discouraging foriegn investment in the country?
                                                                                                                                                                      60. As traditional models of capitalism fail to deliver on the needs of the society, discuss whether an alternative model of capitalism can rectify the current situation.
                                                                                                                                                                      61. Steps that RBI can take to Boost Growth
                                                                                                                                                                      62. The level of bad loans under PM Mudra Yojana have been increasing, analyse the steps which need to be taken to fix the Mudra Scheme.
                                                                                                                                                                      63. The once-iconic Air India has witnessed a disastrous fall in the last four decades. What steps should the government take to transform the embattled airline ?
                                                                                                                                                                      64. Are recent steps taken by RBI on the co-operative sector front enough or does the Reserve bank needs to do more?
                                                                                                                                                                      65. Who is a Fugitive Economic Offender (FEO) and what is the process of declaring a person as a FEO?
                                                                                                                                                                      66. The Government of India is considering a cut in personal income tax rates. Comment on whether a tax cut can help.
                                                                                                                                                                      67. With the Rajya Sabha passing the Recycling of Ships Bill, 2019 to regulate the ship recycling sector, explain why such a bill was needed and its provision?
                                                                                                                                                                      68. What is an International Financial Service centre ? Discuss the need for such an authority in India ?
                                                                                                                                                                      69. Comment on the collapse of the World Trade Organization’s dispute settlement mechanism and how it affects the countries.
                                                                                                                                                                      70. With Rising inflation and deceleration of the economy, Reserve Bank of India (RBI) in its fifth monetary policy has kept the repo rate unchanged . How does it fare for the economy and what measures can be adopted to boost the economy ?
                                                                                                                                                                      71. The government needs a fine balance between rationalising income tax rates and maintaining revenue collection. Comment.
                                                                                                                                                                      72. The government has recently made amendments to the Insolvency and Bankruptcy Code (IBC). Discuss the key changes being made and what will be the affects ?
                                                                                                                                                                      73. MUDRA NPA Issues
                                                                                                                                                                      74. Stagflation in India
                                                                                                                                                                      75. Economic growth: Going Forward
                                                                                                                                                                      76. GST & Its Design
                                                                                                                                                                      77. RBI's Operation Twist
                                                                                                                                                                      78. IMF suggestions to revive India's economy
                                                                                                                                                                      79. Compliance and Competitiveness with GST
                                                                                                                                                                      80. Government Policies and Economic Slowdown
                                                                                                                                                                      81. MDR charges and UPI
                                                                                                                                                                      82. GST Collections Fail To Reach Predicted Limit
                                                                                                                                                                      83. India Pushes Forward With Infrastructure Investment
                                                                                                                                                                      84. Disclaimer: These questions have been written and answered by GKToday team over the period of time; and have included some previous years questions also. While every effort was made to ensure that these questions as well as their answers remain relevent and correct, it is possible, that some facts or context in some questions might have changed over time. GKToday does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by such change of facts or context in the questions and answers of this E-book.

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