Paper-4- Economy and Development
National Income Discuss the sectoral trends in national income in India over the past decade. * Challenges in calculating National Income Nominal Income vs Real Income * Extra: Changes in calculating National Income - Not so important Poverty and Unemployment Define income-based poverty and non-income poverty. How is poverty measured in India? Explain the Capability Approach and the Human Poverty Index. Analyze the trends in poverty reduction in India in the last 20 years. What are the concepts and estimates of unemployment in India? Discuss the trends in unemployment and the impact of economic policies on employment. Money and Banking Explain the concept of money supply and its different measures. What are the major reforms introduced in the Indian banking sector? How does the Reserve Bank of India regulate credit in the economy? Describe the role of non-banking financial institutions in India. Public Finance What are the main components of the tax structure in India at the centr...