UIT RK Valley (Idupulapaya) Rajiv Gandhi University of Knowledge Technologies - Andhra Pradesh Acadet Year 2022 - 23: Semester 2 End Semester Test Computer Science and Engineering (CSE) Economic Policies af India R17 Batch & Regular Date of Examinatior Max Marl 29April, 2023 if) A (18 Marks)& PART-B (42 Marks) ‘The Question Paper Consists of two parts: PART- PART-A 18ed Mark= 18 PART-A consists of 18 Objective Questions Answer All Questions, Each Question Carries | Mark ‘Time: §4 Minutes 1, What was the amount received by India as a loan from the International Monetary Fund (IMF) in 1980s? a) $ 6 billion c}$ 7 billion b) $6.5 billion 4) 8 billion 2, Which policy invalves integrating Domestic economy with the World economy? a) Globalization ¢) Liberalisation b) Privatisation d) None of the above 3. Following the New Economic Policy, which sector mainly drives the growth of Indian economy? a) Agriculture ¢) Industry b) Service d) Construction 4. Read the following statement given below and choose the correct alternative Statement I- IMF facilitates world trade Statement 2- WTO was founded as the successor of IMF a) Both are correct b) Both are incorrect ¢) Statement | is correct and statement 2 is d) Statement | is incorrect and statement 5. Which of the following industries were exclusively correct alternative) a)Railway transport b)Communication 6. People who are always below poverty line a) Chronic poor b) Seasonal poor 7. Prime Minister's Rozgar Yojana was started in a) 1995 c) 1991 b) 1993 d) 1998 8. Chuming poor and occasionally poor are collectively called__._ (a) Occasionally poor c) Churning poor d) Always poor b) Transient poor coreest erved for public sector.( Choose the transport of the ¢) Always Poor d) None of these9, Read the following statement given below and choose the correct alternative Statement 1- The causes of poverty lie in the institutional and social factors . Statement 2- The main victims of caste, religion and other discriminatory practices are rich people a) Both are correct b) Both are incorrect ¢) Statement | is carrect and statement 2 is incorrect 10. Read the following statement given below and choose the correct alternative Assertion (A) Poverty and illiteracy go hand in hand Reason ( R)- Due to poor living conditions and lack of resources parents are unable to send their children to school a) Both assertion and reason are true. Reason is the correct explanation of assertion b) Both assertion and reason are truc. Reason is not the correct explanation of assertion c) Assertion is true but reason is not d) Reason is true but assertion is not V1. Due to increase in demand of foreign currency, there is .... in the value of domestic currency. a) Appreciation cy Devaluation b) Depreciation 4) Revaluation 12, Government has to hold huge reserves of foreign exchange to stabilize foreign exchange rate in the presence of rate. (Fill sn she blank with the correct alternative). a) Flexible exchange rate system c) Fixed exchange rate system ) Floating exchange rate systen d) Managed floating exchange rate system 13. Read the following stztement given below and choose the correct alternative Assertion ( A)- Under fixed exchange rate system, exchange rate is independent of demand and supply of foreign exchange Reason ( R)- Under fixed exchange rate system, exchange rate is officially declared by the government a) Both assertion and reason are true. Reason is the cosrect explanation of assertion b) Both assertion and reason are true. Reason is not the correct explanation of assertion ¢) Assertion is true but reason is not d) Reason is true but assertion is not 14. The fraction of deposits to be kept by the bank, which cannot be given as loans is called a) CRR c) LRR b) SLR d) None of the above 15, Read the following statement and choose the correct alternative Statement I- Anything which is generally accepted as a medium of exchange, measure of value and standard of deferred payment is called money Statement 2- Amount of money held by public and circulated at any period of time is called money supply @) Both are correct ¢) Only 1 is correct b) Both are wrong d) Only 2 is correct16. In the present world, the act of purchase of goods, and sale of goods have been separated duc to the existence of money, This has been facilitated by which of the following functions of moni a) Measure of value ¢) Store of value b) Medium of exchange 4) None of the above 17, Revenue deficit is computed as a) Revenue Det Revenue expenditure — Total receipts b) Revenue Deficit = Revenue expenditure — Revenue receipts c) Revenue Neficit = Revenue expenditure — Revenue receipts d) None of these 18. Revenue receipts neither create___nor reduce, the __ of the Government. An asset c) Revenue, Expenditure liability d) None of these PART-B ‘Time: 126 Minutes Gx7 Marks= 42 Answer ALL Six Questions. Each Question Carries 7 Marks LW ‘a. What are the main objectives of economic development? What factors affect the economic growth of India, and list them? b. The concept of the Human Tzvelopment Ind Write short notes on the 11". and what are 4 c. Where does India ran? ountti BRICS nations, and » ? (HDI) was propounded by whom? dimensions, in the HDI in 2019? What are the BRICS against NATO? (5 M)(7 M) to Village Mission’, Do you concur with (7M) "schemes and activities in details?(7M) this viewpoii Discuss the Indian gover (B) Delineate the major challenges in « q unemployment and growth retrogress. in the Indian economy of recent time suief policy suggestions to meet them. (7M) 3. (Ay A brief appraisal of India's post-LPG programmes in terms of (a) agricultural reforms, (b) disinvestment reforins, and (c) fiscal reforms. (7 M) oR (B) Do you believe that the federal system is preferable in terms of finances for a nation like India with so much economic diversity? Justify your responsein at least ten sentences.(7 M) 74. OT a. Why were LPG OR NEP reforms introduced in India (only three points NO details)? What are the three heads of LPG OR NEP reforms introduced in India? b. When was LPG reform introduced in India? Who proposed the LPG model of economic development in India? cc. Whatis meant by disinvestment in India? What is the purpose of disinvestment? d, Is the service sector contributing the maximum to the GDP of an economy post-LPG reforms (YES/NO)? India has certain advantages which make it a favourite outsourcing destination. What arc these advantages? (7 M)A 70 oR (B) What are the strengths and weaknesses of the Indidn money market? Mow much have changes to the Indian money market since 1991 improved how it operates? (7 M) $y i PY what isa financial sector? Give an example, Who is regulating the financial sector in India? Who are foreign institutional investors (PID? What are the three banking sector reforms introduced in 1991? ; . Wat ted to Sircill’s Tragedy in Telangana (only two points)? What are the world trade organization's (WTO) purposes? (7 M) ‘ oR (B) Subsidies contribute to huge inefficiency end corruption in Indian society. They must be rationalised and eventually phased away. Do vou agree with this point of view? Explain your response in the context of Indian agriculture. :7 1) 6, The collapse of Silicon Valley Bank ane Sig sture Bank in the US sent ripples through the financial markets worldwide at the beginning of second week of Murch 2023. Stock markets sank worldwide, with banks si ‘on comienion feer alice the collapse of two lenders. ‘The Jestruction of Silicon Valley Bank, — <-y lendet 1 £1 startups siace the 1980s, has also affected ps in India, including ve hittic daily cash needs and other running ane of Se most influential banks in global bank anc © long-time rival, on 19-03-2023. The Swiss government ane 1s Srokered the dest ina bid not just to contain the crisis of confidence in Credit © ortedly faced withdrawals of close to S10 billion last week, but also to sf, jae to other banks. The Swiss National Bank also provided more than $100 bit}; " iS to help facilitate the dent, Based on the above stateme: and disens ing this topic, please answer the following questions. a. Is the current federal reserve or central bi culprit in the coilapse of Silicon Valtey Bar your answer in one sentence b. Could the Silicon Valley Bank and Signature Bank Crisis End Blockchain-based eryptocurrency Winter? What do Silicon Valley Bank and Signature Bank's failure mean for cryptocurrency? Why is Bitcoin called cryptocurrency? Is cryptocurrency safer than Banks (YES/NO)? Are eryplocurrency and bitcoin the same (YES/NO)? ¢. Are cryptocurrency uses encryption (advanced coding for storing and transmitting cryptocurrency data between wallets and public ledgers) to verify transactions? (YES/NO). . 7 f. Asa final-year computer engincering student at this institute, ean you suggest some coding lo create our own cryptocurrency? (7M) OR spr hos were the causes of price increases in India in the 1980s and 1990s? Also, cent price inflationary pressures in terms of coat-push and demand-pull ictors.(7M) policy of increasing the interest rate the & snd Signature Bank (YES/NO)? Justify ee teoewnnns