1. a) What are the different view points about the role of the government in an economy?
b) What according to you are the areas of the economy where government intervention is considered desirable?
2. What do you understand by the term `Removal of Quantitative Restrictions’ and what are their implications?
3. Identify the major factors that have been responsible for inflation and what policy measures have been taken by the government to tackle this problem?
4. What are the basic objectives of a fiscal policy?
Analyse the objectives given in Table 21.1 (Unit-21, Block-5) and put forward your arguments as to:
i) Whether they are conflicting or not? Explain how?
ii) Which ones should be given greater priority in a developing country?
b) What according to you are the areas of the economy where government intervention is considered desirable?
2. What do you understand by the term `Removal of Quantitative Restrictions’ and what are their implications?
3. Identify the major factors that have been responsible for inflation and what policy measures have been taken by the government to tackle this problem?
4. What are the basic objectives of a fiscal policy?
Analyse the objectives given in Table 21.1 (Unit-21, Block-5) and put forward your arguments as to:
i) Whether they are conflicting or not? Explain how?
ii) Which ones should be given greater priority in a developing country?