ECONOMICS – Daily Answer Writing Challenge, 03 July 2014
1) Indian planning structure and system still remains largely in favor of a centralized system of planning. The 73rd and 74th Constitutional Amendments have hardly brought about any change in reality in the nature of Indian planning process”. Critically evaluate this statement .(300 words)
2) Analyze the effects of autonomous fall in the demand for a country’s export under fixed and flexible exchange rate systems. In each case, indicate the effects on the country’s balance of payments and on the exchange rate. (200 Words)
3) Describe the Bretton Woods system of exchange rate determination that was set up at the end of World War-II and lasted until 1973. (200 Words)
