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Economics-2014: Answer Writing Challenge – 19


24 September 2014

Q) Critically examine the Wiseman-Peacock hypothesis of public expenditure. How does public expenditure help in attaining economic stabilization and higher levels of production and growth ? Elucidate your answer. (250 Words)

Q) “If individual A is made so much better by the change that he could compensate individual B for his loss and has still something left over, then the reorganization is unequivocal improvement” In the light of the above statement outline Hicks criterion of welfare. (150 words)
Q) “Growth of Indian economy was not commensurate with level of investments during first four decades of planning ” Give reasons. (200 Words)