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ECONOMICS-2015: Daily Answer Writing Challenge -27

ECONOMICS-2015: Daily Answer Writing Challenge – 27

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  1. How does the policy mix of fiscal and monetary policies maintain equilibrium in balance Of payments and full employment?
  2. In the contemporary world of perfect capital mobility and fixed exchange rates, why is the monetary policy ineffective to maintain equilibrium?
  3. What are India’s gains under WTO regime with respect to

(i) Service sector,

(ii) Globe-Hex model