Economics is one of the ancient areas of study and exploration. The development in human kind is somehow related to the study done in economics. Master degree in this field is an important one as it enhances the job opportunities for them.

What is taught in this paper?

The paper is the study of production, distribution, consumption and development of goods and services, the whole thing runs over the ideas of innovative mind and students are trained to be that.

Importance of Indian Economic Policy Paper:

Indian economy policy is a vital thing after 1991 and the change in Indian economy after that is an important thing to observe for the economist.

Paper Pattern:

The paper of Indian economy policy paper is a descriptive one, there are 13 questions in the paper and these questions are divided into 2 sections; Section A is of 8 questions from which 4 are to be attempted, these questions are of equal marks and answers of these questions should not be less than in one page. Section B is of 5 questions from which 3 are to be attempted and each is of equal marks, answers of these questions should not be answered in less than 3 pages.

Frequently asked questions:

The questions asked in the paper are human resource development in Economic Development, importance of “small scale” sector, and reasons for “Industrial Sickness”, importance of “food security” in a country, define MNCs etc.

Marks and time:

The total marks are 100 in this paper and time allotted for the paper is 3 hours only. The questions in Section A are of 10 marks each and questions in Section B are of 20 marks each.

Recommended Books:

• India’s Economic Policy ByBimalJalan
• Glimpses of Indian Economic Policy by I.G. Patel