03 September 2014
1) A number of production lines were reserved for the small scale sector in the pre-liberalization period. Did such reservation achieve its objectives? Explain in detail (300 words)
2) Distinguish between Currency Board Arrangement and dollarization. Why would a nation adopt one or the other? (150 words)
3) What is prisoner’s dilemma? How is it related to a strictly dominant industry? (150 words)
