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Economics-2014: Answer Writing Challenge – 35


16 October 2014

Q1) In the contemporary world of perfect capital mobility and fixed exchange rates why is the monetary policy ineffective to maintain equilibrium ? (20 Marks)

Q2) Elaborate upon Gandhian versus Nehruvian visions of India’s development. Do you think Gandhian approach is again attracting scholars and the people? Give Reasons. ( 30 Marks)