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ECONOMICS-2015: Daily Answer Writing Challenge – 15

ECONOMICS-2015: Daily Answer Writing Challenge – 15


1) Balanced growth strategy of development in terms of pattern of investment has to be in conformity not only with derived demands but final demands as well.” Argue whether this statement is about avoiding bottlenecks for certain sectors and excess capacities in others or promoting import substitution. (2014 – 20 marks)


2) Our development strategy has been proposed in terms of ‘faster’, ‘more inclusive’ and ‘sustainable’ growth. Do the three components sit together well? Argue for your answer. (2014 – 10 marks)


3) Describe the different indicators that are used by UNDP to construct the HDI. Why is a logarithmic transformation applied only to per capita income in calculation of HDI? (2014 – 20 marks)