MEC-205 Archives - IGNOU CORNER

MEC-205: Indian Economic Policy – Solved Assignment 2024-25 (All Questions)

MEC-205: Indian Economic Policy – Solved Assignment 2024-25 Presented below are fully solved answers to all the questions from the MEC-205 Tutor Marked Assignment (TMA) 2024-25. Each answer is crafted in simple English, following IGNOU’s academic standards, and useful for quick reference. “In a poor country like India, being unemployed itself does not ensure a […]

MEC-205: Indian Economic Policy – Solved Assignment 2024-25 (All Questions) Read More »

Write short note on the followings: i) Food security ii) Pricing paradox iii) Public private partnership iv) Employment elasticity

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Introduction This response presents brief but comprehensive explanations of four important concepts in economic policy: Food Security, Pricing Paradox, Public-Private Partnership (PPP), and Employment Elasticity. These concepts are critical in understanding the challenges and strategies in India’s development policy framework. i) Food Security Food security refers to a situation where all people, at all times,

Write short note on the followings: i) Food security ii) Pricing paradox iii) Public private partnership iv) Employment elasticity Read More »

Identify the barriers coming on the way of growth of the services sector in India? Which steps would you like to suggest to overcome these barriers?

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Introduction The services sector in India has emerged as a key driver of economic growth, contributing over 50% to the GDP and employing a large segment of the urban population. However, despite its impressive performance in areas like IT, telecommunications, banking, and tourism, the sector faces several barriers that hinder its potential for inclusive and

Identify the barriers coming on the way of growth of the services sector in India? Which steps would you like to suggest to overcome these barriers? Read More »

What do you mean by ‘fiscal imbalance?’ Which measures would you like to suggest to correct the fiscal imbalances?

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Introduction Fiscal imbalance refers to a situation where a government’s revenue generation falls short of its expenditures. In other words, it is a mismatch between the income and spending of the government, leading to fiscal deficits and increasing public debt. Fiscal imbalance can occur at both the central and state levels, and if not addressed,

What do you mean by ‘fiscal imbalance?’ Which measures would you like to suggest to correct the fiscal imbalances? Read More »

Explain any four major issues of concern in Indian agriculture. To what extent the diversification towards high value agriculture will be helpful to address these issues of concern?

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Introduction Agriculture is the backbone of the Indian economy, employing more than 40% of the workforce and contributing around 18% to the country’s GDP. Despite its importance, the sector continues to face several structural and systemic challenges. In this response, we will examine four major issues affecting Indian agriculture and analyze how diversification towards high-value

Explain any four major issues of concern in Indian agriculture. To what extent the diversification towards high value agriculture will be helpful to address these issues of concern? Read More »

Distinguish between economic growth and economic Development. Explain with illustration how economic development is a better measure of economic welfare.

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Introduction Economic growth and economic development are two important but distinct concepts in economics. While both relate to improvements in the economy, they differ in scope, measurement, and impact on people’s lives. This answer will explain the difference between the two and illustrate why economic development is a more comprehensive and better measure of economic

Distinguish between economic growth and economic Development. Explain with illustration how economic development is a better measure of economic welfare. Read More »

How are the inequalities of income measured in an economy? Examine the policy implications of income inequalities for wider spread poverty in India. Do you think that social protection can play important role in this regard?

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Introduction Income inequality refers to the unequal distribution of income among individuals or households within an economy. It has become a significant concern for policymakers in India due to its role in increasing poverty, limiting access to resources, and creating social divisions. In this response, we will discuss how income inequality is measured, its policy

How are the inequalities of income measured in an economy? Examine the policy implications of income inequalities for wider spread poverty in India. Do you think that social protection can play important role in this regard? Read More »

“In a poor country like India, being unemployed itself does not ensure a decent standard of living”- Do you agree? Give reasons in support of your answer.

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Introduction In India, unemployment is often misunderstood. While being unemployed in developed nations typically implies complete reliance on social welfare systems, in poor countries like India, the scenario is different. The statement, “In a poor country like India, being unemployed itself does not ensure a decent standard of living,” is highly accurate and reflects the

“In a poor country like India, being unemployed itself does not ensure a decent standard of living”- Do you agree? Give reasons in support of your answer. Read More »