BBA503 - ECONOMIC PLANNING AND POLICIES

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ASSIGNMENT

DRIVE WINETR	SPRING 2014
PROGRAM	BBA
SUBJECT CODE & NAME	BBA503 - ECONOMIC PLANNING AND POLICIES
SEMESTER	v
BK ID	B1851
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1  Identify the economic and non-economic factors which play a role in developing economy.

Answer : We know very well that Economic Development is a wider concept than Economic Growth. Economic growth is concerned with just quantitative changes m the economy consequent upon changes in stock of capital, changes in stock of labor and changes in natural resources etc. Whereas economic development not only brings quantitative changes, but also the qualitative changes in the economy attached with social, cultural, institutional and political changes in the economy. It means that in the process of economic

2  Discuss the limitations of National Income estimation in India.

Answer : There are many difficulties in measuring national income of a country accurately. The difficulties involved in national income accounting are both conceptual and statical in nature. Some of these difficulties involved in the measurement of national income are discussed below:

Non Monetary Transactions

3  Explain the objectives of economic planning in India.

Answer : Planning without an objective is like driving without any destination. There are generally two sets of objectives for planning, namely the short-term objectives and the long-term objectives. While the short-term objectives vary from plan to plan, depending on the immediate problems faced by the economy, the process of planning is inspired by certain long term objectives. In case of our Five Year plans, the long-term objectives are:

(i) A high rate of growth with a view to improvement in standard of living.

(ii) Economic self-reliance;

(iii) Social justice and

4  Analyse the reasons for the expansion of public sector enterprises in the context of economic planning in India.

Answer : At the time of independence, India was backward and underdeveloped – basically an agrarian economy with weak industrial base, high rate of unemployment, low level of savings and investment and near absence of infrastructural facilities. Indian economy needed a big push. This push could not come from the private sector because of the lack of funds and their inability to take risk with large long-gestation investments. As such, government intervention through public sector was necessary for self-reliant economic growth, to diversify the economy and to overcome economic and social backwardness.

6  Analyse the objectives of the Thirteenth Finance Commission.

Answer : The Thirteenth Finance Commission ( 13th FC) recommendations relating to urban local bodies inter alia aim at strengthening municipal finances and urban governance in India. The 13th FC, making a departure from the previous Finance Commissions, divided the grants to be distributed to the states for local bodies into two parts - general basic grant and general performance grant.

Objectives of 13th Finance Commission

Dear students get fully solved  SMU BBA Spring 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601