M.A. (Previous) Examination 2017 (held in 2018)
Economics (Paper V-D)
Comparative Economic System
Time: 3 hours Max.
Marks: 100
Instructions:
(1) Attempt any FIVE questions.
(2) All questions carries marks.
Q.1 Market
mechanism provides good solutions to the basic economic problems created by
scarcity and economic interdependence. Do you agree or not? Explain.
Q.2 What
is consumer's sovereignty in a market economy? Is consumers’ sovereignty
absolutely powerful in such an economy?
Q.3 Explain
comparative economic system? What benefits are expected from the study of
comparative economic system?
Q.4 Do
you think that welfare economies is a bridge between capitalism and socialism?
Explain.
Q.5 Describe
the salient features of Islamic Economic System and compare them with
Capitalism.
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Q.6 Discuss the
objectives of monetary policy and fiscal policy in an Islamic State.
Q.7 (a) Discuss the working of the price system
in an Islamic State.
(b) What problems are associated with the elimination of Ribah?
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