Discuss the role of money in the modern economy. What impact do the development of digital payments and central bank digital currencies (CBDCs) have on the traditional functions of currency? (250 words)
Inflation is not just a monetary phenomenon but also a structural challenge in developing economies. Analyze the causes and consequences of inflation in India. Suggest suitable policy measures to control it. (250 words)
Monetary policy and fiscal policy are complementary tools of macroeconomic management. Discuss their respective roles in controlling inflation, promoting growth and maintaining economic stability in India. (250 words)
Different economies adopt different mechanisms for resource allocation. Compare market economy, command economy and mixed economy. Why has India chosen mixed economy model? (250 words)
Analyze the changing contribution of primary, secondary and tertiary sectors in the economic development of India. Has the growth of the services sector been sufficient to ensure inclusive growth? (250 words)