Section A
Q1. Answer all six parts from this section. Answer to each should be in about 100 words :
(a) How was the economic crisis faced by India in the early nineties related to her internal fiscal imbalance?
(b) Describe briefly how resources are transferred from the Centre to the States in India.
(c) What are the consequences of black money in India?
(d) What are the various dimensions of poverty ? Has the economic reform package ultimately reduced the incidence of poverty in India?
(e) Do you think that the agricultural income in India should be taxed ? Give reasons for your answer.
(f) Mention the major trade policy reforms in India since 1991. How has it affected the structure of India's foreign trade?