MEC 008 ECONOMICS OF SOCIAL
SECTOR AND ENVIRONMENT
December 2019 Question
Paper
Time: 3
Hours] (Maximum Marks : 100
Note :
Attempt questions from both sections as per instructions.
SECTION-A
Note :
Answer any two questions from this section in about 500 words each :
1. What are
the main correlates of poverty ? Does marginalisation of some sections of
population leads to increase in the incidence of poverty ? Explain.
2. Discuss
the various determinants of private demand for education.
3. What are
'open access common property resources'Explain the problem of the tragedy of
commons.
4. Explain the problem of externalities with
the help of diagrams. Also explain how Optimal provision cannot be realised in
the case of public goods.
SECTION-B
Note :
Answer any five questions from this section in about 250 words each
5. Outline
the methods of 'valuation of environment'.
6.
Differentiate between the 'Basic needs concept' and the 'Calories based concept'
of poverty.
7.
Distinguish between use values and 'non-use value' of environment.
8. Explain
the role of natural resources in development.
9. How would
you measure inequality of income ? Explain with the help of a diagram.
10. Bring
out the distinction among human capital, manpower and human resources.
11. Explain
in brief the different options available for abating pollution.
12. Explain
in brief the major policy instruments for regulation ' of a monopoly.
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