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TYBCOM Sem V Lect 1
TYBCOM Sem V Lect 1
TYBCOM Sem V Lect 1
Department of Economics
2022-2023
TYBCOM
Semester – V
2022-23
(Revised Syllabus 2018)
Business Economics
(Macro Economic Aspects of India)
Syllabus in Nutshell (Semester V)
Module I Module III
(Macro Economic Overview of India) (The Industry and Service Sector During Post
Reform Period)
• Overview of New Economic Policy
• Policy Measures, Competition Act 2002
• Social Infrastructure (Education, Health and Family
Welfare) • Disinvestment Policy
• Sustainable Development Goals and Policy Measures • MSME Sector
• Industrial Pollution in India
• Foreign Investment Policy Measures
• Service Sector
Module IV
Module II (Banking and Financial Market)
(Agriculture During Post Reform Period) • Banking Sector
• National Agriculture Policy 2000 • Insurance Industry
• Agricultural Pricing and Agricultural Finance • Money Market
• Agricultural Marketing Development • Capital Market
Max Marks : 100 Duration : 3 Hrs.
Question No Particulars Marks
1 Objective Questions (Multiple Choice/ True or 20
False/ Match the Following/ Fill in the Blanks)
A. Answer 10 out of 12
Question
B. Answer 10 out of 12
Paper
2 Long Question
OR
Long Question
15
Pattern
3 Long Question 15
OR
Long Question Full Long Questions of 15
Marks might be divided into
4 Long Question 15 two sub questions of 7/8
OR and 10/05 marks
Long Question
5 Long Question 15
OR
Long Question
6 A. Theory Question 10
B. Theory Question 10
OR
Short Notes (Any 04 Out of 06) 20
Module I
(Macro Economic Overview of India)
Topic 1. Overview of New Economic Policy 1991
Introduction and Rationale of New Economic Policy (NEP) 1991
• This policy was launched by Former PM of India Mr. Manmohan Singh, under the leadership of then
PM P. V. Narasimha Rao, on 24th July, 1991 .
• With the NEP Indian Economy witnessed the exposure to the global competition.
• Owing to this Policy, in India LPG Model of Growth introduced.
• Accordingly import duties reduced, reserved sector opened up for the private players, Indian currency
was devalued to increase the export.
Causes/ Reasons of the NEP 1991
1. Worsening Fiscal situation with rising non-development and revenue expenditure. For e.g. interest
payments, subsidies and so on.
2. Fallen Forex to less than US $ 1 Billion on the backdrop of Gulf War led Crude Oil Price Rise and
reduced foreign remittances preceded BoP Crisis and Crisis of Confidence in the Government
Management.
3. High Inflation especially due to administered petroleum prices and soaring indirect taxes.
Objectives of NEP 1991
OBJECTIVES
• To make Indian economy market oriented by reducing all unnecessary obstacles.
• To reduce inflationary pressure and make available international flow of goods and
services to India.
• To build up sufficient foreign exchange reserves.
• To encourage private players in all the sectors of the economy by decreasing
government presence.
Important Policy Measures of NEP 1991