LUBIN SCHOOL OF BUSINESS
Pace University
FIN 680D/INC 670C/FIN 360A/ECO 395
India as a Market Economy
Prof. P.V. Viswanath

Fall 2009

Final Exam

Answer any three questions from Part I and the one question from Part II.  Use no more than one page for each one.

Part I:

  1. The major driver for growth post-1991, in India, has been in services, as opposed to manufacturing.  What are the reasons for this?  Do you think it is important for India to focus more on manufacturing?  Why or why not?
  2. What can you say about the similarities and the contrasts between the automobile markets in Brazil, China, India and Russia?
  3. Comment on Bijapurkar’s analysis regarding higher disposable income in India and its implications for the growth of consumer-oriented industries in India.
  4. What does Panagariya say about labor law, bankruptcy law and about the special provisions for small-scale industries and their role in attracting foreign investment and in the development of the industrial sector.
  5. Why should a country have a freely convertible currency?  Are there any reasons why there might be a difference between keeping the currency freely convertible for consumer transactions, but restricted for capital movements? 

Part II:

  1. What are some of the sectors in which the Indian government has gone in for Private-Public Partnerships (PPP)?  Why, in your opinion, have these sectors been selected for PPPs?  Do you think it is important for India to have PPPs?   Why or why not?
  2.  

    Undergraduate Finance Final Exam Question List

    1. The major driver for growth post-1991, in India, has been in services, as opposed to manufacturing. What are the reasons for this? Do you think it is important for India to focus more on manufacturing? Why or why not?
    2. To what extent does the corporate sector in India use the securities markets to raise funds?
    3. Discuss the heterogeneity across the Indian states from the point of view of education.
    4. In Chapter 3 of the Dreze and Sen book, we see that there is a lot of variation in different aspects of human welfare improvement across the different states. Comment on these and comment on how these variations have continued, deepened or reduced in the last ten years.
    5. What can you say about the similarities and the contrasts between the automobile markets in Brazil, China, India and Russia?
    6. Comment on Bijapurkar's analysis regarding higher disposable income in India and its implications for the growth of consumer-oriented industries in India.
    7. What does Panagariya say about labor law, bankruptcy law and about the special provisions for small-scale industries and their role in attracting foreign investment and in the development of the industrial sector.
    8. Why should a country have a freely convertible currency? Are there any reasons why there might be a difference between keeping the currency freely convertible for consumer transactions, but restricted for capital movements?

    9. What are some of the problems faced by the wine industry in India?
    10. What are some of the sectors in which the Indian government has gone in for Private-Public Partnerships (PPP)? Why, in your opinion, have these sectors been selected for PPPs? Do you think it is important for India to have PPPs? Why or why not?