1.
Explain the value-added, income and expenditure methods of estimating national
income.
Approach:
Briefly explain the concept of national income.
Explain the value added, income and expenditure methods of estimating national income.
Conclude with a brief note on the methods employed in India.
2.
Explain why Micro, Small and Medium Enterprises (MSME) sector is regarded as the ‘growth
engine’ of the Indian economy. Suggest key reforms that are required for improving the overall
business climate for MSMEs in India.
Approach:
Highlight the reasons as to why MSME sector is considered as the growth engine of Indian
economy.
Briefly mention the issues facing this sector.
Suggest reform measures for improving the overall business climate for MSME sector in India.
