Attempt any 2 questions out of 3 questions carrying 10 marks 1 Explain how Fiscal Policy can be...........

Attempt any 2 questions out of 3 questions carrying 10 marks :

1. Explain how Fiscal Policy can be used to control inflation, accelerate the rate of economic growth and achieve economic stability.

2.  Explain the difference between demand pull and cost push inflation? Discuss whether inflation is invariably bad for economy? 

3. India has continued to lag in the Human Development Index despite government efforts in this direction. Outline the reasons for the same. Suggest possible ways for securing Human Well-being in India?