Attempt any 2 questions out of 3 questions carrying 10 marks 1 ldquo Inflation management ...........

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

1. “Inflation management requires synergy between monetary and fiscal policy.”elaborate. 

2. Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments. 

3. How globalization has led to the reduction of employment in the formal sector of the Indian economy? Is increased informalization detrimental to the development of the country?