Unit IV 15 Hrs Foreign sector issues- Pattern of trade, Trade partners, Balance of Payments, Current account convertibility, Exchange rate regime in India, Capital account liberalization, Foreign exchange management. Fiscal Policy:-Budget, Revenue and expenditure of the Union Govt., Fiscal deficit, Budget deficit, monetized deficit, deficit financing. ![]() Unit III: 10 hrs RBI and Monetary Policy: - Major instruments and Trends in Post reform period. Unit II 10 Hrs Indian Monetary System & capital Market- the Structure, Reforms in the capital Market, Money market reforms, Outline of the money & capital market. ![]() Subject Code: 404 Subject Name: Indian Economy II Unit I 15 Hrs Banking in India- Financial system in India, The role of RBI and its functions, Baking sector reforms Narsimhan Committee Recommendations 19, non-Banking Financial Corporations.
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