India has recently signed to become founding member of New Development Bank (NDB) and also the Asian Infrastructure Investment Bank (AIIB). How will the role of the two Banks be different? Discuss the strategic significance of these two Banks for India.

2Medium10 marks

WTO is an important international institution. What is its mandate, and how binding are its decisions? Critically analyze India's stand on the latest round of talks on food security.

3Mediummains13 marks

Important International institutions, agencies and fora - their structure, mandate

Some of the International funding agencies have special terms for economic participation stipulating a substantial component of the aid to be used for sourcing equipment from the leading countries. Discuss on merits of such terms and if, there exists a strong case not to accept such conditions in the Indian context.

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