ECONOMICS
Paper- I
Time Allowed: Three Hours Maximum Marks: 300
INSTRUCTIONS
Candidates should attempt all questions strictly in accordance
with the instructions given under each
questions. The number of marks carried by each question is
indicated at the end of the question.
SECTION A
1. Answer any three of the
following questions. Each answer should not exceed 200 words.
20x3=60
(a)
What is the backward rising input supply curve? Illustrate with the help of
suitable example.
(b)
With the help of suitable diagram, elaborate Cournot Model. What is the
significant of reaction curve in the
model?
(c)
What are the different kinds of disequilibrium in balance of payment? Suggest
some measures to solve the
problem
of structural disequilibrium in balance of payments.
(d)
What are the desired structural changes required for achieving the objective of
economic development.
2. “Welfare Economic is a
branch of economic theory which provides a theoretical framework for optimum
use of
resources”.
In the Light of above statement, examine the main areas of welfare economics.
60
3. Outline the Keynesian theory
of money and interest. What is the role of expectation in the theory of
determination
of rate of interest? 60
4.” The adjustment to a tax
imposition not only affects the distribution of tax burden but also bears upon
the
efficiency
of resource use in the private sector”. Substantiate the statement highlighting
the role of taxation policy in
improving
allocation efficiency in economy. 60
SECTION B
5. Answer any three of the
following questions. Each answer should not exceed 200 words.
20x3=60
(a)
“The Ministerial Declaration adopted at Hon Kong addresses some of the concerns
of developing countries
related
to agriculture”. Comment upon the statement. What were the time frames and
targets in specific areas
decided
in the declaration?
(b)
Discuss the Lewis Model of economic growth. Do you think the model is
applicable to the Indian Development
progress?
(c)
“Under the flexible foreign exchange rate scenario devaluation has become
redundant”. Comment upon the
statement”.
(d)
Explain Sustainable development.
6. “Heckscher-Ohlin theory does
not invalidate the classical theory of comparative cost but rather powerfully
supplements
it” . Substantiate the statement. 60
7. What are the human
development indices used for international comparison of status of development?
Elaborate
the methodology used for developing Human Development Index. 60
8. “With the change in economic
policies, relative role of market and state also change”. Do you agree with the
statement?
Illustrate your answer with the help of suitable examples. 60
Paper- II
SECTION-A
1. Answer any three of the
following questions. Each answer should not exceed 200 words. 20x3=60
(a)
Give a critical account of the development of India
(b)
Discuss the nature and incidence of the problem of rural poverty in India
solve
it?
(c)
Examine the role of indirect taxes in India
(d)
Is Economic planning relevant in the context of the Globlised Economy of India
2. Discuss the impact of World
Trade Organization ( WTO) on Indian Agriculture. 60
3. Explain the nature and the cause
of inflation of India
control
it. 60
4. Make a critical assessment of
National Rural Employment Guarantee scheme in India
SECTION-B
5. Answer any three of the
following questions. Each answer should not exceed 200 words. 20x3=60
(a):
Examine the Progress of Tax Reform in India
(b).
Comment on the recent moves towards liberalization and their effects on Indian
industry.
(c).
critically examine the functioning of Indian Money Market.
(d).
Is privatization a boon or a bane in India
6. Write a detailed note on
the import-Substitution and export promotion strategy of India
7. Discuss the need for and
justification of Banking Reforms in India
8. Critically evaluate the
reasons for fluctuation in agricultural price in India
optimum
agricultural price policy regime for India
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