1.     According to the Economic survey 2010-11 what percentage growth was recorded by the manufacturing sector in 2010?
a.    9.1%
b.    8.6%
c.    7.3%
d.    8%
Answer: a

2.     As per the economic Survey of India 2010-11, the production of food grains is estimated at over 232 million tonnes with record production of which food crop?
a.    Rice
b.    Wheat
c.    Bajra
d.    Maize
Answer: b

3.    What is the percentage growth of GDP predicted by The Economic Survey for the financial year 2010-11?
a.    8.6%
b.    8.3%
c.    8.0%
d.    9.1%
Answer: a

4.      The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector?
a.    Export sector
b.    Foreign Direct Investments
c.    Agricultural output
d.    Industrial output
Answer: a

5.        Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fiscal Deficit in 2010?
a.    6.3%
b.    5.8%
c.    5.0%
d.    7.1%
Answer: a

6.   Agriculture is expected to grow by what percentage in 2010-11 as per the Economic Survey?
a.    5.0%
b.    5.1%
c.    5.4%
d.    5.5%
Answer: c

7.      What percentage of GDP growth at market prices was estimated by the Economic Survey 2010-11?    a.    9.0%
b.    9.5%
c.    9.7%
d.    10.0%
Answer: c

8.        Exports surged by what percentage in the period between April to December 2010?
a.    25.0%
b.    29.5%
c.    18.1%
d.    33.0%
Answer: b

9.     Finance Minister Pranab Mukherjee proposed to increase the Income Tax Exemption Limit for individual tax payers from 1 lakh 60 to _?
a.    1 lakh 80 thousand
b.    1 lakh 90 thousand
c.    2 lakh
d.    2 lakh 20 thousand
Answer: a

10. Which of the following was not proposed in the Union Budget 2011-12 presented by pranab Mukherjee?
1.    Special vehicles were proposed to be created in the form of Infrastructure Debt Funds to attract foreign funds.
2.    Rs. 300 crore expenditure was proposed to promote horticulture centres in rain fed areas for increasing crop productivity.
3.    For the manufacturing sector, the budget proposed reduction of basic customs duty on raw silk from 30 to 5 per cent.
4.    Concessional 10 per cent Excise Duty was also proposed for fuel cell or Hydrogen cell-technology-based vehicles.
a.    1 & 3
b.    Only 2
c.    Only 4
d.    3 & 4
Answer: b

11.     In the Budget it was proposed to provide sum of money for implementation of vegetable initiative to set in motion a virtuous cycle of higher production and incomes for the farmers. What was the proposed amount?
a.    Rs 500 crore
b.    Rs 300 crore
c.    Rs 10000 crore
d.    Rs 650 crore
Answer: b

12. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the beneficiaries of which of the following Union Government schemes?
a.  Mahatma Gandhi NREGA beneficiaries
b. Beneficiaries of Swavlamban pension scheme
c. Indira Gandhi National old Age Pension scheme beneficiaries
d.Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana
Answer: a

13. Acknowledging the need for development of J&K and North-east, Mamata Banerjee introduced in the Railway Budget 2011 a number measures for these two regions. In which of the following North-eastern cities did the budget propose to set up a diesel locomotive centre?
a.    Imphal
b.    Manipur
c.    Guwahati
d.    Tripura
Answer: b

14.    Read the two statements with regard to the passenger benefit plans proposed in the Railway Budget 2011.
1.The budget proposed extension of Train Management System to New Delhi, Bangalore, Secunderabad, Ahmedabad and Lucknow stations to provide information on running of trains.
2.Mamta Banerjee introduced a new concept of Smart Card – Go India for long distance travel by Indian railways.
Which of the two statements are true?
a.    Only 1
b.    Only 2
c.    Both 1 & 2
d.    None of the above
Answer: c

15. According to Railway Budget 2011, railway card passes would be extended to the parents of the unmarried posthumous winners of which of the following Awards?
1.    Param Vir Chakra
2.    Bharat Ratna
3.    Ashok Chakra gallantry award
4.    Padma Shri
a.    1 & 2
b.    2 & 3
c.    1, 2 & 3
d.    1 & 3
Answer: d

16. Which of the following schemes proposed in the Railway Budget 2011 is/are not meant for Railway Employees?
1.    Expansion of Liberalized Active Retirement Scheme for Guaranteed Employment
2.    Railway Vidyalaya Prabandhan Board
3.    Sukhi Griha Scheme
4.    Pradhan Mantri Rail Vikas Yojana
a.    1 & 3
b.    3 & 4
c.    2 & 4
d.    1 & 4
Answer: b

17. The electrical energy requirement of railways is growing rapidly with the expansion of the rail infrastructure and traffic. Considering the rising demand the Ministry of Railways proposed to set up 700 MW power plant at Thakurli in Maharashtra. The power plant is proposed to be based on what form of energy?
a.    gas-based
b.    coal-based
c.    solar power
d.    nuclear energy based
Answer: a

18.     Ministry of Railways proposed to extend Anti Collision Device (ACD) to which of the following Railway zones in India?
1.    Eastern zone
2.    East Central
3.    North Eastern
4.    South Central
a.    1 & 4
b.    2 & 4
c.    1 & 2
d.    1 & 3
Answer: c

19.     With regard to the infrastructure development of Railways as proposed in Railway Budget 2011 which statement/statements is/are false?
1.    The budget proposed to lay 40 new lines, covering 1075 km.
2.    The Ministry has allocated Rs 5406 crore for doubling of 867 km of lines
3.    A greater thrust was given to the expansion of the rail network with a larger allocation of Rs 9583 cr for new lines.
4.    for gauge conversion over 1017 km. Rs 13820 crore was proposed
a.    Only 1
b.    1 & 2
c.    Only 4
d.    2 & 4
Answer: c

20.     Read the two statements mentioned with regard to the budgetary allocations for addressing environmental concerns.
1.    The budget proposed that the solar lantern used in far-flung villages will attract no duty from 10 per cent charged earlier.
2.    To provide green and clean transportation for the masses, National Mission for Hybrid and Electric Vehicles will be launched in the year 2011 in collaboration with all stakeholders.
Which of them is true?
a.    Only 1
b.    Only 2
c.    Both 1 & 2
d.    None of the above
Answer: b

21.     To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA
Answer: a

22.    Read the following statements with regard to the allocation in the Educational sector as proposed by Union Budget 2011-12.
1. For Sarva Siksha Abhiyan the allocation was increased by 40 percent to 21000 crore rupees.
2. All institutions of higher learning will be connected through optical fibers by March 2012.
3. 500 crore rupees was proposed to be provided for national skill development fund.
4. For the needy scheduled castes ad scheduled tribe candidates studying in class-IX and Xth pre-matric scholarship scheme was proposed to be introduced.
Which of the above mentioned statements is not true?
a.    1
b.    2
c.    3 & 4
d.    4
Answer: b

23. The Basic Customs Duty exemption was proposed to be extended to which of the following sectors?
a. art and antiquities for exhibition or display in private art galleries
b. Cinematographic film, factory-built ambulances
c. syringes and needles
d. agricultural machinery
Answer: a

24.    What amount of money was allocated for Bharat Nirman?
a. 1000 crore
b.  58000 crore
c. 55438 crore
d.  14362 crore
Answer: b

25. Which of the following statement/statements is/are true with reference to the Railway Budget 2011?
1.    Railway Minister Mamata Banerjee proposed Annual Plan for the year 2011-12 at Rs 57630 cr which is the highest ever plan investment by the railways in a single year.
2.    Under the proposed Pradhan Mantri Rail Vikas Yojana the pending socially desirable lines would be completed and other similar new line projects would also be taken up.
3.    Mamata Banerjee declared 2010-11 as the Year of Green Energy.
4.    2 AC Double Decker Trains in the Jaipur-Delhi and Delhi-Ahmedabad routes were proposed.
Choose Answers:
a. 1,2 & 3
b. 1 & 4
c.  2 & 3
d. 1 & 2
Answer: d

Jamia Millia Islamia on invited applications for free coaching from civil service aspirants belonging to minority communities, Scheduled Castes (SC), Scheduled Tribes (ST) and Other Backward Classes (OBCs).

The coaching classes, which started in 1984, get more than 500 applications every year from all over the country.

The centre has seen many of its students become IAS officers and being selected as high ranking officials in public sectors.

The entrance test will be held on Aug 21 at 10 a.m. The list of selected candidates will be displayed on Aug 27. The test paper will have a subjective and objective component.

Students can get the application form from the CCCP office or download it from Jamia’s website. The last date of submission of forms is by Aug 16. The classes will commence on September 7.

The coaching will be given in subjects like general studies, optional papers like history, political science, public administration, law, geography, economics, sociology, Urdu, Hindi, Persian and Arabic.

General Economics
1) Micro-economics : (a) Production : Agents of Production; Costs and Supply; Isoquants (b) Consumption and Demand; Elasticity concept (c) Market Structure and concepts of equilibrium; (d) Determination of prices; (e) Components and Theories of Distribution (f) Elementary concepts of Welfare economics : Pareto-optimality-Private and social products-consumers surplus.
2) Macro-economics : (a) National Income concepts; (b) Determinants of National Income Employment (c) Determinants of consumption, savings and Investment (d) Rate of Interest and its determination (e) Interest and profit.
3) Money, Banking and Public Finance : (a) Concepts of Money and measures of money supply; velocity of money (b) Banks and credit creation; Banks and portfolio management. (c) Central Bank and control over money supply (d) Determination of the price level. (e) Inflation, its causes and remedies. (f) Public, Finance-Budgets-Taxes and non-tax revenues-Types of Budget deficits.
4) International Economics : (a) Theories of International Trade-comparative costs-Heckscher-Ohlin-Gains from Trade-Terms of Trade. (b) Free Trade and Protection. (c) Balance of Payments accounts and Adjustment. (d) Exchange rate under free exchange markets. (e) Evolution of the International Monetary System and World Trading order-Gold Standard-the Brettonwoods system. IMF and the World Bank and their associates. Floating rates-GATT and WTO
(5) Growth and Development : (a) Meaning and measurement of growth; Growth, distribution and Welfare; (b) Characteristics of underdevelopment; (c) Stages of Development; (d) Sources of growth-capital, Human capital, population, productivity, Trade and aid, non-economic factors; growth Strategies, (e) Planning in a mixed economy-Indicative planning-Planning and growth.
(6) Economic Statistics : Types of averages-measures of dispersion-correlation-Index numbers; types, uses and limitations.

Part-II
Indian Economics
1. Main features; Geographic size-Endowment of natural resources, Population; size, composition quality and growth trend-Occupational distribution-Effects of British Rule with reference to Drain theory and Laissez Faire policy.
2. Major problems, their dimensions, nature and broad causes; Mass poverty-Unemployment and its types-Economics effects of population pressure-Inequality and types thereof-Low productivity and low per capita income, Rural-urban disparities-Foreign Trade and payments imbalances. Balance of Payments and External Debt- Inflation, and parallel economy and its effects-Fiscal deficit.
3. Growth in income and employment since Independence-Rate, Pattern, Sectoral trends-Distributional Changes-Regional disparities.
4. Economic Planning in India : Major controversies on planning in India-Alternative strategies-goals and achievements, shortfalls of different plans-planning and the Market.
5. Broad Fiscal, monetary, industrial trade and agricultural policies-objectives, rationale, constraints and effects.

ECONOMICS (MAIN) – 2004
PAPER – I
Time Allowed: Three Hours Maximum Marks: 300
Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section.

SECTION A
1. Answer any three of the following questions. Each answer should not exceed 200
words: 20 x 3 = 60
(a) Show that the exponents of the Cobb-Douglas production function are a
measure of the factor share in output as well as the elasticity of output with
respect to the factor.
(b) Do you agree with the view that in competitive banking environment, the
Bank Rate has lost its effectiveness to control credit? Give reasons for your
answer.
(c) Lately, too much concern has been shown regarding the size of the fiscal
deficit; what matters more is the reason for the deficit rather than the size.
Comment.
(d) Trace out the relationship between increasingforeign exchange reserves and money supply.
2. Critically examine Mundell’s approach for the effective use of monetary and fiscal policy to attain macro balances. 60
3. Explain Patinkin’s approach to integrate the Value theory and Monetary theory. 60
4. Distinguish between the effect and incidence of direct taxation. How do direct taxes affect the production and savings in the economy. 60

SECTION B
5. Answer any three of the following questions. Each answer should not exceed 200 words: 20 X 3 =60
(a) What is Kuznet’s hypothesis? What are itsimplications for a developing
economy?
(b) Explain Leontief paradox.
(c) Is Wagner hypothesis an adequate explanation of increase in public
expenditure in recent times? Explain.
(d) What do you understand by tax buoyancy and elasticity of tax revenue?
6. What is a Customs’ Union? Discuss the effects ofa Customs’ Union formation under partial equilibrium conditions. 60
7. Major theories of growth namely, Classical, Marxian, Keynesian and
Schumpeterian, all predict crisis in the later stages of capitalist development. Comment and give reasons for your answer 60
8. What are the main features of Neoclassical growth theory? Explain them with the
help of Solow’s growth model. 60

PAPER – II – 2004

Time Allowed: Three Hours Maximum Marks: 300
Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section.

SECTION A
1. Answer any three of the following in about 200 words each: 20 x 3=60
(a) Discuss the ‘Drain of Wealth Controversy’ of the late 19th century.
(b) Make a critical appraisal of the Common Minimum Programme.
(c) Discuss the rationale of government subsidies to various categories of goods in India. Is granting subsidies to non-merit goods justified?
(d) What is the role of the State in economic development in India in the context of globalisation and privatisation?
2. Suggest appropriate strategies for self-sustained employment generation in the rural economy of India. Do you think that the proposed National Employment Guarantee Act is a model safety net for those without work? 60
3. What is the role of the small- scale industries in the Indian economy? Discuss briefly the main recommendations of the Study Group on Development of Small Enterprises. 60
4. Enumerate the recommendations of the Committee on Banking Sector Reforms (1998) in India. What follow-up actions have been undertaken by the Government for implementing these recommendations? 60

SECTION B
5. Answer any three of the following in about 200 words each: 20 x 3 = 60
(a) Has WTO helped the developing countries as wasprofessed at the time of its establishment? Givereasons for your answer with reference to the Indian
economy.
(b) Discuss the Kelkar Task Force recommendations on indirect taxes. Has the Government implemented them?
(c) In what ways have banks in India diversified their functions and adopted new technologies since their nationalisation?
(d) Examine the need for foreign capital in the Indian economy and discuss
critically the Government policy on foreign direct investment.
6. Make an appraisal of economic reforms in India. What has been their impact
on GDP growth, employment and poverty? 60
7. Account for the transition from central planning, to indicative planning in
India. Do you think that adoption of PURA (Providing Urban Amenities in
Rural Areas) attempts a reconciliation between employment and GDP growth objectives? 60
8. What are the recommendations of the Eleventh Finance Commission to reduce budget deficits? Enumerate the actions taken by the Government of India on them. 60

ECONOMICS

SECTION A

1. Answer any three of the following questions. Each answer should not exceed 200 words….20×3=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….20×3=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….20×3=60

(a) Give a critical account of the development of India during British Rule.

(b) Discuss the nature and incidence of the problem of rural poverty in India. What suggestions do you offer to solve it?

(c) Examine the role of indirect taxes in India’s Economic Development.

(d) Is Economic planning relevant in the context of the Globlised Economy of India? Elucidate.

2. Discuss the impact of World Trade Organization ( WTO) on Indian Agriculture. 60

3. Explain the nature and the cause of inflation of India. Critically appraise the measure adopted the authorities to control it….60

4. Make a critical assessment of National Rural Employment Guarantee scheme in India….60

SECTION-B

5. Answer any three of the following questions. Each answer should not exceed 200 words….20×3=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….60

7. Discuss the need for and justification of Banking Reforms in India….60

8. Critically evaluate the reasons for fluctuation in agricultural price in India. What would be the components of an optimum agricultural price policy regime for India?….60

UPSC: IAS MAIN – 2007
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. 20×3=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. 20×3=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 thestatement”.
(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- 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….20×3=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….20×3=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….20×3=60

(a) Give a critical account of the development of India during British Rule.

(b) Discuss the nature and incidence of the problem of rural poverty in India. What suggestions do you offer to

solve it?

(c) Examine the role of indirect taxes in India’s Economic Development.

(d) Is Economic planning relevant in the context of the Globlised Economy of India? Elucidate.

2. Discuss the impact of World Trade Organization ( WTO) on Indian Agriculture. 60

3. Explain the nature and the cause of inflation of India. Critically appraise the measure adopted the authorities to

control it….60

4. Make a critical assessment of National Rural Employment Guarantee scheme in India….60

SECTION-B

5. Answer any three of the following questions. Each answer should not exceed 200 words….20×3=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….60

7. Discuss the need for and justification of Banking Reforms in India….60

8. Critically evaluate the reasons for fluctuation in agricultural price in India. What would be the components of an

optimum agricultural price policy regime for India?….60

UPSC: IAS MAIN – 2007

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….20×3=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….20×3=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….20×3=60

(a) Give a critical account of the development of India during British Rule.

(b) Discuss the nature and incidence of the problem of rural poverty in India. What suggestions do you offer to

solve it?

(c) Examine the role of indirect taxes in India’s Economic Development.

(d) Is Economic planning relevant in the context of the Globlised Economy of India? Elucidate.

2. Discuss the impact of World Trade Organization ( WTO) on Indian Agriculture. 60

3. Explain the nature and the cause of inflation of India. Critically appraise the measure adopted the authorities to

control it….60

4. Make a critical assessment of National Rural Employment Guarantee scheme in India….60

SECTION-B

5. Answer any three of the following questions. Each answer should not exceed 200 words….20×3=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….60

7. Discuss the need for and justification of Banking Reforms in India….60

8. Critically evaluate the reasons for fluctuation in agricultural price in India. What would be the components of an optimum agricultural price policy regime for India?….60