UPSC: IAS MAIN -
2007
ECONOMICS
Paper- I
Time Allowed: Three
Hours Maximum Marks: 300
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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 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....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....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
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