d-01-11 paper - iii
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1. Write your roll number in the space provided on the topof this page.
2. Answer to short answer/essay type questions are to begiven in the space provided below each question orafter the questions in the Test Booklet itself.
No Additional Sheets are to be used.
3. At the commencement of examination, the questionbooklet will be given to you. In the first 5 minutes, youare requested to open the booklet and compulsorilyexamine it as below :
(i) To have access to the Question Booklet, tear off thepaper seal on the edge of this cover page. Do notaccept a booklet without sticker-seal and do notaccept an open booklet.
(ii) Tally the number of pages and number of questionsin the booklet with the information printed on thecover page. Faulty booklets due to pages/questionsmissing or duplicate or not in serial order or anyother discrepancy should be got replacedimmediately by a correct booklet from theinvigilator within the period of 5 minutes.Afterwards, neither the Question Booklet will bereplaced nor any extra time will be given.
4. Read instructions given inside carefully.
5. One page is attached for Rough Work at the end of thebooklet before the Evaluation Sheet.
6. If you write your Name, Roll Number, Phone Number orput any mark on any part of the Answer Sheet, exceptfor the space allotted for the relevant entries, which maydisclose your identity, or use abusive language or employany other unfair means, you will render yourself liable todisqualification.
7. You have to return the test booklet to the invigilators atthe end of the examination compulsorily and must notcarry it with you outside the Examination Hall.
8. Use only Blue/Black Ball point pen.
9. Use of any calculator or log table etc., is prohibited.
D-01-11 P.T.O.
Signature and Name of Invigilator
Roll No.
(In words)
1. (Signature) __________________________
(Name) ____________________________
2. (Signature) __________________________
(Name) ____________________________
Roll No.________________________________
D
PAPER-III
[Maximum Marks : 200Time : 21/2hours]
Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 19
Instructions for the Candidates
(In figures as per admission card)
ECONOMICS
0 1 1 1
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ECONOMICS
PAPER III
III
Note : This paper is oftwo hundred (200) marks containing four (4) Sections. Candidates
are required to attempt the questions contained in these sections according to thedetailed instructions given therein.
: (200) (4)
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SECTION I
I
Note : This section consists of two essay type questions of twenty (20) marks each, to beanswered in about five hundred (500) words each. (2 20 = 40 marks)
: - (500) (2 20 = 40 )
1. What is meant by the concept of inclusive growth ? Examine the success of
Governments economic policies in achieving the objective of inclusive growth in
India.
?
OR /Development of Infrastructure is prerequisite for speedy economic development.
Discuss in the context of Indian experience.
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2. Discuss the various developmental issues in the context of debate between developed
and developing countries pertaining to global warming.
OR /Critically examine the performance of the organised industrial sector in India since
the Economic Reforms of 1991 with respect to employment generation.
1991
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SECTION II
II
Note : This section contains three (3) questions. From each of the electives/specializations,
the candidate has to choose only one elective/specialization and answer all the three
questions contained therein. Each question carries fifteen (15) marks and is to be
answered in about three hundred (300) words. (3 15 = 45 Marks)
: / (3) / (15)
(300) (3 15 = 45 )
Elective I / I
3. Outline Koycks distributed lag model. Explain briefly Adaptive Expectations and
Partial Adjustment Models as rationalisations of the Koyck Model. Also stateestimation problems involved in this model.
4. State Order and Rank conditions for identification in a simultaneous equations
system. Consider the identification of equations in the following demand and supply
model for money :
M
d
t = 0 + 1 Yt + 2 Rt + 3 Pt + 1tM
s
t= 0 + 1 Yt + 2t
Which method would you use to estimate the parameters of the identified equations ?
Why ?
Md
t= 0 + 1 Yt + 2 Rt + 3 Pt + 1t
Ms
t= 0 + 1 Yt + 2t
? ?
5. Define Stationary and non-stationary stochastic processes. Explain unit root test.
Elective II / II
3. Discuss Cournots model of duopoly. How Stachelberg model is an improvement
over Cournots model ? Discuss.
?
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4. Explain the use of Linear Programming in Economic Analysis. In this context explain
the economic interpretation of Dual Linear Programming solution, taking a simple
resource allocation problem of a firm as an example.
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5. Discuss the main features of Kaldors model of Economic Growth.
Elective III / III3. Explain the significance of multilateral trading agreements as a move towards free
trade.
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4. What is meant by international debt crisis ? Explain the factors responsible for theinternational debt crisis in the recent past.
?
5. Define the term equilibrium foreign exchange rate. Discuss foreign exchange
arbitrage and covered interest arbitrage.
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Elective IV / IV3. Critically discuss the trends in productivity of food crops during the last two decades.
4. Examine the role of co-operative credit institutions in providing credit for the
development of Indian agricultural sector.
?5. Agriculture always remains on top of Agenda in the W.T.O. meetings. Elucidate.
Elective V / V3. Suggest suitable measures for Indian agriculture to attain W.T.O. standards.
4. Women empowerment is an important pre-requisite for an overall economic
development. Discuss.
5. Fiscal Reforms in India are far from practical applicability. Illustrate your answer
with respect to Goods and Services Tax (G.S.T.).
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SECTION III
III
Note : This section contains nine (9) questions often (10) marks each, each to be answered
in about fifty (50) words. (9 10 = 90 Marks)
: - (10-10) (9) (50)
(9 10 = 90 )
6. Define diamond-water paradox with respect to utility and scarcity.
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7. Distinguish between short-run and long-run laws of production. Explain graphically
long-run laws of production using isoquants.
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8. Explain the effectiveness of repo rate and reverse repo rate in curbing inflationary
pressures in Indian Economy.
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9. What is relevance of human development index to the developing countries ?
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10. What is the concept of deficit in Balance of Payments ?
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11. State Webers Theory of Industrial location.
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12. Public Expenditure is an ever-increasing Government activity. Elaborate.
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13. Explain Theory of Demographic Transition.
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14. What are Null and Alternative Hypotheses ? Distinguish between Type I and Type II
errors.
? () I II
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SECTION IV
IV
Note : This section contains five (5) questions offive (5) marks each based on the following
passage. Each question should be answered in about thirty (30) words.
(5 5 = 25 Marks)
: (5) (30) (5) (5 5 = 25 )
Consider a commodity such as bread. It has many characteristics, of which
yielding nutrition is one. This can often with advantage be split into different
types of nutrition, related to calories, protein, etc. In addition to nutrition-giving
characteristics, bread possesses other characteristics as well, e.g., helping get-
togethers over food and drinks, meeting the demands of social conventions or
festivities. For a given person at a particular point in time, having more bread
increases, up to a point, the persons ability to function in these ways But in
comparing the functionings of two different persons, we do not get enough
information by looking merely at the amounts of bread (and similar goods) enjoyed
by the two persons respectively. The conversion of commodity-characteristics into
personal achievements of functionings depends on a variety of factors personal and
social. In the case of nutritional achievements it depends on such factors as
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(1) metabolic rates, (2) body size, (3) age, (4) sex (and, if a woman, whether pregnant
or lactating), (5) activity levels, (6) medical conditions (including the absence or
presence of parasites), (7) access to medical services and the ability to use them,
(8) nutritional knowledge and education, and (9) climatic conditions
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( ) , , -
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(1) , (2) , (3) , (4) ,
, (5) , (6) (
-), (7) , (8)
, (9)
15. Explain how poverty is associated with consumption patterns in the society.
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16. Explain the concept of nutrition and the purposes it serves in an economy.
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17. How does poverty, famines, starvations depict the economic and personal
characteristics of individuals ?
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18. How does freedom of choice in decision-making enhances the capability of
individuals ?
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19. Explain the factors that help to convert commodity characteristics into personal
achievements.
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Space For Rough Work
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Question
Number
Marks ObtainedFOR OFFICE USE ONLY
Total Marks Obtained (in words) ...........................................
(in figures) ..........................................
Signature & Name of the Coordinator ...................................
(Evaluation) Date .........................
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Marks
Obtained