IAS Mains Economics 2005
IAS Prelims & Mains GS and Optional Lectures, Model Answers, and Notes at doorsteptutor.com.
Paper-I
Section-A
- Answer any THREE of the following questions. Each answer should not exceed 200 words: 20 × 3 = 60
- What is meant by oligopoly? In what respects is it different from other forms of market? Show that an oligopolist may face a kinked demand curve.
- What is inflation? Is cost-push an adequate explanation of inflationary process?
- Explain Keynes ′ Absolute Income hypothesis. Give a critical evaluation of this theory.
- Elucidate the concept of Social Welfare Function. Critically examine this approach.
- Describe the fiscal and monetary policies of economic stabilization. Make a comparative analysis of their effectiveness in developed and developing economy. 60
- “In the Keynesian system, aggregate demand determines the conditions of labour market, whereas in the classical system, the labour market takes care of itself.” Explain this statement. 60
- “Marginal Productivity Theory of Income Distribution is analytically sound but in real life equally inapplicable.” Discuss this statement. 60
Section B
- Answer any THREE of the following questions. Each answer should consist of not more than 200 words 20 × 3 = 60
- Explain how Neo-Classical growth theory removes the rigidity in Harrod-Domar growth model in explaining the growth process.
- Discuss critically the role of International Monetary Fund in imparting stability in international monetary system.
- Examine the efficacy of HDI as indicator of human welfare.
- Give salient features of WTO Agreement in relation to agriculture. In this context explain the concept of TRIPS.
- Examine the effects of quota and tariffs on terms of trade. Discuss the advantages of quota over tariffs in the present day context. 60
- Do you agree with the ‘Limits to Growth’ thesis? Is it relevant in the context of developing economies? In this context discuss the concept of sustainable development 60
- Discuss the factors responsible for increasing government expenditure. In this context evaluate the Wagnar՚s law and Peacock-Wisemen hypothesis as explanations of growing public expenditure. 60
Paper-II-2005
Section-A
- Answer any three of the following questions in about 200 words each: 20 × 3 = 60
- What was the impact of the Great Depression in 18731896 on India?
- Write a detailed note on the structure & determinants of rural poverty in India.
- Critically appraise the National Rural Employment Guarantee Scheme that has recently been proposed by the Government of India.
- What is the role played by basics (wage goods) and non-basics (luxury goods) in a model of development for a mixed economy?
- Write an essay on the ‘drain of wealth’ controversy in India in the nineteenth century. 60
- What are the determinants of the distribution of income in India? 60
- What would be the constituents of an optimal agricultural exports strategy for India? 60
Section B
- Answer any three of the following questions in about 200 words each: 20 × 3 = 60
- Write a detailed note on endogenous money and India
- Comment on the proposition that inflation in India is a monetary phenomenon.
- What has been the impact of import liberalisation on Indian Manufacturing Industries since July 1991?
- What are the major characteristics of Value Added Tax (VAT) in India?
- Justify the relevance of Banking liberalisation in India. 60
- Weigh the pros and cons of inflation targeting as the objective of the Reserve Bank of India (RBI) . 60
- Critically evaluate the process of ‘trickle down’ as a policy stance for Indian economy. 60