IEcoS General Economics Paper 2 Papers 2000

IEcoS General Economics Paper 2 2000

Section-I

Candidates should attempt any FIVE parts of the following question (Answer to each part should be approximately of 50 words).

  1. Answer the following questions

    1. Define Morris Physical Quality of Life Index (PQU).

    2. What is called Critical Minimum Effort Thesis?

    3. Define Tariff List briefly the arguments for and against Tariffs.

    4. What are the measures taken to correct Disequilibrium in the Balance of Payments?

    5. Define the functions of IBRD and IME

    6. What is Money Multiplier?

    7. Why Standard Deviations is considered to be the popular measure of Dispersion? 7 × 5 = 35

Section-II

Candidates should attempt any FIVE parts of the following question (Answer to each part should be approximately of 150 words).

  1. Answer the following questions

    1. Growth in the Solow Model loses its momentum if Capital is growing too fast relative to Labour. Comment.

    2. Examine briefly the impact of Inclusion of Human Capital as an endogenous variable in the growth model.

    3. Analyse the factors which determine the terms of trade.

    4. Critically examine the concept of the Foreign Trade Multiplier.

    5. Assess the functions of the IMF and evaluate its role with special reference to India.

    6. ‘Briefly explain Patinkin's’ Real Balance Effect'.

    7. What is Time-Series Analysis? Explain its importance in Business and Economics. 15 × 5 = 75.

Section-III

Candidates should attempt any FIVE of the following question (Answer to each part should be approximately of 500 words).

  1. What are the limitations of GDP in measuring development? Explain the alternative approach in measuring development and how far it is better than using GDR 30

  2. When demand conditions are the same in all the countries, the Rybozynski and Stolper-Samuelson theorem can be used to prove the Hecksccher-Ohlin theorem. Explain. 30

  3. Define Flexible Exchange Rate; State the use for and against the Flexible Exchange Rate. 30

  4. The mandate of the WTO is to promote free trade, breaking down barriers to the movement of commodities and capital from country to country. How far WTO is succeeded in these objectives? 30

  5. You are asked to collect data on the extent and nature of child labour in an industrial city using the sample survey method. How would you proceed? 30