IEcoS General Economics Paper 2 Papers 2002
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IEcoS General Economics Paper 2 2002
Section-I
Candidates should attempt any FIVE parts of the following questions (Answer to each part should approximately be of 50 words)
- Answer the following questions
- Define Gender Empowerment Measure [GEM] .
- What are the trade-creating and trade diverting effects of a customs union?
- Define nominal exchange rate.
- Does SAARC represent a regional economic integration?
- State the important features of neo-classical monetary theory.
- Define lognormal distribution.
- What is Coefficient of Variation? 7 × 5 = 35
Section-II
Candidates should attempt any FIVE parts of the following questions (Answer to each part should approximately be of 150 words)
- Answer the following questions
- Explain the role of State in Economic Development in the context of new economic policies.
- State Rybezynski theorem briefly.
- What constitutes globalization? How far India moved in the process of globalization?
- What is capital account convertibility? What are the limitations for India to move towards it?
- Distinguish Portfolio Investment from F. D. I.
- What is Money Multiplier and what are its determinants?
- Define Lorentz Curve? Explain its use in Economic analysis. 15 × 5 = 75
Section-III
Candidates should attempt any THREE parts of the following questions (Answer to, each part should approximately be of 500 words)
- State the Harrod-Domar growth model arid explain the instability problem in ii. 30
- ‘The Heckscher-Ohlin theory does not invalidate the classical theory of comparative costs, but rather powerfully supplement it.’ Elucidate this statement. 30
- How Balance of Payments disequilibrium can be corrected by Expenditure adjusting Policies? 30
- Discuss the difference between the Fisher՚s and Cambridge version of quantity theory of money. 30
- Explain the method of lifting a straight line trend using the Least Square method 30