IEcoS General Economics Paper 2 Papers 2002

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)

  1. Answer the following questions

    1. Define Gender Empowerment Measure [GEM].

    2. What are the trade-creating and trade diverting effects of a customs union?

    3. Define nominal exchange rate.

    4. Does SAARC represent a regional economic integration?

    5. State the important features of neo-classical monetary theory.

    6. Define lognormal distribution.

    7. 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)

  1. Answer the following questions

    1. Explain the role of State in Economic Development in the context of new economic policies.

    2. State Rybezynski theorem briefly.

    3. What constitutes globalization? How far India moved in the process of globalization?

    4. What is capital account convertibility? What are the limitations for India to move towards it?

    5. Distinguish Portfolio Investment from F. D. I.

    6. What is Money Multiplier and what are its determinants?

    7. 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)

  1. State the Harrod-Domar growth model arid explain the instability problem in ii. 30

  2. ‘The Heckscher-Ohlin theory does not invalidate the classical theory of comparative costs, but rather powerfully supplement it.’ Elucidate this statement. 30

  3. How Balance of Payments disequilibrium can be corrected by Expenditure adjusting Policies? 30

  4. Discuss the difference between the Fisher's and Cambridge version of quantity theory of money. 30

  5. Explain the method of lifting a straight line trend using the Least Square method 30