CS(M4) EXAM 2012
Serial No. E F—DTN—M—FDPB

ECONOMICS
Paper—II
(Time Allowed Three flours Maximum Marks 300
INSTRUCTIONS
Each question is printed both in Hindi and in English.
Answers must be written in the medium specified in the
Admission Certificate issued to you. which must be stated
clearly on the cover of the answer-book in the space provided
for the purpose. No marks will be given for the answers
written in a medium other than that specified in the Admission
Certificate.
Candidates should attempt Question Nos. 1 and S which
are compulsory, and any three of the remaining questions
selecting at least one question from each Section.
The number of marks carried by each question is indicated
at the end of the question.
Important Whenever a Question is being attempted, all
its parts/sub-parts must be attempted contiguously. This
means that before moving on to the next Question to be
attempted, candidates must finish attempting all parts/
sub-parts of the previous Question attempted. This is to
be strictly followed.
Pages left blank in the answer-book are to be clearly struck
out in ink. Any answers that follow pages left blank may
not he given credit.



SECTION—A
1. Attempt the following in not more than 150 words
each 12x5=60

Discuss in detail the views of VKRV Rao on deficit financing.
During the British rule, commercialisation of agriculture was forced on the farmers, while now it is the need of the hour. Discuss.
What do you mean by the 'Hindu rate of growth' Why has it been argued that poverty can not be eradicated under the Hindu rate of growth
Trace the growth of real per capita income in India in the pre-liberalisation period, keeping in view the interplay of increasing population and increasing real national income.
Explain why in spite of economic planning income distribution has turned more unequal through time.

2. Attempt the following in not more than 250 words
each 20x3=60
'Population is not just a denominator to deflate aggregates. It is determined by the level and pattern of economic development.' Comment.

Distinguish between cooperative, contractual and corporate farming. Which of these is best suited for India and why
Delineate the trends in the growth and industrial composition of public sector in India during the pre-liberalisation period.

3. Attempt the following in not more than 250 words
each 20x3=60
Compare the strategies of trickle down growth with inclusive growth. Why should the strategy of inclusive growth be preferred
How was the Jute industry affected after partition What remedial measures were taken to arrest its decline
Discuss the various measures of poverty with policy implications for removal of poverty.

4. Attempt the following in not more than 300 words
each 30x2=60
A number of production lines were reserved for the small scale sector in the pre-liberalisation period. Did such reservation achieve its objectives Explain in detail.

What are the factors which determine the size and composition of national income In this respect contrast the scenarios between pre and post liberalisation periods.

SECTION—B
5. Attempt the following in not more than 150 words
each I2x5=60
Characterise the inflationary process in the last three years. What steps were taken by the RBI and the Government to control it
Explain why in spite of poverty alleviation schemes number of the poor has not fallen very much.
Discuss the factors responsible for slow growth in agriculture in recent years. What steps ought to be taken for sustained growth in this sector
Can disinvestment in public sector units be a sustainable alternative for raising resources for government expenditure
Would a flexible exchange rate regime serve India better than a fixed exchange rate regime in the current international scenario

6. Attempt the following in not more than 300 words
each 30x2=60
Discuss the salient features of TRIPS and Indian position on geographical indications and plant breeders' rights.
Why is capital inflow through multinational corporations preferred over foreign debt

7. Attempt the following in not more than 250 words
each 20x3=60
Discuss the major recommendations of the Thirteenth Finance Commission with regard to augmentation of resources of local governments.
Distinguish between fiscal federalism and political federalism. How has fiscal federalism been evolving in relation to special category States in particular and other States in general
How is GST different from VAT What is the grand bargain suggested by the Thirteenth Finance Commission for implementation of GST

8. Attempt the following in not more than 300 words
each 30x2=60
Examine the new EXIM policy. Given the tough competition in international trade, what corrective measures would you suggest to make it more successful in boosting Indian exports
Explain the salient features of the Fiscal Responsibility Act. Explain to what extent has the Government of India been able to adhere to the provisions of this Act?