Exam Details
| Subject | general economics | |
| Paper | paper 2 | |
| Exam / Course | indian economic service and indian statistical service examination (ies/iss) | |
| Department | ||
| Organization | union public service commission | |
| Position | ||
| Exam Date | 2016 | |
| City, State | central government, |
Question Paper
1. Answer the following questions in about 100 words each
What are the basic characteristics of the monetarist school of thought
What is Marxian Theory of Alienation
Explain Kaldors technical progress function.
What is GDP deflator How is it used to measure
inflation
Describe Quesnay's Tableau Economique. What effect did it have on modern economic thought
Distinguish between inside money and outside money.
2. What is a 'well-behaved' production function Explain its role in neo-classical theory of growth.
3. Explain the inevitability of Stationary state in the Classical theory of growth.
4. Explain and derive foreign trade multiplier with foreign repercussions.
5. Distinguish between autonomous and accommodating transactions. What role do the accommodating transactions play in balance of payments
6. "The need for balanced growth rests on the need for a balanced diet."—Nurkse. Explain this statement.
7. Explain the value added method of national income accounting. Illustrate the calculation of national income of a hypothetical closed economy with no government sector.
8. How does inflation redistribute wealth from creditors to debtors Under what circumstances can wealth ever be redistributed from debtors to creditors
9. Critically examine the steady-state equilibrium growth paths of the Swan-Solow and Harrod-Domar models. What is the role of State in correcting disequilibrium in these models
10. Derive the simultaneous equilibrium of the product and money markets in a closed economy. Show how expansionary monetary policy changes the equilibrium situation.
11. Explain how the presence of Non Banking Financial Intermediaries (NBFI) make monetary policy ineffective. Suggest some measures to solve the problem.
12. Explain the Ranis-Fei model of economic development. How does it improve upon the Lewis model of development
13. The globalisation of capital markets has resulted in volatile and unrealistic exchange rates, unstable financial conditions and decline in effectiveness of governments' domestic monetary policy. Explain this phenomenon and suggest suitable measures.
14. "The best strategy of development is the creation of imbalances." Discuss the statement in the light of Indian experience.
What are the basic characteristics of the monetarist school of thought
What is Marxian Theory of Alienation
Explain Kaldors technical progress function.
What is GDP deflator How is it used to measure
inflation
Describe Quesnay's Tableau Economique. What effect did it have on modern economic thought
Distinguish between inside money and outside money.
2. What is a 'well-behaved' production function Explain its role in neo-classical theory of growth.
3. Explain the inevitability of Stationary state in the Classical theory of growth.
4. Explain and derive foreign trade multiplier with foreign repercussions.
5. Distinguish between autonomous and accommodating transactions. What role do the accommodating transactions play in balance of payments
6. "The need for balanced growth rests on the need for a balanced diet."—Nurkse. Explain this statement.
7. Explain the value added method of national income accounting. Illustrate the calculation of national income of a hypothetical closed economy with no government sector.
8. How does inflation redistribute wealth from creditors to debtors Under what circumstances can wealth ever be redistributed from debtors to creditors
9. Critically examine the steady-state equilibrium growth paths of the Swan-Solow and Harrod-Domar models. What is the role of State in correcting disequilibrium in these models
10. Derive the simultaneous equilibrium of the product and money markets in a closed economy. Show how expansionary monetary policy changes the equilibrium situation.
11. Explain how the presence of Non Banking Financial Intermediaries (NBFI) make monetary policy ineffective. Suggest some measures to solve the problem.
12. Explain the Ranis-Fei model of economic development. How does it improve upon the Lewis model of development
13. The globalisation of capital markets has resulted in volatile and unrealistic exchange rates, unstable financial conditions and decline in effectiveness of governments' domestic monetary policy. Explain this phenomenon and suggest suitable measures.
14. "The best strategy of development is the creation of imbalances." Discuss the statement in the light of Indian experience.