PAPER-III

ECONOMICS
Signature and Name of Invigilator
1.
(Signature)

(Name) Roll No.


2.
(Signature) (In figures as per admission card) (Name)




J 0 1 1 1

Roll (In words)
Time 2 1/2 hours] [Maximum Marks 200
Number of Pages in this Booklet 32 Number of Questions in this Booklet 19


Instructions for the Candidates

1.
Write your roll number in the space provided on the top of this page.

2.
Answer to short answer/essay type questions are to be given in the space provided below each question or after the questions in the Test Booklet itself.


No Additional Sheets are to be used.

3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below
To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet.
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4.
Read instructions given inside carefully.

5.
One page is attached for Rough Work at the end of the booklet before the Evaluation Sheet.

6.
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7.
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8.
Use only Blue/Black Ball point pen.

9.
Use of any calculator or log table etc., is prohibited.


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1.
¯ÖÆü»Öê ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ …

2.
»Ö'Öã ¯ÖÏ¿®Ö ŸÖ£ÖÖ ×®Ö²ÖÓ¬Ö ¯ÖÏÛúÖ¸ü Ûêú ¯ÖÏ¿®ÖÖë Ûêú ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ®Öß"Öê µÖÖ ¯ÖÏ¿®ÖÖë Ûêú ²ÖÖ¤ü ´Öë פüµÖê Æãü‹ ׸üŒŸÖ ãÖÖ®Ö ¯Ö¸ü Æüß ×»Ö×ÜÖµÖê …

‡ÃÖÛêú ×»Ö‹ ÛúÖê‡Ô †×ŸÖ׸üŒŸÖ ÛúÖÝÖ•Ö ÛúÖ ˆ¯ÖµÖÖêÝÖ ®ÖÆüà Ûú¸ü®ÖÖ Æîü …


3.
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Ûú¾Ö¸ü ¯Öéšü ¯Ö¸ü "û¯Öê ×®Ö¤ìü¿ÖÖ®ÖãÃÖÖ¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ Ûêú ¯Öéšü ŸÖ£ÖÖ ¯ÖÏ¿®ÖÖë Ûúß ÃÖÓܵÖÖ ÛúÖê †""ûß ŸÖ¸üÆü "ÖîÛú Ûú¸ü »Öë ×Ûú µÖê ¯Öæ¸êü Æïü … ¤üÖêÂÖ¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ ×•Ö®Ö´Öë ¯Öéšü/¯ÖÏ¿®Ö Ûú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ †Ö ÝÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö ´Öë ÆüÖë †£ÖÖÔŸÖË ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü Ûúß ¡Öã×™ü¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü Ûú¸ëü ŸÖ£ÖÖ ˆÃÖß ÃÖ´ÖµÖ ˆÃÖê »ÖÖî™üÖÛú¸ü ˆÃÖÛêú ãÖÖ®Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ »Öê »Öë … ‡ÃÖÛêú ×»Ö‹ †Ö¯ÖÛúÖê ¯ÖÖÑ"Ö ×´Ö®Ö™ü פüµÖê •ÖÖµÖëÝÖê … ˆÃÖÛêú ²ÖÖ¤ü ŸÖÖê †Ö¯ÖÛúß ¯ÖÏ¿®Ö­¯Öã×ßÖÛúÖ ¾ÖÖ¯ÖÃÖ »Öß •ÖÖµÖêÝÖß †Öî¸ü Æüß †Ö¯ÖÛúÖê †×ŸÖ׸üŒŸÖ ÃÖ´ÖµÖ ×¤üµÖÖ •ÖÖµÖêÝÖÖ …


4.
†®¤ü¸ü פüµÖê ÝÖµÖê ×®Ö¤ìü¿ÖÖë ÛúÖê ¬µÖÖ®Ö¯Öæ¾ÖÔÛú ¯ÖœÌëü …

5.
ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ Ûêú †®ŸÖ ´Öë Ûú""ÖÖ ÛúÖ´Ö (Rough Work) Ûú¸ü®Öê Ûêú ×»Ö‹ ´Ö滵ÖÖÓÛú®Ö ¿Öß™ü ÃÖê ¯ÖÆü»Öê ‹Ûú ¯Öéšü פüµÖÖ Æãü†Ö Æîü …

6.
µÖפü †Ö¯Ö ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö Ûêú †»ÖÖ¾ÖÖ †¯Ö®ÖÖ ¸üÖê»Ö ±úÖê®Ö ®Ö´²Ö¸ü µÖÖ ÛúÖê‡Ô ³Öß ‹êÃÖÖ ×"ÖÅ®Ö ×•ÖÃÖÃÖê †Ö¯ÖÛúß ¯ÖÆü"ÖÖ®Ö ÆüÖê ÃÖÛêú, †Ó×ÛúŸÖ Ûú¸üŸÖê Æïü †£Ö¾ÖÖ †³Ö¦ü ³ÖÖÂÖÖ ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖê µÖÖ ÛúÖê‡Ô †®µÖ †®Öã×"ÖŸÖ ÃÖÖ¬Ö®Ö ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖê ŸÖÖê ¯Ö¸üßõÖÖ Ûêú ×»ÖµÖê †µÖÖêÝµÖ 'ÖÖê×ÂÖŸÖ ×ÛúµÖê •ÖÖ ÃÖÛúŸÖê Æïü …

7.
†Ö¯ÖÛúÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖ¯ŸÖ ÆüÖê®Öê ¯Ö¸ü ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ×®Ö¸üßõÖÛú ´ÖÆüÖê¤üµÖ ÛúÖê »ÖÖî™üÖ®ÖÖ †Ö¾Ö¿µÖÛú Æîü †Öî¸ü ‡ÃÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ Ûêú ²ÖÖ¤ü †¯Ö®Öê ÃÖÖ£Ö ¯Ö¸üßõÖÖ ³Ö¾Ö®Ö ÃÖê ²ÖÖÆü¸ü »ÖêÛú¸ü •ÖÖµÖë …

8.
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9.
×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü ÛúÖ ÃÖÓÝÖÞÖÛú (Ûêú»ÖÛãú»Öê™ü¸ü) µÖÖ »ÖÖòÝÖ ™êü²Ö»Ö †Öפü ÛúÖ ¯ÖϵÖÖêÝÖ ¾ÖÙ•ÖŸÖ Æîü …




J-01-11 P.T.O.

ECONOMICS
†£ÖÔ¿ÖÖáÖ


PAPER III ¯ÖÏ¿-Ö¯Ö¡Ö III
Note This paper is of two hundred marks containing four sections. Candidates are required to attempt the questions contained in these sections according to the detailed instructions given therein.
µÖÆü ¯ÖÏ¿-Ö¯Ö¡Ö ¤üÖê ÃÖÖî †Ó.úÖë .úÖ Æîü ‹¾ÖÓ ‡ÃÖ´Öë "ÖÖ¸ü .ÖÓ›ü Æïü … †³µÖ£Öá ‡-Ö´Öë ÃÖ´ÖÖ×ÆüŸÖ ¯ÖÏ¿-ÖÖë .êú ˆ¢Ö¸ü †»Ö.Ö ×¤üµÖê .ÖµÖê ×¾ÖßÖéŸÖ ×-Ö¤ìü¿ÖÖë .êú †-ÖãÃÖÖ¸ü ¤ëü …

SECTION I


.Ö›Óü I
Note This section consists of two essay type questions of twenty marks each, to be answered in about five hundred words each. ×
20 40 marks)
™Ö´²ÖßÃÖ-²ÖßÃÖ †ÖÖŸ´ÖŸµêÖ.³."Ö ÃÖÖ
‡ÃÖ .Ó›ü Öë Ó.úÖë .êú ¤üê Æïü … ¯ÖÏÖ.ú ¯Ï¿-Ö .úÖ ˆ¢Ö¸ü »ÖÖÖÖ ¯ÖÖÑî ¿Ö²¤üÖë ´Öë †¯Öê×.ÖŸÖ Æîü … ×
20 40 †Ó.ú)
1. In the period of Globalisation, the development gap between rich and poor nations has widened. Elucidate.
¾ÖÖß.ú¸ü.Ö .êú ‡ÃÖ .úÖ»Ö ´Öë ‹¾ÖÓ ¸üÖ™ÒüÖë .êú ²Öß"Ö ×¾Ö.úÖÃÖ .úß .ÖÖ‡Ô ²ÖœÌüŸÖß •ÖÖ ¸üÆüß Æîü … ïÖ™ü .úßו֋ …
OR †£Ö¾ÖÖ
Economic development is not complete without taking into account the environmental issues. Elaborate.
¯ÖµÖÖÔ¾Ö¸ü.ÖßµÖ ÃÖ´ÖõÖÖ†Öë .úÖê ¥üÛ™ü ´Öë ¸ü.Öê †ÖÙ£Ö.ú ×¾Ö.úÖÃÖ †¯Öæ.ÖÔü Æîü … ¾µÖÖ.µÖÖ .úßו֋ …
2. State and explain the problems caused by migration of labour from rural to urban areas. Examine the steps that have been taken by the Government of India to arrest this trend.
.ÖÖÏ´Öß.Ö .Öê¡ÖÖë ÃÖê -Ö.Ö¸üßµÖ .Öê¡ÖÖë ´Öë ÁÖ´Ö .êú ¯ÖϾÖÖÃÖ ÃÖê ÆüÖê-Öê ¾ÖÖ»Öß ÃÖ´ÖõÖÖ†Öë .úÖê ×»Ö×.Ö‹ †Öî¸ü ïÖ™ü .úßו֋ … ‡ÃÖ ºþ—ÖÖ-Ö .úÖê ¸üÖê.ú-Öê .êú ×»Ö‹ ³ÖÖ¸üŸÖ ÃÖ¸ü.úÖ¸ü •ÖÖê ¯Ö.Ö ˆšüÖµÖê ˆ-Ö.úÖ ´Ö滵ÖÖÓ.ú-Ö .úßו֋ …
OR †£Ö¾ÖÖ
What do you mean by Fiscal Consolidation Discuss the steps, if any, taken by the Government of India in this direction in the recent past.
×¾Ö¢ÖßµÖ ÃÖ´ÖÖÆü¸ü.Ö ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü ‡ÃÖ ×¤ü¿ÖÖ ´Öë ³ÖÖ¸üŸÖ ÃÖ¸ü.úÖ¸ü «üÖ¸üÖ ˆšüÖµÖê .Ö‹ µëÖפü .úÖê‡Ô ˆšüÖµÖÖ .ÖµÖÖ ÆüÖ,ê.úß "Ö"ÖÖÔ .úßו֋ …
Note

3.

4.

5.


3.

4.

5.



SECTION II


.Ö›Óü II
This section contains three questions from each of the electives/specializations. The candidate has to choose only one elective/specialization and answer all the three questions contained therein. Each question carries fifteen marks and is to be answered in about three hundred words. ×
15 45 Marks)
‡ÃÖ .Ö.›ü ´Öë ¯ÖŸµÏÖê.ú ‹êÛ""û.ú ‡.úÖ‡Ô ×¾Ö¿ÖêÂÖ-ÖŸÖÖ ÃÖê ¯ÖÏ¿-Ö Æïü … †³µÖ£Öá .úÖê .êú¾Ö»Ö ‹.ú ‹êÛ""û.ú ‡.úÖ‡Ô ×¾Ö¿ÖêÂÖ-ÖŸÖÖ .úÖê "Öã-Ö.ú¸ü ˆÃÖß .úêŸÖß-ÖÖë ¯ÖÏ¿-ÖÖë .êú ˆ¢Ö¸ü ¤êü-Öêê Æîü … ¯ÖÏŸµÖê.ú ¯ÖÏ¿-Ö ¯Ö-¦üÆü †Ó.úÖë .úÖ Æîü ¾Ö ˆÃÖ.úÖ ˆ¢Ö¸ü »Ö.Ö³Ö.Ö ÃÖÖî (300) ¿Ö²¤üÖë ´Öë †¯Öê×.ÖŸÖ Æîü … ×
15 45 †Ó.ú)
Elective I ×¾Ö.ú»¯Ö I

Explain the distinction between R2 and R-2 in regression analysis.


Explain the problem of autocorrelated disturbances in linear regression


models. How would you test the presence of this problem
R-2 .


ÃÖ´ÖÖÁÖµÖ.Ö ×¾Ö¿»ÖêÂÖ.Ö ´Öë R2 †Öî¸ü êú †-ŸÖ¸ü .úÖê ïÖ™ü .úßו֋ …


¸îü×.Ö.ú ×-ÖµÖŸÖ ÃÖ´²Ö-¬Ö ´ÖÖ›ü»ÖÖë ´Öë þÖ: ÃÖÆü­ÃÖ´²ÖÛ-¬ÖŸÖ ¡Öã×™ü ¯Ö¤üÖë .úß ÃÖ´ÖõÖÖ .úß ˆ¯ÖÛãÖ×ŸÖ .úÖ ¯Ö¸üß.Ö.Ö .îúÃÖê .ú¸ëü.Öê …


Distinguish between Recursive and Interdependent simultaneous equations systems Discuss the estimation methods suitable to each of these systems.
†Ö¾ÖŸÖÔ.ú ŸÖ£ÖÖ †-ŸÖ¸ü­ÃÖ´²Ö׬ÓÖŸÖ µÖã.Ö ¯Ö¤ü ÃÖ´Öß.ú¸ü.ÖÖë .úß ¯ÖÏ.ÖÖ»Öß .êú ²Öß"Ö .úÖ †-ŸÖ¸ü ïÖ™ü .úßו֋ … ‡-Ö ¯ÖÏ.ÖÖ×»ÖµÖÖë ´Öë ÃÖê ¯ÖÏŸµÖê.ú .êú †Ö.ú»Ö-Ö .êú ×»Ö‹ ˆ¯ÖµÖãŒŸÖ ¯Ö¨üןֵÖÖë .úß ¾µÖÖ.µÖÖ .úßו֋ …
Define the concept of co-integration in the context of time series models. Explain suitable tests to find out if two or more series are co-integrated.
ÃÖ´ÖµÖ­ÀÖéÓ.Ö»ÖÖ ´ÖÖ›ü»ÖÖë .êú ÃÖÓ¤ü³ÖÔ ´Öë ÃÖÆü­‹.úß.éúŸÖ †¾Ö¬ÖÖ¸ü.ÖÖ .úß ¯Ö׸ü³ÖÖÂÖÖ ¤üßו֋ … µÖÆü ¯ÖŸÖÖ »Ö.ÖÖ-Öê .êú ×»Ö‹ ˆ×"ÖŸÖ ¯ÖϵÖÖê.ÖÖë .úÖê ïÖ™ü .úßו֋ ×.ú ¤üÖê †£Ö¾ÖÖ ‡ÃÖÃÖê †×¬Ö.ú ÀÖÓé.Ö»ÖÖ‹Ñ ÃÖÆü­‹.úß.éúŸÖ Æïü …

Elective II ×¾Ö.ú»¯Ö II
Explain the distinction between Monopoly and Monopolistic competition. Explain the concept of group equilibrium under monopolistic competition.
‹.úÖ׬Ö.úÖ¸ü †Öî¸ü ‹.úÖ׬Ö.úÖ¸üß ¯ÖÏןֵÖÖê×.ÖŸÖÖ †-ŸÖ¸ü .úÖê ïÖ™ü .úßו֋ … ‹.úÖ׬Ö.úÖ¸üß ¯ÖÏןֵÖÖê×.ÖŸÖÖ .êú †Ö¬Öß-Ö ÃÖ´ÖæÆü ÃÖÓŸÖã»Ö-Ö .úß †¾Ö¬ÖÖ¸ü.ÖÖ .úÖê ïÖ™ü .úßו֋ …
Explain the concepts of and strategy in the context of two person zero
sum game. How equilibrium is reached under this theory
™æü­¯ÖÃÖÔ-Ö •ÖÌ߸üÖê­ÃÖ´Ö­.Öê´Ö .êú ÃÖÓ¤ü³ÖÔ ´Öë '×¾Ö¿Öã¨'ü †Öî¸ü ¸ü.Ö-Öß×ŸÖ .úß †¾Ö¬ÖÖ¸ü.ÖÖ .úÖê ïÖ™ü .úßו֋ … ‡ÃÖ
×ÃÖ¨üÖ-ŸÖ .êú †-ŸÖ.ÖŸÔÖ ÃÖ-ŸÖã»Ö-Ö .úÖê .îúÃÖê ¯ÖÖϯŸÖ ×.úµÖÖ •ÖÖŸÖÖ Æîü

Discuss Solow's growth model.
ÃÖÖ»êÖÖê .êú ×¾Ö.úÖÃÖ ´ÖÖ›ü»Ö .úß "Ö"ÖÖÔ .úßו֋ …

Elective III ×¾Ö.ú»¯Ö III

3.
Explain the multi-lateral trade agreements regarding GATS and TRIPs.


4.

5.


3.

4.

5.


3.

4.

5.


.Öî™üÃÖ ‹ ™üß ‹ÃÖ) †Öî¸ü ×™Òü¯ÖÃÖ (™üß †Ö¸ü †Ö‡Ô ¯Öß ‹ÃÖ) ÃÖê ÃÖ´²ÖÛ-¬ÖŸÖ ²ÖÆãü­¯ÖÖÛÀ¾ÖÔ.ú ¾µÖÖ¯ÖÖ¸ü ‡.ú¸üÖ¸ü .úÖê ïÖ™ü
.úßו֋ …
What are different forms of Economic Integration Examine the problems faced in economic integration among less developed countries.
†ÖÙ£Ö.ú ‹.úß.ú¸ü.Ö .êú ×¾Ö׳Ö--Ö º ¯Ö ŒµÖÖ Æïü .ú´Ö ×¾Ö.ú×ÃÖŸÖ ¤êü¿ÖÖë .êú ²Öß"Ö †ÖÙ£Ö.ú ‹.úß.ú¸ü.Ö ´Öë †Ö-Öê ¾ÖÖ»Öß ÃÖ´ÖõÖÖ†Öë .úÖ ´Ö»µæÖÖÓ.ú-Ö .úßו֋ …
What is meant by the term hedging What gives rise to it Can hedging take place in spot market for foreign exchange
ÆîüØ•Ö.Ö ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü ‡ÃÖê .ú²Ö †¯Ö-ÖÖµÖÖ •ÖÖŸÖÖ Æîü ŒµÖÖ ÆîüØ•Ö.Ö ×¾Ö¤êü¿Öß ×¾Ö×-Ö´ÖµÖ .úß Ã¯ÖÖê™ü ´ÖÖÙ.ú™ü ´Öë ÆüÖê ÃÖ.úŸÖß Æîü

Elective IV ×¾Ö.ú»¯Ö IV
State the objectives of public distribution system in India. How far the system has achieved these objectives
³ÖÖ¸üŸÖ ´Öë ÃÖÖ¾ÖÔ•Ö×-Ö.ú ×¾ÖŸÖ¸ü.Ö ¯Ö.ÏÖÖ»Öß .êú ˆ§êü¿µÖÖë .úÖ ×¾Ö¾Ö¸ü.Ö ¤üßו֋ … ‡ÃÖ ¯ÖÏ.ÖÖ»Öß «üÖ¸üÖ ×.úÃÖ ÃÖß´ÖÖ ŸÖ.ú ‡-Ö ˆ§êü¿µÖÖë
.úß ¯ÖÙæŸÖ Æãü‡Ô Æîü
Critically examine Multi-Agency Approach to rural credit in India.
³ÖÖ¸üŸÖ ´Öë .ÖÖÏ´Öß.Ö Šú.Ö µÖÖê•Ö-ÖÖ ´Öë ²ÖÆãü­‹•ÖëÃÖß †×³Ö.Ö´Ö (´Ö»™üß­‹•ÖëÃÖß ‹¯Ö¸üÖê"Ö) .úÖ †Ö»ÖÖê"Ö-ÖÖŸ´Ö.ú ´Ö滵ÖÖÓ.ú-Ö
.úßו֋ …
Do you agree that Land Reforms in India are improving incentive structure in agriculture Explain the reasons.
ŒµÖÖ †Ö¯Ö ÃÖÆü´ÖŸÖ Æïü ×.ú ³ÖÖ¸üŸÖ ´Öë ³Öæ×´Ö ÃÖã¬ÖÖ¸ü ¯ÖÖÏêŸÃÖÖÆü.ú œüÖÑ"Öê ´Öë .úÖê‡Ô ÃÖã¬ÖÖ¸ü »ÖÖ ¸üÆêü Æïü .úÖ¸ü.ÖÖë .úß ¾µÖÖ.µÖÖ
.úßו֋ …

Elective V ×¾Ö.ú»¯Ö V
How have globalization, liberalisation and privatisation policies affected medium and small scale industries in India
³ÖÖ¸üŸÖ ´Öë ´ÖÓ—ÖÖê»Öê †Öî¸ü »Ö'Öã ¤ü•Öì .êú ˆªÖê.ÖÖë .úÖê ¾ÖÖß.ú¸ü.Ö, ˆ¤üÖ¸üß.ú¸ü.Ö †Öî¸ü ×-Ö•Öß.ú¸ü.Ö .úß -ÖßןֵÖÖë .úÆüÖÑ ŸÖ.ú ¯ÖϳÖÖ×¾ÖŸÖ ×.úµÖÖ Æîü
Discuss the role of Public-Private Partnerships in the development of infrastructure projects with reference to roads and airport development in India.
³ÖÖ¸üŸÖ ´Öë ÃÖ›ü.ú ‹¾ÖÓ Æü¾ÖÖ‡Ô­¯Ö¢Ö-Ö .êú ×¾Ö.úÖÃÖ .êú ÃÖÓ¤ü³ÖÔ ´Öë ÃÖ¸ü.úÖ¸üß­×-Ö•Öß ³ÖÖ.ÖߤüÖ¸üß ¯Öß ¯Öß) .úÖ ´Öæ»Ö³ÖæŸÖ œüÖÓ"ÖÖ ×¾Ö.úÖÃÖ ¯Ö׸üµÖÖê•Ö-ÖÖ†Öë .úß ³Öæ×´Ö.úÖ .úß "Ö"ÖÖÔ .úßו֋ …
Discuss main recommendations of Thirteenth Finance Commission of India.
³ÖÖ¸üŸÖ .êú ŸÖê¸üÆü¾Öë ×¾Ö¢ÖßµÖ †ÖµÖÖê.Ö .úß ×ÃÖ±úÖ׸ü¿ÖÖë .úß ×¾Ö¾Öê"Ö-ÖÖ .úßו֋ …
SECTION III

.Ö›Óü III
Note This section contains nine questions of ten marks, each to be answered in about fifty words. ×
10 90 Marks)
‡ÃÖ .ÖÓ›ü ´Öë ¤üÃÖ-¤üÃÖ †Ó.úÖë .êú -ÖÖî ¯ÖÏ¿-Ö Æïü … ¯ÖŸµÏÖê.ú ¯ÖÏ¿-Ö .úÖ ˆ¢Ö¸ü »Ö.Ö³Ö.Ö ¯Ö"ÖÖÃÖ ¿Ö²¤üÖë ´Öë
†¯Öê×.ÖŸÖ Æîü … (9 ×
10 90 †.úÓ)
6. State and 'Strong' axioms of Revealed preference approach of demand analysis.
´ÖÖ.ÑÖ ×¾Ö¿»ÖêÂÖ.Ö .ú ˆ¤êËü'ÖÖ×™üŸÖ ¾Ö¸üßµÖŸÖÖ ˆ¯ÖÖ.Ö´Ö .êú ×-Ö²ÖÔ»Ö ŸÖ£ÖÖ ÃÖ²Ö»Ö †×³Ö.ÖéÆüßŸÖ .úÖ ¾Ö.ÖÔü-Ö .úßו֋ …
7. Explain Pareto optimality in relation to consumption and production.
ˆ¯Ö³ÖÖ.êÖ ŸÖ£ÖÖ ˆŸ¯ÖÖ¤ü-Ö .êú ÃÖ´²Ö-¬Ö ´Öë ¯Ö¸êü™üÖê .úß ‡Ô™üŸÖÖ (†ÖêÛ¯™ü´Öî×»Ö™üß) .úÖê ïÖ™ü .úßו֋ …
8. What is the concept of money multiplier
´Öã¦üÖ .Öã.Ö.ú .úß †¾Ö¬ÖÖ¸ü.ÖÖ ŒµÖÖ Æîü
9. Explain the distinction between merit and public goods.
'ÁÖêšü' †Öî¸ü ÃÖÖ¾ÖÔ•Ö×-Ö.ú ¾ÖßÖã†Öë .êú †-ŸÖ¸ü .úÖê ïÖ™ü .úßו֋ …

10. What is fiscal deficit How does it differ from revenue deficit
×¾Ö¢ÖßµÖ ŒµÖÖ Æîü µÖÆü ¸üÖ•ÖÃ¾Ö ÃÖê ×.úÃÖ ¯ÖÏ.úÖ¸ü Æîü
11.
What is meant by the term 'Balance of Payments' How does Current Account differ from Capital Account '†¤üÖµÖ×.ÖµÖÖë .úÖ ²Ö.úÖµÖÖ' ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü "ÖÖ»Öæ .ÖÖŸÖê ÃÖê ¯ÖæÑ•Öß .ÖÖŸÖÖ ×.úÃÖ ¯ÖÏ.úÖ¸ü Æîü

12.
Differentiate between Absolute and Relative Poverty. State Sen's Poverty Index.


×-Ö¸ü¯Öê.Ö †Öî¸ü ÃÖÖ¯Ö.êÖ ´Öë †-ŸÖ¸ü ²ÖŸÖ»ÖÖ‡‹ … †´ÖŸµÖÔ ÃÖê-Ö .êú ÃÖæ"Ö.úÖÓ.ú .úÖ ×¾Ö¾Ö¸ü.Ö ¤üßו֋ …
13. Is trade an engine of growth Explain.
ŒµÖÖ ¾µÖÖ¯ÖÖ¸ü ×¾Ö.úÖÃÖ .úÖ ‡Ó•Ö-Ö Æîü ïÖ™ü .úßו֋ …
14. State Leontief's Input-Output Model and explain its use in economic planning.
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SECTION IV


.Ö›Óü IV
Note This section contains five questions of five marks each based on the following passage. Each question should be answered in about thirty words.
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"Of fundamental importance to the issue of Third World manufacturing export prospects are the barriers which are erected by the developed countries to restrict entry of these products to their own markets. Tariffs, quotas and other barriers in the markets of the rich constitute a major impediment to large-scale industrial exports. The tariff structures of the rich nations are such as to offer the greatest degree of effective protection to their producers in the very industries in which poor countries are most likely to be competitive light industries relatively intensive in the use of unskilled labour such as textiles, footwear, rugs, sporting goods, handbags, processed foodstuffs, etc. This is precisely because of these industries' inability freely to compete, unskilled labour-intensity putting them at a comparative disadvantage within the context of their relatively high wage economies." "×¾Ö.ú×ÃÖŸÖ ¤êü¿ÖÖë †¯Ö-Öê ²ÖÖ•ÖÖ¸ü ´Öë ¤êü¿ÖÖë .êú ˆŸ¯Ö¤üÖ-Ö .úÖê †Ö-Öê ÃÖê ¸üÖê.ú-Öê .êú ×»Ö‹ •ÖÖê ¾µÖ¾Ö¬ÖÖ-Ö .Ö›êÌü ×.úµÖê Æïü ¾Öê ŸÖéŸÖßµÖ ×¾Ö¿¾Ö .êú ˆŸ¯ÖÖ¤ü-ÖÖë .êú ×-ÖµÖÖÔŸÖ .êú ×»Ö‹ ´Öæ»Ö³ÖæŸÖ ÃÖ´ÖõÖÖ Æîü … ¤êü¿ÖÖë .úÖ †ÖµÖÖŸÖ­×-ÖµÖÖÔŸÖ .ú¸ü, .úÖê™üÖ †Öî¸ü
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15. What are the labour intensive manufactures of developing countries
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16. Explain the trade distortive measures of the developed countries.
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17. Explain the reasons for low price elasticity of demand for poor countries' exports.
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18. Explain why 'export or perish' has become slogan of the day
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19. State two main reasons for the imposition of tariff barriers on developing countries' exports to developed countries.
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Space For Rough Work

FOR OFFICE USE ONLY
Marks Obtained
Question Number Marks Obtained
1
2
3
4
5
6
7
8
9
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11
12
13
14
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19

Total Marks Obtained (in words) ...........................................
(in figures) ..........................................
Signature Name of the Coordinator ...................................
(Evaluation) Date .........................

J-01-11 32