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 | 2017 | |
| City, State | central government, |
Question Paper
What is value-in-use and value in-exchange according to the classical economists In this context explain the diamond-water paradox as indicated by Adam Smith.
From national income accounting find the value of investment if private savings is worth RS 200 crores, government savings is RS.50 crores and current account balance is RS.20 crores.
Show and explain that the investment multiplier value is lower in an open economy compared to a closed economy.
Describe Schumpeter's concept of innovation.
Describe the merits of flexible exchange rate system.
why do financial intermediaries like banks exist in a modem money using economy
2. How surplus and hence, wealth is generated as per Physiocrats Explain in terms of Quesnay's Tableau Economique.
3.Explain the role of financial sector especially commercial banks in modem economic development
4. Discuss the knife-edge Instability problem in Harrod-Domar growth model.
5. Show that monetary policy is effective in raising income of a nation if exchange rate is fixed, no matter whether capital mobility is perfect or imperfect (show both the cases).
6. Discuss the main ingredients of elasticity approach for adjustment or disequilibrium in balance of payments.
7. Discuss the role of IMF in stabilizing the world economy,
8. Compare and contrast demand pull and cost-push inflation.
9. what is the motivation for the new growth theory Describe main points of difference between Solow model of economic growth and basic endogenous growth model.
10. Discuss the main tenets of the theory of underdevelopment as propounded by dependency school.
11. In an economy following data are given
Consumption function C 250 0·5 500r
Investment function I 250 500r
Real Money Demand Md/P 0.5y-500r
Real Moncy Supply Ms/P 7650/P
Aggregate Supply Full-employment level=Y' 1000
Government Expenditure G Tax T =200
src='./qimages/7966-11.jpg'>
Find out Equation or IS curve
Equation of LM curve
Equation of AD curve
Equilibrium values of and I
Show graphically what happens to equilibrium values when money supply increases
12. when is it more effective to pursue a Hirschmanian strategy compared to Nurksian balanced growth model approach Discuss after explaining the essence of both the models.
13.What are the basic static and dynamic arguments for economic integration in less developed countries
14. Differentiate between short run and long run Philips curve,what implications they have for the conduct of macroeconomic policies
15. State the assumptions of Hecksher-Ohlin model and explain the role each assumption plays in the derivation of the main results of the model.
16. Critically discuss the follow1ng concepts related to growth and welfare and mention some of the modifications suggested
Human Development Index
Human Poverty Index
Physical Quality of Life Index(PQLI)
From national income accounting find the value of investment if private savings is worth RS 200 crores, government savings is RS.50 crores and current account balance is RS.20 crores.
Show and explain that the investment multiplier value is lower in an open economy compared to a closed economy.
Describe Schumpeter's concept of innovation.
Describe the merits of flexible exchange rate system.
why do financial intermediaries like banks exist in a modem money using economy
2. How surplus and hence, wealth is generated as per Physiocrats Explain in terms of Quesnay's Tableau Economique.
3.Explain the role of financial sector especially commercial banks in modem economic development
4. Discuss the knife-edge Instability problem in Harrod-Domar growth model.
5. Show that monetary policy is effective in raising income of a nation if exchange rate is fixed, no matter whether capital mobility is perfect or imperfect (show both the cases).
6. Discuss the main ingredients of elasticity approach for adjustment or disequilibrium in balance of payments.
7. Discuss the role of IMF in stabilizing the world economy,
8. Compare and contrast demand pull and cost-push inflation.
9. what is the motivation for the new growth theory Describe main points of difference between Solow model of economic growth and basic endogenous growth model.
10. Discuss the main tenets of the theory of underdevelopment as propounded by dependency school.
11. In an economy following data are given
Consumption function C 250 0·5 500r
Investment function I 250 500r
Real Money Demand Md/P 0.5y-500r
Real Moncy Supply Ms/P 7650/P
Aggregate Supply Full-employment level=Y' 1000
Government Expenditure G Tax T =200
src='./qimages/7966-11.jpg'>
Find out Equation or IS curve
Equation of LM curve
Equation of AD curve
Equilibrium values of and I
Show graphically what happens to equilibrium values when money supply increases
12. when is it more effective to pursue a Hirschmanian strategy compared to Nurksian balanced growth model approach Discuss after explaining the essence of both the models.
13.What are the basic static and dynamic arguments for economic integration in less developed countries
14. Differentiate between short run and long run Philips curve,what implications they have for the conduct of macroeconomic policies
15. State the assumptions of Hecksher-Ohlin model and explain the role each assumption plays in the derivation of the main results of the model.
16. Critically discuss the follow1ng concepts related to growth and welfare and mention some of the modifications suggested
Human Development Index
Human Poverty Index
Physical Quality of Life Index(PQLI)