CIVILS MAINS 2013 ECONOMICS (PAPER-II)
Time Allowed:Three Hours Maximum Marks: 250

QUESTION PAPER SPECIFIC INSTRUCTIONS
(Please read each of the following instructions carefully before attempting questions)
There are EIGHT questions divided in two Sections and printed both in HINDI and in ENGLISH.
Candidate has to attempt FIVE questions in all.
Question Nos. 1 and 5· are compulsory and out of the remaining, THREE are to be attempted choosing at least ONE question from each Section. The number of marks carried by a question/part is indicated against it.
Answers must be written in the medium authorized in the Admission Certificate which must be stated clearly on the cover of this Question-cum-Answer Booklet in the space provided. No marks will be given for answers written in medium other than the authorized one.
Word limit in questions, wherever specified, should be adhered to and if answered in much longer or shorter than the prescribed length, marks may be deducted. Graphs/illustrations, wherever required, may be drawn/given in the space provided for answering the question itself.
Attempts of questions shall be counted in chronological order. Unless struck off, attempt of a question shall be counted even if att,empted partly. Any page or portion of the page left blank in the Question-cum-Answer Booklet must be clearly struck off.

SECTION-A

1. Answer the following questions in about 150 words each 10x5=50

Write on 'Drain Theory' as developed by Dadabhai Naoraji. How does it explain sustained poverty during the British Rule in India?

Mixed economy is an outcome of the compromise between laissez-faire capitalism and socialisf state control of resources. Elaborate. Mention its salient features.

State the basic features of Mahalanobis model.

How is development looked upon by A. K. Sen in terms of freedom and poverty as unfreedoms? Point out his narration of five dimensions of poverty.

What are the components of Land Reforms in India? Has it been completed? If not, then what are the obstacles?

2. "An underdeveloped money and capital market has been a major cause of slow economic growth in India. n In the light of this statement, give relative importance of financial sector vis-a.-vis real sector in Indian economy. 25

"A close connection between the finance on the one hand, and politics and administration on the other hand, and the influence of the latter on the former cannot be avoided. This is all the more true in India." Do you agree with this statement of C. N. Vakil? Is it relevant even today? 25

3. (a)The industrial development agenda framed by the Industrial Policy, 1956 transformed the Indian economy substantially from an agricultural to an industrial economy. Elucidate. State in brief sectoral composition of growth during the period before 1990. 25

How are 'absolute' and 'relative' poverty measured? What modification in it has been suggested by Amartya Sen? What are the recent advances in the area of poverty measurement? Discuss. 25

4. Transformation of rural sector is key to economic development as it sustains two-thirds of Indian population. How physical connectivity, electronic connectivity and knowledge connectivity may be helpful in. this transformation? Explain the linkages. . 25

Inflation is not a purely monetary phenomenon in India and hence the scope of monetary policy of the RBI to contain it is limited. Discuss. 25

SECTION-B

5.Answer the following questions in about 150 words each 10x5=50

Do you agree that focussed and target-oriented technological interventions under National Food Security Mission (NFSM) qave made significant impact since its inception? Justify.

"Partial capital account convertibility cannot serve the purpose of integrating Indian economy with global economy." Analyse critically.

What are the key initiatives proposed in Foreign Trade Policy, 2009-2014 for market diversification and technological upgradation to give a boost to exports?

Write on 'dichotomy of development' and 'urban-bias' in Indian economy.

What is 'Crony Capitalism? How it compromises economic and social justice issues? Explain

6. What is the present policy of disinvestment of the Government of India? What modifications can be introduced in order to make it fruit-bearing? 25

What are the major objectives of the Direct Taxes Code Bill, 2010? Will it be effective in generating enhanced tax revenues? 25

7. "Indian planning structure and system still remains largely in favour of a centralised nature of planning. The 73rd and 74th Constitutional Amendments have hardly brought ·about any change in reality in the nature of Indian planning process.· Critically evaluate this statement. 25

Accelerated growth of tertiary sector during the past two decades in Indian economy has posed multiple challenges. Discuss. 25

8. "Speculators may do no harm as bubbles on a steady stream of enterprise, but the position is serious when enterprise becomes the bubble on whirlpool of speculation. When capital development of a country becomes a by-product of the activities of a casino, the job is likely to be undone.· Explain in the context of global fmandal crisis and its impact on Indian economy. 25

Account for the changes in the employment pattern in India after liberalization. What are your suggestions for employment security in the 'informal' sector of the economy? Discuss. 25