paper 3 june 2005

7/23/2019 Paper 3 June 2005

http://slidepdf.com/reader/full/paper-3-june-2005 1/18

ECONOMICS

PAPER-III

11i f- t f i f-

NOTE: This paper is

of

two hundred

200)

marks containing

four 4)

sections.

J

-0105

Candidates

are

required to attempt the questions

contained

in these

sections

according to the detailed instructions given therein.

~ ~ ~ ~ ' l Q i l W-;ft 200) ~ w f v ; > : f ~ i l ' I R ( 4 ) - u r n f l ~ W l f i f ~ q l ~ i l

.;rv;it Ji'R 3Wf>l

f. i f.,

tl

7/23/2019 Paper 3 June 2005


Note:

SECTION- I

~ '

This section contains five (5) questions

based

on

the following

paragraph.

Each question

should

be

answered in about thirty (30)

words

and each carries five (5) marks_

(5x5=25

marks)

B< q illi""'>.<:

n

iW'Jfu

'li;;r

(5) '.R'l

'&1 ~ ' . R ' l

iB

Wl Fl <ftn (

30) '<li"ii'i i j iJ<i:l%(1

'

I

'.R'l 'lf;;r (5)

<=liB

i8 '

I

(5x5=25 ~

The world was poor not

because

it lacked material resources, technical skill or

the

will

to

work

or

even

because it misallocated its employed resources, it was poor because

something was

radically

wrong. with

the way men

(classical economists)

thought

and

conducted their economic affairs__ classical

theory

is misleading and disastrous_

On the basis of the statement made by K e ~ s answer the

following questions

:

i j ~

• iT

if'i fil;-

> 1 \ ~ Un;•Ri, M<MO<liO

ill'-Ff iB" l

<JiB

iP

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'11

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i8

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-,_;i'p

(

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Jil

<:il i'#

;.\

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m +hnfi.1M w

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1. Explain the

context as

to why Keynes made the above statement ?

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<8:

f iruil

i'R:l "r ?rilw ft>:n •.r

1

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-0105

'

P.T.O.

7/23/2019 Paper 3 June 2005


2

Why government interference is T ff<ded

in the economy to

curb

fluctuations

T<ff:M;;;wq B m i li ftrl:

f:1\<liH

i ~ T Pil

iJ:ri"WFJi"

' ?

3

oes

cutting down wage

rate

necessarily

lead

to increase in the level of aggregate

employment

0105

7/23/2019 Paper 3 June 2005


4

How

savlligs could e

a vice rather

than

a virtue ?

5 n the light of the

above does

food for work programme in

India stand

justified?

.

.

~

. . .

.

.

--

~ <\; ., ' '

.,

<f' 1

<8 1

<li

i if<8

>1\JR

<lii HH

' ' l P : l l · ~ ?

0105

P T O

7/23/2019 Paper 3 June 2005


Note:

SECTION-

II

UI 'rn'-

This section contains fifteen (15) questions each

to

be

answered

in

about tldrty (30) words_ Each question

carries

five

(5)

marks_

(5x15=75

marks)

B1 m l

ir-,,r-TTFr (5-5)

< = ~ < B

ili (15)

; p=j '

1

; p=j

iB

W V

n (30)

'lli iil

i j

'

I :'R 1

iFr (

5) iB '&I

(5x15=75 ~

6.

Defirlf<

substitution effect

of a

change

in price on demand of one commodity_

'1 F'T<.:1•.l

<#

- :p--;

n

i j 1 f « F i ~ #;- T\w.wR

'1'1?1

<# 'foW 1 it I

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'

7/23/2019 Paper 3 June 2005


7

How are

selling costs different from

production costs

?

~ M ¥ 1 lim .FliV

~ M ¥ 1

i l f m

\il ill

' ?

8

What

is

marginal

eff:ideru:y

of

Capitsl?

· , P ~ i l l if l1

'

?

0105

P T O

7/23/2019 Paper 3 June 2005


9 What

is

psychological

law

of

consumption

?

'O'T't r;

iB fOp:p:j if l1

'

?

10.

Distinguish

between Warranted

and

Natural

rates

of

growth

.. . f. . . .< . , • •

..... <

'T<"

glf

9

.•

. .<:<:: <li" qr;:;[ iJl iR: < 11 ' ' I

0105

7/23/2019 Paper 3 June 2005


11

Definf

Organic Composition

of

capital

·r.,

% <:1'w=l <P -.fo;n ll t 1

12.

What

do

you

mean by

moTif<tized

deficit?

i ~ 17

i

il<PT if l1 ' ?

0105

9

P T O

7/23/2019 Paper 3 June 2005


13. What is 'BanK

Rate

W,

< t

if'l1 '

14.

Identify

non-tariff

barriers.

B M ~ iJFi iJ•¥8

<P

it I

0105

7/23/2019 Paper 3 June 2005


15. What

is

meant by

demographic transition?

J R i ~ iB if l1 ill .l

'

16. What

are the components

of

narrow

money

as

used by

R I

iJ<R

< iT

l l ~ j;Rl "lf' 'A" 1W

%"

'¥<li

if l1 '

J-0105 n P.T.O.

7/23/2019 Paper 3 June 2005


17. hat are non-perlonning ban assets?

P

'if 'l·- 'l<:BflF: ~ ' 1 % > r

iP ' ?

18. hat

do

you mean by disinvestrr\ent ?

0105

7/23/2019 Paper 3 June 2005


19. Describe

the

constituents

of PQU

PQU

#;

<:f lz,B

iB i"f JR iJi t

20.

Explain

VAT

i:k

<# v:rw:l iJi t I

0105

P T O

7/23/2019 Paper 3 June 2005


Note:

SECTION

- III

~ I I I

This section contains

five

(5) questions from each of the electives I

specialisations_

The candidate has

to

choose only one elective I

specialisation and

answer

all

the

five questions

from

it_ Each question

carries twelve (12) marks

and

is

to beansweredin

about

two

hundred

(200) words_

(Ux5=60

marks)

B1

-zyi;g

i

Y F S : I ~ i l l i\

TJi;;r (5)

'.R'l '&I

iJ<'> '.iT iB

-ili<-A

'T<Ji" [)F"-j<li ~ S : I ~ ' > l i l l

,P ; W -

i j i\

'.R'i(

i 'B<: t=l;

'&1

'.R'l

i :WZ1

(12)

i

'&i1"Rlilil

'B<:WPV:il-n\

(200)

i j

iJ<i:i%1<1'&1

(Ux5=60 ~

Elective-

I

21

Explain the

concept

of auto-correlation

in

a mutiple regression modeL

How

would

you detect

its

preseru:e ? State

its consequences on the

estimated parameters_

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<?FBGU<-:i'l

<#

iJ'li f'lWl\1

<# v:rw:11 iJi't 1 ~ . : i '1(11

%i\

d;:wi:

i W ~

' J 1 ~

n

•;f{"ll'if

i

< o · ~ 1 < 9

<it

1

22.

What

is

chow test? Explain its

uses in testing

the stsbility

of

the estimated

coefficients

in a multiple regression modeL

;;it

'm"if'li '&

<tiW''l g f ~ , H ~ i

i W ~

<#

ft>.wn

<#-iFf

<liB

i j

' N ' i \ i ; ' i

,P v:rw:l1 iJi't I

23.

What

is

the

identification problem

?

State

the conditions under which an equation is

over-

identifed

and

just

identified"_

iJ<l\;j'fili <# m if' 1

' (

?" . l f \ ? : i ' i

i

<i•A@ iJi't

f iRil 'T<J' <:1 1O<li( JI

iJ'l%MiJ<l\;jf>:ttl '&<1'. 1

~ M .W.r1h:ttl

'

1

24 Stste the assumptions of OLS model

and show

that OLS

estimators

are linear and

unbiased_

0105

7/23/2019 Paper 3 June 2005


25

Comment

on

the nature of causality in &anomies

and describe

Granger's test of

causality

involving

a

set

of

vectors

of

variables

z

and X,.

State the assumptions required

to make Granger's concept operational.

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i j

i@TIFl1'

P

l

' <:

~ I l ( T

iJi't

(l".l1

Zt

i h:

X,

;;;i)

i l ; ~

i"l;"

<.¥\

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iF

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ill< PW ll iB f i i l i k H

i

%"

ftw '1F"Fl1cf i":Al'f I

OR

3roW

Elective-

II

21. A

consumer

is said

to

be in equilibrium when the

rate

at

which he

is willing

to

substitute

X for Y

is

equal to the

rate

at which he

can

substitute X for Y . Explain.

' '

T<l'

?Pi\<Al

<P

<P ;mw.n il "if<"il

'1R1

Jffil1

'

JPif <w ;ruT<:<:

"' <:

x j;Rl Y <B T>. Rl'T>i

iP i -Y

W<l1

' , fj;-n

< < '1"{ iW X

j;Rl

Y iB . l R l ' f f i <8:

m '

1

' llw:r

iJi't I

22 Discuss V.Von Stackelberg's

model of

duopoly. What

are

its implications

?

23

Define feasibility of

input-output

system

and

describe atleast

three

criteria for

detennining

feaseability.

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iP

-.fo;1l ll it il'.ll ~ i n %" fq•f<.'Jl %"

<81

i

<81

<f9 1 1 ~

iF

i"f JR iJi't I

24 Explain

Hicksian model of trade cycle.

25 Discuss the

main

features

of Kaldor's model of

economic

growth.

OR

3roW

0105

P T O

7/23/2019 Paper 3 June 2005


Elective - III

R 'lftf<l III

21. E:xamille the

role

and relevance of "IJ\.fF'' in the emerging

international monetary

system.

<trm.ro/'1 1W

::mW

il

(IM:F)

ili

i J < ~ "il'.ll

•fl:l<8

i l i l

<it

1

22. What

are

the regional trading blocks ? Comment upon the prospects of

increasing

India's

trade in

the context

of

fonnation

of

regional blocks

in the developed world

with

special

reference to

European

Union.

ffib:i

v:ww

~ i f f ' r r* l , r@ m l n '¢.

~ . , . < ' T i l

>PJfi r> R <:t l,

ili 'TO'l

i l i ~ 1 il

'11«1 #;" V:WW i j yf;;; #;"

<:yFl n T

iJi't

I

23 Explain the impact on developing countries

of

distortions and asymmetries which have

appeared

in the

World Trade Organization

after

1995.

<J' 1995 #;" q;<:

' ' l 'm

i j :'l <R

(il"' q;-,;]T

f q < J / ~ > i f (l".H i J < f H f 1 M M ~ < i l #;" f1<liRPG<.1 -t-$1

n 1'1?1 <Ji'T

v:nw:11

iJi't

I

24 E:xamille

the

process of detennination of

exchange rates

under flexible exchange rate

system.

' ' ' , .

' f . f. . ,_.

~

~ " " ' '1 ~ 1 1 <:1::

'J'Ill ''

< li iWfl R1 ~ 1 1 <:1:: < li · ~ · J W l

<fiT

•

i8

~ " \ ' ' I

25

Highlight the

various issues raised

by advaru:ed

countries after

the

fonnation

ofW.T.O.

~ i

<i\ #;" '10"1 #;" i":fi fq<Jif@

m

j;PJ TcPJ: '1'J:

f¥\m

~

n

.FB'll

-;gr;':j

I

OR

I roW

Elective-

V

R 'lftf<l V

21. Discuss

the

main trends in food

grain

production in India during the last decade.

Rh'.<'J

- ; : · ~ F l i " i j >U«l i j

&rnJ>i #;"

'P l<:= <Ji'T '.PJF '.JY%if <Ji'T

iJi't

I

22.

Stabilization

of

agricultural income

in

India

depends upon

stabilization

of agricultural

prices .

Comment.

'' •nit' iW I < P ~ . w n

<# ~ . w n

'nfq>h:%1

~ T < R : 1

23

Identify

the major problems that are faced by

fanners

in India in respect of

marketing

of

their produce.

'11«1 #;" %nRi <B iJ<-.:FI ;p:n<if #;"

il "'1;;;'

f:iR ~ w : i8

"{ll'1'Jl

iR'l1 '1 o/l1

' ,

'1ZR"Fl

iJi't

I

0105

7/23/2019 Paper 3 June 2005


24

Analyse the impact

of W.T.O.

on

the

Indian

agriculture. Will

it

ensure sustainable

agrarian

development ?

>n<f\'1 if,%"

n i i X i t

i l; 'J'F1 iB

f , o p , _ O ~ o i

iJi't

1

if li

' Zf '1H 'b:i %Fn -;8 f { ~ f ~ > M

ili'<m

25 Discuss the scope

and

limitations of contract fanning in

India.

'11«1 j 3il;" n @# <#

(l .ll

<:ft li<i\

iP iJi't I

OR

roW

Elective -

21

Comment on the role

of plaruUng in

the changed

economic

scenario since

1991 in

India.

22

Discuss

the

impact

of economic refonns

on

the iru:idence of

poverty

in India since

1991.

23

What

do

you mean

by

convertibility

of

rupee?

Is

capital account convertibility

advantagous in

India under

the

present

circumstances ?

24 Globalization

is a

serious threatto the survival

of

small

scale sector

in India

Evaluate.

25 State the steps

taken

by the Centre and State Governments to reduce the

revenue

deficit

in the recent

years.

0105

P T O

7/23/2019 Paper 3 June 2005


Note:

SECTION-

IV

UI 'rn'- I V

This section

consists of

one essay

type

question

of forty

40)

marks

to

be

answered in about

one thousand 1000) words on any of the

following topics_ Tlds question carries 40 marks_

40x1=40 marks

40x1=40

~ )

26.

Describe the

present

trends

in

inter-

state

i ~ u a l i t i e s To what extent the various

recommendations of Finance Commissions have helped

in

reducing regional

imbalances

in lndia_

iJ'PR:M<J'?I

iJH:1l'f""fill<i'i iB

'f li"'l

ili'( I We i j ffib:j -,8 i81 i j

il<P:fi:\

P

ftrnft¥ lim (lili <:TGP:l<li ftr.;;

'&

OR/3rol: l i

Briefly describe the various indicators of

economic development Which Onf<

of

these

you consider

as

the most appropriate and why ?

iJ<;I)<.Ri ~ n %-f¥\m <B

<:1' 1'9 'f li"'l

<it

1

i l F"' f:1?ll+>w,

'

al<:

if'i'i

'&

OR/3rol: l i

Do you

agree

with the

view

that the

various

employment genf<rating programmes

in

India have not shown the desired results

?

Discuss_

i f f il<N B1 ~ f Q < f w ~ ' & w e il

m-.:i li

~ ; p : m i l R

~

<lil'iili'ir

~

'.TI'91iJl1

'

~

iJi't I

J

-0105

7/23/2019 Paper 3 June 2005


FOR OFFI E

USE

ONLY

arks Obtained

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'

Total l\1arks Obtamed (in

words

_

(in figures) _

Signature & Name of the Coordinator _

Evaluation)

Date_

0105

paper 3 june 2005

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