c.~.

Sl. No.

s.

(~v1A IN) EX.t\M~

2()()l)

C-DTN-J-FDA

183
ECONOMICS
Paper-I

Time Allo wed

Three Hours

J\.1 aximum

INSTRUCTIONS

Each question is printed both in

in English.

.-.c..w.

Answers must be written

medium
--- ~cate issued
spe cified in the Admissio
to you, which must be '"a te,a cle arly on the
cove r of the
tn
the space
provide d for the p
No marks will be

ould attempt Question Nos. 1

~~
ft are compulsory; and any three
~~71 aining questions selec ting at least
- - --estion from each Sectio n .
number
is

3=1:!~:tn

~t'l

of marks carried by each

indicated at the end of the

Cf)f

f%~1 ~41r::('1{ ~

-~ ~ f\:li~ ~ ~

Section-A
1.

.Answer ru~y three of the follov..ring.

answer should not exceed 200 words

Each
20x3=60

{a)

(b)

What,

according to Arrow, are

ax1oms
required
for
transl
individual
preference
into
preferences? Why is it
construct social preferences
those axioms?

" Subjective approach

leads
to least aggregate
a.liCIIIn ce principle."
e limitations of
Elucidate. Also ~~
this principle. ~

{c)

Is i_t

~ t

o~ou s

policy-detern1ined

vara~- plrun.

"C2 1ridge
equation
determines
.,...._, c t n1e (Y) assuming rate of interest (r}
given, whereas Keynes theory of
rate determination assumes
given
income.
Both
are
thus
incomplete."
Do you agree '\vith the above assertion?
t-Io'v \vould then these two variables
( Y and r) be determined simultaneously?

C-DTN--J-FDA/39

2.

Demand for light bulbs can be characterised

by Q = 100 - P, where Q is millions of boxes of
lights sold and P is the price per hox. There
are two producers of lights having identical
cost functions

(a)

(b)

I guesses

(c)

that
Cournot
conjectural
ariation, so it plays Stackelberg. What
are the equilibrium values of Q 1 , Q 2 and
P? What are each firm's profits?

(d)

If the managers of t'\.vo firms collude,

\.vha t are the equilibrium values of Q 1 ,
Q 2 and P? What a r e each firm's profits?

60
C-DTN-J--FDA/39

3.

Answe r the follow ing

200 '.vords each :

(a)

1n

not

more

than
20x3= 60

"A domin ant firm acts as a pr1ce leader

and other firms adjust their outpu ts
accord ingly., Comn1 .en t.

4.

(b)

&'The direct money burde n of

impos e d
on any object IS
bet\.ve en the buyers and the
1n
the propor tion of the elast~ c4f supply
of the object taxe d to_}Jii~ sticity of
deman d for it." Discu : , . V

{c)

What is
has
Scitov s
remov ing
c

"Scitovg~<
;
f
'l-ad
ox"?
~n

How far
succes sful
in
d1ction s
in
Kaldor -

"' If expec

s (regar ding price level) were

alway~
fu
ed, short- run aggreg ate supply
-~~LJ~ d ahvays be vcrtica l.n

this statem ent of New

Econo mics. What would be the
&.~~k1 pe of the curve, if expect ations were not
w......-ea lised? What other assum ption is made by
e"v Classi cal Econo mists in this contex t and
what is its implic ation?

C-DTN -J-FD A / 39

60

Section- B
5.

.1\ns"ver any three of the fo llowing.

ans v.rer should not exceed 200 '\vords

Each

20x3=60
(a}

If each coun tr:y IS endowed

certain fixed co1nmodity combinati
the difference s in dema nd patte r.
the se countrie s can lead to e...,.., -~llii~~
of internatio na l trade."
Explain this s t ate ment '\vit .........offer curves of t he two
es.

{b)

Bring
out
the
In
the
definitions of deficit
ing given by
diffe r e nt
authori
India
and
cxarn1ne the rol
finan cin g as
an
neta .ry contro l.

(c)

"In

subsidie
tariffs
agre
(d)

o domestic disto rtions,

e first b est policies and
second be st . ~ Do y ou

C itic

evaluate Kuzne ts inverte d Up~

curve hypothesi s of income
ibution . D oe s it h old good for less
vcloped countries as '\Vell?

you subscribe to the view that 1n a s mall

pe n econo1ny \Vi th perfect capital n1obili ty,
expansion a ry fi~cal policy is ineffectiv e under
fr ee ly
fl exible
exchange
rate,
whereas
expansion a ry Inone t a iy policy will inc rease
the nation a l inco1n e? Elabora te your a nswer
u s ing s uitable diagra n1.s .
C-DTN- J - FDA/ 39

60

7.

''Expa nsion
of high
produc tivity sector
ab sorb s
more
and
more
labour
from
subsis tence sector indica ting that dualis m is
a po~verful t ool of deve lopme nt planni ng."
Critica lly
model
of
develo pment in
a nd

8.

Answe r the followi ng, limitin g your

about 200 ~vords for each :

(a}

to

- - 20x3= 60

Define a balanc e of paym

tuncti on
and explai n the facto~
t
caus e a
shift tn this
"-~CJxplain
the

(b)

(c)

What

n Deve lopme nt Index

(HOI}? ~-..:r lim i tation s as a meas ure
of e
develo pme nt anrl sugges t
ent{s) .

C-DTN -J-FD A/39

10

. ..

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..). t.'.-":,..:'-...11

Seria l No. (_ _ _0_

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..._
? ---J)

EXAi'Yt, ,,..J')ll1
J...

(c-D TN-J -FDB ]

ECON OMIC S
Paper -11

(Time Allowed : Three Hours J

INSTR UCTIO NS
Each questio n is printed both n
and in Englis h.
Answe rs must be writte
edium
specifi ed in the Adm
ertifica te
issued to you. wh
st be stated
clearly on the co
e answer -book
in the space P.,., ~
for the purpos e.
No marks w~ ven for the answer s
written i,~ium other than that
specified ~ Admiss ion Certific ate.
e3ft8hou /d attempt Questio n Nos. 1
hich are compul sory, and any
-...t~.. e
of the remain ing questi ons
ling at least one questio n from each
......
~ ction.
~~ The num_be r of marks carried by each
questio n is indica ted at the end of the
questio n.
641..., ~

~~ q:;r fS ... J) ~4Ff'l (

~"r{(WIT~ I
I

~ '!IFf- w

ct

filoH

SECTION-A
1.

2.

3.

Answer any THREE of the following questions in about

20x3=60
,200 words each :
(a)

Discuss the process of'forced commercializatio

agriculture under colonial rule.

(b)

Explain the main aspects of the role oft

Bank of India nnder the present Jibera.kf~~~~
regime as compared to the regime p "'~~-""-'

(c)

Critically examine the argumen

in favour of disinvesbnent of

(d)

The TRIPS agreement

argument in favour
assessment ? Dis

~ put forward

n~~r1~10Wlter to

the neoliberal
etition." Is this a fair

..,

of land refo rm in India in its

vanous aspe ~1.......::: ging out inter-s tate differences.
60
How woul~I'WI
terpret this record ?
9"-~

~........ ytical

description of growth and change in

rtalal t conomy during the period from 1950-51 to
60
l y examine and analyse the argument that over the
ast two decades there is an increasing divergence between
the incidence of poverty based on the Planning
Commission ~s Expert Committee methodology and that
based on calorie intakes as obtained from the National
60

Sample Surveys.
2

(Contd.)

SECTION-B

5.

Answer any THREE of the following questions in about

200 words each :
(a)

20x3=60

uThe success of the Green Revolution shows the

importance of the State in agrarian

transfo~,

o''

Conunent.
(b)

Critically assess the key recomme

Twelfth Finance Commission.

ons of the

(c)

(d)

6.

--~-

Examine

mdusive growth,, spelling out their basic components as

you see them.

60

(Contd .)

8.

What are your perceptions on the following? (Each answer

in about 200 words) :
(a)

20 x3 =60

The slowing down of industrial growth in India from

the mid 1960s till the mid/late 1970s.

(b)

(c)