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PAPER-III

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ECONOMICS

11i"'f-'tfif- III

Tlds paper consists of two parts -(A and B). All questions are
compulsory.

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PART-A

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Tlds part has ten short essay type questions of 16 marks each to
be answered in about three hundred words_

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1.

E:xplam with a suitable diagram the coru:ept of the 'Point of Bliss'.

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E:xplam the L-shaped cost curve for the long run.

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2.

'Portfolio Balance Approach put forward by Tobin is a development of Keynes' theory

of demand for moTif<y'. Examine.

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Explain the concept of accelerator and show how it geTif<rates economic fluctuations.
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3.

What is endogenous growth ? Discuss the role of education, research and knowledge
in growth process.
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Critically examine Prebisch-Singer hypothesis of trade and development.

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4.

Critically examille Wiseman-Peacock hypothesis of growth of public expenditure.

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Trace the growth of public debt in India during the eighties and nllieties. Is India
moving towards internal debt trap ?
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5.

How does the traditional theory of international trade get modified when trade takes
place under conditions of imperfect competition in commodity markets ?
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What are non-tariff barriers ? How do they restrict trade between countries ?

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6.

Discuss the mall problems plaguing the urban cooperative banldng sector. What steps
do you suggest for mffting the emerging situation?
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Describe the recent developments in regard to the functionllig of the Unit Trust of
India. What steps have been initiated by the Government of India to improve its
functionllig ?

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7.

Disucss the merits and demerits of privatisation of public sector undertakings in the
context of economic refonns.

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Discuss Sergeant theory of industrial location Is it applicable in the Indian situation?

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8.

E:xplam the cliffereru:e between stable population and stationary population models.
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Discuss the joint Forest Management in microplanning for environment and

eco-preservation.

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9.

Do you think Green Revolution led to regional disparity in agricultural development in

Indis ? Give reasons in support of your view.
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Highlight the shifts in the strategy of rural development since the Ninth Plan.

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10.

The followllig are the demand functions of a discrirrrinating monopoly:

X1 ~32-0.4 P 1 and X2 ~18-0.1 P 2
Where X1 and X2 are quantities demanded in markets 1 and 2 and P1 and P 2 are the
respective prices. Given the cost furu:tion C~50+40 X where X~X1 + X 0 calculate
the mailinum total profit and also price elasticities of demand in the two markets.

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For a linear programming. explain the concepts of feasible solution and basic feasible
solution Illustrate with a suitable example.
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D-0104

PART-B

11.

This part has only one question of 40 marks to be answered in about (800) Eight
hundred words_

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Explain the coru:ept of 'stationarity'. Discuss the unit root test of stationarity_
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Set up a linear programming problem, state its dual and explain simplex method of
solving it_

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Discuss the trends of regional trade blocks_ Do you thinK they are a roadblock to or a
step towards objective of free trade ?

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Evaluate the role of agricultural price policy and examine the rationale for minimum
support price in the present context of liberalisation_
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Discuss recent trends of poverty in India_ Do you think that higher economic growth is
sufficient condition for alleviation of poverty ?

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FOR OFFICE USE ONLY

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Marks Obtained

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(in figures) _
Signature & Name of the Coordinator _

(Evaluation)

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