2022

ECONOMICS
3{efcng
Time: 3 hours
Maximum Marks: 200
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Question paper specific instructions

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i. This paper is divided into two Sections, Section-A

and Section_B.
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ii. Each Section contains four (4) questions.

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iii. Candidate has to attempt flve questions in all.

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iv' Question Nos l
and 5 are compursory and out of the remaining,
THREE questions are
to be attempted choosing at reast oNE question
from each section.
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v. Word limit in questions, where specified, should

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vi. The number of marks carried by a question/part

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vii. Questions are printed in English & Hindi languages.

ln case of any ambiguity in
transration of any question, English version
shal be treated as finar.
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Q.1 Answ^er the following que-stions (Word

limrt 15O
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1(a) Exprain the concept ofthe "Kardors styrtzed fucts" rerated
to income distribution?
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1(b) How do you define tax et, what are its main implications for
revenue generation?
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(8)
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1(c) *" trade-offs and narrate the imptications
of choosing tariffs over quotas or
:j:::;r vice (8)

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1(dl y*]"ffi factors that determine the accumuration
"" and distribution of human capitar
in (8)
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1(e) A monopolist has no supply curve.
Do you agree with the statement?
firm under perfect compllition ls this applying to
as welll a (8)
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Q.2 Answer the following questions.
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2(al How does government regulation
and antitrust policy impact
duopoly markets?
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2(bl How do the pareto criteria, Hicks
and Scitovsky criteria, and Arrow,s
differ in their approaches to welfare lmpossibility Theorem (1s )
analysis?
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2(c) How does the rs-LM anarysis herp
in understanding the transmission
monetary policy? mechanism of (1s)
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 q.3 Answer the following questions.
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3(a) How. do trving Fisher, Jean_Baptiste Say, and
development of the euantity Milton Friedman contribute to
Theory ofr,aoi"vi,,- the (10)
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3(b)
in achiev,ng stabirization. (1s)
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3(c) H-ow do trade agreements
and international institutions s upport
efforts of underdeveloped or hinder the development
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Q.4 Answer the following questions
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4(al TRIPs protect intellectual property
rights (rpRs) in the context
HI"r** of internationar (10)
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4(b) what are the imprications ofJ\4yrdar and Kuznets' perspectives
aimed at promoting economic for poricy interventions (1s)
development and ridujn-g
i,nequatityf
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4(c) Discuss the concept of ,,circular economy,,
and its o
consumption and waste generation. 'otential for reducin8 resource (15)
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Q 5 Answer the following questions (Word limit 150 words)

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Who has developed and standardized concepts and definitions of

labour force'
5(a)
explain'
employment and unemployment suitable to lndian conditions?Briefly
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5(b) How Social Audit is done under Mahatma Gandhi NREGA Scheme?
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Explain regional dispersal of green revolution and regional

inequalities between 1960-
5(c)
55 to 1980-83 in lndia.
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Explain the Resilient FDI inflow in Manufacturing Sector in
recent times in lndia'
5(d)
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5(e) Explain the prospect of lndia as a major player in the global value chain under the
current Global scenario.
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Q.6 Answer the following questions

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6(a)Writeabriefnoteontheob,iectivesandExpansionofthePublicDistributionSystemin(10)
lndia
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Was the "Bhoodan" movement a part of land reforms?

Discuss the maior implications (15)
6(bl
of it in lndia.
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 6(c) Explain the lnequality within the structure of WTO. (1s)
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Q.7 Answer the following questions

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7(a ) Suggest maior reforms in FDI policy to boost investment in lndia in recent times. (10)
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7(b) From 1965 to 1980 was the time of lndustrial Deceleratlon and Structural changes in (15)
lndia. Briefly explain the Causes of Deceleration and Retrogression at that time period

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7 (cl Discuss Dr. V.K.R.V. Rao's thoughts in the context of planning for development in the (15)
Post-lndependent era of lndia.'
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Q.8 Answer the following questions

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8(a) Why should you being an lndian concerned about climate change? (10)
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8(b) Critically evaluate the strategy of poverty alleviation programmes in lndia in recent (15)
years.

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8(c) Explain the steps in computing lndia's M ultidimensional Poverty lndex (1s)
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