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Note:

Note:

D-0104

ECONOMICS

~ PAPER-III

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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om1. 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 P1 and X2~18-0.1 P2 Where X1 and X2 are quantities demanded in markets 1 and 2 and P1 and P2 are the respective prices. Given the cost furu:tion C~50+40 X where X~X1 + X0 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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PART-B

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

11. 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_ ---"- ---""'-- , ~ • ---""----- -" , . • • -" E • '<'"~'I""!~-·~ <P 'l"'"'''" <fi +-"'1Fn ,., .. _,'"- "il'.ll 9~ <'li"i'fif'lR '.Rl'1 .,~"iM'1 <T'l'-R 'I""! %-~<8~~1

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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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D-0104 P.T.O.

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Marks Obtained

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Total l\1arks Obtamed (in words) _

(in figures) _

Signature & Name of the Coordinator _

(Evaluation) Date_

D-0104