1. ¯ÖÆü»Öê ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ …2. »Ö‘Öã ¯ÖÏ¿®Ö ŸÖ£ÖÖ ×®Ö²ÖÓ¬Ö ¯ÖÏÛúÖ¸ü Ûêú ¯ÖÏ¿®ÖÖë Ûêú ˆ¢Ö¸ü, ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ®Öß“Öê

µÖÖ ¯ÖÏ¿®ÖÖë Ûêú ²ÖÖ¤ü ´Öë פüµÖê Æãü‹ ׸üŒŸÖ ãÖÖ®Ö ¯Ö¸ü Æüß ×»Ö×ÜÖµÖê …‡ÃÖÛêú ×»Ö‹ ÛúÖê‡Ô †×ŸÖ׸üŒŸÖ ÛúÖÝÖ•Ö ÛúÖ ˆ¯ÖµÖÖêÝÖ ®ÖÆüà Ûú¸ü®ÖÖ Æîü …

3. ¯Ö¸üßõÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê®Öê ¯Ö¸ü, ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ †Ö¯ÖÛúÖê ¤êü ¤üß •ÖÖµÖêÝÖß … ¯ÖÆü»Öê¯ÖÖÑ“Ö ×´Ö®Ö™ü †Ö¯ÖÛúÖê ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê ŸÖ£ÖÖ ˆÃÖÛúß ×®Ö´®Ö×»Ö×ÜÖŸÖ•ÖÖÑ“Ö Ûêú ×»Ö‹ פüµÖê •ÖÖµÖëÝÖê, וÖÃÖÛúß •ÖÖÑ“Ö †Ö¯ÖÛúÖê †¾Ö¿µÖ Ûú¸ü®ÖßÆîü :(i) ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê Ûêú ×»Ö‹ ˆÃÖÛêú Ûú¾Ö¸ü ¯Öê•Ö ¯Ö¸ü »ÖÝÖß

ÛúÖÝÖ•Ö Ûúß ÃÖᯙ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ Ûúß ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü …

(ii) Ûú¾Ö¸ü ¯Öéšü ¯Ö¸ü ”û¯Öê ×®Ö¤ìü¿ÖÖ®ÖãÃÖÖ¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ Ûêú ¯Öéšü ŸÖ£ÖÖ¯ÖÏ¿®ÖÖë Ûúß ÃÖÓܵÖÖ ÛúÖê †“”ûß ŸÖ¸üÆü “ÖîÛú Ûú¸ü »Öë ×Ûú µÖê ¯Öæ¸êü Æïü …¤üÖêÂÖ¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ ×•Ö®Ö´Öë ¯Öéšü/¯ÖÏ¿®Ö Ûú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ †Ö ÝÖµÖêÆüÖë µÖÖ ÃÖß׸üµÖ»Ö ´Öë ®Ö ÆüÖë †£ÖÖÔŸÖË ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü Ûúß ¡Öã×™ü¯ÖæÞÖÔ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü ŸÖ£ÖÖ ˆÃÖß ÃÖ´ÖµÖ ˆÃÖê »ÖÖî™üÖÛú¸ü ˆÃÖÛêúãÖÖ®Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ »Öê »Öë … ‡ÃÖÛêú ×»Ö‹ †Ö¯ÖÛúÖê¯ÖÖÑ“Ö ×´Ö®Ö™ü פüµÖê •ÖÖµÖëÝÖê … ˆÃÖÛêú ²ÖÖ¤ü ®Ö ŸÖÖê †Ö¯ÖÛúß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ¾ÖÖ¯ÖÃÖ »Öß •ÖÖµÖêÝÖß †Öî¸ü ®Ö Æüß †Ö¯ÖÛúÖê †×ŸÖ׸üŒŸÖ ÃÖ´ÖµÖפüµÖÖ •ÖÖµÖêÝÖÖ …

4. †®¤ü¸ü פüµÖê ÝÖµÖê ×®Ö¤ìü¿ÖÖë ÛúÖê ¬µÖÖ®Ö¯Öæ¾ÖÔÛú ¯ÖœÌëü …5. ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ Ûêú †®ŸÖ ´Öë Ûú““ÖÖ ÛúÖ´Ö (Rough Work) Ûú¸ü®Öê Ûêú

×»Ö‹ ´Ö滵ÖÖÓÛú®Ö ¿Öß™ü ÃÖê ¯ÖÆü»Öê ‹Ûú ¯Öéšü פüµÖÖ Æãü†Ö Æîü …6. µÖפü †Ö¯Ö ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö Ûêú †»ÖÖ¾ÖÖ †¯Ö®ÖÖ ®ÖÖ´Ö,

¸üÖê»Ö ®Ö´²Ö¸ü, ±úÖê®Ö ®Ö´²Ö¸ü µÖÖ ÛúÖê‡Ô ³Öß ‹êÃÖÖ ×“ÖÅ®Ö ×•ÖÃÖÃÖê †Ö¯ÖÛú߯ÖÆü“ÖÖ®Ö ÆüÖê ÃÖÛêú, †Ó×ÛúŸÖ Ûú¸üŸÖê Æïü †£Ö¾ÖÖ †³Ö¦ü ³ÖÖÂÖÖ ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖêÆïü, µÖÖ ÛúÖê‡Ô †®µÖ †®Öã×“ÖŸÖ ÃÖÖ¬Ö®Ö ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖê Æïü, ŸÖÖê ¯Ö¸üßõÖÖ Ûêú×»ÖµÖê †µÖÖêÝµÖ ‘ÖÖê×ÂÖŸÖ ×ÛúµÖê •ÖÖ ÃÖÛúŸÖê Æïü …

7. †Ö¯ÖÛúÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖ¯ŸÖ ÆüÖê®Öê ¯Ö¸ü ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ×®Ö¸üßõÖÛú ´ÖÆüÖê¤üµÖ ÛúÖê»ÖÖî™üÖ®ÖÖ †Ö¾Ö¿µÖÛú Æîü †Öî¸ü ‡ÃÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ Ûêú ²ÖÖ¤ü †¯Ö®Öê ÃÖÖ£Ö¯Ö¸üßõÖÖ ³Ö¾Ö®Ö ÃÖê ²ÖÖÆü¸ü ®Ö »ÖêÛú¸ü •ÖÖµÖë …

8. Ûêú¾Ö»Ö ®Öß»Öê/ÛúÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ‡Õ™ü ¯Öê®Ö ÛúÖ Æüß ‡ÃŸÖê´ÖÖ»Ö Ûú¸ëü …9. ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü ÛúÖ ÃÖÓÝÖÞÖÛú (Ûêú»ÖÛãú»Öê™ü¸ü) µÖÖ »ÖÖòÝÖ ™êü²Ö»Ö †Öפü ÛúÖ

¯ÖϵÖÖêÝÖ ¾ÖÙ•ÖŸÖ Æîü …

1. Write your roll number in the space provided on the topof this page.

2. Answer to short answer/essay type questions are to begiven in the space provided below each question orafter the questions in the Test Booklet itself.

No Additional Sheets are to be used.

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(i) To have access to the Question Booklet, tear off thepaper seal on the edge of this cover page. Do notaccept a booklet without sticker-seal and do notaccept an open booklet.

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5. One page is attached for Rough Work at the end of thebooklet before the Evaluation Sheet.

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J-01-11 P.T.O.

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J

PAPER-III

[Maximum Marks : 200Time : 2 1/2 hours]

Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 19

Instructions for the Candidates ¯Ö¸üßõÖÖÙ£ÖµÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö

(In figures as per admission card)

ECONOMICS

0 1 1 1

J-01-11 2

ECONOMICS

†£ÖÔ¿ÖÖáÖ

PAPER – III

¯ÖÏ¿−Ö¯Ö¡Ö – III

Note : This paper is of two hundred (200) marks containing four (4) sections. Candidates

are required to attempt the questions contained in these sections according to the

detailed instructions given therein.

−ÖÖê™ü : µÖÆü ¯ÖÏ¿−Ö¯Ö¡Ö ¤üÖê ÃÖÖî (200) †Ó úÖë úÖ Æîü ‹¾ÖÓ ‡ÃÖ´Öë “ÖÖ ü̧ (4) �ÖÓ›ü Æïü … †³µÖ£Öá ‡−Ö´Öë ÃÖ´ÖÖ×ÆüŸÖ ¯ÖÏ¿−ÖÖë êú ˆ¢Ö ü̧ †»Ö$Ö ×¤üµÖê $ÖµÖê ×¾ÖßÖéŸÖ ×−Ö¤ìü¿ÖÖë êú †−ÖãÃÖÖ¸ü ¤ëü …

J-01-11 3 P.T.O.

SECTION – I

�ÖÓ›ü – I

Note : This section consists of two essay type questions of twenty (20) marks each, to be

answered in about five hundred (500) words each. (2 ×××× 20 = 40 marks)

−ÖÖê™ü : ‡ÃÖ �ÖÓ›ü ´Öë ²ÖßÃÖ–²ÖßÃÖ (20) †Ó úÖë êú ¤üÖê ×−Ö²Ö−¬ÖÖŸ´Ö ú ¯ÖÏ¿−Ö Æïü … ¯ÖÏŸµÖê ú ¯ÖÏ¿−Ö úÖ ˆ¢Ö¸ü »Ö$Ö³Ö$Ö ¯ÖÖÑ“Ö ÃÖÖî (500) ¿Ö²¤üÖë ´Öë †¯Öê×+ÖŸÖ Æîü … (2 ×××× 20 = 40 †Ó ú)

1. In the period of Globalisation, the development gap between rich and poor nations has

widened. Elucidate.

¾ÖÖß ú ü̧-Ö êú ‡ÃÖ úÖ»Ö ´Öë ÃÖ´¯Ö−−Ö ‹¾ÖÓ ×−Ö¬ÖÔ−Ö ¸üÖ™ÒüÖë êú ²Öß“Ö ×¾Ö úÖÃÖ úß �ÖÖ‡Ô ²ÖœÌüŸÖß •ÖÖ ¸üÆüß Æîü … ïÖ™ü úßו֋ … OR / †£Ö¾ÖÖ

Economic development is not complete without taking into account the environmental

issues. Elaborate.

¯ÖµÖÖÔ¾Ö ü̧-ÖßµÖ ÃÖ´ÖõÖÖ†Öë úÖê ¥üÛ™ü ´Öë ü̧�Öê ײÖ−ÖÖ †ÖÙ£Ö ú ×¾Ö úÖÃÖ †¯Öæ-ÖÔü Æîü … ¾µÖÖ�µÖÖ úßו֋ …

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J-01-11 7 P.T.O.

2. State and explain the problems caused by migration of labour from rural to urban

areas. Examine the steps that have been taken by the Government of India to arrest

this trend.

$ÖÏÖ´Öß-Ö +Öê¡ÖÖë ÃÖê −Ö$Ö ü̧ßµÖ +Öê¡ÖÖë ´Öë ÁÖ´Ö êú ¯ÖϾÖÖÃÖ ÃÖê ˆŸ¯Ö−−Ö ÆüÖê−Öê ¾ÖÖ»Öß ÃÖ´ÖõÖÖ†Öë úÖê ×»Ö×�Ö‹ †Öî ü̧ ˆ−Æëü ïÖ™ü úßו֋ … ‡ÃÖ ºþ—ÖÖ−Ö úÖê ¸üÖê ú−Öê êú ×»Ö‹ ³ÖÖ¸üŸÖ ÃÖ¸ü úÖ¸ü −Öê •ÖÖê ¯Ö$Ö ˆšüÖµÖê Æïü, ˆ−Ö úÖ ´Ö滵ÖÖÓ ú−Ö úßו֋ …

OR / †£Ö¾ÖÖ What do you mean by Fiscal Consolidation ? Discuss the steps, if any, taken by the

Government of India in this direction in the recent past.

×¾Ö¢ÖßµÖ ÃÖ´ÖÖÆü¸ü-Ö ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü ? ‡ÃÖ ×¤ü¿ÖÖ ´Öë ³ÖÖ ü̧ŸÖ ÃÖ¸ü úÖ ü̧ «üÖ¸üÖ ˆšüÖµÖê $Ö‹ ¯Ö$ÖÖë, µÖפü úÖê‡Ô ˆšüÖµÖÖ $ÖµÖÖ ÆüÖê, úß “Ö“ÖÖÔ úßו֋ …

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J-01-11 9 P.T.O.

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J-01-11 10

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J-01-11 11 P.T.O.

SECTION – II

�ÖÓ›ü – II

Note : This section contains three (3) questions from each of the electives/specializations.

The candidate has to choose only one elective/specialization and answer all the

three questions contained therein. Each question carries fifteen (15) marks and is to

be answered in about three hundred (300) words. (3 ×××× 15 = 45 Marks)

−ÖÖê™ü : ‡ÃÖ �Ö-›ü ´Öë ¯ÖÏŸµÖê ú ‹êÛ“”û ú ‡ úÖ‡Ô / ×¾Ö¿ÖêÂÖ–ÖŸÖÖ ÃÖê ŸÖß−Ö (3) ¯ÖÏ¿−Ö Æïü … †³µÖ£Öá úÖê êú¾Ö»Ö ‹ ú ‹êÛ“”û ú ‡ úÖ‡Ô / ×¾Ö¿ÖêÂÖ–ÖŸÖÖ úÖê “Öã−Ö ú ü̧ ˆÃÖß êú ŸÖß−ÖÖë ¯ÖÏ¿−ÖÖë êú ˆ¢Ö ü̧ ¤êü−Öêê Æîü … ¯ÖÏŸµÖê ú ¯ÖÏ¿−Ö ¯Ö−¦üÆü (15) †Ó úÖë úÖ Æîü ¾Ö ˆÃÖ úÖ ˆ¢Ö¸ü »Ö$Ö³Ö$Ö ŸÖß−Ö ÃÖÖî (300) ¿Ö²¤üÖë ´Öë †¯Öê×+ÖŸÖ Æîü … (3 ×××× 15 = 45 †Ó ú)

Elective – I / ×¾Ö ú»¯Ö – I

3. (a) Explain the distinction between R2 and R–2 in regression analysis.

(b) Explain the problem of autocorrelated disturbances in linear regression

models. How would you test the presence of this problem ?

(a) ÃÖ´ÖÖÁÖµÖ-Ö ×¾Ö¿»ÖêÂÖ-Ö ´Öë R2 †Öî ü̧ R–2 êú †−ŸÖ ü̧ úÖê ïÖ™ü úßו֋ … (b) ¸îü×�Ö ú ×−ÖµÖŸÖ ÃÖ´²Ö−¬Ö ´ÖÖ›ü»ÖÖë ´Öë þÖ: ÃÖÆü-ÃÖ´²ÖÛ−¬ÖŸÖ ¡Öã×™ü ¯Ö¤üÖë úß ÃÖ´ÖõÖÖ úß ˆ¯ÖÛãÖ×ŸÖ úÖ ¯Ö¸üß+Ö -Ö îúÃÖê

ú¸ëü$Öê …

4. Distinguish between Recursive and Interdependent simultaneous equations systems ?

Discuss the estimation methods suitable to each of these systems.

†Ö¾ÖŸÖÔ ú ŸÖ£ÖÖ †−ŸÖ¸ü-ÃÖ´²ÖÓ×¬ÖŸÖ µÖã$Ö ¯Ö¤ü ÃÖ´Öß ú ü̧-ÖÖë úß ¯ÖÏ-ÖÖ»Öß êú ²Öß“Ö úÖ †−ŸÖ ü̧ ïÖ™ü úßו֋ … ‡−Ö ¯ÖÏ-ÖÖ×»ÖµÖÖë ´Öë ÃÖê ¯ÖÏŸµÖê ú êú †Ö ú»Ö−Ö êú ×»Ö‹ ˆ¯ÖµÖãŒŸÖ ¯Ö¨üןֵÖÖë úß ¾µÖÖ�µÖÖ úßו֋ …

5. Define the concept of co-integration in the context of time series models. Explain

suitable tests to find out if two or more series are co-integrated.

ÃÖ´ÖµÖ-ÀÖéÓ�Ö»ÖÖ ´ÖÖ›ü»ÖÖë êú ÃÖÓ¤ü³ÖÔ ´Öë ÃÖÆü-‹ úß éúŸÖ †¾Ö¬ÖÖ¸ü-ÖÖ úß ¯Ö׸ü³ÖÖÂÖÖ ¤üßו֋ … µÖÆü ¯ÖŸÖÖ »Ö$ÖÖ−Öê êú ×»Ö‹ ˆ×“ÖŸÖ ¯ÖϵÖÖê$ÖÖë úÖê ïÖ™ü úßו֋ × ú ¤üÖê †£Ö¾ÖÖ ‡ÃÖÃÖê †×¬Ö ú ÀÖéÓ�Ö»ÖÖ‹Ñ ÃÖÆü-‹ úß éúŸÖ Æïü …

Elective – II / ×¾Ö ú»¯Ö – II

3. Explain the distinction between Monopoly and Monopolistic competition. Explain the

concept of group equilibrium under monopolistic competition.

‹ úÖ×¬Ö úÖ¸ü †Öî̧ ü ‹ úÖ×¬Ö úÖ¸üß ¯ÖÏןֵÖÖê×$ÖŸÖÖ †−ŸÖ ü̧ úÖê ïÖ™ü úßו֋ … ‹ úÖ×¬Ö úÖ¸üß ¯ÖÏןֵÖÖê×$ÖŸÖÖ êú †Ö¬Öß−Ö ÃÖ´ÖæÆü ÃÖÓŸÖã»Ö−Ö úß †¾Ö¬ÖÖ¸ü-ÖÖ úÖê ïÖ™ü úßו֋ …

4. Explain the concepts of ‘pure’ and ‘mixed’ strategy in the context of two person zero

sum game. How equilibrium is reached under this theory ?

™æü-¯ÖÃÖÔ−Ö •ÖÌ߸üÖê-ÃÖ´Ö-$Öê´Ö êú ÃÖÓ¤ü³ÖÔ ´Öë ‘×¾Ö¿Ö㨒ü †Öî̧ ü ‘×´Ö×ÁÖŸÖ’ ¸ü-Ö−Öß×ŸÖ úß †¾Ö¬ÖÖ¸ü-ÖÖ úÖê ïÖ™ü úßו֋ … ‡ÃÖ ×ÃÖ¨üÖ−ŸÖ êú †−ŸÖ$ÖÔŸÖ ÃÖ−ŸÖã»Ö−Ö úÖê îúÃÖê ¯ÖÏÖ¯ŸÖ × úµÖÖ •ÖÖŸÖÖ Æîü ?

5. Discuss Solow’s growth model.

ÃÖÖê»ÖÖê êú ×¾Ö úÖÃÖ ´ÖÖ›ü»Ö úß “Ö“ÖÖÔ úßו֋ …

J-01-11 12

Elective – III / ×¾Ö ú»¯Ö – III

3. Explain the multi-lateral trade agreements regarding GATS and TRIPs.

$Öî™üÃÖ (•Öß ‹ ™üß ‹ÃÖ) †Öî̧ ü ×™Òü¯ÖÃÖ (™üß †Ö ü̧ †Ö‡Ô ¯Öß ‹ÃÖ) ÃÖê ÃÖ´²ÖÛ−¬ÖŸÖ ²ÖÆãü-¯ÖÖÛÀ¾ÖÔ ú ¾µÖÖ¯ÖÖ ü̧ ‡ ú¸üÖ¸ü −ÖÖ´ÖÖë úÖê ïÖ™ü úßו֋ …

4. What are different forms of Economic Integration ? Examine the problems faced in

economic integration among less developed countries.

†ÖÙ£Ö ú ‹ úß ú¸ü-Ö êú ×¾Ö׳Ö−−Ö º ¯Ö ŒµÖÖ Æïü ? ú´Ö ×¾Ö ú×ÃÖŸÖ ¤êü¿ÖÖë êú ²Öß“Ö †ÖÙ£Ö ú ‹ úß ú¸ü-Ö ´Öë †Ö−Öê ¾ÖÖ»Öß ÃÖ´ÖõÖÖ†Öë úÖ ´Ö滵ÖÖÓ ú−Ö úßו֋ …

5. What is meant by the term hedging ? What gives rise to it ? Can hedging take place in

spot market for foreign exchange ?

ÆîüØ•Ö$Ö ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü ? ‡ÃÖê ú²Ö †¯Ö−ÖÖµÖÖ •ÖÖŸÖÖ Æîü ? ŒµÖÖ ÆîüØ•Ö$Ö ×¾Ö¤êü¿Öß ×¾Ö×−Ö´ÖµÖ úß Ã¯ÖÖê™ü ´ÖÖÙ ú™ü ´Öë ÆüÖê ÃÖ úŸÖß Æîü ?

Elective – IV / ×¾Ö ú»¯Ö – IV

3. State the objectives of public distribution system in India. How far the system has

achieved these objectives ?

³ÖÖ¸üŸÖ ´Öë ÃÖÖ¾ÖÔ•Ö×−Ö ú ×¾ÖŸÖ¸ü-Ö ¯ÖÏ-ÖÖ»Öß êú ˆ§êü¿µÖÖë úÖ ×¾Ö¾Ö¸ü-Ö ¤üßו֋ … ‡ÃÖ ¯ÖÏ-ÖÖ»Öß «üÖ¸üÖ × úÃÖ ÃÖß´ÖÖ ŸÖ ú ‡−Ö ˆ§êü¿µÖÖë úß ¯ÖæÙŸÖ Æãü‡Ô Æîü ?

4. Critically examine Multi-Agency Approach to rural credit in India.

³ÖÖ¸üŸÖ ´Öë $ÖÏÖ´Öß-Ö Šú-Ö µÖÖê•Ö−ÖÖ ´Öë ²ÖÆãü-‹•ÖëÃÖß †×³Ö$Ö´Ö (´Ö»™üß-‹•ÖëÃÖß ‹¯Ö¸üÖê“Ö) úÖ †Ö»ÖÖê“Ö−ÖÖŸ´Ö ú ´Ö滵ÖÖÓ ú−Ö úßו֋ …

5. Do you agree that Land Reforms in India are improving incentive structure in

agriculture ? Explain the reasons.

ŒµÖÖ †Ö¯Ö ÃÖÆü´ÖŸÖ Æïü × ú ³ÖÖ¸üŸÖ ´Öë ³Öæ×´Ö ÃÖã¬ÖÖ¸ü ¯ÖÏÖêŸÃÖÖÆü ú œüÖÑ“Öê ´Öë úÖê‡Ô ÃÖã¬ÖÖ¸ü »ÖÖ ¸üÆêü Æïü ? úÖ ü̧-ÖÖë úß ¾µÖÖ�µÖÖ úßו֋ …

Elective – V / ×¾Ö ú»¯Ö – V

3. How have globalization, liberalisation and privatisation policies affected medium and

small scale industries in India ?

³ÖÖ¸üŸÖ ´Öë ´ÖÓ—ÖÖê»Öê †Öî¸ü »Ö‘Öã ¤ü•Öì êú ˆªÖê$ÖÖë úÖê ¾ÖÖß ú¸ü-Ö, ˆ¤üÖ¸üß ú¸ü-Ö †Öî̧ ü ×−Ö•Öß ú ü̧-Ö úß −ÖßןֵÖÖë −Öê úÆüÖÑ ŸÖ ú ¯ÖϳÖÖ×¾ÖŸÖ × úµÖÖ Æîü ?

4. Discuss the role of Public-Private Partnerships (PPP) in the development of

infrastructure projects with reference to roads and airport development in India.

³ÖÖ¸üŸÖ ´Öë ÃÖ›ü ú ‹¾ÖÓ Æü¾ÖÖ‡Ô-¯Ö¢Ö−Ö êú ×¾Ö úÖÃÖ êú ÃÖÓ¤ü³ÖÔ ´Öë ÃÖ ü̧ úÖ¸üß-×−Ö•Öß ³ÖÖ$ÖߤüÖ¸üß (¯Öß ¯Öß ¯Öß) úÖ ´Öæ»Ö³ÖæŸÖ œüÖÓ“ÖÖ ×¾Ö úÖÃÖ ¯Ö× ü̧µÖÖê•Ö−ÖÖ†Öë úß ³Öæ×´Ö úÖ úß “Ö“ÖÖÔ úßו֋ …

5. Discuss main recommendations of Thirteenth Finance Commission of India.

³ÖÖ¸üŸÖ êú ŸÖê ü̧Æü¾Öë ×¾Ö¢ÖßµÖ †ÖµÖÖê$Ö úß ×ÃÖ±úÖ׸ü¿ÖÖë úß ×¾Ö¾Öê“Ö−ÖÖ úßו֋ …

J-01-11 13 P.T.O.

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J-01-11 20

SECTION – III

�ÖÓ›ü – III

Note : This section contains nine (9) questions of ten (10) marks, each to be answered in

about fifty (50) words. (9 ×××× 10 = 90 Marks)

−ÖÖê™ü : ‡ÃÖ �ÖÓ›ü ´Öë ¤üÃÖ-¤üÃÖ (10-10) †Ó úÖë êú −ÖÖî (9) ¯ÖÏ¿−Ö Æïü … ¯ÖÏŸµÖê ú ¯ÖÏ¿−Ö úÖ ˆ¢Ö¸ü »Ö$Ö³Ö$Ö ¯Ö“ÖÖÃÖ (50) ¿Ö²¤üÖë ´Öë †¯Öê×+ÖŸÖ Æîü … (9 ×××× 10 = 90 †Ó ú)

6. State ‘Weak’ and ‘Strong’ axioms of Revealed preference approach of demand

analysis.

´ÖÖÑ$Ö ×¾Ö¿»ÖêÂÖ-Ö êú ˆ¤Ëü‘ÖÖ×™üŸÖ ¾Ö ü̧ßµÖŸÖÖ ˆ¯ÖÖ$Ö´Ö êú ×−Ö²ÖÔ»Ö ŸÖ£ÖÖ ÃÖ²Ö»Ö †×³Ö$ÖéÆüßŸÖ úÖ ¾Ö-ÖÔü−Ö úßו֋ …

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J-01-11 21 P.T.O.

7. Explain Pareto optimality in relation to consumption and production.

ˆ¯Ö³ÖÖê$Ö ŸÖ£ÖÖ ˆŸ¯ÖÖ¤ü−Ö êú ÃÖ´²Ö−¬Ö ´Öë ¯Ö¸êü™üÖê úß ‡Ô™üŸÖÖ (†ÖêÛ¯™ü´Öî×»Ö™üß) úÖê ïÖ™ü úßו֋ …

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8. What is the concept of money multiplier ?

´Öã¦üÖ $Öã-Ö ú úß †¾Ö¬ÖÖ¸ü-ÖÖ ŒµÖÖ Æîü ?

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J-01-11 22

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9. Explain the distinction between merit and public goods.

‘ÁÖêšü’ †Öî̧ ü ÃÖÖ¾ÖÔ•Ö×−Ö ú ¾ÖßÖã†Öë êú †−ŸÖ ü̧ úÖê ïÖ™ü úßו֋ …

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10. What is fiscal deficit ? How does it differ from revenue deficit ?

×¾Ö¢ÖßµÖ ‘ÖÖ™üÖ ŒµÖÖ Æîü ? µÖÆü ¸üÖ•ÖÃ¾Ö ‘ÖÖ™üÖ ÃÖê × úÃÖ ¯ÖÏ úÖ¸ü ׳Ö−−Ö Æîü ?

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11. What is meant by the term ‘Balance of Payments’ ? How does Current Account

differ from Capital Account ?

‘†¤üÖµÖ×$ÖµÖÖë úÖ ²Ö úÖµÖÖ’ ÃÖê ŒµÖÖ †×³Ö¯ÖÏÖµÖ Æîü ? “ÖÖ»Öæ �ÖÖŸÖê ÃÖê ¯ÖæÑ•Öß �ÖÖŸÖÖ × úÃÖ ¯ÖÏ úÖ ü̧ ׳Ö−−Ö Æîü ?

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J-01-11 25 P.T.O.

12. Differentiate between Absolute and Relative Poverty. State Sen’s Poverty Index.

×−Ö ü̧¯Öê+Ö †Öî¸ü ÃÖÖ¯Öê+Ö ×−Ö¬ÖÔ−ÖŸÖÖ ´Öë †−ŸÖ¸ü ²ÖŸÖ»ÖÖ‡‹ … †´ÖŸµÖÔ ÃÖê−Ö êú ×−Ö¬ÖÔ−ÖŸÖÖ ÃÖæ“Ö úÖÓ ú úÖ ×¾Ö¾Ö ü̧ -Ö ¤üßו֋ …

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13. Is trade an engine of growth ? Explain.

ŒµÖÖ ¾µÖÖ¯ÖÖ¸ü ×¾Ö úÖÃÖ úÖ ‡Ó•Ö−Ö Æîü ? ïÖ™ü úßו֋ …

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J-01-11 26

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14. State Leontief’s Input-Output Model and explain its use in economic planning.

»µÖÖê−ÖŸÖß±ú êú ‡−Ö-¯Öã™ü-†Öˆ™ü¯Öã™ü ´ÖÖò›ü»Ö úÖ ×¾Ö¾Ö ü̧-Ö ×»Ö×�Ö‹ †Öî̧ ü ‡ÃÖ úß †ÖÙ£Ö ú †ÖµÖÖê•Ö−ÖÖ ´Öë ¯ÖϵÖÖê$Ö úÖê ïÖ™ü úßו֋ …

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J-01-11 27 P.T.O.

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SECTION – IV

�ÖÓ›ü – IV

Note : This section contains five (5) questions of five (5) marks each based on the following

passage. Each question should be answered in about thirty (30) words.

(5 ×××× 5 = 25 Marks)

−ÖÖê™ü : ‡ÃÖ �ÖÓ›ü ´Öë ×−Ö´−Ö×»Ö×�ÖŸÖ ¯Ö׸ü“”êû¤ü ¯Ö ü̧ †Ö¬ÖÖ׸üŸÖü ¯ÖÖÑ“Ö (5) ¯ÖÏ¿−Ö Æïü … ¯ÖÏŸµÖê ú ¯ÖÏ¿−Ö úÖ ˆ¢Ö¸ü »Ö$Ö³Ö$Ö ŸÖßÃÖ (30) ¿Ö²¤üÖë ´Öë †¯Öê×+ÖŸÖ Æîü … ¯ÖÏŸµÖê ú ¯ÖÏ¿−Ö ¯ÖÖÑ“Ö (5) †Ó úÖë úÖ Æîü … (5 ×××× 5 = 25 †Ó ú)

“Of fundamental importance to the issue of Third World manufacturing export

prospects are the barriers which are erected by the developed countries to restrict

entry of these products to their own markets. Tariffs, quotas and other barriers in the

markets of the rich constitute a major impediment to large-scale industrial exports.

The tariff structures of the rich nations are such as to offer the greatest degree of

effective protection to their producers in the very industries in which poor countries

are most likely to be competitive – light industries relatively intensive in the use of

unskilled labour such as textiles, footwear, rugs, sporting goods, handbags, processed

foodstuffs, etc. This is precisely because of these industries’ inability freely to

compete, unskilled labour-intensity putting them at a comparative disadvantage

within the context of their relatively high wage economies.”

“×¾Ö ú×ÃÖŸÖ ¤êü¿ÖÖë −Öê †¯Ö−Öê ²ÖÖ•ÖÖ¸ü ´Öë ×−Ö¬ÖÔ−Ö ¤êü¿ÖÖë êú ˆŸ¯Ö¤üÖ−Ö úÖê †Ö−Öê ÃÖê ¸üÖê ú−Öê êú ×»Ö‹ •ÖÖê ¾µÖ¾Ö¬ÖÖ−Ö �Ö›Ìêü × úµÖê Æïü ¾Öê ŸÖéŸÖßµÖ ×¾Ö¿¾Ö êú ˆŸ¯ÖÖ¤ü−ÖÖë êú ×−ÖµÖÖÔŸÖ êú ×»Ö‹ ´Öæ»Ö³ÖæŸÖ ÃÖ´ÖõÖÖ Æîü … ¬Ö−Öß ¤êü¿ÖÖë úÖ †ÖµÖÖŸÖ-×−ÖµÖÖÔŸÖ ú¸ü, úÖê™üÖ †Öî ü̧ †−µÖ º úÖ¾Ö™ëü ²Ö›Ìêü ßָü ¯Ö ü̧ †ÖîªÖê×$Ö ú ×−ÖµÖÖÔŸÖ êú ´ÖÖ$ÖÔ ´Öë ¹ úÖ¾Ö™êü Æïü … ¬Ö−Öß ¤êü¿ÖÖë êú †ÖµÖÖŸÖ-×−ÖµÖÖÔŸÖ ú¸üÖë úÖ œüÖÑ“ÖÖ ‹êÃÖÖ Æîü •ÖÖê ˆ−Ö êú †¯Ö−Öê ˆŸ¯ÖÖ¤ü úÖë úÖê ˆ−Æüà ˆªÖê$ÖÖë ´Öë ¯ÖϳÖÖ¾Öß ÃÖã̧ ü+ÖÖ ¯ÖϤüÖ−Ö ú ü̧ŸÖÖ Æîü וÖ−Ö´Öë ×−Ö¬ÖÔ−Ö ¤êü¿ÖÖë êú †×¬Ö úÖ×¬Ö ú ¯ÖÏןֵÖÖê$Öß ÆüÖê−Öê úß †¯Öê+ÖÖ Æîü … µÖÆü Æïü ‹êÃÖê Æü»Ö êú ˆªÖê$Ö ×•Ö−Ö´Öë † ãú¿Ö»Ö ÁÖ´Ö ¯ÖϬÖÖ−Ö ÆüÖêŸÖÖ Æîü µÖ£ÖÖ ú¯Ö›ÌüÖ, •ÖæŸÖÖ-×−Ö´ÖÖÔ-Ö, $Ö»Öß“Öê, �Öê»ÖÖë úÖ ÃÖÖ´ÖÖ−Ö, Æïü›ü ²Öî$Ö, ÃÖÖ×¬ÖŸÖ �ÖÖª-¯Ö¤üÖ£ÖÔ ‡ŸµÖÖפü … µÖÆü ÃÖÓ+Öê¯Ö ´Öë ‡ÃÖ ×»Ö‹ × ú ¾ÖÆüÖÑ êú µÖê ˆªÖê$Ö Ã¾ÖŸÖ−¡Ö º ¯Ö ÃÖê ¯ÖÏןֵÖÖê×$ÖŸÖÖ −ÖÆüà ú ü̧ ÃÖ úŸÖê ŒµÖÖë× ú ˆ−Ö êú ÃÖÖ¯Öê+ÖŸÖµÖÖ ˆ““Ö ˆ•Ö¸üŸÖ ¾ÖÖ»Öß †ÖÙ£Ö úŸÖÖ êú ÃÖÓ¤ü³ÖÔ ´Öë † ãú¿Ö»Ö ÁÖ´Ö úß ¯ÖϬÖÖ−ÖŸÖÖ ˆ−Æëü ŸÖã»Ö−ÖÖŸ´Ö ú ¥üÛ™ü ÃÖê ÆüÖ×−Ö úÖ¸ü ú šüÆü ü̧ÖŸÖß Æîü …”

J-01-11 28

15. What are the labour intensive manufactures of developing countries ?

×¾Ö úÖÃÖ¿Öᯙ ¤êü¿ÖÖë êú ÁÖ´Ö-¯ÖϬÖÖ−Ö ˆŸ¯ÖÖ¤ü úÖî−Ö ÃÖê Æïü ?

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16. Explain the trade distortive measures of the developed countries.

×¾Ö ú×ÃÖŸÖ ¤êü¿ÖÖë êú ¾µÖÖ¯ÖÖ׸ü ú ×¾Ö éú×ŸÖ úÖ¸ü ú ˆ¯ÖÖµÖÖë úß ¾µÖÖ�µÖÖ úßו֋ …

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J-01-11 29 P.T.O.

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17. Explain the reasons for low price elasticity of demand for poor countries’ exports.

×−Ö¬ÖÔ−Ö ¤êü¿ÖÖë êú ×−ÖµÖÖÔŸÖ úß ´ÖÖÑ$Ö úß ×−Ö´−Ö ´Öæ»µÖ »Ö“Ö ú êú úÖ ü̧ -ÖÖë úß ¾µÖÖ�µÖÖ úßו֋ …

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18. Explain why ‘export or perish’ has become slogan of the day ?

‘×−ÖµÖÖÔŸÖ ú¸üÖê †£Ö¾ÖÖ ×´Ö™üÖê’ µÖÆü †Ö•Ö úÖ †ÖžÖÖ−Ö ŒµÖÖë ²Ö−Ö $ÖµÖÖ Æîü ? ïÖ™ü úßו֋ …

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19. State two main reasons for the imposition of tariff barriers on developing countries’

exports to developed countries.

×¾Ö ú×ÃÖŸÖ ¤êü¿ÖÖë ´Öë †×¾Ö ú×ÃÖŸÖ ¤êü¿ÖÖë «üÖ¸üÖ ×−ÖµÖÖÔŸÖ ¯Ö¸ü †ÖµÖÖŸÖ-×−ÖµÖÖÔŸÖ ú¸ü ¾µÖ¾Ö¬ÖÖ−Ö �Ö›Ìêü ú ü̧−Öê êú × ú−Æüà ¤üÖê úÖ¸ü-ÖÖë úÖ ˆ»»Öê�Ö úßו֋ …

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Question

Number

Marks Obtained

FOR OFFICE USE ONLY

Total Marks Obtained (in words) ...........................................

(in figures) ..........................................

Signature & Name of the Coordinator ...................................

(Evaluation) Date .........................

J-01-11 32

Marks

Obtained