HCS Mains Optional Paper: Economics - 2003 Frontier IAS
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Baljit Dhaka
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HCS Mains Optional Paper: Economics - 2003 Frontier IAS

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HCS Mains Optional Paper Economics-2003

HCS Mains Optional Paper: In this post, we will discuss HCS mains Economics Optional Paper 2003.

Time: 3 Hours                                                                                                                                               Marks: 150

Note: Attempt any Five questions. All questions carry equal marks. Q. No. 1 is compulsory. Answer two questions from Part I and two Questions from Part II. The parts of the same question must be answered together and must not be interposed between answers to other questions.

1. Write critical notes on any four of the following:  4×7.5=30 marks
(a) Marshall’s and Hicks’s analysis of consumer equilibrium.
(b) Money multiplier and growth of money supply 
(c) Relationship between tax rate and tax revenue 
(d) Public debt in India 
(e) Management of water resources in India 
(f) Composition of India’s foreign trade of recent past.

Part I

2. “Flexibility in wage rate is a necessary condition to full employment in classical theory of employment.” Comment. 30 marks                                                

3. How can monetary and fiscal policies can speed up recovery in a recessionary economy? Which one is more effective in developing economy? 30 marks                                                
                                                                                                                    
4. Explain the price determination under monopolistic competition market. Discuss the role of selling costs in this market. 30 marks                                                

Part II

5. What do you mean by Disinvestment of Public Sector Units? Discuss the needs and consequences of disinvestment of public sector units in India in the recent past.  30 marks                                                                                                          

6. Why is globalization of Indian Economy inevitable? How far this has improved the Balance of Payments position of Indian Economy? 30 marks                                                

7. Give an account of the techniques of measurement of poverty in India and discuss the measures taken for the eradication of poverty in our economy.  30 marks