HCS Optional Subject: HCS Mains Economics Paper 2014 Frontier IAS
Baljit Dhaka

HCS Optional Subject: HCS Mains Economics Paper 2014 Frontier IAS

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HCS Optional Subject

HCS Mains Economics Optional Paper 2014

Time : 3 Hours                                                                                                                       M.M. : 150
Note i) Attempt five questions. All questions carry equal marks. Question number 1 is compulsory. Answer any two questions from Part I and two questions from Part II. The parts of the same questions must be answered together and must not be interposed between answers to the questions. 
ii) In case of any discrepancy in the English and Hindi versions. English version will be taken as final.

Q1. Write notes on any four of the following:               (4X7.5=30)
(a) Indifference curve and consumer equilibrium.
(b) Price and output determination by Monopoly firm
(c) "Trade is engine of economic growth".
(d) Harrod model of growth
(e) Strategy of Jan-Dhan Yojana in India.
(f) Role and growth of capital goods industries in India.

                                                                 Part - I

Q2. Explain various types of costs in production. Narrate the transition of a firm from short-run cost curves to long-run cost curves.    (30)

Q3. What do you mean by classical theory of employment? How has Keynes improved upon the classical theory? Explain in detail.    (30) 

Q4. (a) Discuss the role of public finance in a developing economy.   (15)

(b) Examine the principles and incidence of taxation.  (15)

                                                                  Part - II

Q5. (a) Analyse the changing sectoral pattern of national income and its implications in the Indian economy.  (15)

(b) Throw light on causes and consequences of regional disparities in agricultural growth of the Indian economy.  (15)

Q6. Discuss the emergence of cooperative federalism in India in view of the recommendations of the Fourteenth Finance Commission of India and other fiscal measures of the government of India in recent years. (30)

Q7. (a) How do you view changing pattern of foreign trade and Balance of payments in India?   (15)

(b) What types of inferences can be drawn from the public expenditures in India during the last few years?  (15)