HCS mains 2004 economics optional question paper
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HCS mains 2004 economics optional question paper

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HCS mains 2004 economics optional question paper

HCS Mains Economics 2004 

Time: 3 Hours              Maximum Marks:150 

Note : Attempt Five questions in all. All questions carry equal marks. Q. No. l 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 : (4x7.5 =30)

(a) Per Capita National Income as a measure of national well-being. 

(b) Foreign exchange reserves are not necessary under free and ?exible exchange rate system.

(c) Growth led export and export led growth for developing countries.

(d) Agricultural Sector can play vital role in increasing exports of India.

(e) Poverty removal programmes in India  failed to reduce poverty effectively.

(f) The process of economic reforms in India have aggravated economic and social disparities.

Part I

2. What are the salient differences between Fisher's equation and Cambridge equation forValue of Money ? Which of these do you prefer and why ? (30)

3. Bring out the role of “human capital” in economic development of a country. Would you agree with the view that this critical role has not been appreciated in most of the Growth model ? give reasons. (30)

4. Explain main characteristics of Oligopoly market. Does the Kinked demand curve solution offer a satisfactory explanation of price-output decisions under oligopoly ? (30)

Part II

5. Distinguish between direct subsidies, cross subsidies and covert subsidies. What role do the subsidies play in agricultural development of lndia ? (30)

6. “Inspite of its drawbacks, the public sector has an important role to play in a vast and poor country like India.” Examine this statement critically ? (30)

7. Explain the meaning of de?cit ?nancing and discuss its role and limitation for promoting economic development in India. (30)