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of 10
7/23/2019 IAS Mains Economics 2009
1/10
S l. No.
183
c s
~ v 1
A
IN
E X . t \
M ~
2 ) )l)
C D
T N J
FD A
E ON
O M I S
P a p e r
Time
All
wed
Three
our s
J\
ax im
um
INST
R U T IO
N S
E
ach que
st ion
is
prin
ted both
in
. .c . .w.
in
Engl ish
.
A n s w
e r s m u s t
be
written
sp e cif ie
d
i
n the
A d m i
ss io
m e
dium
- - - ~ c t e
i s sued
to
you
which m u s t
be ' a t
e ,a
cle arl
y on th e
t
n
th
e sp a
ce
o
m a
rk s
will
b e
cove r o f
th e
provide d
for the p
s
ould at tem
p t Ques t
ion
N o
s
t are
compul
sory ;
a
n d a n y
th r
a i n
i n g q ue
st ion s
se le
c
t ing a
t lea s
t
est ion
from each
Secti
o n
n um b er
o f
m a rk s
carried
y
each
is ind ic
a ted a t th e
e n d
o f
t he
~ : t n Cf f f ~ 1
~ 4 1 r : : ( ' 1 {
m -
f \ : l i ~
~ t l
7/23/2019 IAS Mains Economics 2009
2/10
S e c t i o
n A
1 .Answer
r
u ~ y
thr o f
th e follo
v..ring. E a c
h
a n s w e r
sh o u
ld n o
t e
xceed 20
0
w o rd
s
{a
b)
{c)
2 0 x3 = 6 0
W h a
t, acco
rd ing to Arrow
, a re
a x1 om
s r e q u i r
e d
for t r an
s l
i nd iv idu
a l pref
e rence
in to
pre fe re
n c e s ? W h y
is i
t
c o n s
t ru c t
so c ia l p r
e fe rence
s
th o se
a
x i o m s ?
le
a d s
S u b j
ec t i v e
a p p
ro a c h
to l e a s
t aggrega
te
E lu
c ida te .
s o
th i s p ri
n c iple .
a li III
e
pr inc ip
le .
e l im i ta
t i ons o f
Is
i_
t
~ p o
licy -de t
e rn 1 ined
v r
plrun.
C
r idge
e q u
a t ion d
e te rm in
es
. , . . . ._ , c t n1e
(Y) a
s s u m in g
rate
of in te r
e s t r
}
g iv
en , w h e r
e a s
K e y n e s
th e o r y
o f
ra t
e d e t e
r m i n a t i
o n
a s s u m e s
g
iven
i ncom e .
B
oth a re
th u s
i ncom p l
e te .
D o
y o u
agree '\vith t
h e a b o v e
a s s e
r t i o n ?
t-Io'v
\v ould
t h e n
th e
s e tw o
v a
r i ab l e s
Y a n d
r
b e d e t e rm
i n e d s im
ul t an e o u
s ly?
C
D T N J
F D A / 3 9
7/23/2019 IAS Mains Economics 2009
3/10
2 .
D em an
d
for
l igh
t bu lb
s c an be
charac
ter ise
d
b
y
Q
= 1 00 -
P,
w h
ere
is m i
llio ns o
f b o x es
o
f
li
g
h t s s
o ld a n
d is t h e
p rice
p e r
hox
T h e
re
a re tw
o p ro d
uce r s of
l ights hav in
g iden
tica l
c o s
t fu
nc t ion s
a
)
b)
c)
g u
e s s
e s
th
a t
C o u r n
o t
co n jec tu
ra l
a r ia t i
o n , so i t
p lays
S ta
c k e lbe rg
. W h a t
a
re
th e
e q u il ib
r i u m
v
a lues
o f Q
1
Q
2
a n d
P
W hat
a r e e a c
h f irm
s p ro fi ts
?
d)
If t h e
m a n
a g e rs o
f t \.vo
f i rm
s co l lude ,
\
vha
a re t h e
e q u i l
i b r i um v a
lues o f
Q
1
,
Q
a n d P W
h at a r e
e a c h
f i rm s p
rof i t s?
C D T N
J F D A /
39
4
60
7/23/2019 IAS Mains Economics 2009
4/10
3
.
A
n
s
w
e
r
t
h
e
f
o l
lo
w
in
g
1
n
n
o
t
m
o
re
2
' .v
o
rd
s
e
a c
h
:
th
a
n
2
0
x3
=
6
0
a
)
A
d
o
m
i
n
an
t
fi
rm
a
c
ts
a
s
a
pr
1
ce
le
a
d e
r
a n d
o th e r
f irm s
ad ju s t
th e i r
o u tp u t s
b
)
{c
)
ac
c
o
rd
in
g
ly
. ,
C
om
n
1
.e
n
'T
h
e d
i
re
c t
m
o
ne
y
b
u
r
d e
n
o
f
im
p
o
s
e
d
o
n
an
y
o
b
je
c
t
S
b
e
t\ .
ve
e
n
th
e
bu
y
e
rs
a
n
d
t
h
e
1n
th
e
p
ro
p
o r
t
io
n
o f
t
h e
e
l
s t
c
f
su
p
p
ly
o
f
th
e
o
b
je
c t
t
a x
e d
t
}
~
s t
i
i
t y
o f
d
e
m
an
d
f
o
r
i
t .
D
is
c
u :
.V
W
h
a t
is
S
c
i t
o v
g
~
f
l
o
x
?
H
o
w
fa
r
h
a
s
S
c i
to
v
s
n
su
c
ce
s
s f
u
l
in
r
em
ov
i
ng
c
t
d
1
ct
io
n
s
in
K
a
l
do
r -
4
.
I
f
e
xp
e
c
s
(r
eg
a
rd
i
ng
p
r i
c e
le
ve
l)
w
er
e
a
l w
a y
~
fu
ed
,
s
h
o
r t
- r
u
n
a
gg
r
eg
a
te
s
u p
p
ly
- ~
~
d
a
h
va
y
s
be
v
cr
ti
ca
l
.n
t
h
is
s
ta
te
m
e
n
t
o
f
N
e
w
E
c
o
n
om
i
c
s .
W
h
a
t
w
o
u
ld
b
e
th
e
.
~
~ p
e
o
f
t
h e
cu
r
v
e ,
i
f
ex
p
e
c t
a
t io
n
s
w
e
re
n
o
t
w
...
...
-
ea l ised ?
Wha t o th e r
a s sum p t io n
is
m ad e
by
e
v
C
la
ss
i
c a
l
E
c
o
no
m
i
s t
s
in
t
h i
s
c
o n
t
e x
t
a
n
d
w
h
a
t
is
i
t s
im
p
l i
c
a t
io
n
?
60
C
D
T
N
J
F
D
A
3
9
6
7/23/2019 IAS Mains Economics 2009
5/10
S
e c
t io
n
B
5
1
\
n s
ve
r
ny
th r
o
f th e
fo l
low
ing
.
E a
ch
a
n s v.
rer
s
ho
u l
d n
o t
ex
c
eed
2
\
vor
ds
20x3=60
a
}
If e
ac
h
co
un
t r:y
IS
en
do
w e
d
ce
r t
a in
fix
ed
co
1n
mo
dit
y c
om
b i
n a t
i
{b
c)
th
e d
if f
e re
nc
e s
in
d e
m a
n
d p
a t t
e
r
t
h e s e
co
un
tr i
e s
c a
n le
a
d t
o
~ l
l i i
~ ~
o
f i
n
t
e r
n a
t io
n
a l t r
ad
e .
E
xp
l
a
in
t
h i s s
t
a t
e m e
n t
\v
it . .
o
ffe
r
c
u r
ve s
o
f
t h e
tw
o
es
B
ri
n
g
ou
t
th e
d
ef i
n i t
ion
s
o f
de
fic
it
dif
fe
r e n t
au
th o
r i
c
xar
n1
ne t
h e
r
o l
a
n
In
th
e
i
ng
g
iv
en b
y
Ind
ia
a
n d
f
ina
n c i
n
g
a
s
n
e t
a
.
ry
co
n t
ro l
.
In
sub
s i
d ie
ta r i f fs
a g
r
e
o
do
m
e s t
ic d
is t
o r t io
n s
,
e f
irs
t b e
s t
po
lic ie
s
a
n d
s e cond
Do
y
ou
d
)
C
it
ic
ev
a lu
a te
K
u
zn
e t s
inv
e r
te
d U
-
cu r
v e
hy
po
th
e s
is
o
f i
n co
m
e
ib
u t i
on
D o
e s
it h o
ld
g
ood
for
le s
s
v
c lo
ped
co
un
t
r
ie s
a s
\
Vel
l?
yo
u
su
b s
c r i
b e
to
th e
v
iew
th
a t 1n
a
s
ma
ll
pe
n
econo1ny
\Vi
t h
pe rfec t
c a
p ita l
n1
obili
ty ,
e
x
p a
n s i
o n a r
y
f i
~ c a
l po
licy
is
in
e
ffec
tiv
e
u n
d e
r
fr ee
ly
f
lex i
b le
e
x c
h a
n g
e
r
a te
w
he
re
a s
e
xp
an s i
o n
a ry
I
non
e t a
iy
po
li
cy
w
ill i
n c
re
a s
e
t
h e n
a t i
o n
a l i
nco
1n e
? E
la
bo r
a
te
yo
u r
a n
sw
e r
u s in
g
s
u itab
le
d
iag
ra
n1
s
DT
N
J F
DA
/
3 9
6
0
7/23/2019 IAS Mains Economics 2009
6/10
7
.
E
xp
a
n
s i
o
n
o
f
h
i
gh
p r
o
d
uc
ti
v
i t
y
s
e
c t
o
r
a
b s
o r
b s
m
or
e
a
n
d
m
o
r e
l
a
bo
u
r
f
ro
m
s
u b
s
is
te
n
c
e
se
c
to
r i
nd
i
c
a
t i
ng
t
h
a t
d
u
a l
i
s
m
i s
a
p
o
~ v e
r
f u
l
t
oo
l
o
f d
ev
e
lo
p
m
e
n
t p
l
an
n
in
g
.
Critica lly
model o f
d
e
v
e l
op
m
e
n
t
in
a
n
d
8
.
A
ns
w
e
r
th
e
fo
ll
ow
i
n
g,
l
im
i
t i
ng
yo
u
r
a
b
ou
t
2
~ v
o r
d
s
f
o
r
ea
c
h :
t
o
2
0
x
3=
6
0
a
}
b)
c)
D
e
fi
ne
a
b
a
la
n
ce
of
p
a
ym
n
d
ex
p
la
in
t
h e
f
c
t
o ~
t
u
n
c
t i
o n
c
a
u s
e
a
s
h
if
t
tn
t
h
is
~
J x
p l
a
i n
th
e
W
h
a
t
HOI}?
~
n
D
ev
e
lo
p
m e
n
t
I
n
de
x
l im
i
ta t io n s
a s
a
m
ea
s
u
r
e
d
ev
e
lo
p
m
e n
t
a
n r
l
s
ug
g
e
s t
e
nt
{s
)
.
o f
e
C
D
T
N
J
F
D
A
/
3
9
1
0
7/23/2019 IAS Mains Economics 2009
7/10
. .
.
.
.. I
l N
.
E
X
A
t
,
,
)l
l
.
)
. t.
.- :,
..:'-
..
.
i Y
, J
...
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S
e
r
ia
l
N
o
.
_
_
8
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.
._---J
)
(c
-
D
T
N
-
J
-F
D
B
]
E
C
O
N
O
M
I
C
S
P
ap
e
r-
1
1
T
im
e
A
llo
w
e
d :
Th
r
ee
H
ou
r
s
J
IN
S
T
R
U
C
T
IO
N
S
Ea
c
h
q
ue
s
ti
on
is
p
r
in
te
d
bo
th
n
a
nd
in
E
n
gl
is
h
A
n
s
we
r
s
m
u
st
be
w
ri
tt
e
ed
i
um
s
p
ec
if
ie
d
in
t
he
A
dm
e
r
tif
ic
a
te
i
ss
u
ed
to
y
o
u
. w
h
s
t
b
e
st
a
te
d
c
le
a
rl
y
o
n
the
c
o
e
a
n
sw
e
r
-b
oo
k
in
t
he
s
p
ac
e
P.
. ~
fo
r
th
e
p
ur
p
os
e
No
marks
w
~
ven
for
theanswers
w
r
it
te
n
~
u m
o
t
he
r
t
ha
n
th
a
t
s
p e
i
f
i e
A
d
m
is
si
on
C
e
rt
if
ic
at
e
e3
ft8h
o
u /
d
a
tt
em
p
t
Q
u
es
ti
on
No
s
. 1
h
i
ch
ar
e
c
om
p
u
ls
or
y
an
d
a
n
y
e
o
th
e
r
em
a
i
ni
n
g
q
u
es
ti
o
ns
li
ng
a
t
l
ea
s
t o
ne
q
u
es
ti
on
f
ro
m
ea
c
h
...
...
ct
io
n
T
h
e
nu
m
_
be
r
o
m
a
rk
s
ca
rr
i
ed
b
y
ea
c
h
q
u
es
ti
o
n
is
in
di
c
at
ed
a
t
th
e
e
n
d
o
t
he
qu
e
st
io
n.
64
1..
.
~
q:
;r
fS
J
~ 4
F f
l
(
'
IF
f
-
w
ct
fil
oH
~
r {
(
W
I
T
~
I
I
7/23/2019 IAS Mains Economics 2009
8/10
S E C T I
O N A
1
. A
nswer any
TH REE
of
the
follow
ing que
stions
i
n about
2 .
3.
,200
words
eac
h
:
2
0x3=60
(a)
Discuss the pr
ocess
of'fo
rced
com
merciali
zatio
agricu
lture
under c
olonial ru le .
(b
) Explain
the ma
in aspects
o f the ro
le o f
t
Bank o I
ndia nnder
the p
resent i b e r a . k f ~ ~
~ ~
regime
as co
mpared
to the
r
egime
p ~ ~ -
(c) Critic
ally
examin
e the
argume
n ~ p u t for
ward
in
fa
vour
o
f
disinves
bnent o
(d)
4
The T
RIPSagree
ment
n ~ ~ r W l
t e r to the neol
iberal
argum
ent
in
f
avour
etition.
Is th
is
a
fair
asse
ssment D
is
~
.
.
of
la
nd
refo r
m in
India i
n
its
ging
out
inter
-s tate differences.
anous
a s p e
ow
u ~ I
W I
terpret th
is
record
?
60
~ yt ic
a l d
escriptio
n
o
grow
th and chang
e in
r ta
lal t
conom
y
during
the
period
from 1950-
51 to
60
l
y examin
e
and
analys
e the
argum
ent
th
at
ov
erthe
ast
two
decades there
is an
increasing divergencebetween
the inc
idence
o f pover
ty
b
ased on
the
Plan
ning
C
ommiss
ion
s
Expert
Co
mmittee
met
hodology
an
d
that
b
ased on
ca
lorie in
takes as
ob
tained
from
th
e Nation
al
SampleSurvey
s. 60
(C
ontd
.
7/23/2019 IAS Mains Economics 2009
9/10
SE
CT
ION
B
5 A
nsw
er an
y
TH
REE
of th
efol
lowin
g qu
e
s
t
ions
i
n a
bout
200
w
ord
s ea
ch
:
2
0x3=
60
(a)
(
b)
(c)
(
d)
uThes uccess
of
the
Green Revolution
shows the
im
porta
nce
of
th
e Stat
e in ag
rari
an
t r n
s o
C
onu
nent.
o
Criti
cally
as
sess
the
key rec
omm
e
o
ns
of
the
Twe
lfth
Fina
nce C
omm
iss io
n
6 .
Exa
min
e
4
md
usiv
e g
rowt
h,
spe
lling
o
ut
th
eirb
asicco
mpon
ents
as
yo
u
se
e them .
6
4
on
td .
7/23/2019 IAS Mains Economics 2009
10/10
8
What re
your p er
cep t ions on
the foll
owing?
Eachanswer
in abou
t 2 w
ords)
:
20
x 3
=
60
a)
The
slowin
g down
of indus t
r ial grow
th
in
Ind i
a f ro m
th
e
mid
1960s
t i l l th
e
m
id/late
1970s.
b
)
c)