Paper 3 December 2006

7/23/2019 Paper 3 December 2006

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ECONOMICS

(

3 1 \ l f ~ l l t < l

PAPER III

~ W I l l

NOTE: This paper

is

of hvo 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.

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2



Note:

SECTION

I

__,

Ans"Wer

the

hve

queshons from

the

para

gtven

belmv

Each

ans"Wer

should

not exceed

3J

'WOrds

&ch queshon carnes hve marks

Sx5=25 marks

-;ft€r m

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-qfqm ~ ~ w 1

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~

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Sx5=25 :Wfi

"Econorrusts

have

often noted the

ohgopohst's

reluctance to

employpnce

cuthng as a

compeh

hve "Weapon

But th1s cannot

be

explatned

enhrely

s

a marufestahon

of

a des1re to

hve the qw te hfe, for evenh'hencompehhve a:hv1tydoes becomemorev1gorous,1t1s notonous

that th1s 1s vetyhkely

to take the

form of more adverhsmg

expend lure or the

mtroduchon of

n e v . ~ products

features,

some of

h'h1ch are somehmes cons1dered to be httle more than

fn11s

I t 'WOuld

appear

then that the large hrm's compehhve effort

has been channeled away from

pnce pohcy and mto adverhsmg.

serV ce

and product charactenshc mochhcahon"

- 1)3aumol)

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-"""'

1. VVhy

ohgopolyhrms

avmd

pnce compehhon 7

D 0106

P.T.O.



2. Is

non pnce

compehhon relevant under

perfect

compehhon 7

'[ 1

llfir?:l lf i f ~ i h : ~

qJB fil li t?

3 Wh ch

model

of

ohgopolyhas

been

gtven byBaumol 7

<fii iK;r

-2[

~ ' ' ' i R li1

B1

f< :<u

t?

D 0106



4

VI hat

hnd of

compehhon ssumes s1gmhcance

m n

ohgopohshc m rket 7

~ T ' ' i l f t < l'i"I"R

i lil1 "ll"' i"R

' l t ~ L [ U j tl "'"fii't t

5

Are ohgopohshc

m rkets

more stable th n trachhonal

m rkets

7

~ T ' ' i l f t 'Thi"lR qi{o;qft li ~ B : > r f f ' ' i ~ ' t ?

D 0106

P T O



SECTION-

~ I I

Note: The part has hfteen (15)

dehmhonal

queshons of

(5)

marks each to be

ans Wered m

upto (30)

WOrds

5x15=75

marks

W:

B J f f i : i f ~ ~ (15) 1l'Ff fl

~ 1 l ' F f ~ - , f f q

5)

:W i"%'1 ~ ' l i l

~ 3 J ) ~ i f ~ l

6

ehne

cross elruhctly of demand

lifrT ~ q f ~ < i l i 1 'li't '1ftl:rrqj if

D-0106

5x15=75

:Wfi



7 Dehne demand for money as

explamed

y Keynes

m 4 1 ~ 1 f 4 ~ ¥ I ~ ~ lii>T 'li 't 'lftlnqj

if

I

8 VI/hat

s

an

a celerator

7

D 0106

'

P T O



9 Dehne

VIC ous

e1rcle

of poverty

10

Dehne

MarX an

concept

of "Surplus Value""

< 1 f ~ I ' W ' P f ' l i ' l ' 1 1 ' < 4 9 1 ~ l

: > R " ' W ' l " ' l i " ' t ~ i f l

D 0106



11 VI/halls meantbyF scal dehC l 7

12

Idenhfy

the tnajOr sources

o

revenue

o

State Governments m Incha

ffii l i Pt m 1?ITi

D 0106

P T O



13. hat

1s high

powered

money

7

F R ~ ~ t ?

14

D1shngt ush

between

tanff

and

non tanff

barners

~ ( O f i " ' J R - ~

~ < f t q

9i fl

D 0106



15 VI hat are the components

o

bro d

money

7

~ ' ¥ 1 ~ ~ ~ 1 ?

16

State the

m m

funchons

o

NABARD

D 0106

P T O



17

VI halls meantbymdustnal s1ckness 7

di (41fil li <ftqjft

li1 : > ~ o f ~

t?

18

VVhatare the funchons of

SE I

7

S E B I ~ l i l f ~ t ?

D 0106



19 D1shngt.ush between concepts

of absolute and

relahve poverty

TTf ft 'li 't ~

\lO T B i ' r ~

:>R"'W'l :ffi <fi q i<v

9i f

I

20 Dehne

Rank -

orrelahon

D 0106

P T O



Note:

SECTION I I I

~ I I I

The

part

has hve short-essay

type

queshons of (12) marks

each to be

ans"Wered m

up

to (200)

'WOrds

The

can

chelate

rrayselect

one elechve

and ans Wer

all

hve (5) queshons

12x5=60 marks

W:

BJ"ffi:ii-,ffq (5) < ' f ' i J ~ W R t l ~ W R ~

(12)

m t1

WR ' l i l ~ < ' I ' T ' l ' T < f n l ' l ~ i f ~ 1 l f r ~ o f f ~ ~

l @ h - ~ 9

i B -,ffq

m ' l i l ~ i f 1

12x5=60

:Wfi

Elec:tive -

I

21.

Explam the problem

of

Mulhcolhnear1

y

m a

mulhple regresswn model

O scuss the

two methods of detechng

the ex1stence

of

mul hcollmear1ty

9'i_\W'h

q d h < I < = H ~ i f ~ f i l l ' l i ' l m ' l i ' t ~ 9 i ' f l

~ f i l l ' l i ' l ~ ' l i ' t ~

~ <ft

"N'if

'li't ~ 9i'f I

22. Explam

the

assumphons

and

properhes

of Ordmcuy Least

Square

State the

_,

s1gruhcance of R m

tl-us

regard

'' <11fMJJ ? . ' I W : ~ ' ' 'li't ' 1 1 1 ~ 1 ~ 1 ~ ~ ' l i ' t ~ 9i'fl

B J ~ i f

~ ''

23.

VI/hat are

DummyVanables

7 Explam the uses

of dummyvar1ables

to

capture

a

change

m

mtercept

or "slope

coefhc1enf m

a

regresswn model

wft t? ~ q d h < l ' l ~ ~ i f

{ ~ 4 1 « : > :

:wA1 W1R 'I"f' 'if qft9r1 1 'lil ifwft --qij

~ 'li't 9i'f I

24. Explam

a

D1stnbuted

Lag Model O scuss the Koyck Lag Model State the varwus

assumph ons on v..tuch 1 1s

based

Inchcate 1

s

hrru tahons for prechchons

f - M ' . ; l i 1 2 : : 5 # t r r ~ ' l i ' t ~ 9i'fl ~ # t r r ~ 'li't ~ 9 i ' f l ~ f o R : > 1 9 ~ ' 1 1 : :mmJtl

t ~ 9i'f<l0fl ~ i f Bf li t ~ ~

D 0106



25 "Vector autoregress1ve-movmgaverage processes form useful tools to

descnbe

dynarruc

relahonsh1ps between Econom1c Vanables Elaborate the statement through

an

dlustrahve example of your chmce

..

:mr*'>

oqij

~

li 'f

' I < ' ' * ' ~ '

~

"'lil

< flF'r

~

mii

11ii"1B9

p

$

qfso

11

~

io/ f''.

: w R ' t ~ ~ J ~ I W I & r : J B J ~ ' l i ' / ~ i \ ~ 1

OR mrcrT

Elective II

fEiifil G

II

21

Use S=unuelson"s

Revealed

Preference The

my

to

prove

the bemc propos1hon

of

the

Law

of Demand

~ ~

~ & m J ' ( i l l f ~ ~

'hl"J'T'i'rT ~ - , : : j N

~ f . r ' l q ~ " f ~ 4 1 ~ " 1

lR\lR "'li'/

W ' l l f U I ~

"''

22 Explam S-weezy model of ohgopoly Does 1tprov1de sahsfa:totysoluhon to the problem

of

pnce deterrrunahon 7

~ ' ' ' i R ~ 'li't 'li'fl ~ I ] ~

f. "lkul

'li't m 'lil +fdl40H'li

"Wil"'TR

"ll1Wl

'li1SI1

t?

23. Descnbe the matn

features

of the neo-dass1cal growth model (Sol ow-Swan) and

comment

on the nature and extent of Solow"s Res1duals

"'19 ~ l l ' d 1 4

~ ( BK.11

"+98)

~

"ll"'"R ' l il9 R 9i'f

(M1

~ 'li't "ll"']ifil

~ 6i1R BuTuft if

24 Explatn the deterrrunahon of rate of mterest and output m the

IS

and LM framework

VI/hat factors mduce sh fts m LM curve 7

:mt-ll:+

<M1l1Sf

ll:+

~ ~ i f ~ ~ \ l o r r ~ R l k u l 'li't 'li'f1

~

"'li"R'li" llSfll:+

9Sii" - , ~ ; ' n · • H ~ i & t 1 'h1i'r t?

25

State and

Explatn

the Dual1ly Theorem

OR mrcrT

D 0106

P T O



Elective

21 Explam the 1mpact of VI/I'O on the exports potenhal of texhles after the phrumg out of

MCA

l l i ll:'l' ll: mt lfft"BliiB

'li't <:i'l.'l9'lll:J1:W'.'k it.

:m

11' 19 'li't

''

22

VI/hat are the ma1or features

of

current'I'Javes

of

global1sahon 7 D1scuss

1ls 1mpa:t

on

mternahonal debt burden

23.

Explam the reasons for the collapse

of

the Bretton

Woods

System

24

Explam the concepts of "Arb lrage"" and "Market

Hedgmg""

D1scuss the

role

of

Arb1trage m a fore1gn exchange

market

d ~ { q U ( Of '1l'i1Rtm 'li't :>f9"1T{Ull 'li't "'li'fl f 9 f ~ ' l 4 < l'i11{ q

: j ~ { q U H

'li't

'li't 'li'f I

25 D lferenhate between

GATT

and

'WTO VVhat are TRIPS

and

TRIMS

under

'WTO

agreements

7

OR mrcrT

D 0106



lective- V

21 Comment

on produchV ly

trend of non food

crops m Jncha smce the decade

of

1S60s

and

brmg

out

1ls

1mphcahons for rural mcome generahon

ff i i l

if

1930

~ i l @ < ; : : 4 ~ ~

'li't

J i l l ~ l i ~ l

'li't

qqhn1l:J"{B:quft "'li'i<M11Jfli'tul m 'li'l

Tc Fl

"'liB 'li't RwJ if

Bf'li't ~ <

'lil 9i'i

I

22

Idenhfy

the

YlaJOr

dracvba:ks m the

recent pubhc chstnbuhon

system

m

Inch

a

23.

VI/hat are the ma1or

sources of Inshtuhonal

hnance for Inchan

agnculture

7

24

Explam the trends m rrugrahon

of labour from

rural to

urban areas Hmv

can

th1s

trend

be

arrested

m Incha 7

1Jfli'tuJ

~

i

m f ~

~ i f

'lil' l' 11i1 'li't qqhn1

'li't 9i'i

1

J

'li'l ff i i l

if

%i\

1'i'li1

"11 "B"' i"il1 t?

25 Assess the

econom1c

and soc1al1mpact

of

uneven

progress

ach1eved m

Land

rechstr1buhon m Incha

OR mrcrT

D 0106

P T O



Elective V

21. VI/hat

iS

Fiscal

Consohdahon

7 Explam the recent steps v..tuch have been taken

by

the

Government

of

Incha m

tl-us

chrechon

22. Cn

hcally exarrune the

impa:t of VI/I O

on the In chan agncul lure "\OJ th special reference

to

marketa:cess

23.

Discuss the role

of

state m relahon to econorruc grmvth since

19'11

24

Exarrune the

mterrelahonship between

econorruc

development and

environmental

quahty

25.

VVhat are the

YlaJOr

issues m the

debate on

the

mcidence of

poverty m the

post-

reform

penod

m Incha 7

D 0106



Note:

SECTION- IV

,._,v

11-us

part

has

one

queshon

of

(40)

marks

to be

answered

m

up

o 1000

~ ' " '

40x1=40

marks

w: B m ~ 1l'Ff (

40)

:Wli'l

"'li1 t l <'fll'll1T

(lCOJ) ~ i f ~ l

40x1=40 :Wfi

26. Cn

hcally exarrune the -welfare en tenon

propounded

by H1cks

and

Kaldor

OR/:mrcrf

D1scuss hmvm recent hmes technological changes

have

affected the pattern

of

resource

use

and

produchV

ty

m

In

chan

agnculture

'ffi<i'rt

"')if'

if W T'i'i

~

M1 Ji' lWMI

~

llfifl:lR 'li'l lfliilfil 'hl'l

qft9r111

-2[ W'f if t i l

" l l ~ t l i < r r t ? 'h'fl

OR/:mrcrf

VVhat1s ""Federalism" 7

Make

out

a case for coorchnahon

betweenPlannmgComrrusswn

and Fmance Comrrusswn m the matter

of

devoluhon

of hnances

from Centre to the

States

· ~ t? B 1FT'il ' i l ~ - 1 T R " l " F i f

~ ~ ~ i f

if;ior;rr :m'l'rr<lorr :m<i'rT

~

<ft'q B ' l ' 9 4 ~ %g u 'li'fl

D-0106



D 0106

Total Marks Obtatned

m

WOrds)

(m hgures)

S1gnature Name

o

the Coordinator

Evaluahon)

Date

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Paper 3 December 2006

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