W.B.C.S Main 2001 Optional Question Paper Economics.

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W.B.C.S Main 2001 Optional Question Paper Economics paper 1

Unit-1.Continue Reading W.B.C.S Main 2001 Optional Question Paper Economics.

1.  Draw the price offer curve and demand curve for normal goods. Show the differences of these when the goods

(a) is perfect substitute, and

(b) is perfect complement.

2.  In two asset model what happens to the individual’s budget constraint it the return on the risk-free asset goes up but that on the risky asset does not ?  What happens if the return on the risky asset goes up but that on the risk-free asset does not ?

3.  What are the different types of price discrimination followed by a monopolist ?  What are the conditions that facilitate price discrimination ?  How does a discriminating monopolist maximize profit ?

4.  Using dominant firm model to analyse the operation of cartels

(a)  how would you measure the monopoly power of cartel ?

(b)  Show why the elasticity of demand for a commodity and cost differentials between cartel members and other producers are important to the oepration of a cartel.

Unit-2

5.  How does the supply adjustment take place in the classical model ?  What is the Keynesian alternative to that process ?

6.  Explain the concept of natural rate of unemployment. What are the implications of that theory for effective stabilization policy ?

7.  In what respect does a quantity theorist differ from a Keynesian ?  what is the policy implification of that ?

8.  Define high-powered money.  How does budgetory deficit effect money supply ?  How can budgetary deficit be financed ?

Unit – 3

9.  Analyse the effect of full capital account convertibility on the domestic economy of India under flexible exchange rate,

10.  What are the main assumptions of Hukscher-Ohlin model of international trade ?  In what respect is it an improvement over Ricardian theory of comparative advantages ?

11.  What is meant by Human Resource Development (HRD) ?  Explain the main components of HRD programme essential for development in a less developed economy.

12. What is meant by warranted rate of growth ?  Explain the conflict between the warranted rate of growth and the natural rate of growth.

W.B.C.S Main 2001 Optional Question Paper Economics paper 2

Group – A

(Answer any three questions.)

1.  The economic history of India under Brish rule is a history of arrested economic growth  -Elucidate this argument in terms of the foreign ruler’s imperial policy affecting adversely the industrial and agricultural growth in India.     20

2.  Critically examine the policy of free trade imposed on India in the later of the nineteenth centurv.  Why was this policv later abondoned ?      12 + 8.

3.  Analyse the main features of Railway Construction Policy in India.   Explain why the dynamic stemulus generated by it failed to bring about important economic transition in our country.     12 + 8

4.  Discuss the factors responsible for growth and stagnation of Indian industries in the post independence period.     12 + 8

5.  Account for the unsatisfactory performance of the public sector in India.  Do you think that the different measures adopted under the new Economic Policy will be adequate to improve its functioning ?    Give reasons for your answer.     10+10

Group – B

Answer any two questions.

6.  Discuss the nature of entrepreneurship involved in the development of modern industries in India during British rule.     20

7.  Enumerate the facrors which have brought about significant success in the agricultural sector of Independent India.

What form of agriculture organization  – whether small peasant family farm of large capitalist form of wage-employment system may be considered to be the optimal one-taking into consideration the high growth rate of population and the increasing demand for food created by them.       8+12

8.  Discuss the causes of India’s balance of payment problem on the eve of the initiation of the new economic reform measures in 1991.

Examine the impact of the Government’s policy of the recent years on its balance of payment.    10+10

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