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7/23/2019 Paper 3 December 2006
http://slidepdf.com/reader/full/paper-3-december-2006 1/19
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.
w : ~ m ; . ;
-q;r
w 20QI
Wfi f fiT
t-g;cr
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.,..q t=rzyff t % 1
D 0 1 0 6
2
7/23/2019 Paper 3 December 2006
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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
T'1:
-'1Rrrrr:r;
~ :m TR cvm TT'1:
-qfqm ~ ~ w 1
~
C3Jl
~
<l'li "tRJ I 1l'R
-qfq
:W i'l 'li1
%'1
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)
i f "'liM
'lil
" l l f i r ? : l ~ ~ O f ' R
~ 1i l
if :wRF'r
~ 1lfil
: m _ ; q j f ~
"'li't
:31 f ~ i i 0 1
"'li'l
: > r # ~ i l f 0 1 4 T - 2 r < p 1 1 i R : t l i < r r t l ~ ~ i f ~ Y ' l ~ f < K r r ' r
" ' l i ' t ~ " ' l i ' t
: > i f ~ ~ 1 i l i f t l
L[Uf<i;(jol
'ltf
"'li't "11
~ fi' ' " l l f i r ? : j ~ ~ T
:>if"'" i"
'FR' tl
lPt
" i l l ~
" ' § ~ T i l t f"'li" ~ f < ' k l l q ~ "'R
' l
Tf'lr<ff ~ -;p't 'I"ly :>it\ < ' f ~ f f
<'
~ ' i h r r r : i f "' i") q f ~
"'lilf'r
-
"B
p
1Jufl'
"'li'l
B"119cl
"4'1
~ -
' 'YI'
<'
<=if"T''i"
'ltf
l iRl
"11
'1'li"ill -
CR 04'
"'lil1i"l
<'t
"fui't
t
I
Bffi
1Tiful"tllll
tl i
'-vi' ' " l l f i r ? : l ~ 11'00 ~ - - ; f t f u
<'
< p : ~
TT'1: <M1
~ i\91
l1:'i ~ m ~
-mil"R "'li't
~ <=if"'"'i" ~ fl
-"""'
1. VVhy
ohgopolyhrms
avmd
pnce compehhon 7
D 0106
P.T.O.
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
7/23/2019 Paper 3 December 2006
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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
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D 0106
Total Marks Obtatned
m
WOrds)
(m hgures)
S1gnature Name
o
the Coordinator
Evaluahon)
Date