f G. S. (Main) Exam : 2011
EX C-DTN-L-FDA
ECONOMICS
. Paper |
ime Allowed : Three Hours Maximum Marks : 300
- INSTRUCTIONS
Each question is printed both in Hindi and
in English.
Answers must be written in the medium
specified in the Admission Certificate issued
to you, which must be stated clearly on the
cover of the answer-book in. the space
provided for the purpose. No marks will be
Biven for the answers written in a medium
other than that specified in the Admission
Certificate,
Candidates should attempt Questions no. 1
and 5 which are compulsory, and-any three
of the remaining questions selecting at least
one question from each Section.
The number of marks ‘carried by each
question is indicated at the end of the
question.
Graphs/ illustrations, wherever. _ required,
may be done in the answer-book itself,
carr & : seater or Reed omar ge merua & Red me 7
~, woe} . SECTION A
1, Answer the following in not more than 200 words
each : 20x3=60
(a)
(b)
(©)
2. (a)
(b)
{c)
Elucidate how does Kalecki’s theory of distribution
share the value of output between labour and
capital.
The marginal efficiency of capital together with the
current rate of interest determine the profitability
of an investment project. How does it help in the
selection of an investment project ?
1s Friedman's quantity theory of money close to
Classical or Keynesian approach to the aggregate
demand for’ money ? Give justifications for your
arguments.
The ‘non-rival nature’ of social goods consumption
has important bearing on efficient resource
allocation. Explore the problem with the examples
and diagrams. 20
How does the burden of tax distribution between
buyers and sellers in the ratio of elasticity of
demand and that of supply take place ? 20
‘Monetarists are of the view that only money does
and Keynesians believe that money does not
matter.’ What is your reasoning of the extreme
views held by the monetarists and the
Keynesians ? 20
C-DTN-L-FDA 2 [Contd.1 as &
1 Frefefiac & sae wife, st sete 200 wradl & fire
3 ae ae aie 20%3=60
@) fan & ger aie fH ada Ft he @
Peete) srr sik fst & she fia Comsege) % gee
ST fea wan o otatrater act }
(8) Sh at anit ewer, ear stag a & ane fire
a, fret ot fee ose st arate a
Frofer oat @ 1 ae ary fee aoa & ae
H fsa war 8 were eet a >
(71) oT IST St seas at ur frit xe & fre
apf ain & Reema a atvet sum & fae
€ 2 ant vat wer F aie te ae |
2. () Sense aeqoit at ae ai ‘oeafiddt wg a
ca Somer Pere & eer mere wera 2 |
Saree oi Rafat at eran 8, ea aaen a
ahs afer | 20
Ca) Fonsi sit RAMeHt % ie ae andes ar ate
fee war sin at che alte gf at % orga
H ire 2 20
(a) Sarofedt & fra 4 Sac py ar dae dar
€ att ead sr fear @ fs apr at meee
wien 3 ? 20
C-DTN-L-FDA 3 [Contd.} 3. (a)
(b)
©
4. {a)
(b)
(c}
C-DTN-L-FDA . 4 . [Contd.]
What is the difference between horizontal equity
and. vertical equity while, considering ability to
pay ? How should the problem be resolved ?
Illustrate graphically. «
What is liquidity trap! ? How does it occur ?
Illustrate. .
Would the introduction of automatic teller
machines, which allows people to withdraw cash
from banks as needed, make deposits’ more
inconvenient and affect the money supply ?
Elucidate. . :
How do the small trading.nations share the gains
from trade which occur, as'a consequence of gains
from exchange and gains from specialisation ? . ..
If all assumptions hold true, how does trade
20
20
20
“20
between nations.tend to bring about equalisation,
of factor prices ?
How does portfolio balance approach differ from
monetary approach in determining the exchange
rate ?
20
-20 . (3) Serr ara a frre at wrt afi: gen
ait Seater aren & dha sar sige Baro 2 xq
SRT Sr fee ver aE fra wise 2
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