CS(M4) EXAM2012

Serial No.

FDTNMFDPB
ECONOMICS
PaperII
Maximum Marks 300

(Time Allowed Three flours

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 given for the answers
written in a medium other than that specified in the Admission
Certificate.
Candidates should attempt Question Nos. 1 and S 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.
Important : Whenever a Question is being attempted, all
its parts/sub-parts must be attempted contiguously. This
means that before moving on to the next Question to be
attempted, candidates must finish attempting all parts/
sub-parts of the previous Question attempted. This is to
be strictly followed.
Pages left blank in the answer-book are to be clearly struck
out in ink. Any answers that follow pages left blank may
not he given credit.
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SECTIONA
1. Attempt the following in not more than 150 words
each :

12x5=60

(a) Discuss in detail the views of VKRV Rao on

deficit financing.
(b) During the British rule, commercialisation of
agriculture was forced on the farmers, while now
it is the need of the hour. Discuss.
(c)

What do you mean by the 'Hindu rate of growth' ?

Why has it been argued that poverty can not be
eradicated under the Hindu rate of growth ?

(d) Trace the growth of real per capita income in

India in the pre-liberalisation period, keeping in
view the interplay of increasing population and
increasing real national income.
(e)

Explain why in spite of economic planning incomedistribution has turned more unequal through time.

2. Attempt the following in not more than 250 words

each :

20x3=60

(a) 'Population is not just a denominator to deflate

aggregates. It is determined by the level and pattern
of economic development.' Comment.
2

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(b) Distinguish between cooperative, contractual and

corporate farming. Which of these is best suited
for India and why ?
(c)

Delineate the trends in the growth and industrial

composition of public sector in India during the
pre-liberalisation period.

3. Attempt the following in not more than 250 words

each :

20x3=60

(a) Compare the strategies of trickle down growth

with inclusive growth. Why should the strategy
of inclusive growth be preferred ?
(b) How was the Jute industry affected after partition ?
What remedial measures were taken to arrest its
decline ?
(c)

Discuss the various measures of poverty with policy

implications for removal of poverty.

4. Attempt the following in not more than 300 words

each :

30x2=60

(a) A number of production lines were reserved for

the small scale sector in the pre-liberalisation
period. Did such reservation achieve its objectives ?
Explain in detail.
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(b) What are the factors which determine the size

and composition of national income ? In this
respect contrast the scenarios between pre and
post liberalisation periods.
SECTIONB
5. Attempt the following in not more than 150 words
I2x5=60

each :

(a) Characterise the inflationary process in the last

three years. What steps were taken by the RBI
and the Government to control it ?
(b) Explain why in spite of poverty alleviation schemes
number of the poor has not fallen very much.
(c) Discuss the factors responsible for slow growth
in agriculture in recent years. What steps ought
to be taken for sustained growth in this sector ?
(d) Can disinvestment in public sector units be a
sustainable alternative for raising resources for
government expenditure ?
(e) Would a flexible exchange rate regime serve India
better than a fixed exchange rate regime in the
current international scenario '?

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each :--

30x2=60

(a) Discuss the salient features of TRIPS and Indian

position on (i) geographical indications and
(ii) plant breeders' rights.
(b) Why is capital inflow through multinational
corporations preferred over foreign debt ?
7. Attempt the following in not more than 250 words
each :

20x3=60

(a) Discuss the major recommendations of the

Thirteenth Finance Commission with regard
to augmentation of resources of local governments.
(b) Distinguish between fiscal federalism and political
federalism. How has fiscal federalism been
evolving in relation to special category States in
particular and other States in general ?
(c) How is GST different from VAT ? What is the
grand bargain suggested by the Thirteenth
Finance Commission for implementation of
GST ?

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30x2=60

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(a) Examine the new EXIM policy. Given the tough

competition in international trade, what corrective
measures would you suggest to make it more
successful in boosting Indian exports ?
(h) Explain the salient features of the Fiscal
Responsibility Act. Explain to what extent has
the Government of India been able to adhere to
the provisions of this Act 7

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FDTNMFDPB

Serial No.

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Note : English version of the Instructions is printed on

the front cover of this question paper

12