UPSC Economics 2022

Answer the following questions in about 150 words each: (a) Explain briefly Chamberlin's concept of excess capacity in monopolistic competition. 10 (b) Discuss the concept of 'liq…

(a) Consider a duopoly market, P = 100 – 2Q, MC = 10 and Q = q₁ + q₂ where P : Market price Q : Total output or the sum total of both firms' output q₁ & q₂ : Firm 1 and Firm 2's o…

(a) IS curve is the locus of equilibrium points in the commodity market. What do the points above and below the IS curve signify ? (15 marks) (b) Compare the deposit multiplier wi…

(a) State the canons of taxation. Do you think that direct taxes are less burdensome than indirect taxes in generating equal amount of tax revenue ? Justify your answer. (20 marks…

Answer the following questions in about 150 words each: (a) Stating major assumptions in the Kaldor model of distribution, establish that share of profits in national income depen…

(a) What do you mean by the warranted rate of growth ? Explain the knife edge instability problem in Harrod's growth model. (15 marks) (b) Following Arthur Lewis, briefly state th…

(a) Examine whether in Ricardian model, the theory of comparative advantage actually becomes a doctrine of comparative costs. (15 marks) (b) Distinguish between nominal and effect…

(a) State the functions of United Nations Conference on Trade and Development (UNCTAD). Do you think that UNCTAD has been successful in extending economic cooperation among the de…

Answer the following questions in about 150 words each: (a) Outline the factors that caused decline of handicrafts during British rule in India. (10 marks) (b) Discuss the feature…

(a) Highlight the major features of National Income trend and its sectoral composition during the last five decades. (20 marks) (b) Describe in brief the factors that led to the e…

(a) Do you think that Multi Dimensional Poverty Index (MPI) is a better measure of poverty? Give reasons in support of your answer. What is the position of India in respect of MPI…

(a) Do you subscribe to the view that private sector is a key driver to economic development of India? Give reasons in support of your answer. (20 marks) (b) The economic growth h…

Answer the following questions in about 150 words each: (a) Do you think that Indian development planning is a transition from centralised planning to indicative planning and subs…

(a) What is the objective of exchange rate management? Do you think that the present regime of exchange rate management has been satisfactory in terms of building adequate foreign…

(a) Critically examine the various poverty alleviation programmes in India since 1970's. (20 marks) (b) Differentiate between Current Account convertibility and Capital Account co…

(a) What are the various methods of privatisation? Point out the methods adopted by the government for disinvestment in India. Comment on the proceeds from disinvestment in India.…