UPSC Economics 2024

Answer the following questions in about 150 words each: (a) Differentiate between perceived demand curve and proportional demand curve in a monopolistic competitive market. Explai…

(a) Derive Pareto optimality conditions in production in a two commodities-two factors-two producers framework. Show that Pareto optimality does not necessarily guarantee for equi…

(a) Explain the concept of underemployment equilibrium with graphical illustration. Why full employment cannot be reached automatically in Keynes' approach? Analyse. (10+10=20 mar…

(a) Describe the mechanism of credit creation by commercial banks and its implications on multiplier effect. Analyse some of the limitations that can jeopardise the implications o…

Answer the following questions in about 150 words each: (a) Critically examine 'per capita' GDP as a crude indicator of development. (10 marks) (b) Explain managed floating and st…

(a) Discuss the elasticity approach and absorption approach for adjustments in balance of payments. (20 marks) (b) By using Stolper-Samuelson theorem, discuss the possible effects…

(a) Explain how the structural transformation, in the economy, takes place with surplus labour as per Lewis theory of economic development. (20 marks) (b) What are the advantages…

(a) Describe the major components used in Human Development Index (HDI) by the United Nations Development Programme (UNDP). Write down the methodological limitations of this index…

Answer the following questions in about 150 words each: (a) Mention the items of 'Economic Drain' from India as conceived by Dadabhai Naoroji. (10 marks) (b) Discuss why the railw…

(a) What schemes are launched by the Government to deal with the problem of unemployment in India ? Why the problem still persists ? (20 marks) (b) Why the Mahalanobis strategy of…

(a) Highlight the role of MSMEs in Indian Economy. What steps have been taken by the Government to enhance its contribution ? (20 marks) (b) Describe the trend in the growth rate…

(a) Discuss the changes made by the Government of India in the fiscal policy since liberalisation. How far these changes proved to be conducive to growth with social justice in th…

Answer the following questions in about 150 words each: (a) Examine the alternative model of planning given by C. N. Vakil. (10 marks) (b) Is service-led growth in India sustainab…

(a) Evaluate the policy of Government of India with regard to foreign investment in the country. Do you feel that there is a need for control of their activities ? (20 marks) (b)…

(a) Distinguish between fiscal federalism, fiscal consolidation and cooperative federalism. Comment on the outcome of cooperative federalism in India. (20 marks) (b) Whether the r…

(a) What are the main objectives of monetary policy adopted by the R.B.I. during last 5 years ? Discuss the steps taken by the R.B.I. to encourage investment and maintain price-st…