Section - A
1. Answer all the following parts in about 100 words each:
Marks: 5 × 6 = 30
(a) Explain the relevance of user cost in case of pricing of non-renewable resources.
(Comment for solution.)
(b) What is the basic difference between indicative planning and imperative planning?
(Comment for solution.)
(c) Define the concept of market concentration and give its two important measures.
(Comment for solution.)
(d) What are the components of revenue receipts of the Union Budget?
(Comment for solution.)
(e) What are the basic distinguishing features of public goods and private goods?
(Comment for solution.)
(f) Explain the concept of green accounting.
(Comment for solution.)
Section - B
Answer any six questions out of the following nine questions in about 200 words each:
Marks: 15 × 6 = 90
2. "When crowding out effect is very high, fiscal policy may not be effective in increasing the income, output and employment." Comment.
(Comment for solution.)
3. Bring out the relationship among the market structure, conduct and performance of firms.
(Comment for solution.)
4. Explain the causes and desirability of fast growth of public expenditure in developing economies like India.
(Comment for solution.)
5. Discuss the role of innovation as a path to competition and economic growth. How far can Atal Innovation Scheme serve this purpos in India?
(Comment for solution.)
6. Critically examine the use of shadow prices in planning as enunciated by Prof. H.B. Chenery.
(Comment for solution.)
7. State the different types of fishry growth functions. How do you derive sustainable yield function and measure maximum sustainable yield by using Schaefer model?
(Comment for solution.)
8. Explain the superiority of managed common property resources to open access resources.
(Comment for solution.)
9. What is meant by stakeholder approach to participatory development planning in rural areas? Explain the relevance of this sort of planning in Indian context.
(Comment for solution.)
10. What are the causes of market failure? Explain the relevance of Pigouvian tax in correcting the externalities in a market.
(Comment for solution.)
Section - C
Answer any four questions out of the following six questions in about 300 words each:
Marks: 20 × 4 = 80
11. Examine the outcome of the 21st Conference of Parties (COP 21) of UN Framework Convention on Climate Change held at Paris during November-December, 2015. Do you feel that the climate crisis is deepening after the Paris agreement? Give reasons.
(Comment for solution.)
12. A monopolistic manufacturer produces two different brands of a product whose demand functions are
and the joint cost function is
Find the profit maximising level of output and the price that would be charged for each brand. Also find the maximum profit.
(Comment for solution.)
13. Discuss the concepts of direct and indirect money burden and direct an infirect real burden of a tax. How is the tax shared between the producer and the consumer in case of usual shaped demand and supply curves?
(Comment for solution.)
14. Discuss the context and method of application of contingent valuation technique in case of environmental valuation. Bring out its importance.
(Comment for solution.)
15. What are the distinguishing features of an oligopoly market? Discuss the Stackelberg model and compare it to that of Cournot.
(Comment for solution.)
16. Examine the basic differences between the erstwhile Planning Commission and NITI Aayog. How far can the deficiency of the Planning Commission be corrected by NITI Aayog?
(Comment for solution.)
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