Previous Year Paper Solution | Indian Economic Service Exam - 2012 | Indian Economics

Section - I

1. Answer any eight parts of the following question. Answer to each part should be of about 50 words.

Marks: 5 × 8 = 40

(a) In quantitative terms, bring out how far the disinvestment policy has been successful in India?

(Comment for solution.)


(b) What policy instruments are used in fiscal reforms in India and for what effect?

(Comment for solution.)


(c) Highlight the nature of the land reforms still needed in the Indian economy.

(Comment for solution.)


(d) What are the governmentally run schemes for providing gainful employment in rural areas?

(Comment for solution.)


(e) What are the 'invisible items' in the balance of payments and why are they so called ?

(Comment for solution.)


(f) How are micro enterprises different from small scale industries ?

(Comment for solution.)


(g) How are non-banking financial institutions important in Indian economy ? Quantif.

(Comment for solution.)


(h) What problems are faced in the implementation of Urban Development strategies?

(Comment for solution.)


(i) How is the Consumer Price Index prepared in India?

(Comment for solution.)


Section - II

Answer any ten of the following questions. Each question should be answered in about 150 words.

Marks: 12 × 10 = 120

2. What are the measures adopted since 1991 for structural adjustment of the Indian economy ?

(Comment for solution.)


3. What are the changes which have been incorporated in the National Population Policy - 2000, to improve the quality of population ?

(Comment for solution.)


4. Discuss the role of share market in maximising resources for investment in Indian industry.

(Comment for solution.)


5. How is the global financial market impacting upon the Indian financial sector ?

(Comment for solution.)


6. Examine the causes of fiscal deficit in India and highlight feasible mitigation strategies.

(Comment for solution.)


7. What, in your view, are the causes for the continual fluctuations/fall in the value of the Indian Rupee in Dollar terms in recent times? Suggest possible mitigation strategies.

(Comment for solution.)


8. How is agricultural price policy determined in India ? Does the process take note of agricultural subsidies ?

(Comment for solution.)


9. How are foreign banks regulated in India ? Do you think such regulation is required in the Indian context ?

(Comment for solution.)


10. Critically assess the role of FDI in insurancee and pension funds.

(Comment for solution.)


11. In what way is the direction of India's foreign trade changing ? Is this also influencing the composition of trade?

(Comment for solution.)


12. Comment on the findinges of the latest report of the National Commission on Labour regarding informal sector employment.

(Comment for solution.)


Section - III

Answer any two of the following questions. in about 250 words each.

Marks: 20 × 2 = 40

13. What do you mean by vertical and horizontal inequalities ? How has the Thirteenth Finance Commission helped in meeting the fiscal needs of States in India to solve this problem ? Comment on the scheme of special grants-in-aid.

(Comment for solution.)


14. Explain the nature and process of public sector reforms in India. What additional measures are required ?

(Comment for solution.)


15. What were the components of teh 'New Agricultural Strategy' adopted in late sixties ? Narrate the positive and negative impacts of the Green Revolution. At present, what measures should be adopted to bring Second Green Revolution in Indian agriculture ?

(Comment for solution.)


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