Previous Year Paper Solution | Indian Economic Service Exam - 2018 | Indian Economics

Section - A

1. Answer all six parts from this section. Answer to each should be in about 100 words:

Marks: 5 × 6 = 30

(a) What do you understand by tge Fiscal Responsiblity and Budget Management Act? Explain its importance in brief.

(Comment for solution.)


(b) Give a short account of the main components of Pradhan Mantri Krishi Sinchai Yojana.

(Comment for solution.)


(c) How can the disinvestment drive be invigorated in the Indian economy?

(Comment for solution.)


(d) What are the major social issues related to child labour in India?

(Comment for solution.)


(e) Describe the salient featurs of National Health Mission in India briefly.

(Comment for solution.)


(f) Describe in brief the composition of India's imports during the economic reforms era.

(Comment for solution.)


Section - B

Answer any six questions from this section. Answer to each should be in about 200 words:

Marks: 15 × 6 = 90

2. What in your opinion is the present outlook in respect of the industrial performance of the Indian economy for 2018-19? What are the favourable factors, risks and challenges in this regard?

(Comment for solution.)


3. Critically analyse the role of foreign capital in promoting investment in India.

(Comment for solution.)


4. The emerging trend in economic inequality in India does not augur well. Point out the main factors responsible for the trend and suggest appropriate measures to this effect.

(Comment for solution.)


5. What do you understand by diversification of agriculture in India ? Critically examine the role of agricultural price policy in this context.

(Comment for solution.)


6. Do you agree that the recent demonetisation in India has not yielded the desired outcomes in respect of curbing the menace of black money? Give reasons in support of your answer.

(Comment for solution.)


7. How are India's exports and imports likely to be affected by changes in the real exchange rate of the Indian economy?

(Comment for solution.)


8. Why has the Government of India considered teh introduction of the Goods and Services Tax (GST) to be a great leap forward in the context of the Indian economy?

(Comment for solution.)


9. Define informal sector employment. What type of vulnerabilities are faced by workers in the informal secotr in India? Point out the required policy measures to ameliorate the social and economic hardships of Indian informal sector workers.

(Comment for solution.)


10. Give a brief account of the composition of the Indian Capital Market and comment on the role of Securities and Exchange Board of India (SEBI) in this regard.

(Comment for solution.)


Section - C

Answer any four questions from this section. Answer to each should be in about 300 words:

Marks: 20 × 4 = 80

11. Evaluate the liberalisation strategy as adopted in India since 1991 to achieve high economic growth.

(Comment for solution.)


12. Analyse the evolution of deficits and debts in India since the 1980s. What type of measures would you suggest to achieve fiscal balance?

(Comment for solution.)


13. Do you subscribe to the view that development of economic and social infrastructure is central to any future strategy of poverty alleviation in India? Elaborate your answer.

(Comment for solution.)


14. The successs of realising the demographic dividend hinges upon the success of Skill India programme, which in turn depends upon the resources allocated to human capital formation - evaluate critically.

(Comment for solution.)


15. How has the rural-urban migration in India impacted the two sets of areas in social and economic terms ? What policy measures would you prescribe to negate the negative impacts of the said process of migration?

(Comment for solution.)


16. Distinguish between Wholesale Price Index (WPI) and Producer Price Index (PPI) and explain the way Headline Inflation is measured in India. Also explain the current approach of the Reserve Bank of India (RBI) in maintaining price stability and growth.

(Comment for solution.)


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