Previous Year Paper Solution | Indian Economic Service Exam 2021 | 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) Briefly account for the slow rates of capital formation in the Indian economy during the last decade.

(Comment for solution.)


(b) Do you you agree with the view that child labour in India is a socio-economic problem?

(Comment for solution.)


(c) Comment on the latest measure of poverty in Indian context.

(Comment for solution.)


(d) Make an impact assessment of Pradhan Mantri Gram Sadak Yojana.

(Comment for solution.)


(e) Do you think that 'Back to Village' policy planning by the Central Government will reduce pressure on urban amenities?

(Comment for solution.)


(f) Do you think that the current exchange rate policy is appropriate for a sustainable balance of trade?

(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. Explain the coexistence of rising economic inequalit and falling poverty in India. Do you think that there is necessarily a trade-off between the two over time? Explain your answer.

(Comment for solution.)


3. "In the village itself, no form of credit organisation will be suitable except the Co-operative Society. Cooperation has failed, but cooperation must succed." How much do you agree with the view?

(Comment for solution.)


4. 'Smart City Mission' is in contrast to 'Back to Village' mission. Do you agree with this view-point?

(Comment for solution.)


5. Delineate the major challenges in eliminating unemployment and growth retrogress in the Indian economy of recent of recent times. Make brief policy suggestions to meet them.

(Comment for solution.)


6. How has the situation of India's informal sector workers changed in the recent times? Suggest policy interventions for improving the socio-economic conditions of these workers.

(Comment for solution.)


7. Examine the pattern of India's foreign trade in recent times. Can self-reliance-oriented policy of trade serve as an engine of economic development?

(Comment for solution.)


8. Do you think that for a country like India with lot of diversification, the federal system is a better system as far as financial aspect is concerned? Substantiate your answer.

(Comment for solution.)


9. Do you agree that there has been huge misuse of bank funds in recent years? What in your opinion are the factors responsible for bank irregularities in this context?

(Comment for solution.)


10. What are the features and defects of Indian money market? How far have the reforms of Indian money market brought improvements in its working since 1991?

(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 post-1991 globalisation policy of fiscal reforms, financial sector reforms and trade reforms in a row.

(Comment for solution.)


12. Examine the recent controversy regarding changes in the tax structure on goods and services. Do you think that the new structure is a better one in the current context? Elaborate your answer.

(Comment for solution.)


13. What have been the causes for rise in prices in India during the eighties and nineties? Also comment on the recent rise in inflationary pressures in terms of cost-push factors and demand-pull factors.

(Comment for solution.)


14. How will you account for the industrial performance scenario of the Indian economy in 2020 - 21 ? Comment on the most adverse factor in your opinion in this respect.

(Comment for solution.)


15. Subsidies are a source of infficiency and corruption. They should be rationalized and ultimately phased out. Do you agree with this view ? Substantiate your answer in the context of Indian agriculture.

(Comment for solution.)


16. "WPI is in no way an indicator of consumer inflation; at best it is a determinant for pricing power of domestic manufacturers." Discuss. What are the advantages of CPI over WPI?

(Comment for solution.)


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