UPSC Civil Services Main 2024 Economics Paper I PDF

Central Government Jobs Administrative / Civil Services 2024

  • Year 2024
  • Conducted By UPSC
  • Questions 8
  • Maximum Marks 250
  • Duration Three Hours
  • Languages Hindi & English

Exam Details

Detail Information
Examination Civil Services (Main) Examination
Year 2024
Conducting Body UPSC
Paper Economics Paper - I
Subject Economics
Duration Three Hours
Maximum Marks 250
Number of Questions 8
Question Type Descriptive / Subjective

This is the official question paper for the UPSC Civil Services (Main) Examination 2024, Economics Paper-I. The paper is designed to assess candidates' in-depth knowledge of economic principles and their application. It consists of eight descriptive questions divided into two sections, with candidates required to answer five questions in total, including compulsory questions 1 and 5. The exam is conducted over three hours and carries a maximum of 250 marks. This paper is crucial for aspirants aiming for administrative roles in the Indian government, providing a clear understanding of the expected depth and breadth of economic knowledge.

Major Topics Covered

  • Monopolistic Competition
  • Demand Curve
  • Proportional Demand Curve
  • Classical Dichotomy
  • Sales Tax
  • Ad Valorem Tax
  • Specific Sales Tax
  • Money Supply Control
  • Treasury Bills
  • Neoclassical Loanable Funds Theory
  • Interest Theory
  • Pareto Optimality
  • Equity
  • Market Stability
  • Marshallian Approach
  • Walrasian Approach
  • Short-run Equilibrium
  • Long-run Equilibrium

Why This Paper is Important

  • Useful for Civil Services (Main) Examination preparation
  • Helps understand the latest exam pattern
  • Useful for practice and self-assessment
  • Covers frequently asked General Studies topics
  • Helpful for analysing question trends

Related Resources

  • UPSC Civil Services Main 2023 Economics Paper I
  • UPSC Civil Services Main 2024 Economics Paper II
  • UPSC Economics Optional Previous Year Papers
  • UPSC Civil Services Main 2024 Economics Paper I Answer Key
  • UPSC Civil Services Main Economics Syllabus
  • UPSC Civil Services Main Exam Pattern
  • UPSC Civil Services (Main) Examination
  • UPSC Civil Services (Preliminary) Examination

Instructions

  • There are EIGHT questions divided in two Sections and printed both in HINDI and in ENGLISH.
  • Candidate has to attempt FIVE questions in all.
  • Question Nos. 1 and 5 are compulsory and out of the remaining, THREE are to be attempted choosing at least ONE question from each Section.
  • The number of marks carried by a question/part is indicated against it.
  • Answers must be written in the medium authorized in the Admission Certificate which must be stated clearly on the cover of this Question-cum-Answer (QCA) Booklet in the space provided.
  • No marks will be given for answers written in a medium other than the authorized one.
  • Word limit in questions, wherever specified, should be adhered to.
  • Graphs/Illustrations, wherever required, may be drawn/given in the space provided for answering the question itself.
  • Attempts of questions shall be counted in sequential order.
  • Unless struck off, attempt of a question shall be counted even if attempted partly.
  • Any page or portion of the page left blank in the Question-cum-Answer Booklet must be clearly struck off.

Questions (page 2)

Section A

Q1. निम्नलिखित प्रत्येक प्रश्न का उत्तर लगभग 150 शब्दों में दीजिए: Answer the following questions in about 150 words each :

(a) एक एकाधिकारात्मक प्रतियोगी बाज़ार में अनुभव किए गए माँग वक्र तथा आनुपातिक माँग वक्र में भेद कीजिए। समझाइए कि अनुभव किए गए माँग वक्र की तुलना में आनुपातिक माँग वक्र क्यों तीव्र ढलान वाला होता है। Differentiate between perceived demand curve and proportional demand curve in a monopolistic competitive market. Explain why the proportional demand curve is steeper than the perceived demand curve.

(b) प्रतिष्ठित विरोधाभास की घटना की आलोचनात्मक विवेचना कीजिए। Discuss critically the phenomenon of classical dichotomy.

(c) सिद्ध कीजिए कि एक फर्म के दृष्टिकोण से समान स्तर की कर-आय को उत्पन्न करने हेतु विशिष्ट बिक्री कर की तुलना में मूल्यानुसार कर को अधिक प्राथमिकता दी जाती है। Show that ad valorem tax is preferable to specific sales tax from a firm's point of view in generating the same level of tax revenue.

(d) मुद्रा की पूर्ति को नियन्त्रित करने में राजकोषीय बिल की भूमिका का परीक्षण कीजिए। Examine the role of treasury bills in controlling money supply.

(e) ब्याज के नव-प्रतिष्ठित ऋण-योग्य निधि सिद्धान्त की प्रमुख मान्यताओं का विवरण दीजिए। Write down the major assumptions behind Neoclassical Loanable Funds Theory of Interest.

Section A

Q2. (a) उत्पादन में दो वस्तु-दो साधन-दो उत्पादकों के ढाँचे के अन्तर्गत पैरेटो इष्टतमता की शर्तों को व्युत्पन्न कीजिए। सिद्ध कीजिए कि पैरेटो इष्टतमता आवश्यक रूप से समानता का आश्वासन नहीं देती है। Derive Pareto optimality conditions in production in a two commodities-two factors-two producers framework. Show that Pareto optimality does not necessarily guarantee for equity. (b) मार्शल और वालरस के बाज़ार की स्थिरता के दृष्टिकोण में प्रयुक्त व्यवहार-सम्बन्धी मान्यताओं को लिखिए। स्पष्ट कीजिए कि ये दोनों दृष्टिकोण उस समय परस्पर विरोधी हो जाते हैं जब माँग व पूर्ति दोनों वक्रों का ढाल सकारात्मक होता है। Write down the behavioural assumptions used in Marshallian and Walrasian approaches of market stability. Show that these two approaches become conflicting when both the demand and supply curves are positively sloped. (c) एकाधिकारात्मक प्रतियोगिता के अन्तर्गत एक फर्म के अल्पकालीन व दीर्घकालीन सन्तुलन् का वर्णन कीजिए। Describe the short-run and long-run equilibrium of a firm under monopolistic competition.

(a) उत्पादन में दो वस्तु-दो साधन-दो उत्पादकों के ढाँचे के अन्तर्गत पैरेटो इष्टतमता की शर्तों को व्युत्पन्न कीजिए। सिद्ध कीजिए कि पैरेटो इष्टतमता आवश्यक रूप से समानता का आश्वासन नहीं देती है। Derive Pareto optimality conditions in production in a two commodities-two factors-two producers framework. Show that Pareto optimality does not necessarily guarantee for equity.

(b) मार्शल और वालरस के बाज़ार की स्थिरता के दृष्टिकोण में प्रयुक्त व्यवहार-सम्बन्धी मान्यताओं को लिखिए। स्पष्ट कीजिए कि ये दोनों दृष्टिकोण उस समय परस्पर विरोधी हो जाते हैं जब माँग व पूर्ति दोनों वक्रों का ढाल सकारात्मक होता है। Write down the behavioural assumptions used in Marshallian and Walrasian approaches of market stability. Show that these two approaches become conflicting when both the demand and supply curves are positively sloped.

(c) एकाधिकारात्मक प्रतियोगिता के अन्तर्गत एक फर्म के अल्पकालीन व दीर्घकालीन सन्तुलन् का वर्णन कीजिए। Describe the short-run and long-run equilibrium of a firm under monopolistic competition.

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UPSC Civil Services Main 2024 Economics Paper I question paper page 1 instructions scan PDF download. Includes exam header and specific instructions for candidates.
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UPSC Civil Services Main 2024 Economics Paper I question paper page 1 instructions scan PDF download. Includes exam header and specific instructions for candidates.

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Frequently asked questions

What is the name of the exam?

The exam is the Civil Services (Main) Examination.

Which paper is this question paper for?

This is for Economics Paper-I.

What is the conducting body for this examination?

The examination is conducted by UPSC (Union Public Service Commission).

What is the maximum marks for this paper?

The maximum marks for this paper are 250.

What is the time allowed to complete this paper?

The time allowed is Three Hours.

How many questions are there in total?

There are eight questions in total.

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