In which language should the answers be written?

Answers must be written in English only.

How is the paper structured?

The paper is divided into three sections: Section-A (compulsory), Section-B (nine questions, attempt six), and Section-C (six questions, attempt four).

What is the subject of this paper?

The subject is General Economics.

Can I download the question paper?

Yes, question papers like this are typically available for download for exam preparation.

What is the question type for this paper?

The paper appears to be of a mixed type, with compulsory questions and others requiring detailed answers, suggesting both objective and descriptive/essay-style questions.

IES ISS 2020 General Economics Paper II Question Paper PDF

Name: IES ISS 2020 General Economics Paper II Question Paper PDF
Creator: UPSC
Keywords: IES ISS 2020 General Economics Paper II, UPSC IES ISS 2020 Question Paper, Indian Economic Service Economics Paper, Indian Statistical Service Economics Paper, General Economics Paper II PDF, 2020 Economics Exam Paper, IES ISS Previous Year Paper, UPSC Economics Question Paper, Economics Paper II UPSC, General Economics 2020

Central Government Jobs Other Jobs 2020

Year 2020
Conducted By UPSC
Maximum Marks 200
Duration Three Hours
Languages English

Exam Details

Detail	Information
Examination	Indian Economic Service - Indian Statistical Service Examination
Year	2020
Conducting Body	UPSC
Paper	General Economics Paper-II
Subject	General Economics
Duration	Three Hours
Maximum Marks	200
Question Type	Mixed

This document contains the General Economics Paper-II from the 2020 Indian Economic Service (IES) - Indian Statistical Service (ISS) Examination conducted by UPSC. The paper is designed to assess candidates' understanding of advanced economic concepts. It is divided into three sections, with specific instructions on the number of questions to be attempted in each. The exam allows three hours for completion and carries a maximum of 200 marks. This paper is crucial for aspirants aiming for positions within the Indian Economic Service and Indian Statistical Service, providing a clear view of the expected knowledge and analytical skills.

Major Topics Covered

Mercantilists
Physiocrats
ASEAN Financial Crisis
Global Financial Crisis
Nominal Exchange Rate
Real Exchange Rate
Purchasing Power Parity
Future and Options
Human Development Index
Human Poverty Index
Classical Theory of Full Employment
National Income
GDP
Quantity Theory of Money
Demand for Money
Liquidity Trap
IS-LM Model
Balance of Payments
Kaldor's Model of Growth

Why This Paper is Important

Useful for Indian Economic Service - Indian Statist 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

IES ISS 2020 General Economics Paper-I
IES ISS 2019 General Economics Paper-II
IES ISS 2020 General Studies Paper
IES ISS 2020 General Economics Paper II Answer Key
IES ISS General Economics Syllabus
UPSC Economics Syllabus
IES ISS Exam Pattern
UPSC Exam Pattern

Instructions

There are SIXTEEN questions divided under THREE Sections.
The ONLY question in Section—A is compulsory.
In Section—B, SIX out of NINE questions are to be attempted.
In Section—C, FOUR out of SIX questions are to be attempted.
Candidates should attempt questions/parts as per the instructions given in the Sections.
The number of marks carried by a question/part is indicated against it.
Candidates are required to write clear, legible and concise answers and to adhere to word limits, wherever indicated.
Failure to adhere to word limits may be penalized.
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 (QCA) Booklet must be clearly struck off.
Answers must be written in ENGLISH only.

Questions (page 2)

Q1. SECTION-A The ONLY question in this Section is compulsory 5× 6 = 30 Answer the following questions in about 100 words each : \epsilon Compare the concept of surplus in the economic thought of Mercantilists and (a) Physiocrats. (b) What is the main difference between the ASEAN Financial Crisis of 1998 and the Global Financial Crisis of 2008?

Q2. An open economy has three sectors— (i) agriculture, (ii) industry and (iii) services.

(a) produce
(b) identical
(c) value
(d) of
(e) GDP.

Q3. Show that the original quantity theory of money is the theory of price level, while Friedman's restatement of the quantity theory is the reformulation of demand for money.

(a) reformulation
(b) of
(c) demand
(d) for
(e) money.

Q4. What is 'liquidity trap'?

(a) liquidity
(b) trap
(c) in
(d) IS-LM
(e) model.

Q5. Compare between the two main adjustment policies for balance of payments disequilibrium in an economy.

(a) payments
(b) disequilibrium
(c) in
(d) an
(e) economy.

Q6. Show the importance of income distribution in Kaldor's model of growth.

(a) DFSE-D-ECM/2
(b) 2

Question paper preview

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IES ISS 2020 General Economics Paper II question paper page 1 instructions scan PDF download UPSC — Page 1

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Frequently asked questions

What is the name of the exam for which this paper was conducted?

This paper is from the Indian Economic Service - Indian Statistical Service Examination.

What is the year of this examination paper?

The examination year is 2020.

Who conducted the Indian Economic Service - Indian Statistical Service Examination?

The examination was conducted by UPSC.

What is the name of this specific paper?

This is the General Economics Paper-II.

What is the maximum marks for this paper?

The maximum marks for this paper are 200.

What is the time allowed to complete this paper?

The time allowed to complete the paper is Three Hours.

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