IES ISS 2019 General Economics Paper II Question Paper PDF

Central Government Jobs Other Jobs 2019

  • Year 2019
  • Conducted By UPSC
  • Questions 16
  • Maximum Marks 200
  • Duration Three Hours
  • Languages English

Exam Details

Detail Information
Examination Indian Economic Service and Indian Statistical Service Examination
Year 2019
Conducting Body UPSC
Paper General Economics Paper II
Subject Economics
Duration Three Hours
Maximum Marks 200
Number of Questions 16
Question Type Mixed

This document contains the General Economics Paper II from the Indian Economic Service (IES) and Indian Statistical Service (ISS) Examination held in 2019, conducted by UPSC. The paper is designed to assess candidates' in-depth knowledge of economic principles and their application. It consists of 16 questions spread across three sections, with a total maximum mark of 200 and a time limit of three hours. Section A is compulsory, while Sections B and C require candidates to attempt a specified number of questions out of a larger set. This paper is crucial for aspirants aiming to qualify for prestigious positions within the Indian Economic Service and Indian Statistical Service.

Major Topics Covered

  • Karl Marx
  • Capitalist System
  • Friedman's demand for money function
  • Monetary policy
  • Keynesian economics
  • Classical economics
  • Demand-pull inflation
  • Monetary factors
  • Derivatives
  • Rules of origin
  • International trade
  • Non-market natural assets
  • Green National Product
  • Gross Domestic Product
  • Phillips' curve
  • Phelps
  • Aggregate demand
  • Aggregate supply
  • Stock exchange
  • Secondary market
  • Foreign repercussion
  • Physical Quality of Life Index
  • GNP
  • Development
  • Foreign exchange market
  • Speculation
  • Speculative attack
  • Balance of payments
  • Autonomous transactions
  • Multinational Corporations (MNCs)
  • Loanable funds model
  • Budget deficits
  • Interest rates
  • Tobin's portfolio balance theory
  • Asset portfolio
  • Harrod-Domar growth model
  • Heckscher-Ohlin theory
  • Romer's model
  • Endogenous Technical change
  • Endogenous growth theory
  • Sen's Capability Approach
  • Development policy

Why This Paper is Important

  • Useful for Indian Economic Service and Indian Stati 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 II
  • IES ISS 2018 General Economics Paper II
  • IES ISS 2019 General Economics Paper I
  • IES ISS 2019 Statistics Paper I
  • IES ISS 2019 Statistics Paper II
  • IES ISS 2019 General Economics Paper II Answer Key
  • UPSC Economics Paper II Solutions 2019
  • IES ISS Economics Syllabus

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 Section.
  • The number of marks carried by a question/part is indicated against it.
  • 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 answer-book must be clearly struck off.
  • 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.
  • Answers must be written in ENGLISH only.
  • SECTION 'A' (The ONLY question in this Section is compulsory) 6 \times 5 = 30

Questions (page 2)

Q2. Product is still a preferable alternative to traditional Gross Domestic Product. 15 Comment. What is Phillips' curve? How did Phelps and Friedman challenge its theoretical 15 With given aggregate demand and aggregate supply curves there will normally be

  • (1) curves
  • (2) there
  • (3) will
  • (4) normally
  • (5) be

Q3. underpinnings?

Q4. only one point of equilibrium but this may not be the level of full employment. 15 Discuss. Discuss the role of stock exchange in the secondary market and point out its

  • (1) market
  • (2) and
  • (3) point
  • (4) out
  • (5) its

Q5. importance to the corporation. Give your answer by using examples. 15 Use diagram to explain foreign repercussion. Also explain its implications for

  • (1) Also
  • (2) explain
  • (3) its
  • (4) implications
  • (5) for

Q6. 15 international trade. What is a Physical Quality of Life Index ? How does it free the major problems

  • (1) it
  • (2) free
  • (3) the
  • (4) major
  • (5) problems

Q7. 15 associated with GNP as a measure of development? How does speculation occur in the foreign exchange market ? What is a speculative

  • (1) ?
  • (2) What
  • (3) is
  • (4) a
  • (5) speculative

Q8. 15 attack? To determine whether the balance of payments is in equilibrium or disequilibrium,

  • (1) is
  • (2) in
  • (3) equilibrium
  • (4) or
  • (5) disequilibrium,

Q9. only the autonomous transactions are considered. Explain. 15 Examine the salient features and economic effects of Multinational Corporations

  • (1) economic
  • (2) effects
  • (3) of
  • (4) Multinational
  • (5) Corporations

Q10. 15 (MNCs). SECTION 'C' (Answer any FOUR out of the following SIX questions in about 300 words each) 20 × 4 = 80 Examine the factors that affect supply and demand in the loanable funds model. 20 Tobin's portfolio balance theory analyses the behaviour of an individual wealth

  • (1) behaviour
  • (2) of
  • (3) an
  • (4) individual
  • (5) wealth

Q11. What effects do budget deficits have upon interest rates?

Q12. holder who is uncertain about the future and thus holds a diversified asset portfolio. 20 Discuss. Briefly portray the Harrod-Domar growth model. Enumerate its strength and

  • (1) model.
  • (2) Enumerate
  • (3) its
  • (4) strength
  • (5) and

Q13. 20 weaknesses. Elucidate Heckscher-Ohlin theory of international trade. Highlight some of the

  • (1) trade.
  • (2) Highlight
  • (3) some
  • (4) of
  • (5) the

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Frequently asked questions

What is the name of the examination?

The examination is the Indian Economic Service and Indian Statistical Service Examination.

Which paper is this question paper for?

This question paper is for General Economics Paper II.

What is the conducting body for this examination?

The examination is conducted by UPSC.

In which year was this examination held?

This examination was held in 2019.

What is the maximum marks for General Economics Paper II?

The maximum marks for General Economics Paper II is 200.

What is the time allowed to complete the paper?

The time allowed to complete the paper is Three Hours.

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