General Economics Paper II 2018 IES/ISS

Central Government Jobs Other Jobs 2018

  • Year 2018
  • Conducted By IES/ISS
  • Questions 16
  • Maximum Marks 200
  • Duration Three Hours Maximum Marks: 200
  • Languages English

Exam Details

Detail Information
Examination General Economics Paper II
Year 2018
Conducting Body IES/ISS
Paper General Economics
Subject General Economics
Duration Three Hours Maximum Marks: 200
Maximum Marks 200
Number of Questions 16
Question Type Descriptive and short answer

This JSON aggregates the General Economics Paper II 2018 (IES/ISS) exam details from Page 1 and the repaired content from Page 2. The overview covers the examination structure, including a compulsory Section A and selective Sections B and C, and the English-language answer requirement. The page 2 content provides the primary descriptive question in Section A with multiple subparts (a–f) focusing on classical vs neoclassical equilibrium, GDP calculations, the role of banks and stock markets, poverty-growth-inequality, and productivity comparisons between India and Bangladesh. The SEO metadata synthesizes these themes into topics, keywords, FAQs, and image SEO for both pages.

Major Topics Covered

  • General Economics
  • Equilibrium (Classical vs Neoclassical)
  • GDP Measurement
  • Prices vs Output
  • Money Neutrality
  • Banks and Financial Markets
  • Stock Markets
  • Poverty and Inequality
  • Economic Development
  • Trade and Productivity
  • Productivity Measurement
  • Labor Productivity
  • India-Bangladesh Economic Relations
  • Macroeconomic Theory
  • Economic Growth
  • Macro-Micro Linkages
  • Monetary Policy Basics
  • National Income Accounting
  • Market Structures
  • Economic Growth Theory

Why This Paper is Important

  • Useful for General Economics Paper II 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

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.

Questions (page 2)

Q1.

(a) SECTION 'A' 6 × 5 = 3 [The only question in this Section is compulsory] Answer the following questions in about 100 words each: 1. Compare and contrast the notion of equilibrium in Classical and Neoclassical 1. thought. Consider an economy with three final goods industries X, Y and Z.

(b) In 2016 and 1. 2017, the prices per unit, p, and outputs q, in units of X, Y, Z, per year were as follows: 2016 2017 Industry \boldsymbolp q \boldsymbolp q 100

Q1.

(a) SECTION 'A' 6 × 5 = 3 [The only question in this Section is compulsory] Answer the following questions in about 100 words each: 1. Compare and contrast the notion of equilibrium in Classical and Neoclassical 1. thought. Consider an economy with three final goods industries X, Y and Z.

(b) In 2016 and 1. 2017, the prices per unit, p, and outputs q, in units of X, Y, Z, per year were as follows: 2016 2017 Industry \boldsymbolp q \boldsymbolp q 100

Q2. 50 120 X 2.00 3.25 3.00 60 Y 50 25 2.00 25 Z 1.00 What are the GDP levels in both years in current prices and 2016 prices?
(i) By what percentage has the economy grown in real terms? By what
(ii) percentage have prices increased? Explain the neutrality of money.
1. (c) Describe the roles played by banks and stock markets in economic growth. 1.(d) Discuss Poverty-Growth-Inequality triangle in the process of sustainable economic 1.(e) development. The following table provides the productivity of two countries: India and 1.(f) Bangladesh in terms of production of paddy and textiles. Since India appears to enjoy more efficiency in production of both the goods, do you think that trade is not beneficial between the two countries? Justify your answer. Output per unit of labour Bangladesh India Paddy \overline4 \mathbf1 6 8\, Textile YLO-B-ECO \overlinec

Q2. 50 120 X 2.00 3.25 3.00 60 Y 50 25 2.00 25 Z 1.00 What are the GDP levels in both years in current prices and 2016 prices?
(i) By what percentage has the economy grown in real terms? By what
(ii) percentage have prices increased? Explain the neutrality of money.
1. (c) Describe the roles played by banks and stock markets in economic growth. 1.(d) Discuss Poverty-Growth-Inequality triangle in the process of sustainable economic 1.(e) development. The following table provides the productivity of two countries: India and 1.(f) Bangladesh in terms of production of paddy and textiles. Since India appears to enjoy more efficiency in production of both the goods, do you think that trade is not beneficial between the two countries? Justify your answer. Output per unit of labour Bangladesh India Paddy \overline4 \mathbf1 6 8\, Textile YLO-B-ECO \overlinec

Q3. 1.(b) 2017, the prices per unit, p, and outputs q, in units of X, Y, Z, per year were as follows: 2016 2017 Industry p q p q 100. What are the GDP levels in both years in current prices and 2016 prices?
(i) By what percentage has the economy grown in real terms? By what
(ii) percentage have prices increased? Explain the neutrality of money.

Q4. 1.
(c) Describe the roles played by banks and stock markets in economic growth.

Q5. 1.(d) Discuss Poverty-Growth-Inequality triangle in the process of sustainable economic development.

Q6. 1.(e) The following table provides the productivity of two countries: India and Bangladesh in terms of production of paddy and textiles. Since India appears to enjoy more efficiency in production of both the goods, do you think that trade is not beneficial between the two countries? Justify your answer. Output per unit of labour Bangladesh India Paddy Textile ...

Q7. 1.(f) The productivity data (continued). Since India appears to have higher efficiency in both goods, discuss whether trade between the two countries can still be beneficial.

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Frequently asked questions

What is the duration of the General Economics Paper II 2018 (IES/ISS)?

Three hours.

What is the maximum marks for the paper?

200 marks.

How many questions are in the paper?

Sixteen questions divided under three sections.

Which section contains a compulsory question?

Section A.

How many questions must be attempted in Section B?

Six out of nine questions.

How many questions must be attempted in Section C?

Four out of six questions.

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