IES ISS 2018 General Economics Paper III Question Paper PDF

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  • Year 2018
  • Conducted By UPSC
  • Maximum Marks 200
  • Duration Three Hours
  • Languages English

Exam Details

Detail Information
Examination Indian Economic Service and Indian Statistical Service Examination
Year 2018
Conducting Body UPSC
Paper General Economics Paper-III
Subject General Economics
Duration Three Hours
Maximum Marks 200
Question Type Mixed

This is the General Economics Paper-III from the Indian Economic Service (IES) and Indian Statistical Service (ISS) Examination conducted by UPSC in 2018. The paper carried a maximum of 200 marks and was to be completed within three hours. It is divided into three sections, with specific instructions on the number of questions to be attempted from each. This paper is crucial for aspirants aiming for top positions in economic and statistical services within the Indian government, providing a detailed assessment of their understanding of advanced economic concepts and their application.

Major Topics Covered

  • Optimal Taxation
  • Environmental Economics
  • Market Structures
  • Product Differentiation
  • Market Economies
  • Fiscal Deficits
  • Demonetization Policy
  • Pollution Taxes
  • Contestable Markets
  • International Trade
  • Sustainable Development
  • Public Investment Decisions
  • Economic Planning

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 2017 General Economics Paper III
  • IES ISS 2019 General Economics Paper III
  • IES ISS 2018 General Economics Paper I
  • IES ISS 2018 General Economics Paper II
  • IES ISS 2018 General Economics Paper III Answer Key
  • IES ISS General Economics Syllabus
  • UPSC Economics Syllabus
  • Indian Economic Service 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 QCA Booklet 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. Answer all of the following parts in about 100 words each : 5 × 6 = 30 What do you mean by optimal taxation?

  • (a) Explain the concepts of existence value and user value of environment.
  • (b) What is the Lerner's index and what is its value for perfectly competitive |c\rangle markets? Explain product differentiation and state whether advertising can serve as
  • (c) a signal of quality of products.
  • (d) What is the economic role of planning for market economies? (f) Distinguish between Revenue deficit and Fiscal deficit. SECTION-B Answer any six questions out of the following nine questions in about 200 words each : 15× 6 = 90

Q2. Discuss the merits and demerits of recent 'Demonetization Policy' of India.

  • (a) recent
  • (b) 'Demonetization
  • (c) Policy'
  • (d) of
  • (e) India.

Q3. Examine the role and effectiveness of pollution taxes as environmental policy instrument.

  • (a) taxes
  • (b) as
  • (c) environmental
  • (d) policy
  • (e) instrument.

Q4. What are contestable markets?

  • (a) same
  • (b) as
  • (c) perfectly
  • (d) competitive
  • (e) markets?

Q5. Assess the impact of increasing International Trade on environment and sustainable development in the present era of globalization.

  • (a) the
  • (b) present
  • (c) era
  • (d) of
  • (e) globalization.

Q6. Explain the principles followed in taking public investment decisions.

  • (a) and
  • (b) Indicative
  • (c) planning.
  • (d) VLC-T-ECQ/51
  • (e) 2

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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 is for General Economics Paper-III.

What is the conducting body for this exam?

The conducting body is UPSC (Union Public Service Commission).

In which year was this examination conducted?

The examination was conducted in 2018.

What is the maximum marks for General Economics Paper-III?

The maximum marks for this paper are 200.

What is the time duration allowed for this paper?

The time allowed for this paper is Three Hours.

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