IES/ISS Exam 2017 General Economics Paper II Question Paper PDF
- Year 2017
- Conducted By UPSC
- Questions 16
- Maximum Marks 200
- Duration Three Hours
- Languages English
Exam Details
| Detail | Information |
|---|---|
| Examination | IES/ISS Exam |
| Year | 2017 |
| 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 official question paper for the IES/ISS Exam 2017, specifically for General Economics Paper II. Conducted by UPSC, the exam tests candidates' knowledge in Economics over three hours, with a maximum of 200 marks. The paper is divided into three sections, with a compulsory question in Section A, followed by a selection of questions in Sections B and C. This paper is crucial for aspirants aiming to qualify for the Indian Economic Service (IES) and Indian Statistical Service (ISS) examinations, providing valuable insights into the exam's scope and difficulty.
Major Topics Covered
- Value-in-use
- Value-in-exchange
- Classical Economists
- Diamond-Water Paradox
- Adam Smith
- National Income Accounting
- Investment
- Private Savings
- Government Savings
- Current Account Balance
- Investment Multiplier
- Open Economy
- Closed Economy
- Schumpeter's Concept of Innovation
- Physiocrats
- Quesnay's Tableau Economique
- Financial Sector
- Commercial Banks
- Economic Development
- Harrod-Domar Growth Model
- Monetary Policy
- Fixed Exchange Rate
- Capital Mobility
- Elasticity Approach
- Balance of Payments
- IMF
- World Economy
- Demand-Pull Inflation
- Cost-Push Inflation
- New Growth Theory
- Solow Model
- Endogenous Growth Model
- Theory of Underdevelopment
- Dependency School
- Consumption Function
- Investment Function
- Real Money Demand
- Real Money Supply
- Aggregate Supply
- IS Curve
- LM Curve
- AD Curve
- Equilibrium
- Hirschmanian Strategy
- Nurksian Balanced Growth
- Economic Integration
- Less Developed Countries
- Philips Curve
- Macroeconomic Policies
- Hecksher-Ohlin Model
- Growth
- Welfare
- Human Development Index (HDI)
- Human Poverty Index (HPI)
- Physical Quality of Life Index (PQLI)
Why This Paper is Important
- Useful for IES/ISS Exam 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 Exam 2017 General Economics Paper I
- IES/ISS Exam 2017 Statistics Paper I
- IES/ISS Exam 2017 Statistics Paper II
- IES/ISS Exam 2017 General Economics Paper II Answer Key
- IES/ISS Exam 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 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) Answer the following questions in about 100 words each : 6x5 = 30
- What is value-in-use and value-in-exchange according to the classical economists? In this
Questions (page 2)
Q6. Discuss the main ingredients of elasticity approach for adjustment of disequilibrium in balance of payments.
Q7. Discuss the role of IMF in stabilizing the world economy.
Q8. Compare and contrast demand-pull and cost-push inflation.
Q9. What is the motivation for the new growth theory ? Describe main points of difference between Solow model of economic growth and basic endogenous growth model.
Q10. Discuss the main tenets of the theory of underdevelopment as propounded by dependency school.
Section C
Q11.
In an economy following data are given:
Consumption function C = 250 + 0.5 (Y - T) - 500r
Investment function I = 250 - 500r
Real Money Demand (Md)/(P) = 0.5y - 500r
Real Money Supply (Ms)/(P) = (7650)/(P)
Aggregate Supply = Full-employment level = \overlineY = 1000
Government Expenditure G = Tax = T = 200
Find out
((i)) Equation of IS curve
((ii)) Equation of LM curve
((iii)) Equation of AD curve
((iv)) Equilibrium values of P, r, C and I
((v)) Show graphically what happens to equilibrium values when money supply increases ?
Q12. When is it more effective to pursue a Hirschmanian strategy compared to Nurksian balanced growth model approach ? Discuss after explaining the essence of both the models.
Q13. What are the basic static and dynamic arguments for economic integration in less developed countries ?
Q14. Differentiate between short run and long run Philips curve. What implications they have for the conduct of macroeconomic policies ?
Q15. State the assumptions of Hecksher-Ohlin model and explain the role each assumption plays in the derivation of the main results of the model.
Q16. Critically discuss the following concepts related to growth and welfare and mention some of the modifications suggested :
((i)) Human Development Index (HDI)
((ii)) Human Poverty Index (HPI)
((iii)) Physical Quality of Life Index (PQLI)
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Frequently asked questions
What is the name of the exam?
The exam is the IES/ISS Exam.
What year is this question paper from?
This question paper is from the year 2017.
Which paper is this question paper for?
This is the question paper for General Economics Paper II.
Who conducts the IES/ISS Exam?
The IES/ISS Exam is conducted by UPSC (Union Public Service Commission).
What is the maximum marks for this paper?
The maximum marks for General Economics Paper II is 200.
What is the time allowed to complete this paper?
The time allowed to complete this paper is Three Hours.