General Economics Paper I UPSC IES ISS 2025 Question Paper PDF

Central Government Jobs Other Jobs 2025

  • Year 2025
  • Conducted By UPSC
  • Maximum Marks 200
  • Duration Three Hours
  • Languages English

Exam Details

Detail Information
Examination UPSC Indian Economic Service - Indian Statistical Service Examination
Year 2025
Conducting Body UPSC
Paper General Economics Paper - I
Subject General Economics
Duration Three Hours
Maximum Marks 200
Question Type Mixed

This document contains the General Economics Paper I for the UPSC Indian Economic Service - Indian Statistical Service Examination 2025. The paper is divided into three sections, with specific instructions on compulsory and optional questions. Candidates are required to write clear, legible, and concise answers in English only. The paper assesses candidates' understanding of core economic principles and their application, crucial for aspiring Indian Economic Service and Indian Statistical Service officers.

Major Topics Covered

  • General Economics
  • Marginal Rate of Substitution (MRS)
  • Utility Function
  • Cobb-Douglas Production Function
  • Oligopoly Equilibrium
  • Factor of Production
  • Coase Theorem
  • First Order Derivative
  • Short-run Production Function
  • Second Order Derivative
  • Regression Model
  • Goodness of Fit
  • Adjusted R-squared

Why This Paper is Important

  • Useful for UPSC Indian Economic Service - Indian St 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

  • UPSC IES ISS 2024 General Economics Paper I
  • UPSC IES ISS 2023 General Economics Paper I
  • UPSC IES ISS 2025 General Economics Paper II
  • UPSC IES ISS 2025 General Economics Paper I Answer Key
  • UPSC IES ISS Syllabus
  • General Economics Syllabus for Competitive Exams
  • UPSC IES ISS Exam Pattern
  • IES ISS Exam Structure

Instructions

  • There are THIRTEEN questions divided under THREE sections.
  • The ONLY question in Section A is compulsory.
  • In Section B, FIVE out of SEVEN questions are to be attempted.
  • In Section C, THREE out of FIVE 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.
  • 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)

Section A

Q1. Answer all the following seven parts:

(a) Define MRS (Marginal Rate of Substitution). Calculate MRS for a utility function U = q1α q2β.

(b) Specify the Cobb-Douglas production function taking two inputs in producing one output. Interpret the parameters used in this function.

(c) Comment on the role of conjectural variations in the determination of oligopoly equilibrium.

(d) "Rent is not the income of a particular factor of production but merely an aspect of income of any factor of production." Discuss.

(e) State and explain the Coase theorem.

(f) Write down the economic meaning of a first order derivative of a short-run production function. Interpret the situation where one second order derivative of that function is zero.

(g) Explain why adjusted R2 is important for testing the goodness of fit of a regression model.

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Frequently asked questions

What is the name of the exam for which this paper is intended?

This paper is for the UPSC Indian Economic Service - Indian Statistical Service Examination.

What is the subject of this paper?

The subject is General Economics, Paper I.

What is the year of this examination paper?

The year of the examination paper is 2025.

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

The examination is conducted by UPSC (Union Public Service Commission).

How are the questions divided in this paper?

The paper is divided into THREE sections. Section A is compulsory, Section B has seven questions from which five are to be attempted, and Section C has five questions from which three are to be attempted.

What is the language required for writing answers?

Answers must be written in ENGLISH only.

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