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

This document contains the General Economics Paper - II for the Indian Economic Service - Indian Statistical Service Examination 2025, conducted by UPSC. The paper is divided into three sections: Section-A (compulsory), Section-B, and Section-C. Candidates are instructed to answer questions within specified word limits and adhere to the attempt guidelines for each section. Answers must be written in English only. This paper is crucial for aspirants aiming to qualify for these prestigious services, providing a clear understanding of the exam's scope and difficulty.

Major Topics Covered

  • Intersectoral Flows
  • Monetary Phenomenon
  • Inflation
  • Big Push Theory
  • Gains from Trade
  • Exchange Rates
  • GATT to WTO
  • National Income
  • Value-Added Method
  • Final Expenditure Method
  • Loanable Funds
  • Financial Market Equilibrium
  • Goods Market Equilibrium
  • Subprime Crisis
  • Endogenous Growth Model
  • Knowledge in Economic Growth
  • Human Development
  • Regional Trade Agreements
  • Trade Creation
  • Trade Diversion

Why This Paper is Important

  • Useful for Indian Economic Service - Indian Statist 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 2024 General Economics Paper II
  • IES ISS 2023 General Economics Paper II
  • IES ISS 2025 General Economics Paper I
  • UPSC Civil Services Mains Economics Paper I
  • UPSC Civil Services Mains Economics Paper II
  • IES ISS 2025 General Economics Paper II Answer Key
  • UPSC Economics Paper II Solutions 2025
  • IES ISS 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 Sections.
  • The number of marks carried by a question/part is indicated against it.
  • 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.
  • 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 the following questions in about 100 words each :

(a) Trace the role of Quesnay in the formulation of intersectoral flows in an economy as it stands today.

(b) "Inflation is always and everywhere a monetary phenomenon." Explain briefly the arguments of Friedman.

(c) Briefly explain Rosenstein-Rodan's Big Push theory.

(d) Specify the sources of gains from trade when production is characterised by increasing cost conditions.

(e) Differentiate among fixed, freely floating and managed floating exchange rates.

(f) Trace the major developments in the various rounds of negotiations from GATT to WTO.

Section B

Q2. Bring out the equivalence between national income measured by value-added method and final expenditure method.

Section B

Q3. Analyse how the supply and demand for loanable funds and equilibrium in the financial market is related to equilibrium in the goods market in a closed economy.

Section B

Q4. Briefly explain the US subprime crisis (2007-2010). Explain whether the subprime crisis was a 'plain vanilla' financial crisis.

Section B

Q5. Explain the basic endogenous growth model which emphasises the role of knowledge in economic growth.

Section B

Q6. Discuss the evolution of the concept of human development since 1990 to its present state.

Section B

Q7. Critically analyse the role of Regional Trade Agreements in the creation and diversion of trade.

Question paper preview

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Frequently asked questions

What is the name of the examination?

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

What is the year of this question paper?

The year of this question paper is 2025.

Which paper is this question paper for?

This is for General Economics Paper - II.

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

The examination is conducted by UPSC.

What is the medium of the examination?

Answers must be written in English only.

How are the questions divided in the paper?

The paper is divided into three sections: Section-A (compulsory), Section-B, and Section-C.

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