IES ISS 2021 General Economics Paper II Question Paper PDF

Central Government Jobs Other Jobs 2021

  • Year 2021
  • Conducted By UPSC
  • Questions 16
  • Maximum Marks 200
  • Duration Three Hours
  • Languages English

Exam Details

Detail Information
Examination Indian Economic Service - Indian Statistical Service Examination
Year 2021
Conducting Body UPSC
Paper General Economics Paper - II
Subject General Economics
Duration Three Hours
Maximum Marks 200
Number of Questions 16
Question Type Mixed

This is the General Economics Paper II for the Indian Economic Service (IES) and Indian Statistical Service (ISS) Examination held in 2021 by UPSC. The paper is divided into three sections, with Section A being compulsory. It contains a total of sixteen questions, with specific instructions on the number of questions to be attempted in each section. The maximum marks for this paper are 200, and candidates are allowed three hours to complete it. Answers must be written in English only. This paper is crucial for aspirants aiming to qualify for prestigious economic and statistical roles within the Indian government.

Major Topics Covered

  • Adam Smith
  • Ricardo
  • Subsistence Wage
  • Natural Wage
  • Underground Economy
  • Keynesian System
  • Classical System
  • Disposable Income
  • Rate of Interest
  • Bonds
  • Debentures
  • Non-convertible Debentures
  • Saving Ratio
  • Quantitative Speed
  • Steady State Equilibrium
  • Neo-classical Growth Model
  • Forex Index
  • Economic Strength

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 Examination 2021 General Economics Paper - I
  • IES ISS Examination 2021 Statistics Paper - I
  • IES ISS Examination 2021 Statistics Paper - II
  • IES ISS 2021 General Economics Paper II Answer Key
  • IES ISS General Economics Syllabus
  • IES ISS Statistics Syllabus
  • IES ISS Exam Pattern
  • UPSC Exam Calendar

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 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) Differentiate between Adam Smith's concept of subsistence wage and Ricardo's concept of natural wage.

(b) Is the underground economy beneficial or subversive?

(c) Why is saving in Keynesian system a function of disposable income but in classical system a function of rate of interest?

(d) Distinguish between (i) bonds and debentures, (ii) bonds and non-convertible debentures.

(e) How can you justify the absence of saving ratio in the quantitative speed of convergence towards steady state equilibrium in the neo-classical growth model?

(f) How far is the 'Forex Index' an index of economic strength?

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Frequently asked questions

What is the name of the examination for which this paper was conducted?

This paper is from the Indian Economic Service - Indian Statistical Service Examination, 2021.

Which paper is this question paper?

This is General Economics Paper - II.

Who conducts the IES/ISS Examination?

The IES/ISS Examination is conducted by UPSC (Union Public Service Commission).

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

The maximum marks for General Economics Paper - II is 200.

What is the time duration allowed for this paper?

The time allowed for this paper is Three Hours.

In which language should the answers be written?

Answers must be written in English only.

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