CSS Economics Past Paper 2015
PAPER-I (Subjective) 80 Marks
PART-II
Attempt ONLY FOUR questions from PART-II. (20×4)
Q. No. 2 Explain the equilibrium of the firm and price fixation in Duopoly when both firms have different elastic Average Revenue and Marginal Revenue curves.
Q. No. 3 Compare and contrast the equilibrium of the firm under Perfect Competition and Monopolistic Competition.
Q. No. 4 Explain how new investment impacts national income under the Multiplier Effect. Illustrate with a table and graph.
Q. No. 5 Explain how the process of Creation of Credit Money is adopted by the banks.
Q. No. 6 Define Monetary Policy and explain its instruments which control inflation and deflation in the economy.
Q. No. 7 Why are Micro and Macro Economics prerequisites for complete Economic analysis? Explain.
Q. No. 8 Write notes on the following:
(a) How would you identify the Supply Curve of the firm under Perfect Competition in the long term? Explain with a graph.
(b) Do you think that a Monopolistic firm can earn unlimited profit by maximizing the price?
PAPER–II (Subjective) 80 Marks
PART-II
Attempt ONLY FOUR questions from PART-II. (20×4)
Here is the revised version of your questions with a single space between the question number and the question statement:
Q. No. 1 How does the Lorenz curve measure poverty and income inequalities? Discuss critically.
Q. No. 2 “Economy without economic planning is like a ship having no destination.” Comment.
Q. No. 3 How is agricultural development based on the ‘Green Revolution’? Discuss how it brought revolutionary changes in agricultural development.
Q. No. 4 ‘Domestic resource development is a strategy of economic development.’ Discuss how industrial development is helpful to achieve this goal.
Q. No. 5 “Public sector enterprises are white elephants for the economy.” Discuss how privatization can play a positive role in addressing this issue.
Q. No. 6 Do you think the modern approach to economic development is in accordance with human welfare?
Q. No. 7 Write notes on the following:
(a) Poverty line
(b) Basic Need Approach for poverty alleviation
(c) Economic growth