WBCS(Main)-2000 Economics Paper-I Question Paper

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                                                WEST   BENGAL   CIVIL  SERVICE 

                                                           EXAMINATION - 2000

                                                               Economics Paper-I

 

Time Allowed-3 Hours                                                                                        Full Marks-100 

                               Answer any five questions, taking at least two from each Group.                                                                                

                                                                       Group - A 

                              

1.  (a)  What is menat by the elasticity of demand for a commodity ?

     (b)  How would you measure elasticity at a point on a demand curve ?

     (c)  Point out some exceptions to the law of demand.      4+10+6

 

2.  (a) Distinguish between an indifference curve and an indifference map.

     (b) What are the properties of indifference curves ?     8+12

 

3.  (a) Show how a monopolist determines the output to be produced and the price at which he will sell his commodity.

     (b) Is monopoly an unmixed evil ?    12+8

 

4.  (a)  What are iso-quants ?

     (b)  Describe the nature of iso-quants.

     (c)  Write a brief note on the Cobb-Douglas production function.     5+10+5

 

5.  (a)  State and explain the Ricardian theory of comparative advantage.

    (b)  State the basic assumptions of the Hecksher-Ohlin trade model and explain the model.    10+10

 

                                                                 Group - B

                                                 

6. (a)  How is credit created by banks ?

    (b)  Show how the Central Bank of country uses the various struments of credit control.    10+10

 

7.  (a)  What is meant by inflation ?

     (b)  Distinguish between demand-pull inflation and cost-push ation.

     (c)  How can inflation be controlled ?    4+8+8

 

8.  What is the role of foreign investment in the development of a less developed country ?     20

 

9.  Discuss Harrod's theory of growth.     20

 

10.  (a) What are the determinants of economic growth ?

      (b) Discuss the role of technology in the economic development of developing countries.    10+10

***

 

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