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UGC NET DEC 2004 : ECONOMICS PAPER III

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Signature and Name of Invigilator Roll No. (In figures as per admission card) 1. (Signature) (Name) Roll No. 2. (Signature) (Name) Test Booklet No. D 0 1 0 4 Time : 2 hours] (In words) PAPER III ECONOMICS Number of Pages in this Booklet : 40 [Maximum Marks : 200 Number of Questions in this Booklet : 11 Instructions for the Candidates U U 1. Write your roll number in the space provided on the top of this page. 1. U DU U S U U U U U 2. U U U, U S U U 2. Answers to short answer/essay type questions are to be given in the space provided below each question or after the questions in the Test Booklet itself. U U No Additional Sheets are to be used. 3. U U U, - S U U U - S U U 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) - S U U U U U U U S U U- U S S U U (i) To have access to the Test Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) U DU U U U - S DU U U U U U U S DU / U U U U U S S U U U U U S U U - S U U - S U UQ (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the question booklet will be replaced nor any extra time will be given. 4. U U 4. Read instructions given inside carefully. 5. One page is attached for Rough Work at the end of the booklet before the Evaluation Sheet. 5. U U- S (Rough Work) U U DU 6. If you write your name or put any mark on any part of the Test booklet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 6. U- S U , U U U U 7. U # U U- S U U U U U # U U U U 7. You have to return the Test booklet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 8. / U Z U S U 8. Use only Blue/Black Ball point pen. 9. Use of any calculator or log table etc. is prohibited. 9. U ( U U) U U 10. There is NO negative marking. 10. U U D 0104 1 P.T.O. ECONOMICS S PAPER III - III Note : This paper consists of two parts - (A and B). All questions are compulsory. U ( ) PART A U Note : This part has ten short essay type questions of 16 marks each to be answered in about three hundred words. U U U U D 0104 2 , 16 , PART A U 1. Explain with a suitable diagram the concept of the Point of Bliss . U OR / Explain the L-shaped cost curve for the long run. U L- U R D 0104 3 P.T.O. 2. Portfolio Balance Approach put forward by Tobin is a development of Keynes theory of demand for money . Examine. U m U U U U U S h U OR / Explain the concept of accelerator and show how it generates economic fluctuations. U U U D 0104 6 3. What is endogenous growth ? Discuss the role of education, research and knowledge in growth process. h ? h R , OR / Critically examine Prebisch-Singer hypothesis of trade and development. U - U U U U U D 0104 9 P.T.O. 4. Critically examine Wiseman-Peacock hypothesis of growth of public expenditure. h - U U U U OR / Trace the growth of public debt in India during the eighties and nineties. Is India moving towards internal debt trap ? U S h U U U U U - U U U U U ? D 0104 12 5. How does the traditional theory of international trade get modified when trade takes place under conditions of imperfect competition in commodity markets ? U S U U c U U U U h U U ? OR / What are non-tariff barriers ? How do they restrict trade between countries ? U- U ? U U U U U ? D 0104 15 P.T.O. 6. Discuss the main problems plaguing the urban cooperative banking sector. What steps do you suggest for meeting the emerging situation ? U U # S U S U ? OR / Describe the recent developments in regard to the functioning of the Unit Trust of India. What steps have been initiated by the Government of India to improve its functioning ? U U US U S U U U U U U U ? D 0104 18 7. Disucss the merits and demerits of privatisation of public sector undertakings in the context of economic reforms. l U U OR / Discuss Sergeant theory of industrial location. Is it applicable in the Indian situation ? l -S U U h U S ? D 0104 21 P.T.O. 8. Explain the difference between stable population and stationary population models. S S U U U U OR / Discuss the Joint Forest Management in microplanning for environment and eco-preservation. U U U - Q D 0104 24 9. Do you think Green Revolution led to regional disparity in agricultural development in India ? Give reasons in support of your view. U U R U ? U OR / Highlight the shifts in the strategy of rural development since the Ninth Plan. U U U U U D 0104 27 P.T.O. 10. The following are the demand functions of a discriminating monopoly : X153220.4 P1 and X251820.1 P2 Where X1 and X2 are quantities demanded in markets 1 and 2 and P1 and P2 are the respective prices. Given the cost function C550140 X where X5X11X2, calculate the maximum total profit and also price elasticities of demand in the two markets. U X153220.4 P1 X251820.1 P2 X1 X2 U 1 U 2 P1 P2 R U R C550140 X X5X11X2 , , U U U U - U U OR / For a linear programming, explain the concepts of feasible solution and basic feasible solution. Illustrate with a suitable example. U U U U U U S D 0104 30 PART B U Note : This part has only one question of 40 marks to be answered in about (800) Eight hundred words. U U 11. 40 , U (800) U- Explain the concept of stationarity . Discuss the unit root test of stationarity. U U U - U- U OR / Set up a linear programming problem, state its dual and explain simplex method of solving it. U U S U , m M U U U OR / Discuss the trends of regional trade blocks. Do you think they are a roadblock to or a step towards objective of free trade ? U U Q U g ? OR / Evaluate the role of agricultural price policy and examine the rationale for minimum support price in the present context of liberalisation. U U E U U U OR / Discuss recent trends of poverty in India. Do you think that higher economic growth is sufficient condition for alleviation of poverty ? U U Z U U U h # ? D 0104 33 P.T.O.

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Additional Info : Ugc Net December 2004 Question Paper - Economics Paper III
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