
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

UGC NET DEC 2009 : ECONOMICS PAPER III

20 pages, 47 questions, 0 questions with responses, 0 total responses,

	ugc_net	+Fave Message
	Profile Timeline Uploads Q & A

Home > ugc_net >

Formatting page ...

Signature and Name of Invigilator Roll No. 1. (Signature) __________________________ (Name) ____________________________ 2. (Signature) __________________________ (Name) ____________________________ (In figures as per admission card) Roll N o.____________________________ (In words) Test Booklet No. D-0109 Time : 2 1/2 hours] PAPER-III ECONOMICS Number of Pages in this Booklet : 40 Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 2. Answer 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. No Additional Sheets are to be used. 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) To have access to the Question 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) 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. Read instructions given inside carefully. 5. One page is attached for Rough Work at the end of the booklet before the Evaluation Sheet. 6. If you write your name or put any mark on any part of the Answer Sheet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 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. Use only Blue/Black Ball point pen. 9. Use of any calculator or log table etc., is prohibited. D-0109 [Maximum Marks : 200 Number of Questions in this Booklet : 26 1. 2. , 3. , - - : (i) - - (ii) - / - - 4. 5. - (Rough Work) 6. - , 7. - 8. / 9. ( ) P.T.O. ECONOMICS ( ) PAPER-III - -III Note : This paper is of two hundred (200) marks containing four (4) sections. Candidates are required to attempt the questions contained in these sections according to the detailed instructions given therein. : (200) (4) D-0109 2 SECTION-I -I Note : Answer the five questions from the para given below. Each answer should not exceed 30 words. Each question carries five marks. (5 5 = 25 Marks) : (5) (30) (5) (5 5 = 25 ) In 1817 Ricardo published his Principles of Political Economy and Taxation , in which he presented the law of comparative advantage. According to the law of comparative advantage, even if one nation is less efficient than (has an absolute disadvantage with respect to) the other nation in the production of both commodities, there is still a basis for mutually beneficial trade. The first nation should specialise in the production of and export the commodity in which its absolute disadvantage is smaller (this is the commodity of its comparative advantage) and import the commodity in which its absolute disadvantage is greater (this is the commodity of its comparative disadvantage). Suppose U.K. has an absolute disadvantage in the production of both wheat and cloth with respect to the United States. Since U.K. labour is half as productive in cloth but six times less productive in wheat with respect to the United States, the United Kingdom has a comparative advantage in cloth. On the other hand, the United States has an absolute advantage in both wheat and cloth with respect to the United Kingdom, but since its absolute advantage is greater in wheat than in cloth, the United States has a comparative advantage in wheat. There are many exceptions to the law of comparative advantage. The theory of comparative advantage need not be based on the labour theory of value but can be explained on the basis of the opportunity cost theory (which is acceptable). It was left for Haberler in 1936 to explain or base the theory of comparative advantage on the opportunity cost theory. D-0109 3 P.T.O. 1817 , , , , , ( - ), - ( ), - ( - ) , . . . . . - , . . . , . . : , , . . . . , , . . , , ( ) 1936 , 1. Explain the law of comparative costs. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 4 2. How do you explain U.K s absolute advantage in the production of both commodities ? . . ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 3. What are the exceptions of the law of comparative cost ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 5 P.T.O. 4. How do you explain the gains from trade ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 5. How do you explain comparative advantage theory on the basis of opportunity cost theory ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 6 SECTION-II -II Note : This part has fifteen (15) definitional questions of five (5) marks each to be answered in upto thirty (30) words. (15 5 = 75 Marks) : (15) (5) (30) (15 5 = 75 ) 6. Define the Neumann-Morgenstern (N-M) utility index. - (N-M) _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 7 P.T.O. 7. What is meant by Pareto Optimality ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 8. Explain the concept of Aggregate Demand. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 8 9. What does Fleming-Mundell open economy model explain ? - ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 10. Distinguish between disembodied technical progress and embodied technical progress. - _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 9 P.T.O. 11. Explain the labour-supply function as given in Ranis-Fei model. - - _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 12. Explain Wagner s law of public expenditure. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 10 13. Distinguish between Multilateral Trade Agreements and Plurilateral Trade Agreements. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 14. What do you mean by an Expansionary Monetary Policy ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 11 P.T.O. 15. List the major implications of economic reforms for industrial growth in India. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 16. Differentiate between gross and net reproduction rate of population. _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 12 17. How microplanning for environment leads to eco-preservation ? - ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 18. What are the main causes of regional disparities in Indian agriculture ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 13 P.T.O. 19. What is meant by level of significance ? ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 20. Point out the difference between static input-output and dynamic input-output models. - - _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 14 SECTION-III -III Note : This Section has five (5) short-essay type questions of twelve (12) marks each to be answered in upto (200) words. The candidate may select one elective and answer all five (5) questions. (5 12 = 60 Marks) : - (12-12) (5) - (200) (5) (5 12 = 60 ) Elective-I -I 21. State and explain the properties of Least Square Estimation as given in the GaussMarkow Theorem . - 22. Discuss the nature of heterosedasticity. What are its consequences and remedial measures ? ? 23. Develop a simultaneous equation model for the supply of and demand for doctors in India. Specify the endogenous and exogenous variables in the model. - - D-0109 15 P.T.O. 24. What are the different models of Time Series ? Explain any one of them in detail. - ? 25. Show that the simple regression line of y against x coincides with the simple regression line of x against y if and only if x2 = 1. x y , y x x2 = 1 OR / Elective-II -II 21. Derive the demand curve for a Giffen good by using the indifference curve analysis. 22. Discuss Chamberlin s solution for the problem of profit-maximisation under nonprice competition. - - 23. Why does Knife-edge problem arise in Harrod-Domar model ? How has this problem been circumvented in the subsequent growth analysis ? - - ? ? 24. What is meant by dynamic multiplier ? In what why is it different from static multiplier ? ? ? 25. Discuss Kaldor s model of economic growth. OR / D-0109 16 Elective-III -III 21. Discuss the factors responsible for the rise and fall of the Bretton Woods system. 22. Explain multilateral trade agreements regarding Trade Related Investment Measures (TRIMs), Trade Related Intellectual Property Rights (TRIPs) and anti-dumping. (TRIMs) (TRIPs) 23. What do you mean by regional trading blocks ? Explain the impact of regional economic groupings on trade prospects of developing economies. ? 24. Discuss the international debt problem of the developing economies in 1980s. Explain the factors responsible for the rise of the said problem. 1980 25. Distinguish between Spot and Forward Exchange markets. Explain Interest Arbitrage and the efficiency of Foreign Exchange Markets . - OR / D-0109 17 P.T.O. Elective-IV -IV 21. Discuss the productivity trends in major food grain crops in India after the introduction of economic reforms. Explain the factors that account for these trends. 22. What are the factors responsible for instability of farm incomes in India ? What corrective measures, in your opinion, can be adopted to this effect ? ? , ? 23. Discuss the factors that account for rural-urban and rural-rural migration of workers in India. Should the ongoing trends to this effect be reversed ? Elaborate. - - ? ? 24. Explain the structure of agricultural credit in India. Critically examine the institutional flow of credit to the agricultural sector in India. 25. Discuss the implications of Multilateral Trade Agreements in agriculture for the farm economy of India. OR / D-0109 18 Elective-V -V 21. Discuss the relevance of economic planning in India in the post-reform era. , 22. Discuss the trends of poverty in India during the post-reforms period. Is the existing poverty alleviation strategy effective ? Elaborate. ? 23. How has the process of globalization impacted the growth of industrial sector in India ? Elucidate. - ? 24. What is meant by women empowerment ? Discuss the significance of women empowerment in the context of a developing economy like India. ? 25. Describe the major changes as have been brought about in Fiscal Policy in India in the post-reform period. Are these changes in the right direction ? , - , ? D-0109 19 P.T.O. SECTION-IV -IV Note : This part has one question of forty (40) marks to be answered in upto 1000 words. : (40) (1000) (1 40 = 40 Marks) 26. Explain the relationship between population, poverty and environmental degradation with special reference to India. What are the measures taken in India for environmental protection and preservation ? (20, 20) , , ? OR/ Explain the Agreement on Agriculture (AOA) of WTO. How does it affect India s agricultural sector ? Do you find any opportunities available to Indian agriculture under the WTO regime ? (10, 20, 10) WTO (AOA) ? WTO ? _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ D-0109 30

Formatting page ...

Additional Info : Ugc Net December 2009 Question Paper - Economics Paper III
Tags : cbse ugc net question papers, UGC NET Solved Sample Question Paper, UGC NET Exam Papers, ugc net past question papers, ugc net syllabus, ugc net specimen, ugc net study material, UGC NET Study Materials FREE, UGC NET Exam Pattern, Free Ugc Net Online Practice Tests, ugc net previous question papers, central board of secondary education,

ugc_net chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: