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C-DRN-N-GDPA, atgrea / ECONOMICS ‘wea-ua I/ Paper I Arata aa: ta a rhea 37%: 250} Time allowed : Three Hours’ Maximum Marks : 250} wercra & fie Re aga rer sen a a 29 8 kPa ogee es E ? a ara ven Eh ah eh Ree & 0h ot tae 0 BY wtherel ah get oe we eH E 1 sven ais 1 at 5 arttard 8 aa hy ari ses wore ea eT a fl a ead ee | rds sean ss sa aad 7G BY weal & at set area, 3 ra a} he Rca ae sats een fey eB, ath a ea or ee BT BETA TeR (AR) fa & 5-year PAR at we Rs aT aR 1 ara een sh =e ‘sah area ed 1a Be HE aE A | wed eg ai, ye FARR @, 7 egre ae sR | sas | Pace, sett, Ha 29 fag AR are eter wT Bar weit arg ae 1 Ar AL, ee Ta ae ae Fee: fT aT BP 1 rere GT TCA BIRT ET ET TS HT wD Bw Bw I AAT TR | Question Paper Specific Instructions Please read each of the following instructions carefully before attempting questions : There are EIGHT questions divided in TWO SECTIONS and printed both in HINDI and in ENGLISH. Candidate has to attempt FIVE questions in all. Questions no. 1 and &-are compulsory and out of the remaining, THREE are to be attempted choosing at least ONE from each section. ‘The number of marks carried by & question [ part is indicated against it Answers must be written in the medium authorized in the Admission Certificate which must be stated clearly on the cover of this Question-cum-Answer (QCA) Booklet in the space provided. No |__ marks will be given for answers written in a medium other than the authorized one, Word limit in questions, wherever specified, should be adhered to Graph illustrations, wherever required, may be drawn given in the space provided for answering the question itself. . “Attempts of questions shall be counted in chronological order..Unless struck off, attempt of ‘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 C-DRN-N-GDPA 1 WEA SECTION A Qi. Frater 48 wets an set eT 150 wet H Ae: Ansvier the following in about 160 words each : (@) ) © @ © Q2. (a) ) ‘afiggs win err % fare, eel fk sien (ofa) tra chet & dia wera aT team fre | Examine the relationship bebween own and cross price elasticities for a ‘compensated demand function. Tar TG A te Real a ere Rie Explain H-theory of money supply. opforen 4, aor ora Ht or ge 3 el, stiftes she aa aster sae sora & dha fatter Ae Differentiate between the complete, partial and zero crowding out effect of a given increase in government expenditure in an economy. ark ¥ areaaea & after ait saa a arvat Teed wa dat 87 sacar a ow 8 ara | ahem fie set wit atk a Mai ae A ait oeal dt What do you mean by existence and uniqueness of equilibrium in a market ? Examine these concepts in a market where both demand and supply curves are downward sloping. green & Rarer st eve =I | Explain the paradox of thrift. eae wis afta ener wena % regu (slate) wie K Tal Afare | aaeige Pe fr areca fora wea aie th yl al AT phe Fak ae 21 Discuss the cobweb model of dynamic equilibrium with lagged adjustment. Explain how the existence of a stable equilibrium depends on the nature of the demand and supply curves. “pranteat At ae 8 fs Soar ap A ET 8 atk renee A aT z A ag fraga at aeapt ad 8” ire ental ga aquiaa amr fara & od A acon war 8? “Monctarists are of the view that only money matters and Keynesians believe that money does not matter at all.” What is the reasoning behind these extreme views held by their protagonists ? C-DRN-N-GOPA 2 10x5=50. 10 10 10 10 10 20 20 © Q8. a) - ©) © Qt. @) @) ©) am at & eerie 8 an saga § 2 aa ania era & sree waned Pee FAR BUR S Caria Hawa wt STAT ey? What do you understand by shifting of a tax ? How does a monopolist succeed in shifting the burden of a tax under increasing marginal cost ? oital & mem @, wre sit ag stant &

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