APSC Inspector of Statistics 2023: Inspector of Statistics (Advt. 04/2023), Economics

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                  ECONOMICS
 00404
                     Paper-III

                  Ftill Marks: LOO
                   Time:3 hours

    The figures in tte margin indimte futl mll;rks
                 for tle questions

Answer any ten questions out of the following :
                                           1Ox 1O= 10O


 1. What is meant by aggregate demand? How do
     classical economists explain that there would
     always be sufficient aggregate demand even
     when households have savings?             2+8=10

 2. Explain the concept of the inflationary gap.
    "Inflation widens inequalities among
    different sections of people." Critically
     discuss the statement.                    5+5:1O

     India today is on the threshold of having the
     largest population in the world. What are the
     advantages and disadvantages of it?       5+5=10

     Distinguish between devaluation and
     depriciation. How will devaluation or
     depriciation affect the balance of trade and
     the national economY?                     4+6=19


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12)                                                          (31

      Explain the objectives of the Orunodoi              L2" Critically discuss the importance of fiscal
      Scheme as launched by the Government                    discipline for an under-developed State like
      of, Assam on 2nd October, 2O2O. "Does                   Assam in view of the recent increase in
      Omnodoi Scheme able to fulfill its                      debt-GSDP ratio and deterioration in t]:e
      objectives or become a populist policy?"                deficit indicators.                            1CI

      Give your arguments.                 5+5=10
                                                          13. The nature of economic growth in India is
6. What is 'Act East Policy? How will it be                   termed as jobless growth. Do you agree with
   beneficial for the economy of North-East                   the view? Provide appropriate argumentS.    LO

   India?                               5+5=10
                                                                                    ***
7. Explain the concept of Human Development
   Index (HDI). Discuss critically its ability to
   give an appropriate picture of a country's
   development status.                        3+7=1O

8.    Dbfine substitution effect. Using the
      indifference curve with diagram, decompose
      the price effect of a commodity into incorne
      effect and substitution effect.          4+6:10

9. What are the m4jor challenges facing by the
   Indian agriculture in recent times? Discuss. 1O

10. What is demographic dividend? Discuss the
    problems faced by India to realize the
    demographic dividend.                 2+E*10

11"   "Investment in infrastructure is essential for
      more rapid and inclusive economic growth
      in North-East India." Do you agree with the
      statement? ExPlain"                            i0


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