IAS Mains Exam 2017: Economics Optional Paper 2

The question paper of IAS Mains Exam 2017 Economics Optional Paper 2 provided in this article will be very useful for the IAS aspirants who have set IAS Exam 2018 as their mission target. The IAS aspirants with Economics as an optional paper can get the idea and the pattern of the UPSC IAS Mains Exam 2018. Go through the complete paper here.


Created On: Nov 15, 2017 17:34 IST
Modified On: Nov 29, 2017 12:42 IST
IAS Mains Exam 2017 Economics Optional Paper 2
IAS Mains Exam 2017 Economics Optional Paper 2

It is much beneficial to study and solve the UPSC's previous year question papers of IAS Mains Exam. The IAS aspirants should make a strategy to attempt the questions asked in IAS Mains Exam and it will help them a lot to develop a better writing skills required in the IAS Exam.

IAS Mains Exam 2017: Economics Optional Paper 1

Here, we have provided Economics Optional Paper 2 of IAS Mains Exam 2017 and that should be solved by the IAS aspirants having economics as an optional paper in IAS Mains Exam.

UPSC IAS Mains Exam 2017

Economics Optional Paper 2

Total Marks: 250

Time: 3 Hours


1. Answer the following questions in about 150 words each.   10 x 5 = 50

1. (a) Would you advocate that the income of rich farmers should be taxed in India? Give reasons.   10

(b) "Subsidies are a source of inefficiency and corruption." Do you agree with the statement in the Indian context? Justify your answer       10

(c) What caused the problem of non-performing assets of Indian commercial banks and what cures are being suggested to solve the problem?     10

(d) What were the considerations underlying the initiation of the railways and the road transport system in India in the 19th century?   10

(e) Write a brief note on the state of manufacturing in India in the 18th century and the subsequent de-industrialisation.    10

2. (a) Discuss the manufacturing condition prevailed during pre-independence period. Do you feel that private sector did not come forward for investment due to fear of Nationalisation? Give reasons.    20

(b) Critically examine condition of Agriculture and rural economy during the pre independence era.             15

(c) Discuss the Wage-Goods model of development as given by C.N. Vakil and P.R. Bramhanand.     15

3. (a) Critically examine the difference between absolute poverty and relative poverty. Between the two which t appropriate? Give reasons.    20

(b) Explain the major tools for measuring inequality. Highlight the more appropriate method of measuring inequality.     15

(c) Examine the implication of Trade Related Intellectual Property Rights (TRIPS) on Indian Economy.    15

4 (a) What is 'Crony Capitalism’? Is it true that almost all Developing Countries are facing the threat of ‘Crony Capitalism’ in their development efforts?      20

(b) Examine the process of introducing and passing GST Bill in Parliament. How it helps in Fiscal Consolidation in the country?    15

(c) What were the major hurdles to development as experienced in India during first decade after independence? Discuss them and what steps were taken to remove them?    15


5. Answer the following questions in about 150 words each.   10 x 5 = 50

(a) “Partial Capital Account Convertibility cannot serve the purpose of integrating Indian Economy with World Economy”. Critically examine.     10

(b) Critically examine the salient features of Fiscal Responsibility Act.    10

(c) Examine the basic features of the National Food Security Act 2013.     10

(d) Bring out the salient features of New EXIM policy of Government of India.     10

(e) Write short notes on “Skill India’s and “Make in India”.    10

6. (a) Monetary Policy in India is often criticised as ineffective because large part of the country is not yet monetised. Do you agree with the view? Give reasons.     20

(b) Trace the development of Non Banking Financial Companies in India since the liberalisation era and comment on their impact on the effectiveness of the interest rate policies of the RBI.    15

(c) Explain how Railways played an important role in unifying the people of India during pre-independence period. 15

7. (a) During post-independence era India assigned the role of ‘Commanding Heights’ to the public undertakings. Should this policy be continued? Give reasons for your answer.    20

(b) Explain the contribution of’ V.K.R.V. Rao in the estimation of National Income.    15

(c) Critically examine the major changes in FDI policies of the Government of India since 1991.      15

8. (a) what are the basic features of new national rural employment guarantee scheme? What are the impediments in their implementation?     20

(b) “Agriculture Subsidy is both an Economic as well as Social issue, hence the Government finds it difficult to take a decisive decision”. Comment on the above statement.     15

(c) Discuss the changes in the sectoral composition of GDP in recent years.    15

UPSC IAS Main Exam 2017 Question Papers

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