TKN/KS/16/5263

pe

rs

.in

Master of Arts (Part—I) Semester—II (C.B.S.) Examination ECONOMICS Optional Paper—XII — Group—C (Welfare Economics) Time : Three Hours] [Maximum Marks : 80 N.B. :— (1) Attempt ALL the questions. (2) All questions carry equal marks.

ik sh a

pa

1.

welfare. What are its limitations ? OR Explain Hicksian measure of consumer’s surplus under : (a) the quantity compensating variation

ar .p w w w

Explain the Bentham’s criterion of measuring social

(b) the price compensating variation. 2.

What is Pareto principle ? Discuss its strengths and limitations as value judgement in social decisionmaking. OR What is Kaldor and Hicks’ compensation principle ? How is it used to resolve Pareto non-comparability ?

MXP-P—4177

1

(Contd.)

4.

lwpuk % — (1) loZ iz’u lksMok(2) loZ iz’ukauk leku xq.k vkgsr1.

lkekftd dY;k.k eki.kkpk csUFkepk ekinaM Li"V djkR;kP;k e;kZnk dk; vkgsr \ fdaok

5.

pe

rs

miHkksDrk larks"kkf/kD;kps fgDlps eki.k [kkyhy ifjfLFkrhr Li"V djk %

iWjsVks rÙo dk; vkgs \ lkekftd fu.kZ; fØ;sr ewY; fu.kZ;kP;k Lo:ikr R;kaph cyLFkkus o e;kZnkaph ppkZ djk-

ik sh a

2.

pa

(v) ek=k {kfriwrhZ cny (c ) fdaer {kfriwrhZ cny-

fdaok

¼fgUnh ekè;e½

.p

ar

dkWYMkWj vkf.k fgDlps {kfriwfrZ rÙo dk; vkgs \ iWjsVks vrqyu{kerk lksMo.;klkBh rs dls mi;ksxkr ;srs \ fdaok Vhik fygk % (v) fLdVksOgLdh nqgsjh ekin.M

w w

cxZluP;k lkekftd dY;k.k Qyukps VhdkRed ijh{k.k djk-

w

3.

(c ) lWE;qvylupk mi;ksfxrk laHkkO;rk oØ-

MXP-P—4177

3

(Contd.)

lkekftd vkf.k [kktxh O;; o izkIrh e/khy fopyukph dkj.ks Li"V djk- R;krhy fopyus nwj dj.;klkBh mik; lwpokfdaok Vhik fygk % (v) ckgî ferO;;rk vkf.k vferO;;rk (c ) xfrf’ky dY;k.kdkjh vFkZ’kkL=[kkyhy iz’ukaph laf{kIr mÙkjs fygk % (v) dY;k.k egÙkeh dj.kkrhy vMFkGs lkaxk(c ) vf}rh; lkekftd ;qDrrerk Eg.kts dk; \ (d ) vWjksP;k v’kD;rk izes;kph x‘ghrs lkaxk(M) vkn’kZ mRiknukph ihxwph ladYiuk Li"V djk-

.in

¼ejkBh ekè;e½

1.

lwpuk % — (1) lHkh iz’u gy dhft;sA (2) lHkh iz’uksa ds vad leku gSaA lkekftd dY;k.k dk csUFke dk ekin.M Li"V dhft;sA mldh lhek,a D;k gSa \ vFkok miHkksDrk vkf/kD; dk fgDl dk ekiu fuEu ifjfLFkfr;ksa esa Li"V dhft;s % (v) ek=k {kfriwfrZ ifjorZu (c ) dher {kfriwfrZ ifjorZuA

MXP-P—4177

4

(Contd.)

2.

Critically examine the Bergson’s social welfare function. OR Write notes on : (a) Scitovsky double criteria (b) Samuelson’s utility possibility curve. Explain the causes of divergence between social and

rs

4.

3.

pe

private costs and returns. Suggest measures to remove the divergence in it.

pa

OR

ik sh a

Write notes on : (a) External economies and diseconomies

4.

ar

(b) Dynamic welfare economics. Write short answers of the following :

.p

5.

w w

(a) State the obstacles in welfare maximisation. (b) What is unique social optima ?

w

(c) State the assumptions of Arrow’s impossibility theorem.

(d) Explain the Pigou’s concept of ideal output.

MXP-P—4177

2

iWjsVks rÙo ls D;k vfHkizk; gS \ lkekftd fu.kZ; fØ;k eas ewY; fu.kZ; ds :i esa bldh etcwfr;kas ,oa lhekvksa dh ppkZ dhft;sA vFkok dkYMksj vkSj fgDl dk {kfriwfrZ rÙo D;k gS \ iWjsVks vrqyu {kerk gy djus esa ;g dSls mi;ksx esa vkrs gSa \ cxZlu ds lkekftd dY;k.k Qyu dk vkykspukRed ijh{k.k dhft;sA vFkok fVIif.k;ka fyf[k;s % (v) fLdVksOgLdh nksgjk ekin.M (c ) lWE;qvylu dk mi;ksfxrk laHkkouk oØA lkekftd rFkk futh O;; vkSj izkfIr esa fopyu ds dkj.k Li"V dhft;sA muds chp dh fopyu dks nwj djus ds fy, mik; lq>kb;sA vFkok fVIif.k;ka fyf[k;s % (v) cká ferO;;rk,a vkSj vferO;;rk,a (c ) izkoSfxd dY;k.kdkjh vFkZ’kkL=A fuEufyf[kr iz’uksa ds mÙkj la{ksi esa fyf[k;s % (v) dY;k.k vf/kdrehdj.k esa vkus okyh #dkoVsa crkb;sA (c ) vf}rh; lkekftd b"Vrerk ls D;k vfHkizk; gS \ (d ) vWjks ds vlaHkork izes; dh ekU;rk,a crkb;sA (M) vkn’kZ mRiknu dh ihxw dh ladYiuk Li"V dhft;sA

.in

3.

(Contd.)

5.

MXP-P—4177

5

825