← All questionsGS3 · 2015 · Indian Economy ·Gold Monetisation & Balance of Payments
QUESTION 2
GS3
12.5 marks

Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme.

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9 min
200 words
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What the examiner wants

Examine the exact proposition in the PYQ — “Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme.” — using concept/chronology or mechanism, evidence on both sides where relevant, and a conclusion that answers the directive rather than merely describing Gold Monetization / BoP.

ExamineGo into the details, test each point against evidence, and conclude on what it shows.

Demand-wise check

  1. 1For the prompt cue ‘Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and externa’, directly answer: Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee≈45 words
  2. 2For the prompt cue ‘Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and externa’, directly answer: In view of this, examine the merits of the Gold Monetization Scheme≈45 words
  3. 3For the prompt cue ‘Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of’, add one verified official-source anchor and a limitation/counterpoint specific to Gold Monetization / BoP≈45 words

Open in about 30 words and close in about 30.

Answer plan

Define/contextualise Gold Monetization / BoPExplain mechanism/chronologyQuestion-specific evidence/examplesImplicationsConcise conclusion

Where marks usually go

  • For the prompt cue ‘Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments a’, avoid a generic note on Gold Monetization / BoP; answer the actual wording/directive and the Gold Monetization / BoP proposition
  • For the prompt cue ‘Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments a’, do not add examples around Gold Monetization / BoP unless they prove, qualify or rebut the proposition asked

Value addition

  • 3-box flow: concept/context → core argument/evidence → implication/way forward
    → Draw it in the body, next to the point it supports.

Official source anchors

These are authoritative sources selected for this exact PYQ. Where a card is an official-domain anchor rather than a fact-level citation, verify the precise provision, definition or data point on the linked source before using it.