Federal Public Service Commission (FPSC) Competitive Examination for Recruitment to BPS-17 Posts under the Federal Government
PAPER: ECONOMICS
Time Allowed: 3 Hours
PAPER-I (Subjective) 80 Marks
PART-II
Attempt ONLY FOUR questions from PART-II. (20×4)
Q. No. 2 How does the Indifference Approach to analyzing consumer demand avoid having to measure utility? Explain.
Q. No. 3 Explain the Lewis Model of Modern-Sector Growth in a Two-Sector Surplus-Labour Economy with graphical analysis.
Q. No. 4 What do you know about ‘Demand-Side’ Inflation and ‘Supply-Side’ Inflation? Explain with the help of graphs and briefly explicate the policies to tackle both sides of Inflation.
Q. No. 5 How does the IS-LM model allow equilibrium to be shown in both Goods and Money Markets simultaneously? Elucidate with graphs.
Q. No. 6 What is the concept of Public debt? Explain the dimensions for tackling the debt problems of developing countries like Pakistan.
Q. No. 7 Examine the causes of Balance of Payments problem under Fixed Exchange Rate in the short-run, keeping in view the New Classical and Keynesian Analyses.
Q. No. 8 Explicate the following briefly: (a) Difference between Development and Human Development (b) Difference between Income Inequality and Poverty (c) Sources of Government Revenue (d) Functions of Central Bank
PAPER-II (Subjective) 80 Marks
PART-II
Attempt ONLY FOUR questions from PART-II. (20×4)
Q. No. 2 Explain the characteristics of Less Developed Countries (LDCs) with particular reference to Pakistan.
Q. No. 3 Critically evaluate the economic planning strategy of Pakistan. What policy measures would you suggest for sound economic planning? Discuss.
Q. No. 4 Elaborate the difference between agricultural development and rural development. What are the limitations of agricultural and rural development policies of Pakistan? Discuss.
Q. No. 5 Explain the major monetary and fiscal measures taken in Pakistan for industrial development in the last 20 years.
Q. No. 6 Highlight and explain changes in the direction of trade in recent years. Also explain trends in exports and imports of Pakistan.
Q. No. 7 Delineate the difference among privatization, deregulation, and decentralization. Evaluate the experience of Pakistan in privatization.
Q. No. 8 Write short notes on TWO of the following: (a) Export-led Growth Strategy (b) Growth vs. Distribution (c) Energy Crisis in Pakistan
