Paper II Mcqs

1. Foreign aid comprises of:
a) Grants
b) Loans
c) Both (a) & (b)
d) None of these

2. Per capita income of Pakistan during the fiscal year 2011-12 was:
a) $ 1258
b) $ 1372
c) $ 1025
d) $ 1050
c) Both (a) & (b)
d) None of these

3. The GINI coefficient is measures of:
a) Inequality
b) Poverty
c) Growth
d) Development
e) None of these

4. During the last decade income inequality in rural areas of Pakistan has:
a) Increased
b) Decreased
Remained unchanged
d) None of these

5. The share of agriculture in GDP is:
a) 21%
b) 10%
c) 12%
d) 17%
e) None of these

6. During 1970's the planning was concerned to:
a) Industrial Planning
b) Export Promotion
c) Import Substitution
d) Structural Planning
e) None of these

7. National Saving as a percent of GDP during 2011-2012 was:
a) 10.7
b) 13.1
c) 9.5
d) 8.8
e) None of these

8. The growth rate of manufacture sector during 2011-12 was:
a) 1.7%
b) 4.1%
c) 5.2%
d) 3.6%
e) None of these

9. The best measure of economic development among following is:
a) NNP
b) HDI
c) GDP
d) All of these
e) None of these

10. The main objective of Monetary or fiscal policy is:
a) Economic stabilization
b) Efficiency
c) Both (a) & (b)
d) None of these

11. Direct taxes during 2011-12 was:
a) 37%
b) 63%
c) 15%
d) None of these

12. Public debt as a percent of GDP for 2011-12 was:
a) 58%
b) 65%
c) 50%
d) 45%
e) None of these

13. Govt. of Pakistan borrows from:
a) Internal sources
b) External sources
c) Pakistani banks
d) All of these
e) None of these

14. Growth rate of agriculture sector during 2011-12 was:
a) 3.1%
b) 5.4%
c) 2.9%
d) 2.1%
e) None of these

15. Nationalization of industries took place during the regime of:
a) Z.A Bhutto
b) Zia ul Haq
c) Ayub Khan
d) None of these

16. Development economics is concerned with:
a) Efficiency allocation of scare resources
b) Economic, social and political institutions
c) Imperfect resources and commodity markets
d) (a) and (b) only
e) None of these

17. The last land reforms in Pakistan were introduced in:
a) 1972
b) 1977
c) 1981
d) 1958
e) None of these

18. IMP advances loan for:
a) Construction
b) Balance of payment
c) Travelling
d) None of these

19.. Sixth five year plan covers the period:
a) 1965-70
b) 1960-65
c) 1988-93
d) 1983-88
e) None of these

20. The unemployment rate in Pakistan during 2010-11 was:
a) 7%
b) 5%
c) 3%
d) 6%
e) None of these

PAPER II

1. What is meant by economic development? Compare and contrast various measures of economic development?

2. Explain the concept of economic planning and critically evaluate the planning experience in Pakistan.

3. Define and discuss the role of human capital planning in the economic development of Pakistan.

4. Agricultural development is indispensable for industrial development in Pakistan. Discuss this statement.

5. Discuss the nexus between foreign trade and economic growth in Pakistan.

6. Define and discuss the role of FDI in the growth of private sector in Pakistan.

7. Write notes on any Two of the following.
a) Absolute and relative poverty
b) Farm size- Productivity relationship in Pakistan.
c) Growth and Income distribution.