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Old Friday, October 17, 2014
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Default Economics - Faisalabad Re-Exam 2013

Federal Public Service Commission
Re-Examination of Competitive Examination

For Recruitment to Posts in BS-17 Under The
Federal Government, 2013
Economics


PAPER-I

TIME ALLOWED: 2 HOURS & 30 MINUTES ..............MAXIMUM MARKS:80

NOTE:
(iii) Attempt Only FOUR question from Part II. All questions carry EQUAL marks.
(iv) Extra attempt of any question or any part of the attempted question will not be considered.


Part-II

Q.No.2. Differentiate and explain between breakeven point shut down point under perfect compettion during short run period? Also show suitable diagrams.(20)

Q.No.3. In the face of a liquidity trap, which will be more successful-fiscal or monetary policy? Explain in detail. (20)

Q.No.4. How an unanticipated increase in money supply affects the output and price both in the short run and long run periods? Explain in detail. (20)

Q.No.5. Monetarists view is that “rapid inflation must be driven by high money growth”. Explain. (20)

Q.No.6. Saving and consumption decisions of households reflects a plan for an optimal consumption pattern over their lifetime, subject to the constraint of their resources. Explain in detail.(20)

Q.No.7. How a monopolist earn different prices in different markets, depending upon the elasticity of demand? Explain with suitable diagram.(20)

Q.No.8. When exchange rates are fixed and capital is perfectly mobile, will fiscal or monetary policy be more successful? Explain. (20)
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PAPER-II

TIME ALLOWED: 2 HOURS & 30 MINUTES ..............MAXIMUM MARKS:80
NOTE:
(iii) Attempt Only FOUR question from Part II. All questions carry EQUAL marks.
(iv) Extra attempt of any question or any part of the attempted question will not be considered.


Part-II

Q.No.2. Describe and discuss the common characteristics of the less developed economies. (20)

Q.No.3. Explain the concept of economic planning and critically evaluate planning experience of Pakistan.(20)

Q.No.4. Is rapid population growth a symptom rather than a cause of low national output and poor economic growth? Discuss. (20)

Q.No. 5. Describe and discuss the socio-economic factors causing low agricultural productivity in Pakistan and suggest policy measure to overcome these constraints. (20)

Q.No.6. Discuss the nexus between public investment in human capital and economic development in Pakistan. (20)

Q.No.7. What is entrepreneurship? Discuss the importance of private sector, especially the small and medium enterprises in spurring economic growth and tackling unemployment problem in Pakistan. (20)

Q.No.8. Write notes on any TWO of the following: (10 each) (20)
a) International Poverty line
b) Green Revolution in Pakistan
c) Nominal GDP per capita versus PPP per capita.
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