Economics - Faisalabad Re-Exam 2013
 

[CENTER][CENTER][SIZE=2][B][COLOR=black][FONT=&quot]Federal Public Service Commission
Re-Examination of Competitive Examination[/FONT][/COLOR][/B][/SIZE]
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[SIZE=2][B][COLOR=black][FONT=&quot]For Recruitment to Posts in BS-17 Under The [/FONT][/COLOR][/B][/SIZE]
[CENTER][SIZE=3][B][COLOR=black][FONT=&quot][SIZE=2]Federal Government, 2013
[U]Economics [/U][/SIZE]
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[SIZE=3][B][COLOR=black][FONT=&quot]PAPER-I[/FONT][/COLOR][/B][/SIZE]

[B][COLOR=black][FONT=&quot] [SIZE=2][U]TIME ALLOWED: 2 HOURS & 30 MINUTES [/U][/SIZE][/FONT][/COLOR][/B][SIZE=2][B][U][COLOR=white][FONT=&quot]..............[/FONT][/COLOR][/U][/B][B][U][COLOR=black][FONT=&quot]MAXIMUM MARKS:80[/FONT][/COLOR][/U][/B][/SIZE][/CENTER]
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[B][COLOR=black][FONT=&quot]NOTE:[/FONT][/COLOR][/B][COLOR=black][FONT=&quot]
[B](iii) Attempt Only FOUR question from Part II. All questions carry EQUAL marks.[/B]
[B](iv) Extra attempt of any question or any part of the attempted question will not be considered.[/B][/FONT][/COLOR]

[CENTER][CENTER][SIZE=3][B][COLOR=black][FONT=&quot]Part-II

[/FONT][/COLOR][/B][/SIZE][LEFT] [B]Q.No.2.[/B] Differentiate and explain between breakeven point shut down point under perfect compettion during short run period? Also show suitable diagrams.[B](20)[/B]

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

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

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

[B]Q.No.6.[/B] 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.[B](20)[/B]

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

[B]Q.No.8.[/B] When exchange rates are fixed and capital is perfectly mobile, will fiscal or monetary policy be more successful? Explain. [B](20)[/B]
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[CENTER][SIZE=3][B][COLOR=black][FONT=&quot]PAPER-II[/FONT][/COLOR][/B][/SIZE]
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[CENTER][B][COLOR=black][FONT=&quot] [SIZE=2][U]TIME ALLOWED: 2 HOURS & 30 MINUTES [/U][/SIZE][/FONT][/COLOR][/B][SIZE=2][B][U][COLOR=white][FONT=&quot]..............[/FONT][/COLOR][/U][/B][B][U][COLOR=black][FONT=&quot]MAXIMUM MARKS:80[/FONT][/COLOR][/U][/B][/SIZE]
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[B][COLOR=black][FONT=&quot]NOTE:[/FONT][/COLOR][/B][COLOR=black][FONT=&quot]
[B](iii) Attempt Only FOUR question from Part II. All questions carry EQUAL marks.[/B]
[B](iv) Extra attempt of any question or any part of the attempted question will not be considered.[/B][/FONT][/COLOR]

[CENTER][SIZE=3][B][COLOR=black][FONT=&quot]Part-II[/FONT][/COLOR][/B][/SIZE]
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[B]Q.No.2.[/B] Describe and discuss the common characteristics of the less developed economies. [B](20)[/B]

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

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

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

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

[B]Q.No.7.[/B] 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. [B](20)[/B]

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