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Old Friday, January 11, 2013
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KHYBER PUKHTOON KHWA PUBLIC SERVICE COMMISSION,PESHAWAR

SUBJECT:- COMPETITIVE EXAMINATION FOR THE POST OF PROVINCIAL MANAGEMENT SERVICE (BPS-17)


Economics Paper-I



Time allowed: 3 hours
Max marks:100


Note:Attempt any Five Questions.


Q.1 Distinguish between the total utility and the marginal utility. Show that total utility is maximum when marginal utility is zero?

Q.2 State and explain the law of variable proportions with the help of schedule and diagram.

Q.3 Illustrate graphically Sweezy's kinked demand curved theory of rigidity and oligopoly. Are prices in oligopoly really sticky?

Q.4 What is National Income? Explain different concepts of National Income.

Q.5 What is meant by balance of payments? How would you correct an adverse BOP of a country?

Q.6 What is money?What are its functions?

Q.7 Define the concept and methods of deficit financing. What are the reasons of deficit financing in Pakistan?

Q.8 What is the equation of exchange and the velocity of circulation? What assumptions are necessary to make the equation of exchange the quantity theory of money?
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Old Friday, January 11, 2013
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KHYBER PUKHTOON KHWA PUBLIC SERVICE COMMISSION,PESHAWAR

SUBJECT:- COMPETITIVE EXAMINATION FOR THE POST OF PROVINCIAL MANAGEMENT SERVICE (BPS-17)


Economics Paper-II



Time allowed: 3 hours
Max marks:100


Note:Attempt any Five Questions.



Q.1 Define the concept of under development? Discuss the common characteristics of developing countries like Pakistan?

Q.2 Explain the historical overview of economic planning in Pakistan.

Q.3 What is cooperative farming? Explain the advantages and causes of failure of cooperative farming in Pakistan?

Q.4 Differentiate absolute and relative poverty. How it can be measured by basic needs approach?

Q.5 Explain the role of foreign trade in economic development. What are the major imports and exports of Pakistan?

Q.6 Explain the role of industrialization for economic development of a developing country.

Q.7 Discuss merits and demerits of privatization policy in Pakistan?

Q.8 Discuss the cost and benefits of foreign aid with special reference to Pakistan.
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