FEDERAL PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION – 2021
FOR RECRUITMENT TO POST IN BS – 17
UNDER THE FEDERAL GOVERNMENT
ECONOMICS PAPER II
TIME ALLOWED: THREE HOURS
PART – I (MCQs): MAXIMUM 30 MINUTES
PART – I (MCQs): MAXIMUM MARKS = 20
PART – II MAXIMUM MARKS = 80
NOTE:
(i) Part – II is to be attempted on the separate Answer Book.
(ii) Attempt ONLY FOUR questions from PART – II. ALL questions carry EQUAL marks.
(iii) All the parts (if any) of each Question must be attempted at one place instead of at different places.
(iv) Candidate must write Q. No. in the Answer Book in Accordance with Q. No. in the Q. Paper.
(v) No Page / Space be left blank between the answers. All the blank pages of Answer Book must be crossed.
(iv) Extra attempt of any question or any part of the attempted question will not be considered.
PART-II
Q. No. 2. What is meant by economic development? Compare and contrast various measures of economic development. (20)
Q. No. 3. Can Pakistan support indefinitely a set of loss-making public enterprises, both in the energy sector and outside? Suggest any discuss policies for their restructuring and privatization. (20)
Q. No. 4. Evaluate the Theory of Vicious Circle of poverty. What are the factors necessary to break through this circle in a developing country like Pakistan? (20)
Q. No. 5. Compare and contrast the theories of balanced and unbalanced growth. Which of these do you think better suit a developing country like Pakistan? (20)
Q. No. 6. Describe and discuss the role of corruption and governance in the economic development of Pakistan. (20)
Q. No. 7. How has Arthur Lewis explained the emergence of industrial society from an agrarian economy? Can this model be used to explain industrial development in Pakistan? (20)
Q. No. 8. Write short notes on any TWO of the following: (10 marks each) (20)
(a) Population growth and economic development
(b) Ehsaas Programs
(c ) Climate change and food Security
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