FEDERAL PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION – 2023
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
Q2. What is a green revolution? How would you explain that it proved an engine of growth rather than development?
Q3. Explain the difference between growth and development.
Q4. Differentiate between appreciation and depreciation of the currency and how it affects trade/economy.
Q5. Explain the relationship between unemployment and inflation through the Philips curve.
Q6. Differentia between Absolute advantage and comparative advantage.
Q7. How comparative advantage becomes the basis of international trade between the two nations.
Q8. Write short notes on any two of the following:
a Globalization and economic growth and development
b Social media and its merits and demerits on Pakistan society and economy.
c Factor of productions and two sectors flow diagram of the economy
**********