BALOCHISTAN PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION 2021
FOR RECRUITMENT TO THE POSTS OF
ASSISTANT COMMISSIONER/SECTION OFFICER (B-17)
IN THE SERVICES & GENERAL ADMINISTRATION DEPARTMENT
ECONOMICS
July 09, 2021
Total Marks 150
Time Allowed 03 Hours
NOTE
i Attempt any five questions, all questions carry equal marks
ii All the parts (if any) of each Question must be attempted at one place instead of at different places
iii Candidate must write Q No in the Answer Book in accordance with Q No in the Q Paper
iv No Page/Space be left blank between the answers All the blank pages of Answer Book must be crossed
v Extra attempt of any question or any part of the attempted question will not be considered
Q No 1 a Critically analyze Prof Adam Smith’s definition of Economics (20)
b Differentiate Equations and Identities (10)
Q No 2 a Explain the assumptions of, and exemptions to the Law of Supply? (20)
b Given QS = P^2 + 5P – 70 and QD = 410 – P, Find Equilibrium P and Equilibrium Q? (10)
Q No 3 a Why is Land important in Economics? What are its characteristics? (20)
b Discuss salient features of Economic survey of Pakistan for the fiscal year 2020-21? (10)
Q No 4 Describe Productivity of Capital? What factors influence it? (30)
Q No 5 Discuss the importance of the study of National Income? Which method of computing National Income do you prefer and why? (30)
Q No 6 Explain the concept of Economic Growth, what factors promote growth in an economy? (30)
Q No 7 Central Banks adopt various methods to control credit in an economy? Discuss in detail? (30)
Q No 8 a Banks play a vital role in today’s economy Explain features and kinds of banks? (15)
b Indirect Taxes, their advantages and disadvantages? (15)
Q No 9 What factors cause Dis-equilibrium in Balance of Payment of any country? What remedies do you suggest for this problem? (30)
Q No 10 a Write a note on Zakat? How does it remove the weaknesses of an economy? (20)
b Find the Mean and Variance for the Data 6,7,10,12,13,4,8,12 (10)
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