FEDERAL PUBLIC SERVICE COMMISSION COMPETITIVE EXAMINATION FOR RECRUITMENT TO POSTS IN BPS – 17 UNDER THE FEDERAL GOVERNMENT, 2002.
ECONOMICS, PAPER – II
TIME ALLOWED: THREE HOURS MAXIMUM MARKS:100
NOTE: Attempt FIVE questions in all, including question No. 8 which is COMPULSORY. All questions carry EQUAL marks.
1. Suggest ways to improve various economic and non-economic factors to ensure a persistent and appreciable economic growth rate in Pakistan, keeping in view inherent constraints/limitations.
2. Explain the structure of planning machinery in Pakistan .Point out vital deficiencies /predicaments and suggest remedial measures.
3. Elaborate the common social features of all the land reforms implemented in Pakistan. What were the socio-economic fall outs of these reforms?
4. The policy of “Financial Inequality” in the sixties transformed the economic structure and social order in Pakistan. Substantiate with facts and logical conclusion, whether you agree or otherwise.
5. Summarize various trends in the Balance of Payment of Pakistan right from inception. What is the present situation?
6. How can we enhance the industrial sector contribution to the GDP, realizing the fact that Pakistan is a capital scarce, highly populated country?
7. How would you evaluate the process of privatization in Pakistan? A success or a failure.
COMPULSORY QUESTION
8. Write only the correct answer in the Answer Book. Do not reproduce the questions.
(1) The real GDP growth was _________ in fiscal year 2001 – 2002.
(a) 3.4% (b) 3.6% (c) 3.8% (d) 4% (e) None of these
(2) The slower growth in real GDP over the last two years has been caused mainly by:
(a) Low investment (b) Continuation of catastrophic droughts (c) Decline in the contribution of services sector (d) Growth performance of many developed and emerging market economies. (e) None of these
(3) Population growth rate in Pakistan is:
(a) 2.2% (b) 2.4% (c) 2.6% (d) 2.8% (e) None of these
(4) More than half of the total FDI inflows in Pakistan is contributed by:
(a) USA (b) UK (c) Japan (d) UAE (e) None of these
(5) The national saving rate has increased by __________ percentage points of GDP since 1998 – 99.
(a) 2.7 (b) 3.7 (c) 4.7 (d) 5.7 (e) None of these
(6) The largest sector, attracting a big chunk of total foreign direct investment in Pakistan is:
(a) Trade, Transport and Communications. (b) Chemical and Pharmaceuticals (c) Oil and Gas and Power Sector (d) Electronics (e) None of these
(7) Global GDP approximates to:
(a) $ 10 trillion (b) $ 20 trillion (c) $ 30 trillion (d) $ 40 trillion (e) None of these
(8) Based on the requirements of 2150 calories, the Government of Pakistan has adopted the official poverty line in 1998 – 99 as ______ per capita per month.
(a) Rs. 450 (b) Rs. 550 (c) Rs. 600 (d) Rs. 650 (e) None of these
(9) Almost 40% of the CBR revenue originates from:
(a) Personal and corporate income (b) Imports (c) Wealth (d) Natural Gas & Petroleum (e) None of these
(10) Pakistan’s non-agricultural GDP in 2001 – 2002 was ______ that of last year figures.
(a) More than (b) Less than (c) Equal to
(11) According to the Budget estimate for the year 2002 – 2003, the appropriate ratio of Development expenditure to current expenditure is:
(a) 1:3 (b) 1:4 (c) 1:5 (d) 1:6 (e) None of these
(12) A commodity is considered to be a “luxury” of its income elasticity is:
(a) Equal to one (b) Greater than one (c) Less than one (d) Zero (e) None of these
(13) Value bonds fall when:
(a) Invest rate falls (b) Invest rate rises (c) Invest rate remains constant for long time (d) Invest rate fluctuates (e) None of these
(14) Monopolistic exploitation and monopolistic competition:
(a) Are the same (b) Latte results in the former (c) Former results in the latter (d) Former refers to higher prices and latter to differentiated products. (e) None of these
(15) Beside other instrument, the State Bank can change money stock by manipulating:
(a) The currency deposit ratio (b) The reserve deposit ratio (c) Market and discount rate (d) All of the above (e) None of the (a), (c) and (c)
(16) Pakistan is pursuing:
(a) Fixed exchange rate system (b) Flexible exchange rate system (c) Manages float through Banks (d) All of the above (e) None of the (a), (c) and (c)
(17) Monetary policy that results in lowering interests rate is:
(a) Contractionary (b) Expansionary (c) Moderate (d) Deflationary (e) None of these
(18) The Bonus Voucher or Export Bonus Scheme was introduced in the year:
(a) 1957 (b) 1958 (c) 1959 (d) 1960 (e) None of these
(19) The Bad luck factor responsible for poor performance of economy in 1970’s is:
(a) Massive floods and crops failure (b) Global Oil Crises (c) World recession following OPEC price rise (d) All of the above (e) None of the (a), (c) and (c)
(20) Although they never materialized, recommendations of the Muslim League Land Reform Committee were put forward in:
(a) 1947 (b) 1948 (c) 1952 (d) 1954 (e) None of these