SINDH PUBLIC SERVICE COMMISSION, HYDERABAD.
Combined Competitive Examination, 2021
Economics
(Paper-I)
Monday the 14th February, 2022.
Time: 02:00 pm to 05: 00 pm Maximum marks. 100
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Note Attempt any Five questions. All questions carry equal marks.
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Question No.
01 Explain price and output determination under monopoly. Why monopoly price is higher than perfect competition.
02 Explain the circular flow of national income in a Three Sector Economy.
03 Explain and draw IS-LM Curves to show general equilibrium in goods and money markets.
04 “Additional benefit that a person drives from given stock of anything diminishes with the growth of stock that he already has”. Please discuss.
05 Central Bank is responsible for financial stability of a country. Discuss.
06 Critically examine Ricardian’s theory of comparative advantage.
07 What are different instruments of credit control. Which one is more effective? Discuss.
08 Explain how equality of saving and investment brings equilibrium of national income. Explain with the help of a diagram.
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