CSS Economics Past Paper 2016

Instructions specific to this paper

• Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.

Questions

1. Q. 220 marks

   Explain and prove mathematically that marginal revenue is less than price in case of monopolistic market structure.

2. Q. 320 marks

   Explain diagrammatically, how an increase in price generates income and substitution effect for a normal good?

3. Q. 420 marks

   Explain the inflation and unemployment relationship for pre and post 70s market economy.

4. Q. 520 marks

   Deliberate on the various theories developed to study the price and money supply relationship

5. Q. 620 marks

   Discuss the evolution of international monetary systems adopted by the world economies.

6. Q. 720 marks

   Discuss the Rostow’s stage of growth with special reference to Pakistan

7. Q. 820 marks

   Differentiate between the following: (5 each) (a) Personal and disposable income (b) Net domestic and gross domestic product (c) Consumer price index and producer price index (d) Multiplier and accelerator

Standard FPSC instructions

Printed on this and every CSS paper.

• Part-II is to be attempted on the separate Answer Book.
• All the parts (if any) of each question must be attempted at one place instead of at different places.
• Write Q. No. in the Answer Book in accordance with Q. No. in the question paper.
• No page/space be left blank between the answers. All the blank pages of the Answer Book must be crossed.
• Extra attempt of any question or any part of the attempted question will not be considered.