CSS Economics Past Paper 2017

Instructions specific to this paper

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

Questions

1. Q. 220 marks

   How does the Indifference Approach to analyzing consumer demand avoid having to measure utility? Explain.

2. Q. 320 marks

   Explain the Lewis Model of Modern-Sector Growth in a Two-SectorSurplus- Labour Economy with graphical analysis.

3. Q. 420 marks

   What do you know about ‘Demand-Side’ Inflation and ‘Supply-Side’ Inflation? Explain with the help of graphs and briefly explicate the policies to tackle both sides Inflation.

4. Q. 520 marks

   How does the IS-LM model allow equilibrium to be shown in both Goods and Money Markets simultaneously? Elucidate with graphs.

5. Q. 620 marks

   What is the concept of Public debt? Explain the dimensions for tackling the debt problems of developing countries like Pakistan.

6. Q. 720 marks

   Examine the causes of Balance of Payments problem under Fixed Exchange Rate in short-run keeping in view the New Classical and Keynesian Analyses.

7. Q. 820 marks

   Explicate the following briefly: (5 each) (a) Difference between Development and Human Development (b) Difference between Income Inequality and Poverty (c) Sources of Government Revenue (d) Functions of Central Bank

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.