CSS Economics Past Paper 2022

Instructions specific to this paper

• Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.
• Size distribution vs. functional distribution of income
• Privatization
• International trade and cartels

Questions

1. Q. 220 marks

   Differentiate among the own price elasticity, cross-price elasticity and income elasticity of demand. Explain the practical significance/uses of own price elasticity and income elasticity of demand.

2. Q. 320 marks

   What happens to interest rate if prices change along a given Aggregate Demand Schedule? Explain with the help of IS-LM model.

3. Q. 420 marks

   Discuss the significance of investment in human capital for economic development in Pakistan. How the brain drain from a developing country retards the process of economic development?

4. Q. 520 marks

   Differentiate among the tax, fee and price. Express your views about tax collection to GDP ratio in Pakistan. Suggest measures to enhance and rationalize tax revenue in Pakistan.

5. Q. 620 marks

   State and explain the functions of a central bank. How successful the State bank of Pakistan has been in achieving its objectives over time? Discuss.

6. Q. 720 marks

   Specifically describe the types of inflation. Which type of inflation is the most disturbing in Pakistan? Suggest measures to address the identified inflation problem.

7. Q. 820 marks

   Write short notes on any two of the followings. (10 each) (i) Size distribution vs. functional distribution of income (ii) Privatization (iii) International trade and cartels

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.