CSS Economics Past Paper 2025

Instructions specific to this paper

• First attempt PART-I (MCQs) on separate OMR Answer Sheet which shall be taken back
• Overwriting/cutting of the options/answers will not be given credit.
• There is no negative marking. All MCQs must be attempted.
• Answers given anywhere else, other than OMR Answer Sheet, will not be considered.
• Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.

Questions

1. Q. 220 marks

   How can a consumer attain equilibrium under ordinal approach? Also explain the effects of changing income and prices on consumer’s equilibrium in case of normal and inferior commodities.

2. Q. 320 marks

   What are the different stages of production? Explain in the light of law of variable proportions using schedule and diagrams.

3. Q. 420 marks

   Explain circular flow of national income in two sector, three sector & four sector economy. Discuss the methods by which national income can be measured. Also explain advantages & shortcomings of each method.

4. Q. 520 marks

   Explain quantity theory of money (QTM) and elaborate significant ingredients for effective monetary policy to accelerate economic growth in developing countries.

5. Q. 620 marks

   Elaborate different canons of taxation. How these canons can be used optimally? Suggest some policy options to maximize tax revenue in a developing country like Pakistan.

6. Q. 720 marks

   Differentiate between economic growth and economic development by discussing traditional and modern measures of growth/development.

7. Q. 820 marks

   Write short notes on any FOUR of the following: (5 each) a. Accelerator Principle b. Price Discrimination c. Balance of Payments d. Human Development Index e. Public VS Private Goods

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.