FEDERAL PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION-2024
FOR RECRUITMENT TO POSTS IN BS-17
UNDER THE FEDERAL GOVERNMENT
ECONOMICS, PAPER-II
TIME ALLOWED: THREE HOURS
PART-I(MCQS): MAXIMUM 30 MINUTES
PART-I (MCQS) MAXIMUM MARKS = 20
PART-II MAXIMUM MARKS = 80
NOTE:
- (i) Part-II is to be attempted on the separate Answer Book.
- (ii) Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.
- (iii) All the parts (if any) of each Question must be attempted at one place instead of at different places.
- (iv) Candidate must write Q. No. in the Answer Book in accordance with Q. No. in the Q.Paper.
- (v) No Page/Space be left blank between the answers. All the blank pages of Answer Book must be crossed.
- (vi) Extra attempt of any question or any part of the attempted question will not be considered.
PART-II
Q. No. 2.
Differentiate between the “Economic growth” and “Economic Development” Explain various measures of both. (20)
Q. No. 3.
During FY23, inflation in Pakistan has touched its highest peak over the 75 years. Describe in brief the factors behind this high inflation and explain the monetary and fiscal policy actions to improve upon the situation. (20)
Q. No. 4.
Pakistan Nationalization Act was promulgated in year 1972. Discuss its advantages and disadvantages on Pakistan Economy. (20)
Q. No. 5.
Pakistan has experienced “Green Revolution” in mid 1960s. What are the main determinants of Green Revolution? Explain the essential policy actions needed, if we want to revive again the “Green revolution” in Pakistan. (20)
Q. No. 6.
Describe in brief the IMF’s Financial Assistance program, its objectives and stringent conditionalities. Does it helpful in resolving the balance of payments problems and structural issues of a heavily indebted less developed countries like Pakistan? (20)
Q. No. 7.
According to the Labor Force Survey (LFS) 2020-21, overall employment to population ratio is 42.1 percent and this ratio is higher in male (64.1 percent) as compared to female (19.4 percent).
(i) Explain what are the main reasons behind the female low employment levels in Pakistan?
(ii) Suggest the policy actions and reforms to increase the female labor force participation in the economy. (20)
Q. No. 8.
Write a short note on any TWO of the following:- (10 each) (20)
- Cities are engine of economic growth
- Russia-Ukraine war and supply shocks
- Pakistan’s inefficient state-owned enterprises
**********
