Economics Paper I Past Paper 2009

Demand, markets and money fill the Economics Paper I past paper 2009. Q.2 examines elasticity of demand with reference to price. Q.3 sets perfect competition against monopoly and asks which form Pakistan follows. Q.4 explains the Keynesian consumption function with examples. Q.5 asks why people demand money and explains each motive. Q.6 tests the claim that consumer financing through the banking system is dangerous. Q.7 sets balance of trade against balance of payments. Q.8 closes on the link between economic growth and the growth of the banking system. The file on this page holds both parts of the paper, the MCQ sheet and the Part-II sheet.

What this paper contains

  • This file carries both parts of the paper: the Part-I MCQ sheet and the Part-II sheet.
  • Part-I (Q.1) — 20 MCQs on the separate Answer Sheet (20 marks)
  • Part-II — attempt any FOUR questions from Q.2–Q.8; each question carries 20 marks

Part-II questions

Q.2 — Critically examine the elasticity of demand with reference to Price of the commodity and Income of the consumer. (20)

Q.3 — Differentiate between Perfect Competition and Monopoly. Which one is followed by the real world? If not, then name the existing one. (20)

Q.4 — Explain the Keynesian Consumption Function with suitable examples. (20)

Q.5 — Why we demand for Money? Explain each one of them. (20)

Q.6 — It is said that “Consumer Financing through Banking system is dangerous”. Explain (20)

Q.7 — Differentiate between Balance of Trade and Balance of Payments with suitable examples. (20)

Q.8 — “Economic Growth is linked to the Development of Banking System.” Explain. (20)

Download Economics Paper I Past Paper 2009 (PDF)

All Economics Past Papers · Economics Paper I Past Paper 2010