Economics Paper II Past Paper 2017

Structure and policy fill the Economics Paper II past paper 2017. Q.2 lists the features of less developed countries with Pakistan in view. Q.3 judges Pakistan’s economic planning strategy and asks for better policy measures. Q.4 separates agricultural development from rural development and lists the limits of both policies. Q.5 lists the monetary and fiscal measures taken for industry over twenty years. Q.6 traces recent changes in the direction of Pakistan’s trade. Q.7 separates privatization, deregulation and decentralization and judges Pakistan’s record on all three. Q.8 closes with short notes on two listed topics. This file holds the Part-II sheet only.

What this paper contains

  • This file carries Part-II (the descriptive part) of the paper.
  • Part-II — attempt any FOUR questions from Q.2–Q.8; each question carries 20 marks (Part-I holds the 20 MCQs, per the printed header)

Part-II questions

Q.2 — Explain the characteristics of Less Developed Countries (LDCs) with particular reference to Pakistan. (20)

Q.3 — Critically evaluate the economic planning strategy of Pakistan. What policy measures would you suggest for sound economic planning? Discuss. (20)

Q.4 — Elaborate the difference between agricultural development and rural development. What are the limitations of agricultural and rural development policies of Pakistan? Discuss. (20)

Q.5 — Explain the major monetary and fiscal measures taken in Pakistan for industrial development for the last 20 years. (20)

Q.6 — Highlight and explain changes in direction of trade in recent years. Also explain trends in exports and imports of Pakistan. (20)

Q.7 — Delineate the difference among privatization, deregulation and decentralization. Evaluate the experience of Pakistan in privatization. (20)

Q.8 — Write short notes on TWO of the following: (10 each) (20)
(a) Export-led Growth Strategy
(b) Growth vs. Distribution
(c) Energy Crisis in Pakistan

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