Economics Paper II Past Paper 2012

Poverty, planning and land fill the Economics Paper II past paper 2012, and this paper runs one question longer than the rest. Q.2 discusses the arbitrary poverty line and the basic needs approach to measuring poverty. Q.3 reads economic planning as steering an economy and tests the claim against Pakistan. Q.4 traces the grain revolution in Pakistan with examples from the economy. Q.5 judges land reforms against the goals of decentralization of wealth and income. Q.6 reads industrial development as domestic resource development that creates jobs. Q.7 tests the market-friendly approach and privatization as a path to prosperity. Q.8 separates economic development from economic growth and adds the modern concept of development. Q.9 closes with notes on migration outflows and on the balance of payments as a source of capital formation. This paper is one of only two in the cluster with a Q.9, so its range reads Q.2 to Q.9. 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.9; each question carries 20 marks (Part-I holds the 20 MCQs, per the printed header)

Part-II questions

Q.2 — Discuss Arbitrary poverty line. Also discuss as how poverty is measured with Basic Need Approach? (20)

Q.3 — Critically analyze the Economic Planning as a, “Steering” of the economy and without planning like a ship having no destination. Comment with reference to Pakistan. (20)

Q.4 — Discuss the evolutionary development of Grain Revolution in Pakistan. Comment with examples from the Pakistan economy. (20)

Q.5 — Keeping in view the Land Reforms in Pakistan, comment as how much these are significant to achieve the targets of decentralization of wealth and income inequalities. (20)

Q.6 — Analyze and comment Industrial Development as a domestic resource development and enhancement of absorption capacity for employment generation in Pakistan. (20)

Q.7 — Keeping in view the Market friendly approach of Economic Development, discuss the privatization a path to economic prosparity. (20)

Q.8 — Differenciate Economic Development and Economic Growth. Also discuss the Modern concept of Economic Development. (20)

Q.9 — Write notes on the following: (20)
(i) Migration out flows (10)
(ii) Balance of payment as source of capital formation (10)

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