Economics Paper II Past Paper 2011

Parts split every question in the Economics Paper II past paper 2011. Q.2 defines economic development and traces how the definition changed over time. Q.3 calls trade an engine of growth and tests liberalization against Pakistan’s export record. Q.4 lists the sources of agricultural growth in Pakistan and asks what happened to them over time. Q.5 lists the sources of industrial growth and names the obstacles in its path. Q.6 discusses foreign debt, its implications, and the way out of a debt trap. Q.7 lists three ways to measure poverty and applies the best one to Pakistan. Q.8 closes with the parts of Pakistan’s recent fiscal policy and its contribution to the economy. 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 — (a) Define Economic Development and state that how this definition has changed over time? (15)
(b) In the light of (a) above, how the scope of Development Economics has changed? (05) (20)

Q.3 — (a) Explain why trade is considered as “engine of growth”? (10)
(b) Did liberalization lead to improve our exports? Explain with the help of Pakistan’s competitiveness (say Revealed comparative advantage) . (10) (20)

Q.4 — (a) Evaluate and point out major sources of agricultural growth in Pakistan? (10)
(b) What happened to these variables of growth over the time? (You must provide empirical evidence for your arguments). (10) (20)

Q.5 — (a) Discuss major sources of industrial growth in Pakistan. (10)
(b) Point out major obstacles in its growth. (10) (20)

Q.6 — (a) Discuss the role of foreign debt and its implications. (10)
(b) How can we get out of debt trap? (10) (20)

Q.7 — (a) Point out three major approaches to measure poverty and analyze poverty problem in Pakistan, with respect to the best approach you have described? (15)
(b) Describe A. K. Sin’s contribution to measure Poverty. (05) (20)

Q.8 — (a) Briefly discuss major components of recent fiscal policy being followed in Pakistan. (10)
(b) Analyze its contribution to improve the economy. (10) (20)

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Economics Paper II Past Paper 2012 · All Economics Past Papers · Economics Paper II Past Paper 2010