Economics Paper II Past Paper 2016

Sustainability and industry divide the Economics Paper II past paper 2016. Q.2 asks how development can last without degrading the environment. Q.3 judges the monetary and fiscal measures that promote agriculture in Pakistan. Q.4 compares import substitution with export-led policies for industry. Q.5 lists why Pakistan’s terms of trade worsened and how they can improve. Q.6 gives a full account of Pakistan’s privatization experience. Q.7 asks whether interest-free banking worked in Pakistan and lists its strengths and weaknesses. Q.8 closes with the energy crisis and asks how the shortage can end. 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 — Faster development leads to environmental degradation. Explain how development can be sustained without degrading the environment? (20)

Q.3 — Critically evaluate major monetary and fiscal measures taken in Pakistan to promote agriculture development. (20)

Q.4 — Critically evaluate import substitution and export led policies adopted in Pakistan for industrial development. (20)

Q.5 — Explain factors responsible for deterioration of terms of trade for Pakistan. How Pakistan can improve its terms of trade? (20)

Q.6 — Present a detailed account of Pakistan’s experience of privatization process. (20)

Q.7 — Has interest-free banking been successful in Pakistan? Highlight the weaknesses and strengths of interest-free banking in Pakistan. (20)

Q.8 — Energy crisis in Pakistan has slowed down the growth process in Pakistan. In your opinion, how the energy shortage can be overcome? (20)

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