Economics Paper II Past Paper 2018

Distribution, trade and reform shape the Economics Paper II past paper 2018. Q.2 names the causes of worsened income distribution over time. Q.3 gives views on trends in the balance of trade. Q.4 faces the fall in agriculture’s share of GDP and jobs in Pakistan. Q.5 examines the fiscal policy Pakistan adopted over time. Q.6 traces nationalization, denationalization and privatization in Pakistan. Q.7 names and ranks three factors that hold back economic progress in Pakistan. Q.8 closes with brief explanations of 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 — What are the causes of over time worsened income distribution in Pakistan? Give some practicable options to overcome poverty and income inequalities in the country. (20)

Q.3 — Express your views about trends in the balance of trade in Pakistan and factors affecting them. How the situation can be made favourable for Pakistan? (20)

Q.4 — Agriculture’s share in GDP and employment in Pakistan has reduced over time. Express your views about this decline in the light of the experience of some developed countries in the world. (20)

Q.5 — Critically examine the performance of fiscal policy adopted in Pakistan overtime. Express your views about the appropriateness of fiscal policy tools applied for the chosen fiscal policy. (20)

Q.6 — Specifically describe the history of nationalization, denationalization and privatization in Pakistan. Why denationalization of the nationalized organizations became inevitable in Pakistan? (20)

Q.7 — Identify and prioritize three factors hindering the economic progress in Pakistan. What measures would you propose for the sustainable growth of the economy? (20)

Q.8 — Briefly explain any TWO of the followings: (10 each) (20)
(a) Government Efforts to address Energy Crisis in Pakistan
(b) Scope of Import Substitution Strategy in Pakistan
(c) Climate Change Challenges for the economy of Pakistan

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