Economics Paper II Past Paper 2019

Theories meet Pakistan in the Economics Paper II past paper 2019. Q.2 lists the features of the Nurkse, Ropan and Hirchman theories as the sheet names them and tests each against Pakistan. Q.3 examines the Lewis surplus labour model and asks whether it can start industrial development in Pakistan. Q.4 separates poverty from income inequality and asks how policy can ease both. Q.5 lists the types of inflation and asks how far policy should control it. Q.6 analyses the role of international trade in economic development. Q.7 examines the role of agriculture in economic development. Q.8 closes with the reasons for an adverse balance of trade. 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 — Describe the salient features of Nurkse, Ropan and Hirchman theories. Comment on the relevancy of each with reference to Pakistan? (20)

Q.3 — Critically examine the surplus labor model presented by Arthur Lewis. Can this model be used to initiate industrial development in Pakistan? (20)

Q.4 — Differentiate between the concepts of poverty and income inequality. How can public policy help in alleviating poverty and reducing inequality in a developing country like Pakistan? (20)

Q.5 — Explain various types of inflation. To what extent should it be controlled? How can fiscal and monetary policy measures help control inflation in Pakistan? (20)

Q.6 — Analyze the role of international trade in the economic development of Pakistan. How might WTO affect the terms of trade in an otherwise free economy? (20)

Q.7 — Examine the role of Agriculture Sector in the economic development of Pakistan. Should the country continue investing in it or there exist better options as alternate plans? (20)

Q.8 — What are the reasons for the adverse balance of trade in Pakistan? Suggest the possible measures to improve the balance of trade scenario of Pakistan. (20)

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