Economics Paper II Past Paper 2020

Persistent problems run through the Economics Paper II past paper 2020. Q.2 justifies the sources of agricultural growth in theory and tests them. against Pakistan, then asks why the green revolution faded. Q.3 analyses Pakistan’s persistent trade deficit and asks for a policy to fix it. Q.4 names three economic issues behind the failure of fiscal policy to deliver sustainable growth and asks for fixes. Q.5 lists the sources of inflation in Pakistan and traces how policy managed them over three decades. Q.6 judges public and private investment in Pakistan against sustainable growth. Q.7 asks why world poverty lines fit Pakistan poorly and lists the lines that fit better. Q.8 closes with the case for and against public debt and the steps taken to manage it. 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 — Briefly explain theoretical justification for major sources of agriculture growth and analyze which of them are valid for Pakistan. Also state why green revolution did not continue to play its role in agriculture (20)

Q.3 — Pakistan has persistent trade deficit. Analyze this pattern and sources. Based upon your analysis, propose relevant and applicable policy for its improvement. (20)

Q.4 — Point out three major economic issues pertaining to the failure of fiscal policy to achieve sustainable economic growth in Pakistan. Propose appropriate measures to solve these issues. (20)

Q.5 — Point out major sources of inflation in Pakistan. Justify these sources empirically and discuss how this issue was managed in the last three decades. (20)

Q.6 — Briefly explain and critically evaluate the role of public and private investment in Pakistan. Also point out their role in achieving sustainable economic growth of Pakistan. (20)

Q.7 — Why internationally developed poverty lines may not be relevant to Pakistan. State poverty lines relevant to Pakistan and discuss its justifications and poverty trends in Pakistan. Also propose applicable policy measures to solve the issue. (20)

Q.8 — Theoretically justify the role of public debt, either to play positive or negative. Analyze its role in Pakistan. Also discuss steps taken to solve this problem. (20)

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