Economics Paper II Past Paper 2021

Circles, growth and governance fill the Economics Paper II past paper 2021. Q.2 defines economic development and compares the ways to measure it. Q.3 asks whether Pakistan can carry loss-making public enterprises for good. Q.4 tests the vicious circle of poverty and asks what breaks it. Q.5 compares balanced and unbalanced growth and asks which suits a developing country like Pakistan. Q.6 discusses corruption and governance in economic development. Q.7 traces how Lewis explains the rise of industrial society from an agrarian economy. Q.8 closes with short notes on growth and development, on Ehsaas programmes, and on climate change and food security. 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 is meant by economic development? Compare and contrast various measures of economic development. (20)

Q.3 — Can Pakistan support indefinitely a set of loss-making public enterprises, both in the energy sector and outside? Suggest and discuss policies for their restructuring and privatization. (20)

Q.4 — Evaluate the Theory of Vicious Circle of poverty. What are the factors necessary to break through this circle in a developing country like Pakistan? (20)

Q.5 — Compare and contrast the theories of balanced and unbalanced growth. Which of these do you think better suit a developing country like Pakistan? (20)

Q.6 — Describe and discuss the role of corruption and governance in the economic development of Pakistan. (20)

Q.7 — How has Arthur Lewis explained the emergences of industrial society from an agrarian economy? Can this model be used to explain industrial development in Pakistan? (20)

Q.8 — Write short notes on any TWO of the following:- (10 each) (20)
(a) Population growth and economic development
(b) Ehsaas Programs
(c) Climate change and Food Security

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Economics Paper II Past Paper 2022 · All Economics Past Papers · Economics Paper II Past Paper 2020