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Federal Public Service Commission FPSC CSS Economics Paper 2015

Federal Public Service Commission FPSC CSS Economics   Paper 2015

Paper – I (Subjective)

Q:2 Explain the equilibrium of firm and price fixation in Duoply when both firms have different elastic Average Revenue and Marginal Revenue curves. (20)

Q:3 Compare and contrast the equilibrium of the firm under perfect competition and monopolistic competition. (20)

Q:4 Explain as how new investment impact on national income under Multiplier effect? Illustrate with table and graph. (20)

Q:5 Explain as how the process of Creation of Credit Money is adopted in the banks? (20)

Q:6 Define monetary policy and explain its instruments which control inflation and deflation. (20)

Q:7 Why Micro and Macro Economics are prerequisite for complete Economic analysis? (20)

Q:8 Write notes on the following:
a- How would you identify the Supply Curve of the firm under Perfect competition in the long run? Explain with graph. (10)
b- Do you think that a Monopolistic firm can earn unlimited profit by maximizing the price? (10)

 

Paper – II (Subjective)

Q:2 How Lorenz Curve measures the poverty and income inequalities? Discuss critically. (20)

Q:3 “Economy without planning is like a ship having no destination.” Comment. (20)

Q:4 How agriculture development is based on ‘Green Revolution’? Discuss as how it brought revolutionary changes in agricultural development? (20)

Q:5 ‘Domestic resource development is a strategy of economic development’. Discuss as how industrial development is helpful to achieve that goal? (20)

Q:6 “Public sector enterprises are white elephant for the economy.” Discuss as how privatization can play a positive role to address this issue? (20)

Q:7 Do you think as how modern approach of economic development is in accordance with the human welfare? (20)

Q:8 Write notes on the following:
a- Poverty Line (6)
b- Basic need approach for poverty alleviation. (7)
c- Economic growth. (7)

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