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FPSC · CSS 2003

Economics, Paper I

100 marks · 3 hours · 7 questions
Practice 20 MCQs
This paper Economics · all yearsQ. 1 · Discuss which of the three…Q. 2 · Show and explain the conditions…Q. 3 · Explain how the modern theory…Q. 4 · Explain stagflation and give a…Q. 5 · It is desirable to have…Q. 6 · Critically examine the theory of…Q. 7 · Write notes on the followings:With this paperPart-I MCQs20← 20022003 →
3 hours · questions hide until you reveal them
Q. 1

Discuss which of the three approaches explain better consumer behaviour and why?

(20)
Q. 2

Show and explain the conditions of output maximization and cost minimization.

(20)
Q. 3

Explain how the modern theory of interest (IS – LM) model came into being and how is it different than the other theories?

(20)
Q. 4

Explain stagflation and give a viable strategy to overcome this phenomenon.

(20)
Q. 5

It is desirable to have a larger proportion of direct taxes in the taxation structure. Explain why? Also explain, why in a developing country like Pakistan, efforts to raise the share of direct taxes have not met with success.

(20)
Q. 6

Critically examine the theory of comparative cost.

(20)
Q. 7

Write notes on the followings:

  1. (i)Role of IMF and its impact on developing economies. [10]
  2. (ii)Government expenditure and economic development. [10]
(20)

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About this paper

The 2003 CSS Economics paper set by the FPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.

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