Q. 2
What is Consumer's Equilibrium? How a consumer can be in equilibrium under Ordinal Approach?
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FPSC · CSS 2010
Economics, Paper I
This paper
Economics · all yearsQ. 2 · What is Consumer's Equilibrium? How…Q. 4 · What is National Income? Define…Q. 5 · What is the equation of…Q. 6 · Differentiate Balance of Payments and…Q. 7 · Explain the theory of comparative…Q. 8 · Define the concept and methods…With this paperPart-I MCQs20← 20092010 →3 hours · questions hide until you reveal them
Part II
Q. 4
What is National Income? Define and explain different concepts of National Income.
(20)
Q. 5
What is the equation of exchange and the velocity of circulation? What assumptions are necessary to make the equation of exchange the quantity theory of money?
(20)
Q. 6
Differentiate Balance of Payments and Balance of Trade. What are the transactions that are recorded in the current account and the capital account?
(20)
Q. 7
Explain the theory of comparative cost by David Ricardo.
(20)
Q. 8
Define the concept and methods of deficit financing. What are the reasons for deficit financing in Pakistan?
(20)
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The 2010 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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