(a)Define Economic Development and state that how this definition has changed over time? [15]
(b)In the light of (a) above, how the scope of Development Economics has changed? [5]
(15)
Q. 3
(a)Explain why trade is considered as “engine of growth”? [10]
(b)Did liberalization lead to improve our exports? Explain with the help of Pakistan's competitiveness (say Revealed comparative advantage) [10]
(10)
Q. 4
(a)Evaluate and point out major sources of agricultural growth in Pakistan? [10]
(b)What happened to these variables of growth over the time? (You must provide empirical evidence for your arguments). [10]
(10)
Q. 5
(a)Discuss major sources of industrial growth in Pakistan. [10]
(b)Point out major obstacles in its growth. [10]
(10)
Q. 6
(a)Discuss the role of foreign debt and its implications. [10]
(b)How can we get out of debt trap? [10]
(10)
Q. 7
(a)Point out three major approaches to measure poverty and analyze poverty problem in Pakistan, with respect to the best approach you have described? [15]
(b)Describe A. K. Sin's contribution to measure Poverty. [5]
(15)
Q. 8
(a)Briefly discuss major components of recent fiscal policy being followed in Pakistan. [10]
(b)Analyze its contribution to improve the economy. [10]
The 2011 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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