Q. 2
Differentiate among the own price elasticity, cross-price elasticity and income elasticity of demand. Explain the practical significance/uses of own price elasticity and income elasticity of demand.
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FPSC · CSS 2022
Economics, Paper I
This paper
Economics · all yearsQ. 2 · Differentiate among the own price…Q. 3 · What happens to interest rate…Q. 4 · Discuss the significance of investment…Q. 5 · Differentiate among the tax, fee…Q. 6 · State and explain the functions…Q. 7 · Specifically describe the types of…Q. 8 · Write short notes on any…With this paper← 20212022 →3 hours · questions hide until you reveal them
Part II
Q. 3
What happens to interest rate if prices change along a given Aggregate Demand Schedule? Explain with the help of IS-LM model.
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Q. 4
Discuss the significance of investment in human capital for economic development in Pakistan. How the brain drain from a developing country retards the process of economic development?
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Q. 5
Differentiate among the tax, fee and price. Express your views about tax collection to GDP ratio in Pakistan. Suggest measures to enhance and rationalize tax revenue in Pakistan.
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Q. 6
State and explain the functions of a central bank. How successful the State bank of Pakistan has been in achieving its objectives over time? Discuss.
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Q. 7
Specifically describe the types of inflation. Which type of inflation is the most disturbing in Pakistan? Suggest measures to address the identified inflation problem.
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Q. 8
Write short notes on any two of the followings.
- (i)Size distribution vs. functional distribution of income
- (ii)Privatization
- (iii)International trade and cartels
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About this paper
The 2022 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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