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PPSC · PMS Punjab 2023

Economics, Paper II

100 marks · 3 hours · 8 questions
This paper Economics · all yearsQ. 1 · How will you measure the…Q. 2 · Why does aggregate demand curve…Q. 3 · In IS-LM model,Q. 4 · What is impact of an…Q. 5 · Explain the difference between economic…Q. 6 · Write notes on following:Q. 7 · Define monetary policy. How it…Q. 8 · What is meant by developing…With this paper← 2023
3 hours · questions hide until you reveal them

Section A

Q. 1

How will you measure the Gross Domestic Product of a country? What difficulties are involved in its measurement?

(20)
Q. 2
  1. (a)Why does aggregate demand curve slope downward? [10]
  2. (b)Give an example of a price that is sticky in the short run and flexible in the long run. [10]
(20)
Q. 3

In IS-LM model,

  1. (i)How fiscal policy shifts the IS curve? [10]
  2. (ii)How monetary policy shifts the LM curve? [10]
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Q. 4

What is impact of an increase in taxes on the interest rate, income, consumption and investment?

(20)

Section B

Q. 5
  1. (a)Explain the difference between economic development and economic growth. [10]
  2. (b)What are the obstacles to economic development? [10]
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Q. 6

Write notes on following:

  1. (i)Foreign direct investment [10]
  2. (ii)Issues in free flow of Trade under WTO [10]
(20)
Q. 7

Define monetary policy. How it can be used to promote economic growth of the country?

(20)
Q. 8

What is meant by developing countries? Explain the common characteristics of developing countries.

(20)

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About this paper

The 2023 PMS Punjab Economics paper set by the PPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.

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