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PPSC · PMS Punjab 2021

Economics, Paper II

100 marks · 3 hours · 8 questions
This paper Economics · all yearsQ. 1 · Write a note on the…Q. 2 · Explain any TWO of the…Q. 3 · Give an example of how…Q. 4 · Explain the permanent-income hypothesis. Why…Q. 5 · What are causes of industrial…Q. 6 · Presently Pakistan is under severe…Q. 7 · Write a note on the…Q. 8 · Explain causes of energy crisis…With this paper← 20212022 →
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Section A

Q. 1

Write a note on the following:

  1. (i)Keynesian absolute income hypothesis [10]
  2. (ii)Life cycle hypothesis [10]
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Q. 2

Explain any TWO of the followings:

  1. (i)Liquidity preference theory [10]
  2. (ii)Balance budget multiplier [10]
  3. (iii)Purchasing Power Parity theory [10]
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Q. 3

Give an example of how the government might hurt young generations, even while reducing the government debt they inherit?

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Q. 4

Explain the permanent-income hypothesis. Why changes in consumptions are unpredictable if consumers obey the permanent-income hypothesis and have rational expectation.

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Section B

Q. 5
  1. (a)What are causes of industrial backwardness in Pakistan? [10]
  2. (b)Suggest remedies to solve the problems faced by the industrialists in Pakistan. [10]
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Q. 6

Presently Pakistan is under severe internal and external debt burden. Discuss its causes and future consequences for Pakistan's development.

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Q. 7

Write a note on the following:

  1. (i)Pros and Cons of foreign aid [10]
  2. (ii)WTO and textile sector of Pakistan [10]
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Q. 8

Explain causes of energy crisis in Pakistan. Why energy crisis in Pakistan is not controlled?

(20)

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About this paper

The 2021 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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