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PPSC · PMS Punjab 2022

Economics, Paper II

100 marks · 3 hours · 8 questions
This paper Economics · all yearsQ. 1 · Differentiate the following concepts:Q. 2 · Explain unemployment, its different types…Q. 3 · Keeping in view the IS…Q. 4 · How does life - cycle…Q. 5 · What are the determinants of…Q. 6 · What is meant by devaluation?…Q. 7 · Is foreign debt good for…Q. 8 · Define inflation. Explain demand pull…With this paper← 20222023 →
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Section A

Q. 1

Differentiate the following concepts:

  1. (a)Gross national product and net national product [5]
  2. (b)Gross domestic Product and national income [5]
  3. (c)Personal income and disposable personal income [5]
  4. (d)Nominal and real GDP [5]
(20)
Q. 2

Explain unemployment, its different types and causes. Also explain the remedial measures of unemployment.

(20)
Q. 3

Keeping in view the IS - LM model, define

  1. (i)Why does the IS curve slope downward? [10]
  2. (ii)Why does the LM curve slope upward? [10]
(20)
Q. 4

How does life - cycle and permanent income hypotheses resolve the seemingly contradictory pieces of evidence regarding consumption behavior?

(20)

Section B

Q. 5

What are the determinants of economic development? How far do they exist in Pakistan?

(20)
Q. 6

What is meant by devaluation? Discuss the impact of devaluation of currency on the economy of Pakistan.

(20)
Q. 7

Is foreign debt good for Pakistan? Discuss the associated advantages and disadvantages.

(20)
Q. 8

Define inflation. Explain demand pull inflation and cost push inflation with the help of diagram.

(20)

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About this paper

The 2022 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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