Economics Punjab PMS Paper II 2019

PUNJAB PUBLIC SERVICE COMMISSION
COMBINED COMPETITIVE EXAMINATION FOR
RECRUITMENT TO THE POSTS OF
PROVINCIAL MANAGEMENT SERVICE-2019
SUBJECT: ECONOMICS (PAPER – II)
TIME ALLOWED THREE HOURS MAXIMUM MARKS: 100
NOTE: Attempt Any Five Questions in All at least Two from each Section. Attempt in Urdu or English.

SECTION-A
Q No. 1: Distinguished between GNP, NNP and GDP, Show how GNP is measured. (10 + 10 = 20 Marks)
Q No. 2: Explain how an Economy attains optimal stock of capital with the help of MEC and MEI. (20 Marks)
Q No. 3: Analytically discuss the role of marginal efficiency of capital as a determinant of investment and also discuss its calculation method. (8 + 12 = 20 Marks)
Q No. 4: Explain the following Concepts: (6 + 7 + 7 = 20 Marks)
(i) Stagflation (ii) Philips curve in short equilibrium (iii) GDP Deflator Vs Consumer price index

SECTION B
Q No. 5: How economics Development can be measured? Which method is better and why? (10+10 = 20 Marks)
Q No. 6: Discuss the functional relationship of WTO, Trade and globalization with special reference to Pakistan? (20 Marks)
Q No. 7: Do you think that monetary and fiscal policies can tackle the problem of unbalanced economic growth and Unemployment in Pakistan? (20 Marks)
Q No. 8: What is the Human Development Index? Why Pakistan is ranked so low in HDI. How this can be improved? (5 + 5 + 10 = 20 Marks)