PUNJAB PUBLIC SERVICE COMMISSION
COMBINED COMPETITIVE EXAMINATION FOR RECRUITMENT TO THE
POSTS OF PROVINCIAL MANAGEMENT SERVICE, ETC. (BS-17) – 2015
SUBJECT: ECONOMICS (PAPER-II)
TIME ALLOWED: THREE HOURS MAXIMUM MARKS: 100
Note: Attempt THREE questions from Section-A and TWO questions from Section-B. All questions carry equal marks.
Q.1. What is Trade Cycle? Explain its Phases Characteristics and measures to control Trade Cycle.
Q.2. Differentiate between Marginal Efficiency of Capital (MEC) and Marginal Efficiency of Investment (MEI). Explain the factors for the determination of MEC.
Q.3. In what respect Keynes Theory of Income and Employment differs from Classical Theory of Income and Employment? Explain.
Q.4. What is Fiscal Policy? Write in details the Objective and tools of Fiscal Policy.
Q.5. Differentiate between Economic Development and Economic Growth. Explain the methods for the measurement of Economic Development.
Q.6. Explain the Importance and Problems of Industries in Pakistan.
Q.7. What is World Trade Organization (WTO)? Explain its functions and Impact on Pakistan.