CSS 2021 Economics Combined Papers Past Paper

Paper details

Examination

CSS

Year

2021

Subject

Economics

Paper

Combined Papers

Subject type

Optional

Mode

Subjective

Questions recorded from this paper

These 12 question wordings are transcribed from CSS Vista’s structured Economics past-paper record for CSS 2021.

1. Q2 · Determination of market demand and supply i.e. concept of elasticity of Demand & SupplyElaborate the own-price, cross-price and income elasticity theoretically and (20) empirically. Also explain the relationship between own-price elasticity and the total revenue.
2. Q8 · Macro EconomicsWhat were the major macroeconomic consequences of COVID-19 Pandemic for the (20) economy of Pakistan? Suggest some realistic measures which can be adopted to tackle the issue.
3. Q3 · Public FinancingWhat are the three different approaches to measure the Gross Domestic Product (20) (GDP)? Discuss. Why should the three approaches yield the same result? Do you think one approach can be preferred over the other? Justify your arguments.
4. Q5 · Deficit financingExplain the macroeconomic outlook of economy of Pakistan and suggest any policy (20) framework for formulation of budget and reducing budget deficit.
5. Q6 · Foreign ExchangeDifferentiate between the exchange rate systems vis-à-vis fixed, flexible and managed (20) floating exchange rate system. Which regime is currently being pursued by Pakistan?
6. Q4 · International Monetary systemWhat are the functions of the International Monetary Fund (IMF)? What practices IMF (20) adopt in order to assist countries facing financial crisis? Evaluate the IMF lending to the developing countries with reference to Financial Action Task Force (FATF) status.
7. Q4 · Planning Experience of Pakistan: A critical evaluation of the strategy ofEvaluate the Theory of Vicious Circle of poverty. What are the factors necessary to (20) break through this circle in a developing country like Pakistan?
8. Q7 · Industrial Development in Pakistan: Early industrialization strategyHow has Arthur Lewis explained the emergences of industrial society from an (20) agrarian economy? Can this model be used to explain industrial development in Pakistan?
9. Q2 · Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’sWhat is meant by economic development? Compare and contrast various measures (20) of economic development.
10. Q5 · Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’sCompare and contrast the theories of balanced and unbalanced growth. Which of (20) these do you think better suit a developing country like Pakistan?
11. Q8 · Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’sWrite short notes on any TWO of the following:- (10 each) (20) (a) Population growth and economic development (b) Ehsaas Programs (c) Climate change and Food Security
12. Q3 · Energy Policy of PakistanCan Pakistan support indefinitely a set of loss-making public enterprises, both in the (20) energy sector and outside? Suggest and discuss policies for their restructuring and privatization.

Topic-wise Economics past-paper analysis.