CSS 2024 Economics Combined Papers Past Paper

Paper details

Examination

CSS

Year

2024

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 2024.

1. Q4 · MultiplierHow does the existence of money simplify the process of buying and selling? What is the (20) double-coincidence of wants? State and explain the concept of the money multiplier.
2. Q3 · InflationWhat is the Consumer Price Index (CPI)? How is it constructed, and how does it measure (20) inflation? Why is it so important to so many people in Pakistan today? What are some of its weaknesses?
3. Q5 · InflationWhich kind of monetary policy would you expect in response to high inflation: (20) expansionary or contractionary? Why? How might each of the following factors complicate the implementation of monetary policy: long and variable lags, excess reserves, and movements in velocity?
4. Q2 · Money Demand and SupplyWhy do economists use the ceteris paribus assumption? Many changes are affecting the (20) market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil. In each case, state how the event will affect the supply and demand diagram. Create a sketch of the diagram if necessary. a. Cars are becoming more fuel efficient, and therefore get more miles to the gallon. b. Landlords install additional insulation in buildings. c. The price of solar energy falls dramatically
5. Q6 · Foreign ExchangeHow can an unexpected fall in exchange rates injure the financial health of a nation’s banks? (20) What is the difference between a floating exchange rate, a soft peg, a hard peg, and dollarization?
6. Q7 · Economic DevelopmentWhat do you understand economic development to mean? Given the diversity of developing (20) countries, do you think that there could ever be a single, unified theory of development? Explain your answer.
7. Q8 · Economic DevelopmentWrite short notes on any two of the following: (10 each) (20) (a) Possibilities of export promotion in developing nations (b) Demographic transition (c) Environmental Sustainability with special reference to developing countries Roll Number
8. Q6 · Balance of PaymentsDescribe in brief the IMF’s Financial Assistance program, its objectives and (20) stringent conditionalities. Does it helpful in resolving the balance of payments problems and structural issues of a heavily indebted less developed countries like Pakistan?
9. Q2 · Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’sDifferentiate between the “Economic growth” and “Economic Development”. (20) Explain various measures of both.
10. 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) (i) Cities are engine of economic growth (ii) Russia-Ukraine war and supply shocks (iii) Pakistan’s inefficient state-owned enterprises
11. Q5 · Energy Policy of PakistanPakistan has experienced “Green Revolution” in mid 1960s. What are the main (20) determinants of Green Revolution? Explain the essential policy actions needed, if we want to revive again the “Green revolution” in Pakistan.
12. Q4 · Major Issues in Pakistan Economy: Energy crisis, Corruption, Bad governancePakistan Nationalization Act was promulgated in year 1972. Discuss its (20) advantages and disadvantages on Pakistan Economy.

Topic-wise Economics past-paper analysis.