Economics of Pakistan Past Papers


Subject: Economics of Pakistan

Time Allowed: 10 Minutes

Maximum Marks: 10

NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above.


Part-I  Encircle the correct option, cutting and overwriting is not allowed. (10)

1. As per Pakistan Economic Survey 2018-19, GDP growth rate is:
a) 3.29 percent b) 2.8 percent
c) 3.21 percent d) 3.9 percent
2. EFF stands for :
a) Extended Finance Facility b) Extended Fund Facility
c) Extended Food facility d) Extended Foreign Funding
3. Agriculture Income Tax is a
a) Federal Tax b) Provincial Tax
c) Local Government Tax d) None of the above
4. WPI stands for
a) Wholesale Price Index b) World population Index
c) Water pricing Institute d) Wealth per Individual
5. The 12th Five Year Plan period is
a) 2018-2023 b) 2019-2024
c) 2020-2025 d) 2021-2026
6. In the year 2018-19 the agriculture sector grew by
a) 1.9 percent b) 1.5 percent
c) 0.85 percent d) None of the above
7. Major tools of fiscal policy are:
(a) Taxes and expenditure (b) consumption and investment
(c) taxes and revenue (d) consumption and expenditure
8. In the Budget for the year 2019-20 target of Revenue for FBR is
a) PKR §696 Billion b) PKR §555 Billion
c) PKR 4960 Billion d) PKR 4870 Billion
9. At Present GDP per capita at current prices in Pakistan is
a) $1,641 b) $1,649
¢) $1,357 d) $1,096
10. In terms of population, ranking of Pakistan in the world is.
a) fourth b) fifth
c) sixth d) seventh


Subject: Economics of Pakistan

Time Allowed: 2 Hours 45 Minutes

Maximum Marks: 50



Part-II Give short answer, each answer carries equal marks. (20)

Q#1: What are the main objectives of Fiscal Policy? List at least five objectives.

Q#2: What is sustainable Development and List any five reasons for its importance.

Q#3: What is Agenda 2030?

Q#4: What is World Bank and it’s Functions?

Q#5: How Private Investment can be attracted? Give any five suggestions.

Q#6: What are three major sub-sectors of services sector in Pakistan Economy?

Q#7: List two Roads, two Rail and two Energy projects under CPEC.

Q#8: What are the five main causes of increasing unemployment in Pakistan?

Q#9: List at least five problems of Education Sector in Pakistan.

Q#10: How Pakistan can boost its exports? Give any five suggestions.


Part-III Give detailed answer, each answer carries equal marks. (30)

Q#1: Discuss salient features of Budget 2019-20.

Q#2: Why Kalabagh Dam is vital for Economic Stability of Pakistan. Discuss.

Q#3: Is Agriculture in Pakistan already over taxed? Give your logical arguments for and against Agriculture Income Tax.