Economics Papers PMT IB IBDP Edexel

By Prof. Fazal Rehman Shamil

Guess Paper 1: E-Commerce Fall – 2020 Past Papers

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

SECTION – 1

Q1: Graphically explain the law of diminishing marginal utility. Also explain the limitations
of the law.

Q2: What is the difference between demand and supply? Explain the price elasticity and
income elasticity of demand in detail. Support your explanation with suitable examples.

Q3: Define Indifference Curve. Further explain the properties of Indifference Curve with the
help of graphs.

Q4: Define Market. Graphically explain the short run equilibrium of the firm under perfect competition.

Q5: Define production function. Write a detailed note on factors of production and their Earnings.

SECTION – 2

Q6: What is the difference between constant and variable? Further explain different types of
variables in detail. Give suitable examples.

Q7: Explain the concept of Derivatives. Further explain the various rules of derivatives in detail.

Q8: Attempt ANY TWO of the following;

a) Describe mean, median and mode.
b) Differentiate between Simple and Simultaneous equations.
c) Differentiate between Simple Index Number and Weighted Index Number.

SECTION – 1

Q1: Graphically explain the law of diminishing marginal utility. Also explain the limitations
of the law.

Q2: What is the difference between demand and supply? Explain the price elasticity and
income elasticity of demand in detail. Support your explanation with suitable examples.

Q3: Define Indifference Curve. Further explain the properties of Indifference Curve with the
help of graphs.

Q4: Define Market. Graphically explain the short run equilibrium of the firm under perfect competition.

Q5: Define production function. Write a detailed note on factors of production and their Earnings.

SECTION – 2

Q6: What is the difference between constant and variable? Further explain different types of
variables in detail. Give suitable examples.

Q7: Explain the concept of Derivatives. Further explain the various rules of derivatives in detail.

Q8: Attempt ANY TWO of the following;

a) Describe mean, median and mode.
b) Differentiate between Simple and Simultaneous equations.
c) Differentiate between Simple Index Number and Weighted Index Number.

Guess Paper 2: E-Commerce Spring – 2020 Past Papers

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

SECTION – 1

Q1: Write a comprehensive note on the scope and importance of economics. Put examples.

Q2: What is the difference between Iso-quant Curve and Iso Cost Curve? Further explain the
properties of Iso-quant curve by making graph for each property.

Q3: What is meant by Cost of Production? Write a detailed note on different types of cost
with the help of suitable examples.

Q4: Explain the reason behind the negative slope of the demand line. Further explain that
how the price is determined in a market by market forces? Use graphs.

Q5: Explain the main characteristics of perfect competition. Further explain the difference
between monopoly and monopolistic competition. Put relevant examples.

SECTION – 2

Q6: What is meant by Index Number? There are various methods which are used to calculate
the index number. Discuss in detail.

Q7: Explain the difference between equations and identities. Further discuss different types of equations in detail.

Q8: Attempt ANY TWO of the following;

a) Write a short note on Price Discrimination.
a) Differentiate between dependent and independent variables. (Give examples)
b) Shortly describe the Quartiles, Deciles and Percentiles.

Guess Paper 3: E-Commerce Spring – 2019 Past Papers

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

SECTION-1

Q1: National Income of a country is measured through various methods. Explain the
Expenditures Method in detail.

Q2: There are various tools/instruments of Monetary Policy which are used to control credit and money supply in economy. Explain.

Q3: Discuss the salient features of Keynes theory of Income and Employment. Explain that how the equilibrium level of national income and employment is determined in a two sector economy.

Q4: International Trade plays an important role in the economic development of a country.
Discuss.

Q5: What is the difference between Central Bank and Commercial Bank? Discuss the important functions of central bank in detail.

SECTION-2

Q6: Differentiate between economic growth and economic development. Explain the main characteristics of a developing country like Pakistan.

Q7: Discuss the main problems of agriculture sector of Pakistan. Suggest some possible solutions for the betterment of Agriculture sector of Pakistan.

Q8: Attempt ANY TWO of the following;

a) Differentiate between developmental and non-developmental expenditures.
b) Write a short note on the role of remittances in economic growth of Pakistan.
c) Define Inflation.

Guess Paper 4: E-Commerce Spring – 2019 Past Papers

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

SECTION-1

Q1: Explain the Consumption Function graphically. Further show on graph and explain that
why the level of consumption is positive even when the level of income is zero.

Q2: Write a comprehensive note on Fiscal Policy and its main objectives.

Q3: What is meant by Balance of Payments? Explain the causes of deficit in the balance of
payments in Pakistan.

Q4: Money performs various important functions. Explain.

Q5: Differentiate between direct tax and indirect tax. Also explain the principles of taxation in detail.

SECTION-2

Q6: Discuss the main obstacles to Industrial development in Pakistan. What possible solutions you prefer to suggest for the betterment of Industrial sector of Pakistan?

Q7: Commercial Banks play a vital role in the economic development of Pakistan. Discuss.

Q8: Attempt ANY TWO of the following;

a) Define Monetary Policy.

b) Summarize the role of foreign aid in economic growth of Pakistan.

c) (GNP, GDP, NNP, IMF and IS-LM) …….. In Economics, these terms stand for?

Guess Paper 5: E-Commerce Spring – 2018 Past Papers

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q1: Choose the Correct One.

I. By getting more and more units of a commodity, the marginal utility of that commodity will;
(a) Increase (b) Remain Unchanged. (c) Diminish
II. A market situation where few (3 to 13) Producers control the whole market is called;
(a) Duopoly (b) Oligopoly (c) Monopoly

III. A compulsory contribution made to Government by the people on whom it is imposed is
called;
(a) Zakaat (b) Tax (c) Ushar
IV. When prices Increase, demand will decrease, while supply will;

(a) Increase (b) Decrease (c) Remain the Same
V. In economics, G.N.P stands for;
(a) Gross Net Product (b) Gross New Product (c) Gross National Product
VI. The percentage change in the quantity demanded due to the percentage change in income is
called;

(a) Income Elasticity (b) Cross Elasticity (c) Price Elasticity

VII. Interest is the earning of;

(a) Capital (b) Land (c) Labor

Q2: Define Market. Explain the concepts of Monopoly, Oligopoly and Perfect Competition.
Support your answer with relevant examples.

Q3: Define Utility. Further explain the “Law of Diminishing Marginal Utility” and its limitations. Use Graph.

Q4: What is the difference between demand and supply? Further explain the Price elasticity
of demand and Income elasticity of demand with the help of suitable examples.

Q5: What is meant by National Income of a country? Explain the concepts of GNP, GDP
and Personal Income in detail.

Q6: Define Public Finance. Explain the difference between Public Finance and Private Finance. Put suitable
examples.

Q7: Attempt ANY TWO of the following;
a) Write a short note on Balance of Payments.
b) Differentiate between direct tax and indirect tax.
c) What is meant by Deficit Financing?

PMT economics past papers.

IB economics past papers.

IBDP economics past papers.

aqa a level economics past papers.
edexcel a level economics past papers.

Prof.Fazal Rehman Shamil (Available for Professional Discussions)
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