Past Papers Development Economics
[OBJECTIVE]
Subject: Development Economics
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 right answer, cutting and overwriting is not allowed. (1×10=10)
- Pakistan started its 5th five-year plan in:
(a) 1949 (b) 1955
(c) 1970 (d) 1978
- Agriculture accounts for:
(a) 28% of GDP (b) 20% of GDP
(c) 30% of GDP (d) 15% of GDP
- Contribution of services sector in the economy of Pakistan is:
(a) 30% (b) 40%
(c) 48% (d) 58%
- Percentage of employment of labor force in agriculture sector is:
(a) 50% (b) 55%
(c) 43% (d) 27%
- Pakistan is considered as:
(a) Backward country (b) Developing
(c) Developed (d) a and b
- The latest population census in Pakistan was held in:
(a) 2013 (b) 2014
(c) 2017 (d) 2018
- Most of the exports of Pakistan consist of:
(a)Industrial Products (b) Sports Goods
(c) Cotton Products (d) a and b
- The largest item of our imports is:
(a) Petroleum (b) Computers
(c) Cotton Cloth (d) a and b
- The cost of the China-Pakistan Economic Corridor in 2017 was $:
(a) 50 billion (b) 55 billion
(c) 58 billion (d) 62 billion
- The shortcomings which obstruct free system of prices are called:
(a) Market imperfections (b) Market perfections
(c) Business rivalries (d) a and c
[SUBJECTIVE]
Subject: Development Economics
Time Allowed: 2 Hours 45 Minutes
Maximum Marks: 50
NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED.
Part-II Give short answers of the following. (20)
Q#1: Poverty of Opportunity Index (POPI)
Q#2: Debt Overhang Theory
Q#3: Quality of Life Index
Q#4: Debt Buyback
Q#5: Externalities
Part-III Give brief answers of the following. (30)
Q#3: How Rostow explains various stages of Economic Growth.
Q#4: How trade is different from aid to boost the economic health of a country.
Q#5: According to balance growth theory how a country can become a developed country?
[OBJECTIVE]
Subject: Development Economics
Time Allowed: 15 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 right answer, cutting and overwriting are not allowed. (10)
1. In terms of its contribution to GDP which one of the following is the largest sector in Pakistan economy?
a. The Agriculture sector
b. The Industrial sector
c. The Services sector
d. None of the above
2. Foreign exchange is used in _____.
a. Domestic trade
b. international trade
c. Local trade
d. Regional trade
3. Which of the following characteristics are most likely found in developing countries?
a. High population growth rates
b. Large number of people living in poverty
c. Very traditional methods of agricultural production
d. All of the above.
4. Characterizes of modern economic growth is presented by
a. Prof Simon Kuznets
b. Prof Adam smith
c. Prof Alfered Marshall
d. Prof J.B Say
5. Economic development refers to
a. Economic growth
b. Economic growth plus changes in output distribution and economic structure
c. Improvement in the well-being of the urban population
d. Sustainable increase in Gross National Product
6. Government of Pakistan spends on education
a. 1% of GDP
b. 2% of GDP
c. 5 % of GDP
d. 4% of GDP
7. Foreign exchange is used in ________.
a. Domestic trade
b. international trade
c. Local trade
d. regional trade
8. According to Malthus population increases.
a. At Geometric rate
b. At arithmetic rate
c. At constant rate
d. None
9. Which of the following is a low-income country?
a. Mexico
b. Thailand
c. Turkey
d. Bangladesh
10. More than three-forth world population live in:
a. Advance countries
b. Developing countries
c. Asian countries
d. African countries
[SUBJECTIVE]
Subject: Development Economics
Time Allowed: 2 Hours 45 Minutes
Maximum Marks: 50
NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED.
Part-II Give short notes on following, each question carries equal marks. (20)
Q#1: Define economic development.
Q#2: Explain the Millennium development goals.
Q#3: What are the three core value of economic development?
Q#4: Write the four characterizes of under developing countries.
Q#5: What do you understand by the term “economic development is a process”?
Part-III Give detailed answers, each question carries equal marks. (30)
Q#1: Explain nature and scope of economic development.
Q#2: Suggest some measure to control unemployment.
Q#3: Why balance of payment of Pakistan is unfavorable?