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CSS Economics Paper I Past Paper 2025

CSS Economics Paper I 2025 carries 100 marks over 3 hours. It has 7 questions.

Marks
100
Time
3 hours
Questions
7

Years

How to attempt: Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.

Questions

Question 1 (Part I) is the paper's MCQs, which are not reproduced here.

  1. Q. 2
    How can a consumer attain equilibrium under ordinal approach? Also explain the effects of changing income and prices on consumer’s equilibrium in case of normal and inferior commodities.
    (20)
  2. Q. 3
    What are the different stages of production? Explain in the light of law of variable proportions using schedule and diagrams.
    (20)
  3. Q. 4
    Explain circular flow of national income in two sector, three sector & four sector economy. Discuss the methods by which national income can be measured. Also explain advantages & shortcomings of each method.
    (20)
  4. Q. 5
    Explain quantity theory of money (QTM) and elaborate significant ingredients for effective monetary policy to accelerate economic growth in developing countries.
    (20)
  5. Q. 6
    Elaborate different canons of taxation. How these canons can be used optimally? Suggest some policy options to maximize tax revenue in a developing country like Pakistan.
    (20)
  6. Q. 7
    Differentiate between economic growth and economic development by discussing traditional and modern measures of growth/development.
    (20)
  7. Q. 8
    Write short notes on any FOUR of the following: (5 each)
    (20)
    • (a)
      Accelerator Principle
      (5)
    • (b)
      Price Discrimination
      (5)
    • (c)
      Balance of Payments
      (5)
    • (d)
      Human Development Index
      (5)
    • (e)
      Public VS Private Goods
      (5)
  1. Part-II is to be attempted on the separate Answer Book.
  2. Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.
  3. All the parts (if any) of each Question must be attempted at one place instead of at different places.
  4. Write Q. No. in the Answer Book in accordance with Q. No. in the Q.Paper.
  5. No Page/Space be left blank between the answers. All the blank pages of Answer Book must be crossed.
  6. Extra attempt of any question or any part of the question will not be considered.