Ae) on reat, roan, ( [| [I ECONOMICS HSSC-II Answer Sheet No, Sig. of inviglator. SECTION — A (Marks 20) Time allowed: 25 Minutes NOTE: Section-A is compulsory. All parts of this section are to be answered on the question paper itself. Hshould be completed in the first 25 minutes. and handed over to the Centre Superintendent. Deleting/overwriting is not allowed. Do not use lead pencil o “ wy ‘Saving isa function of A. Income 3 Gansumption Disposable Personal Income is equal to. A GNP Depreciation allowance B © NI/ Population D. Which of the folowing is NOT a functon of money? 8 ‘Circle the correct option ie. AB /G/D. Each part carries one mark. Investment D.—_ None of these Personal income ~ Direct tax Rent + Wages * Interest rate + Prot A Medium of Exchange Sore of value © _evaneing tans 3, Measure of value (0) Commercial banks cisount and advonce ans pay orer 8. Oral Sn Cheave —«D._—=ilof exchange (Pinata Chose? pr Great money 8. -Mealicmoney ©. Papermoney D.—_Legalmoney (0) Burng ination Ae Tenders and Borawers those B._—_—Lenders lose and Borowers gain 6. Lenders gamand Borowerslose —-D._Lenders and Borowes both gain (vi) Taxes on commodities are cal A progressive tax 8 Regresawe tax ©. — Indecttax 0. —_—Drecttax (vi) Government presents tsbudget ony Be Westy C._aly © Anmuay (00 Wich ax conforms tothe canon of exualty in taxation? Je rogreseive tx Bo Regressive tax © Fedtan D.—Properonal tax (») Wo presente the theory of comparative cost? Pega Smith B. Gavd Rcaréo C. _IvngFisher D. None ofthese (xt) The county that dovs not rade wth other counties i cal Fe pen Enemy 8 raing Economy © Closes Economy Independent Economy (xt) Bue toncrease mtn vokume of rade A Does not change Becomes ze0 © _ Increases D Reauces (ni Government poey about change in taxes is called ia poley B. Monetay poiey Ceding poicy D. Finance polcy (xv) The balance of ade of county means. HO Batance n saving and invest 8 Balance monetary valve of ible npots and expos © Balance in demand and supply of money B__ Balance in ncome and expenditure of government (1) Jisbee means ee romperty 8. Ove sharein rights © Bon and 8 D.__ None ofthese (x) Which ofthe folowing is NOT 2 characterise of Paistan?, 1 Low growth rate oF GDP 8 Low saving rate © Low poptiaton growth rate ©) High per canta income toi) Wino presents Federa budget nthe Parkament? Finance Minster 8. Information Miniter ©. Phime Minister D._Presigent (avi) Wich yer wate State Bank of Pakistan estab? Spar aD 3 1849 AD © 19490 D, 19800 (xx) Patstan's imports normaly consis of Petroleum 3 Electron goods © Capit goods 0. Allothese (sx) The rae of Zakat is Re 520% c 25% Db 10% ForBxamine's use only: Total Marks: [2] Marks Obtained: falon Awa Shes No $9 of Conde, 8. np egos onal one gal cilytlae oA Price et Wend i lent SEadahib VIALE oh ehrlLvierieecovele bitte Aerts | | ALG SL Nee L1G oe DIF BNEL ___s# tu, 4 w caer eabsiian ote Cetirenit of a a | eee aot a 4 aie) |e ase LAAN esnunrrant Bowe as van awl |, au Ae |, Ahtestoe || |.) went || | Bit |lile | gree 8 li wbe 8 Me Bibaliicdaisinly a at rbatheh ee | akan a bea ies es shes 1980 nme 048 tbe ty bt YUM a0) aes ibe) aigSe Ie tet Pienton ve SSeS Bait bag / Bie (ott ae tlle tt : te ain _ sain Mowhth a FAW tun) Ayn toe arent gp dee hgh eet erlidlenync tn Prae tithee Ap Ap eT aL Gants Ae Lelia hte pth a) etn ipernsion eran Stee me UO WA hte CF Neatetil be DESK Prt "eres oe ws the uf tee ectsoletibine Srepehoornahs ot eatiies 2 we sh th Cer Bulesdonctudy she MOT A NPA IB. Lie. aileron ~ ow HAS 25s Ve ® @ w w ow roy 0 ~ “ ow ow) ~ ~” (a i ow wo SixECONOMICS HSSC-II Sit Time allowed: 2:35 Hours Total Marks Sections B and C:_ 80 NOTE:- Answer any fifteen parts from Section ‘B(a)' one part from Section ‘B(b)' and any three questions from Section ‘C’ on the separately provided answer book. Use supplementary answer sheet ‘Sheet-B if required. Write your answers neatly and legibly. ‘SECTION —B (Marks 60) 2.2 a. Attempt any FIFTEEN parts. The answer to each part should not exceed 3 o 5 lines. (15 x3 = 45) (i) Define GNP (Gross National Product). (i) What is meant by Depreciation alowance? (ii) Define Saving (iv) Define Money. (¥) White briefly about any three instruments of eredit money. (i) Define Quantty theory of Money. (wi) Define Commerciat bank. (vii) Define Per capita Income, (&) Define infation (%) Name any three means of communication, (4d) Define Indirect tax and give one example. (i) White any tee canons of taxation (iy What isthe diference between Tax and Zakat? (iv) Differentiate between Price and Fee. (ov) White any three problems of the agricultural sector in Pakistan, (1) Define Economic development, (vi) White any three characteristics of Capitalism. (oi) Define Socialism (ix) What is meant by Barter system? (xx) White any three functions ofthe Central bank (1) Write down any three characteristics of the good money. b, Attempt any ONE part (1x5=5) () Differentiate between Domestic and Foreign rade (Differentiate between Public and Privat Finance {CTION ~ ¢ Mark Note:- ‘Attempt any THREE questions. All questions carry equal marks. (ox10=30) @.3._ Explain the circular flow of National Income with the help of diagram. Q.4 How do Commercial banks create credit money and what ae ther imitations Q.5 Define “Zaka’, Who are the beneficiaries of Zakat? Explain in detail Q.6 Explain the problems of underdeveloped economy. aa enMe ow owl oust gal Calyiles 80: prio lena AR 2235 ds "ARI Na ak “then” acter nba tality Le” pie ed aSewbegi fed (shoe Besigtir af See “pre 2G (6048) pra (15x3=45) te mere Spe AL uzI15) ugeutibign -ahadir Sereiingrd §— (iy Aah Singsinc Cy w ” AAP Lout of od AAR ui) x A PRES eKeteurts athe é @ die. wo) wo o tiv ay ow) ww) (a exw) eo Tee tmetie (x) thfiion fe SLi (nts (1x5=5) Re) Ge tUiee thos © whNShtensiy ad (30,49) prio (3x10=30) Cute Err o£ SS) cH BitguinertinS shri Adie NE ow Sore. SOAS ONG SAM oh hr aE vie phy bBe ode ad