Chapter wise Past Papers – DECEMBER 2024 Updated

Compiled by: Arib S.

[Thanks to all the students who shared their exam feedbacks]

BUSINESS ECONOMICS (BECO)

Find answers of below questions, solved descriptive and other study
material such as Recommended Lectures, Notes, Books, Past Papers of your
respective subject in this google drive:

https://drive.google.com/drive/folders/1EdfluOCsZ_NUiRZE_oJ
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NOTES FROM THE ADMIN:

 You can find all Past Papers (2022-DECEMBER 2024) in this document
categorize according to their related chapters.

 Similar questions/topics from multiple students are written just once.

 Some questions/topics relate to MORE THAN one chapter, that’s why they
might be written in more than one chapter too.
 Those students who will give exams in next attempt are
requested to share their question feedbacks too on the given number!

To share your exam feedbacks or for any query or confusion, contact:

Name: Arib S.
Phone Number: 03352232888
BECO Paper Pattern:
 30 MCQs of 2 marks each: 30x2= 60
 8 Descriptive (Theoretical & Numerical)
of 5 marks each: 8x5= 40
60+40=100

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 CHAPTER: NATURE AND SCOPE OF ECONOMICS + CONSUMER’S BEHAVIOR AND ITS ANALYSIS
(ECONOMIC CONCEPTS)
1. 4 factors in economy 2022, 2023, JUN’24
2. After this exam if you decided to further study and give exam what will 2023, DEC’24
be your opportunity cost
3. Characteristic of indifference curve 2022, 2023, FEB, APR, JUN, AUG’24
4. Define Capital and Entrepreneur in detail?? 2022, 2023, FEB, AUG, DEC’24
5. Types of capital FEB’24, AUG’24, OCT’24
6. Define micro and macro economics and their differences 2023, APR, JUN, AUG’24, DEC’24
7. Difference between economic growth and economic development? 2022, 2023, FEB, JUN, AUG, OCT’24
8. Economic is Normative science and positive science? 2022, APR’24, JUN’24, OCT’24
9. Economics is a branch of Social Science. How do you explain economic 2022
10. Four types of economics 2023, FEB’24, APR’24, DEC’24
11. Define land and labor 2022, 2023, FEB’24, AUG’24
12. Production Possibilities Curve (PPC) & Production Possibilities 2023, FEB, JUN, AUG’24, OCT’24,
Frontier (PPF) DEC’24
13. maximum satisfaction krne k lae kia strategy use karega 2023, APR’24
14. Why ppc with increasing opportunity curve shape is bowed out? FEB’24, AUG’24, OCT’24
15. goods and services produced for self consumption 2023
16. Define Economics FEB’24, APR’24, JUN’24
17. Opportunity Cost APR’24, JUN’24, DEC’24
18. why opportunity cost has bow curve shape JUN’24, DEC’24
19. Factors of Production JUN’24, DEC’24
20. Relationship between PPF and opportunity cost OCT’24
21. Indifference Curve with one of its case OCT’24
22. Price Effect on consumer equilibrium (giffen goods) OCT’24
23. Price Mechanism function in market DEC’24
24. Properties of public goods DEC’24

CHAPTER: DEMAND & SUPPLY ANALYSIS

1. 1. situation aye wi thi income effect ki or us m y tha marginal utility 2023, FEB’24, APR’24, AUG’24, DEC’24
approach and indifference curve aporoach k saath btana tha?
2. 2. if quantity not changes with price increase then the demand will be 2023
3. 3. Analyze effects of Increase and decrease in demand and supply 2023, JUN’24, DEC’24
4. 4. And ek situation thi ke ek show ke tickets overnight sold hogye hai 2023, APR’24, JUN’24
lkn abhi bhi teenagers rehty hai jin ko tickets chaye show ki tu yeh
market equilibrium mei hai yaa nhi ..and explain it.
5. 5. situation di thi aur poocha tha k "is this market in equilibrium?? Dec’23, APR’24, DEC’24
6. 6. Consumer equilibrium characteristic and role of indifference curve 2022, 2023, FEB, APR, JUN, AUG’24

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7. 7. Consumers surplus 2022, APR’24, JUN’24
8. 8. Demand curve is downward sloping? 2023, JUN’24
9. 9. demand curve of inferior goods slope downward 2023, FEB’24, JUN’24, AUG’24
10. Determinants of demand and supply 2022, 2023, JUN’24, AUG’24, DEC’24
11. Effect of substitutes 2023
12. Explain demand with graphical representation (Graph was already Dec’23 , APR’24, JUN’24, AUG’24,
given in paper, we have to explain it only) OCT’24, DEC’24
13. Explain Law of supply schedule 2022, FEB’24, AUG’24. OCT’24
14. Explain price floor. 2022, 2023, FEB, APR, JUN, DEC’24
15. Explain supply? 2022, 2023, FEB, APR, JUN, OCT, DEC
16. Explain why supply curve is moves left to right 2022
17. define Price Equilibrium and its determinants. 2022, 2023, FEB’24, JUN, OCT’24
18. Law of diminishing marginal with ex 2022, 2023, FEB, APR, JUN’24
19. market price a) price adjust slowly b)price adjust quickly 2023, FEB’24, DEC’24
20. Income effect of a consumer 2023, FEB’24, JUN’24, AUG’24
21. Perfectly competitive market and its determinants 2023, FEB, APR, JUN, AUG, OCT’24
22. Substitution effect Oct’23, FEB, JUN, AUG, DEC’24
23. Two reasons why demand curve shift left to right 2022, 2023, FEB, APR, JUN, AUG’24
24. What is competitive market? 2023 , AUG’24, OCT’24
25. Which approach satisfies the state when consumer has chosen 2023, FEB’24, APR’24, OCT’24, DEC’24
combination of goods that maximizes marginal utility wrt budget
constraint?
26. why demand curve sloping upward for inferior goods FEB’24, JUN’24, AUG’24
27. Exceptional demand curve 2023, FEB’24, JUN’24, DEC’24
28. concept of marginal utility and its relationship to total utility; how FEB’24, APR’24, JUN’24, DEC’24
diminishing marginal utility influences consumer decision
29. Concept of supply curve FEB’24, JUN’24, AUG’24, OCT’24
30. Price determination FEB’24
31. Marginal utility and its types JUN’24, DEC’24
32. Define Consumer Equilibrium AUG’24, OCT’24
33. Price Mechanism function in market DEC’24
34. Exceptional demand and define two reasons DEC’24
35. Explain demand curve with change in price equilibrium DEC’24
36. Effects of Increase and decrease in demand DEC’24
37. Determinant of price elasticity of demand DEC’24

CHAPTER: PRICE ELASTICITY

1. Elasticity of demand and supply, cross elasticity? 2022
2. Characteristics of perfectly inelastic market Oct’23, APR’24

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3. Price Elasticity of demand and factors that influence it OCT’24, DEC’24
4. elasticity of supply. Its types DEC’24
5. Price Mechanism function in Market DEC’24
6. Define Price elasticity of Supply DEC’24
7. Determinant of price elasticity of demand DEC’24

CHAPTER: PRICE INSTABILITY AND GOVERNMENT MEASURES (PRODUCTIONS)

1. government policy to control minimum price 2023, FEB, APR, JUN, OCT’24
2. Effective Price Ceiling OCT’24

CHAPTER: COST BEHAVIOR

NO QUESTIONS YET

CHAPTER: COMPETITION, MARKET EFFECTS AND GOVERNMENT MEASURES

1. classification of monopoly. List any two. 2022, 2023, APR, JUN, AUG, OCT’24
2. Define public private partnership with examples. 2022, 2023
3. How many types of merger? Define any two? 2023, FEB’24, DEC’24
4. monopolistic approach? 2022, OCT’24
5. Define Monopoly. Why monopoly should be controlled FEB, APR, JUN, AUG’24, DEC’24
6. Define monopolistic competition. 2022, 2023, FEB’24, AUG’24, OCT’24
7. Characteristics of perfect market competition 2023, FEB’24, AUG’24
8. Cartels 2023, JUN’24
9. Advantages & disadvantages of monopoly OCT’24, DEC’24
10. success of price cartel OCT’24
11. Monopoly is price change and create barrier for new entries DEC’24
competitive person's define some argument that against monopolies

CHAPTER: MACROECONOMIC: TRADE CYCLE

1. Black economy 2022, JUN’24
2. Business cycle phases? 2022, APR’24, JUN, OCT’24
3. cause in decrease in equilibrium GDP 2022, 2023, OCT’24, DEC’24
4. Measurements of GDP 2022, 2023, FEB, APR, JUN’24
5. Define trade cycle and recession 2023, FEB, APR, JUN, OCT’24
6. Trade openness and its importance FEB’24
7. What are the differences between PPP for GDP, PPP for private FEB’24, AUG’24, OCT’24,
consumption and PPP for actual individual consumption? DEC’24
8. Terms of Trade APR’24, JUN’24
9. Deficits and its types 2023, JUN’24, DEC’24
10. Weight average cost in terms of measuring CPI JUN’24, DEC’24

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 CHAPTER: MACROECONOMIC: THE ROLE OF GOVERNMENT
1. Define inflation, types of inflation and factors that causes inflation. 2022, 2023, FEB, APR, JUN, OCT’24
2. Define Public Finance. Explain the branches of Public Finance. 2023, FEB, APR, JUN, OCT, DEC’24
3. Describe the role of subsidies of government fiscal policy 2022, APR’24, DEC’24
4. Budget Constraints FEB’24, APR’24, JUN’24
5. essential economic activities 2023, FEB’24, JUN’24, AUG’24
6. Fiscal policy, monetary policy, components 2022, 2023, FEB, APR, JUN, AUG’24
7. Higher inflation causes? 2023, FEB’24, OCT’24, DEC’24
8. inflationary gap & deflationary gap Oct’23, FEB’24, AUG’24
9. major ways to gemerate revenue for govt? 2023
10. Multiplier Effect 2022, FEB’24, AUG’24, DEC’24
11. National income? Which factors are affecting in it? 2023, FEB, APR, JUN, AUG, OCT’24
12. Rationing 2023
13. Total spending in the economy Dec’23, APR’24, OCT’24
14. Trade cycle and recession phase 2023
15. Unemployment types, causes 2022, FEB, JUN, AUG, OCT, DEC’24
16. What do you meant by balance of payment. 2022, FEB’24
17. Pressure on balance of payments FEB’24, APR’24, OCT’24, DEC’24
18. Why adverse balance of payments FEB’24, OCT’24, DEC’24
19. what is deducted when calculate national income by value-add 2023
method
20. Why deflation is harm for society 2023, APR, JUN, AUG, DEC’24
21. Yield on financial instruments? 2023
22. What happens when Govt’s spending is more than tax revenue Dec’23, DEC’24
23. can inflation is Beneficial in our economycurrent situation FEB’24, APR’24, JUN’24
regarding inflation in our pakistan
24. Factors that control inflation rate FEB’24, APR’24, OCT’24
25. Difference between narrow and abroad money 2023, FEB, APR’24
26. demerits of inflation JUN’24
27. aggregate demand & supply Oct-Dec’23, APR, JUN, AUG, DEC’24
28. Diff b/w Balance of Payment & Balance of Trade JUN’24, DEC’24
29. Aims of monetary and fiscal policy AUG’24, OCT’24, DEC’24
30. Why it is often said that the official rate of employment rate AUG’24, DEC’24
underestimates the real rate of unemployment in country
31. components of money supply OCT’24
32. define monetary policy? Briefly explain the channel of interest rate DEC’24
and balance sheet?
33. Monetary policy and it's instruments DEC’24

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34. Which one of these following statement is correct explain : DEC’24
supply side is best for unemployment or
price increases is more effective for unemployment
35.
Deficit budget is helpful in reducing unemployment (Keynesian)
Supply side policies are helpful in reducing unemployment DEC’24
(Monetarist)
Justify which one is helpful in reducing unemployment

CHAPTER: ECONOMY OF PAKISTAN + GOVT. ECO POLICY GOALS

1. function of state bank of Pakistan/ purpose & role of state bank FEB, APR, JUN, AUG’24, OCT’24
2. Define inflationary situation in Pakistan in current FEB’24, DEC’24
3. economies of scale/sources of economics of scale FEB’24, APR’24, JUN’24, AUG’24
4. Fiscal policy FEB’24, OCT’24, DEC’24
5. fiscal policy encourage economic growth how FEB’24, APR’24, AUG’24
6. Fiscal reforms of Pakistan to encourage economic growth FEB’24, AUG’24, DEC’24
7. Five key points of inflation in Pakistan history FEB’24, JUN’24, DEC’24
8. Hike price in Pakistan, reasons FEB’24
9. Pakistan economics growth FEB’24, APR’24, DEC’24
10. Foreign direct investments, purpose FEB’24, APR’24, AUG’24, DEC’24
11. why Pakistan's balance of payment is under pressure FEB’24, JUN’24, OCT’24
12. Why central bank is last resort of the lender 2022, 2023, FEB, APR, JUN, OCT’24
13. Why saving is low trends in Pakistan APR’24, JUN’24, AUG’24, DEC’24
14. factors that promote economic growth and development JUN’24, OCT’24
15. Any five key objectives of govt macro economy policy goals OCT’24
16. Define/Explain firm theory of economics OCT’24
17. Advantages and disadvantage of exchange rate DEC’24
18. Advantages and disadvantages in floating exchange rate DEC’24
19. FDI discouraged in Pakistan DEC’24
20. Firm Theory of economics and its objective DEC’24

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