Other Economics Answers

the profit motive is absent in the .......economy

Consider the criticisms of the IMF and the World Bank. Do you feel that their practices are required for accountability purposes, or do you believe that they unfairly threaten the sovereignty of certain nations? Furthermore, how would you shape the policies of the IMF and the World Bank, if you had the proper authority to do so?

7) From the following ledger balances of Gopal, prepare Profit & Loss Account for the year ended 31-03-2007 Rs. Rs. Rent Paid 6000 Bad debts 1000 Salaries 8000 Printing & Stationery 1500 Commission Paid 2000 Office Insruance 1000 Discount allowed 2000 Postage 500 Advertisements 2000 Repairs 500 Telephone charges 1000 Interest received 3500 Interest on loans 3000 Gross Profit 40% on Sales 200000 (Ans: NP: 55000)

Is Harrod-Domar model relevant for countries like Pakistan?

What role do banks play in development? What roles could they play?

Critically evaluate the Pakistan’s latest five-year plan? 

Discuss how the wages are inter-related to the price policy?

Discuss under what conditions should developing countries government accept a policy of exchange control?

Discuss the problems faced by Pakistan in its foreign trade?

The accountant of Fauntleroy Ltd is preparing financial statements for the current year end

but is struggling to establish which information is more important. He has a shortlist of

questions which need to be solved:

(a) In preparing the description of a very complex transaction he has two options:

(i)

To use information from a close friend who holds shares in the company: the

information prepared by his friend is somewhat biased but is very clear and

concise; or

(ii)

To use the information prepared by an independent analyst: this information is

complex to the average person

Which piece of information is more appropriate for use in the financial statements? (7 marks)