Final Mock- PRC 01 NAME: ____________________________________ 100 Marks BATCH: ___________________________________ Q1 (a). Read the passage and answer the questions below: (20 marks) The projections differ fractionally, but all outlooks on the economy show that the growth rate by the end of the fiscal year will come in at a twelve year high. Ever since the great financial crisis hit Pakistan’s economy in 2008, the growth rate of the economy has languished around 2pc, climbing marginally in subsequent years, but always remaining below the crucial 6pc needed to absorb new entrants into the labour force. This is supposed to be the year when all that changes. Recent figures released by the government project growth to be 5.79pc, slightly below the target of 6pc set at the start of year, while the World Bank projected 5.5pc for this year and the IMF 5.6pc. The State Bank has forecast the most optimistic outcome, saying the target is likely to be met with growth coming in at 6pc by the end of the fiscal year. Differences aside, the fact that all these projections show the economy approaching the minimal growth rate for an economy the size of Pakistan needs to be acknowledged. What remains to be debated, however, is the quality and sustainability of this growth, not the fact it exists. The Fund, for example, notes the improvement, but quickly adds that “continued erosion of macroeconomic resilience could put this outlook at risk”. The government’s own data shows that construction has played a considerable role in pushing up GDP, with major activity in cement, utility vehicles and petroleum products also contributing to a large extent. Power generation and gas supply showed improvement as well. Most of these activities that are the centres of dynamism in the new growth are consumption led, and vulnerable to the ongoing deterioration in the external account. Agriculture exceeded its growth target, but trends in this sector are responding more to the vagaries of weather and the level of demand rather than any reforms or improvements on the supply side that could be the result of government policy. Retail and wholesale trade similarly exceeded the target, but it too is dependent on imports and agriculture, so does not make for a reliable source of renewed growth. In aggregate terms the economy appears to be doing well, and this improvement is indeed visible in many places. But the quality of the growth appears fleeting and hurriedly put together, as well as standing on a weak foundation given the yawning deficits on the fiscal and external accounts. Growth returns – Dawn April 12, 2018 (i) Pakistan growth rate was expected to be a. 5.79pc b. 6pc c. 5.5pc d. 5.6pc by State Bank. (ii) The growth rate has to be acknowledged because a. Size of the country matters b. It has remained languished below 2pc since Financial crises c. quality and sustainability of this growth do not exist d. None of the above (iii) Sectors that have contributed in the GDP increase include a. Cement b. Pharmaceutical c. Utility d. Electric current (iv) Trends in Agriculture sector are more vulnerable to a. Government reforms b. Climate change c. Imports d. All of the above (v) In aggregate terms the economy appears to be doing well, and this improvement is indeed visible in many places, but a. Foundations are weak b. Expected deficits are increasing c. Fiscal accounts are not of quality d. None of the above Q1(b). Write a precise of the following passage with a suitable title. (10 Marks) Nelson, as a child, was not of a strong body. Yet he gave proof of that resolute heart and nobleness of mind which during the whole of his glorious career so eminently distinguished him. One day he strayed from his grandmother’s house in the company of a cowboy. The dinner hour passed; he was absent and could not be found. The alarm of the family became very great, for they feared that he might have been carried off by the gypsies. At length after a long search, he was discovered sitting composedly by the side of a brook which he could not get over. “I wonder, child,” said the old lady, when she saw him, “That hunger and fear did not drive you home”, Fear! grandmamma,” replied the future hero,” I never saw fear; what is it?” Title: ______________________________________________________________________________ Q2. Answer one of the following: (a) “Poverty is becoming inevitable in Pakistan.” 1. Construct causes and effects for the given problem using fishbone diagram. Write problem and each of the cause and effect in the space provided. (10 marks) 2. Discuss your argument in 250 words. (20 marks) Or (b) “Influence of Mass Media on our lives”. 1. Develop main ideas and sub pointers for or against the given theme using affinity diagram. Write each idea in a separate space. (10 marks) 2. Argue for or against in 250-word limit. (20 marks) Q3. For each word in list A, match the synonym from list B: (20 Marks) A B indisputable differ vary nameless slender Cope Steady clear trustworthy undeniable anonymous neutral manage stable lucid jealous Impartial slim envious reliable Q4. A supplier of yours never delivers you on time. This delay in receipt of raw materials is the major cause of production delay. Explain to your sales head in a response to his inquiry letter that the company is trying to find alternate supplier for the required material and will catch up on the production in the following month. Imagine yourself as Adnan Zafir (Sales Executive), Writing to your head Mr. Saleem Bilal. (20 Marks)
