Name:

Father’s Name:

Mobile Number: Email Address:

Room Number: Test Center:

Candidate’s Signature:

GENERAL INSTRUCTIONS: Candidates must carefully follow the instructions given below and by the
instructor / announcer.
1. Please compare & check that the Seat Number, Your Name & Other information given on the answer
sheet and on the sticker on your chair are correct. Please also write this information in the above box.
2. Use of calculator / mobile phone / smart watch is strictly not allowed.
3. The test is divided into five parts. (Total duration of the test is 2 hours 05 minutes):
• Title Page. All Instructions Should Be Examined Carefully – Time allowed: 05 minutes.
• Labor Force, Employment and Out-Migration of Workers Multiple Choice Questions - 40 MCQs of 1
Mark Each (1 to 40) [Total Marks 40, Weightage 40%] – Time allowed: 40 minutes.
• Analytical Skills & Data Response Multiple Choice Questions – 15 MCQs of 1 Mark Each (41 to 55)
[Total Marks 15, Weightage 15%] – Time allowed: 25 minutes
• IT Skills Multiple Choice Questions – 15 MCQs of 1 Mark Each (56 to 70) - [Total Marks 15,
Weightage 15%] – Time allowed: 15 minutes
• Labor Force, Employment and Out-Migration of Workers Subjective Questions [Two Questions of 15
marks each, Total Marks 30, Weightage 30%] – Time allowed: 40 minutes
Note: While working on an allowed part, candidates are not allowed to go forward or backward to
other parts. These parts should be attempted in the order given above.
4. Each question has only one correct answer (A / B / C / D). All answers must be given by marking a
CROSS SIGN X at the chosen option on the answer sheet.
5. In case candidate crosses more than one option for the same question, the answer will be treated as
incorrect answer. Over writing is not acceptable. Such answers will be treated as incorrect answers.
6. There will be NO NEGATIVE MARKING in all parts of the test. However, if a candidate does not want
to answer any question he / she MUST CROSS X the option E on the answer sheet.
7. When the instructor announces “STOP”, candidate must close the test booklets and cover it with the
answer sheet. Any evidence of cheating or non-compliance with instructions or tearing pages will lead
to disqualification from the test and legal action.
8. Making notes / copying questions / solving questions on any paper other than question booklet and
answer sheet / removing the question booklet or answer sheet in their entirety or parts of it from the
exam room is strictly prohibited and will lead to disqualification from the test and legal action.
9. The candidate should not mark answers on the question booklet and all answers must be given in
CROSS SIGN X on the answer sheet with the pen. However, rough work can be done on the
question booklet. Make sure you do not write anything other than your signature and marking of
Cross X against your answers on the answer sheet. Subjective Questions are to be attempted on
separate Essay Script with pen.
10. IBA reserves the right to revoke/modify any question or part of it.

WAIT... Do not turn over this page until you are told to do so
 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

Labor Force, Employment and Out-Migration of Workers M.C.Qs (Total Marks 40)
No. of Questions: 40 (from 1 to 40) 1 Mark Each Time: 40 Minutes
Negative Markings: No

Eight Sample Questions (actual paper will contain 40 questions in this section)
1. Population experts refer to the period of 1990 to 2045 as ‘demographic dividend’ to Pakistan. They are
referring to the phenomenon of

A. a sharp rise in the total population

B. a surge in the population in the productive age group;
C. a decline in both birth and death rates;
D. a well-balanced sex ratio

2. How does the labor force participation rate of women compare to that of men in Pakistan?

A. The labor force participation rates between the two groups is about the same.
B. Women participate less than men at all ages.
C. Women participate less than men when young (20-34 years-old) but at the same rate as men in
later years (35-54 years-old).
D. Men participate less than women when young (20-34 years-old) but at the same rate as women in
later years (35-54 years-old).

3. WTO has about ________ members which accounts for ________ of world trade. There are
__________other negotiating memberships.

A. 160, 95% and 25.

B. 159, 95% and 25.
C. 163, 93% and 27.
D. None of the above.

4. Migrant workers have participated in promoting economic growth and prosperity and the generation of
wealth in countries of destination. The Gulf Cooperation Council (GCC) which is comprised of six
countries, has been a historical and traditional job market for Pakistani workers. Labor migration and its
relationship to economic growth, inflation and employment have received increasing attention because
of increasing demand for labor, higher salaries, economic and political stability. What can be said about
the relationship between migration and GDP, unemployment, and inflation?

A. Negative relationship between labor migration and GDP, a positive relationship with
unemployment, and a positive relationship between labor migration and inflation.
B. Positive relationship between labor migration and GDP, a negative relationship with
unemployment and no relationship between labor migration and inflation rate.
C. No relationship between labor migration and GDP, a positive relationship with unemployment,
and a negative relationship between labor migration and inflation.
D. Positive relationship between labor migration and GDP, a negative relationship with
unemployment, and a positive relationship between labor migration and inflation

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5. What are the key differences between the GATT 1947 and the WTO Agreement regarding the trade in
goods?

A. The GATT was an agreement for multilaterals regulating international trade in goods and WTO
has a more effective settling system.
B. The GATT as an organization no longer exists and has been replaced by the WTO.
C. The GATT was ad hoc and provisional and While, the WTO and its agreements are permanent.
D. None of the above.

6. As the world is experiencing a glum economic outlook, consumption is expected to decline, as a result
supply of oil is rising and so is price. There has been a 22 percent rise in output in U.S. crude oil
production (2018) to a record 11.6 million barrels per day (bpd). The oil inventories increased putting a
downward pressure on oil prices. As a consequence, Organization of the Petroleum Exporting Countries
(OPEC) is discussing supply cuts. What are the possible consequences of supply cuts on labor market?

A. Labor demand and supply will remain unchanged in Saudi Arabia, because it produces oil very
cheaply and hold the largest oil reserves in the world.
B. North American countries will extract oil locally and employ workers, given demand for labor is
derived demand, demand for labor will increase and oil field workers will migrate to work in oil
fields, hence supply will also increase
C. Job creation and employment growth across the GCC will slow down and non-oil growth sector
will be expected to create jobs
D. Flow of migrant workers will be as usual due to migration forums such as Abu Dhabi Dialogue

7. The sustained presence of huge migrant workers has transformed GCC into one of the most advanced
and urbanized regions of the world. Nevertheless, their sustained dominance in demography and labor
markets over the time has led to a situation that has been termed and widely viewed as an ‘irony’ and a
‘paradox’: amidst 16 million expatriates engaged in gainful employment, their own labor force is passing
through high rates of unemployment and underemployment. What are the causes of such a paradox?

A. Domestic workers in GCC countries are unskilled whereas emigrant workers are skilled
B. Domestic workers of the working age population are rich and not looking for work
C. The unemployment benefits from the state act as a deterrent for domestic workers to seek gainful
employment
D. among nationals there exists a high level of skill mismatch; most of the students prefer Humanities
disciplines and avoid subjects of scientific disciplines

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

8. Due to increased influx of workers from labor abundant countries such as Pakistan to GCC countries,
many families started settling in host countries. To discourage this, what policies were adopted by host
countries?

A. Increasing visa processing fees

B. Issuing shorter stay visas
C. Banning foreigners from owning immovable property
D. Disallowing a family of bigger than 2 members to accompany to the host country

If you finish before time is called, you may check your work on this section only.

This is the end of Labor Force, Employment and Out-Migration of Workers M.C.Qs.
Next section is Analytical Skills & Data Response M.C.Qs

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

Analytical Skills & Data Response M.C.Qs (Total Marks 15)

No. of Questions: 15 (from 41 to 55) 1 Mark Each Time: 25 Minutes

Negative Markings: No
Eight Sample Questions (actual paper will contain 15 questions in this section)
9. The table below shows a country's birth rate (number of births per year per 1,000 people), and
death rate (number of deaths per year per 1,000 people). Immigration and emigration are the
number of people in absolute values. A country's population growth is determined by these
four variables mentioned in table below. The lines 1-4 in Figure model the population for the
four countries shown over time.
Birth Death Immigration Emigration
Country A 20 X 1,000 1,000
Country B 21 21 12,100 Y
Country C 36 24 Z 500
Country D 13 13 82,000 9,600

Line 1 represents which country's population?

A. Country A
B. Country B
C. Country D
D. Country C
10. A government currently has a balanced budget. It is considering the possible variations in tax
revenue and government expenditure shown.
options tax revenue government
expenditure
W increase increase
X increase reduce
Y reduce increase
Z reduce reduce
Which three options are likely to have the potential to move the budget into surplus?
A. W, X and Y
B. W, X and Z
C. W, Y and Z
D. X, Y and Z

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

11. The diagram represents different combinations of good X and good Y. A consumer prefers
more units of both goods to fewer units but prefers, as far as possible, not to give up any of
good Y to obtain more of good X.

Which combination in the diagram could represent the consumer’s order of preference in
descending order?

A. UTVW
B. UVTW
C. TUVW
D. WVUT
12. The diagram shows the Gini coefficient for four countries between 1975 and 2010.
Gini coefficient for Brazil, Mexico, India and China 1975-2010

Which country made the greatest move towards a more equal income distribution over the
period?

A. Brazil
B. China
C. India
D. Mexico

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13. A survey was conducted among a randomly chosen sample of full-time salaried workers
about satisfaction in their current jobs. The table below shows a summary of the survey
results.
Reported Job Satisfaction by Education Level (in thousands)
Level of Education Satisfied Not Satisfied No Response Total
High Scholl 17,880 12,053 2,575 32,508
Bachelor’s Degree 24,236 8,496 3,442 36,174
Master’s Degree 17,605 5,324 1,861 24,790
Doctoral Degree 12,210 2,081 972 15,263
Total 71,931 27,954 8,850 108,735

Of the people whose highest level of education was a bachelor's degree who reported job
satisfaction, 1,000 people were randomly selected to complete a follow-up survey in which they
were asked about their salary satisfaction. There were 658 people in this follow-up sample who
said that they were satisfied with their salaries, and the other 342 people were not satisfied. Using
the data from both the initial survey and the follow-up survey, which of the following statements
is most likely true?

A. Approximately 16 million people with bachelor's degrees would report salary

satisfaction.
B. Approximately 24 million people with bachelor's degrees would report salary
satisfaction.
C. Approximately 47 million people with bachelor's degrees would report salary
satisfaction.
D. Approximately 72 million people with bachelor's degrees would report salary
satisfaction.

14. The table below shows data about the number of employees at IBA, a popular business school
in Karachi.
2016 2017 2018
Total Employees 1,670 1,890 2,110
Percent Male 65% 60% 55%
Percent Female 35% 40% 45%

Assuming the employee total grows at the same rate each year, and male and female percentages
continue to decrease and increase by 5%, respectively, approximately how many male employees
will work at IBA in 2019?

A. 1515
B. 1398
C. 1282
D. 1165
15. The diagram shows selected labour statistics from 2001 to 2014.

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

What can be concluded from the diagram about 2001-2014?

A. Employment as a percentage of the population aged 16 and over declined continuously.

B. In periods when the number of net new jobs was rising the percentage employed
increased.
C. The natural rate of unemployment was achieved only in 2008.
D. The number of unemployed workers fell in all except four years.
16. The 6th Census 2017 report of Pakistan records recorded the highest educational attainment
of all adults aged 25 years or older in City A, one of the most educated parts of the country.
The results are given in the two-way table below.
Level of Education Male Female Total
High Scholl 7,535 7,234 14,769
Bachelor’s Degree 17,170 23,455 40,625
Master’s Degree 45,105 41,078 86,183
Professional Degree 23,501 23,405 46,906
Doctoral Degree 16,232 15,817 32,049
Total 109,543 110,989 220,532
According to the data presented in the table above, if you were to choose a person at random out
of the entire population aged 25 years or older in city A, what is the approximate probability that
the person you chose is a man with a doctoral degree (given as a percent)?

A. 2%
B. 7%
C. 28%
D. 51%
This is the end of Analytical Skills & Data Response MCQs.
If you finish before time is called, you may check your work on this section only.
Next section is IT Skills MCQs

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

IT Skills M.C.Qs (Total Marks 15)

No. of Questions: 15 (from 56 to 70) 1 Mark Each Time: 15 Minutes

Negative Markings: No
Eight Sample Questions (actual paper will contain 15 questions in this section)
17. If your data contains a timebased value (see pic below), such as the day of a sale, you can
analyze that data by creating a(n) .

A. Timeline
B. Dateline
C. Pivot line
D. Time Table
18. To work with XML data in Excel, you must use select the controls on the ribbon
tab, which you can display by using the ribbon customization commands available in the
Excel Options dialog box.

a. Formulas
b. Data
c. Developer
d. Review

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

19. Figure below shows a worksheet with text in A1:A5. The is a single formula
that returns the sum of the total number of characters in the range.

a. =LEN(SUM(A1:A5))
b. =SUM(LEN(A1:B5))
c. =SUM(B1:B5)
d. =SUMPRODUCT(LEN(A1:A5))

20. The tax rate schedule shows the income tax rates for various income levels. The
formula (in cell B3) returns the tax rate for the income in cell B2:

a. =VLOOKUP(B2,D2:F7,3)
b. =VLOOKUP(B2,D2:D7,3)
c. =VLOOKUP(B2,D2:F7,2)
d. =LOOKUP(B2,D2:F7,3)

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

Questions 21 – 24 relates to the workbook below:

21. The Mark Up amount can be calculated by inserting the following formula in the cell E3:

a. =D3 – C3
b. =E3 – C3
c. =D3 – B3
d. =E3 – D3

22. The Mark Up % can be calculated by inserting the following formula in cell F3:

a. =C3/E3
b. =B3/D3
c. =C3/D3
d. =D3/C3

23. The COGS (Cost of Goods Sold) can be calculated by inserting the following formula in
cell G3:
a. =C3*D3
b. =B3*E3
c. =B3*C3
d. =C3*E3

24. The Profit can be calculated by inserting the following formula in H3:

a. =(B3*D3) – E3
b. =(B3*C3) – G3
c. =(B3*D3)
d. =(B3*D3) – G3

This is the end of IT Skills MCQs.

If you finish before time is called, you may check your work on this section only.

Next section is Labor Force, Employment and Out-Migration of Workers Subjective Questions
(To be attempted on separate Essay Script with pen).

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 SUBJECTIVE QUESTIONS MUST BE ATTEMPTED ON ESSAY SCRIPT

Labor Force, Employment and Out-Migration of Workers Subjective Questions (Total Marks 30)
No. of Questions: 2 (15 Marks Each) Time: 40 Minutes

One Sample Question (actual paper will contain 2 questions in this section)

Instructions:

In this part of examination, two problem statements are shown as 1 and 2. Both of them are required
to be discussed within the outlines indicated as a, b, c and d by the end of each problem statement.
Your answers will be marked on the basis of knowledge of the subject and the lucid argumentation
of the problem statements within the precincts of the provided outlines. The arguments should be
substantiated with the data, facts and figures.

Sample Question

1. After the steady growth in labor migration from Asian countries to GCC over the last
decade. There is some downward trend witnessed in recent years for few Asian countries. Discuss
the factors contributing to this trend, the potential implications and likely policy response from
Pakistan on the following lines:

a) Fall in oil prices, lower growth in infrastructure development and transformation policies
of the economies of GCC;
b) Is the declining trend in labor migration is uniform across all Asian countries;
c) Other attractive destination such as ASEAN for Pakistani workers with same skillset that
is suitable for GCC;
d) Gender gap in migration workers from Pakistan in comparison to other competitor
countries;

THE END

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