MCQs
Economy & Development
Economy & Development | MCQs & Past Papers
9
Total MCQs
0
Topics
2
Past Papers
Economy & Development
Q1
What is the contribution of agriculture to the GDP of Pakistan?
Explanation
Agriculture has historically contributed around one-fifth to one-quarter of Pakistan's GDP, with the given MCQ using 23% as the answer.
Q2
What percentage of foreign remittances comes from Saudi Arabia and the Gulf?
Explanation
Saudi Arabia and the Gulf countries have historically been major sources of remittances sent to Pakistan. The given MCQ uses 68% as the answer.
Q3
Thar coal deposits are known to be:
Explanation
The Thar coalfield in Sindh contains very large coal reserves and is commonly described in Pakistani sources as one of the world's largest coal deposits.
Q4
How is Pakistan's economy rated as currently?
Explanation
Pakistan is generally classified as a developing economy, with agriculture, industry, and services forming major sectors.
Q5
What is the primary hindrance in exports faced by Pakistan?
Explanation
Lack of consistent quality control and compliance with international standards can limit the competitiveness and market access of Pakistani exports.
Q6
Which is one of the major staple food crops of Pakistan?
Explanation
Rice is one of Pakistan's important staple food crops. It is also a significant cash crop and export commodity. Pakistan produces several varieties of rice, including Basmati rice, which is particularly well known in international markets.
Q7
What is the term for goods and services sold to another country?
Explanation
Goods and services sold to another country are called exports. For example, when Pakistan sells rice, textiles, sports goods, or other products to foreign buyers, those products are considered Pakistani exports. In contrast, goods purchased from another country are called imports.
Q8
Which institution has historically played a central role in national development planning in Pakistan?
Explanation
The Planning Commission of Pakistan has historically played a central role in national development planning. It has been associated with preparing development plans, evaluating development projects, and coordinating national development priorities.
Q9
What major economic policy change occurred in Pakistan during the 1970s?
Explanation
During the 1970s, Pakistan adopted significant nationalization policies and socialist-oriented economic reforms, particularly under the government of Zulfikar Ali Bhutto. Several major industries and financial institutions were brought under state ownership as part of the government's economic policy.