Free Economy of Pakistan MCQs with Answers

390 Economy of Pakistan MCQs from Economics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.

Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.

Last updated

390 questions · page 6 of 20

  • A. social class
  • B. religion
  • C. race
  • D. residence

Explanation: With successive generations, immigrants often become culturally integrated into the host society, so ethnic ancestry may become less…

Correct answer: religion
  • A. They are recognizable by their visible ascribed traits or cultural customs
  • B. They are subject to differential treatment
  • C. They are not aware of their minority status
  • D. They are aware of a common group identity

Explanation: Minority groups commonly recognize their shared status and experience differential treatment by the dominant group.

Correct answer: They are not aware of their minority status
  • A. most powerful
  • B. subordinate
  • C. largest
  • D. oldest

Explanation: A dominant group is defined by its control over valued resources, institutions, and decision-making power, not necessarily by numerical…

Correct answer: most powerful
  • A. differentiate among people within societies
  • B. equalize the status of people in a society
  • C. oppress children and the old
  • D. create conflict between old and young

Explanation: Social stratification ranks people into unequal layers according to factors such as wealth, power, prestige, or occupation.

Correct answer: differentiate among people within societies
  • A. Female headed households
  • B. children
  • C. minorities
  • D. all of the above

Explanation: Female-headed households, children, and minorities are all commonly identified as groups facing above-average poverty risk because of…

Correct answer: all of the above
  • A. education
  • B. religion
  • C. hard work
  • D. belonging to organized crime

Explanation: Education can improve occupational opportunities, skills, income, and social mobility, helping a person move beyond the low status…

Correct answer: education
  • A. SES
  • B. BES
  • C. CES
  • D. TES

Explanation: SES means socioeconomic status, a multidimensional measure combining factors such as income, education, and occupation to locate people…

Correct answer: SES
  • A. The Soviet Union
  • B. China
  • C. The United States
  • D. none of the above

Explanation: No listed society is completely free of social classes or unequal access to power and resources, even where governments officially claim…

Correct answer: none of the above
  • A. Estate
  • B. Class
  • C. Caste
  • D. Strata

Explanation: A caste system is a closed form of stratification in which social position is assigned by birth and movement between groups is highly…

Correct answer: Caste
  • A. professors
  • B. physicians
  • C. ministers
  • D. research scientists

Explanation: Physicians traditionally combine relatively high social prestige with high earnings, giving them both status and wealth.

Correct answer: physicians
  • A. the owners of the means of production
  • B. persons who have similar forms of power prestige or wealth
  • C. categories of people set up by governments
  • D. people especially endowed by nature

Explanation: Modern class analysis treats class as a socioeconomic grouping based on unequal access to power, prestige, and wealth, not merely…

Correct answer: persons who have similar forms of power prestige or wealth
  • A. inequality is a motivating force for people to rise in the stratification system
  • B. Everyone is talented equally
  • C. Marxism tries to explain all social problems
  • D. Democracy delivers equality better than Marxism does

Explanation: A common criticism of Marxism is that it attempts to explain too many social problems mainly through class conflict and economic factors.

Correct answer: Marxism tries to explain all social problems
  • A. it is virtually impossible not to view people and situations in terms of some of the norms and categories derived from one,s own cultural experiences
  • B. people are intolerant by nature
  • C. people are afraid and distrustful of strangers
  • D. it is impossible to understand another culture or subculture without having been raised in it

Explanation: Ethnocentrism means interpreting other people and situations through the norms learned in one's own culture.

Correct answer: it is virtually impossible not to view people and situations in terms of some of the norms and categories derived from one,s own cultural experiences
  • A. the economy medicine family religion and education
  • B. the military religion government family and education
  • C. the family the economy government the military and education
  • D. the economy government religion family and education

Explanation: The five pivotal institutions are the economy, government, religion, family, and education.

Correct answer: the economy government religion family and education
  • A. public recognition
  • B. the threat of force
  • C. a transgression of the law
  • D. all of the above

Explanation: Official sanctions are formal responses, such as awards or public commendations, and therefore commonly involve public recognition.

Correct answer: public recognition
  • A. a violation striking to the very heart of society
  • B. a legally punishable offense
  • C. a slight to one,s group but not a punishable offense
  • D. an incident of no consequence whatsoever

Explanation: Folkways are ordinary customs and etiquette rather than serious moral rules or laws.

Correct answer: a slight to one,s group but not a punishable offense
  • A. may well be unintelligible as translated in some languages
  • B. is the product of a distinct world view?
  • C. emphasizes the difficulty of understanding another culture as its participants understand it
  • D. all of the above

Explanation: The Sapir-Whorf hypothesis holds that language influences how people perceive and organize reality, making another culture's meanings…

Correct answer: emphasizes the difficulty of understanding another culture as its participants understand it
  • A. symbol systems
  • B. cultural traits
  • C. normative systems
  • D. human values

Explanation: Language, gestures, and music communicate meanings through shared signs, so they are symbol systems.

Correct answer: symbol systems
  • A. is based on symbols in animals and on signals among humans
  • B. is a property of all higher animal groups?
  • C. is arguably possessed to some degree by nonhuman primates as well as humans
  • D. all of the above

Explanation: Some nonhuman primates display limited learned social practices, so culture may be present to a degree beyond humans.

Correct answer: is arguably possessed to some degree by nonhuman primates as well as humans
  • A. is the work of generation?
  • B. is not always a deliberate act
  • C. never results in a final authorized script
  • D. all of the above

Explanation: Culture develops across generations, often without deliberate planning, and has no single final script or authorised version.

Correct answer: all of the above