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.

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390 questions · page 7 of 20

  • A. individuals may be compared to playwrights
  • B. the economy may be compared to the director
  • C. society may be compared to a troupe of actors
  • D. social scientists may be compared to stage hands

Explanation: In the play-script analogy, culture provides the script while society is like the group of actors who enact it.

Correct answer: society may be compared to a troupe of actors
  • A. we may begin to our national identity
  • B. the United States will be divided into a number of smaller nations
  • C. we must keep out all new immigrants
  • D. we will not defend the nation from invasion

Explanation: The concern about hyphenated identities is that strong ethnic or cultural labels may weaken a shared American national identity.

Correct answer: we may begin to our national identity
  • A. older tribal loyalties must be abandoned
  • B. a "we are feeling must emerge among people
  • C. people must acknowledge a common history and a sense of a common future
  • D. all of these

Explanation: Nation-building requires shared belonging, recognition of common historical experience and commitment to a common future; older tribal…

Correct answer: all of these
  • A. Nepal
  • B. Pakistan
  • C. India
  • D. China

Explanation: India has the largest buffalo population, Pakistan is generally second, and China is commonly listed third.

Correct answer: China
  • A. lettuce
  • B. broccoli
  • C. cabbage
  • D. onions

Explanation: Wisconsin is a major US producer and distributor of cabbage among the listed vegetables.

Correct answer: cabbage
  • A. Kiwi
  • B. Strawberry
  • C. Grapefruit
  • D. Peach

Explanation: Grapefruit is a hybrid offspring of the pomelo and sweet orange. Kiwi, strawberry, and peach are not pomelo hybrids.

Correct answer: Grapefruit
  • A. Cotton
  • B. Wheat
  • C. Sugarcane
  • D. None of them

Explanation: Wheat is generally classified as a food crop, while cotton and sugarcane are classic commercial or cash crops grown mainly for sale and…

Correct answer: Wheat
  • A. Moral
  • B. Oyster
  • C. Bugouy
  • D. Cremini

Explanation: Morel, commonly misspelled here as “Moral,” oyster, and cremini are recognized mushroom varieties. “Bugouy” is not a standard mushroom type.

Correct answer: Bugouy
  • A. Australia
  • B. China
  • C. Canada
  • D. Russia

Explanation: China is the world's largest wheat producer, ahead of India and other major producers.

Correct answer: China
  • A. USA
  • B. Argentina
  • C. China
  • D. Cuba

Explanation: Cuba is known as the “sugar bowl” because sugarcane and sugar exports historically dominated its economy.

Correct answer: Cuba
  • A. India
  • B. Indonesia
  • C. Thailand
  • D. Malysia

Explanation: Thailand has traditionally ranked first in natural rubber production, with Indonesia generally second.

Correct answer: Indonesia
  • A. Three
  • B. Four
  • C. Six
  • D. Eight

Explanation: Pakistan has traditionally ranked fourth among major cotton-producing countries, behind countries such as China, India and the United…

Correct answer: Four
  • A. Brazil
  • B. Sri Lanka
  • C. pakistan
  • D. None of these

Explanation: Brazil produces more coffee than any other country, especially Arabica and Robusta varieties.

Correct answer: Brazil
  • A. Maize
  • B. Rice
  • C. Soybean
  • D. Millets

Explanation: Rice is one of China’s major agricultural products, along with tea, tobacco and cotton.

Correct answer: Rice
  • A. Cotton
  • B. Jute
  • C. Tea
  • D. All of above

Explanation: Cotton, jute and tea are all cash crops because they are mainly grown for sale and industrial or commercial use rather than direct…

Correct answer: All of above
  • A. Birds
  • B. Insects
  • C. Mice
  • D. None of these

Explanation: Insects are the most widespread plant pests and cause extensive damage by feeding on leaves, stems, roots, fruits and seeds.

Correct answer: Insects
  • A. Sugarcane
  • B. Maize
  • C. Cotton
  • D. None of the above

Explanation: Cotton has historically been the signature commercial crop of the Nile Delta, supported by its fertile alluvial soil and irrigation.

Correct answer: Cotton
  • A. Mild Steel
  • B. Stainless Steel
  • C. Wrought Iron
  • D. Cast Iron

Explanation: Cast iron contains roughly 2 to 4 percent carbon, more than mild steel, stainless steel or wrought iron.

Correct answer: Cast Iron
  • A. Anthracite
  • B. Bituminous
  • C. Lignite
  • D. Peat

Explanation: Peat is the first stage in coal formation, produced from partially decomposed plant material in waterlogged conditions.

Correct answer: Peat
  • A. USA
  • B. UK
  • C. Russia
  • D. India

Explanation: The United States generates more nuclear electricity than any other country because it has the world’s largest nuclear reactor fleet.

Correct answer: USA