CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The Fourth Five-Year Plan was designed for:
A. 1965-70
B. 1970-75
C. 1978-83
D. 1983-88
Correct Answer: B
The Fourth Plan covered 1970-75, although political events disrupted implementation.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's Third Five-Year Plan covered:
A. 1960-65
B. 1965-70
C. 1970-75
D. 1978-83
Correct Answer: B
The Third Plan covered 1965-70.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's Second Five-Year Plan covered:
A. 1955-60
B. 1960-65
C. 1965-70
D. 1970-75
Correct Answer: B
The Second Plan covered 1960-65.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's First Five-Year Plan covered the period:
A. 1948-53
B. 1955-60
C. 1960-65
D. 1965-70
Correct Answer: B
The First Five-Year Plan was for 1955-60.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's Planning Commission traces its institutional establishment to:
A. 1947
B. 1952
C. 1965
D. 1973
Correct Answer: B
The official Planning Commission history identifies 1952 as the establishment year of the federal planning institution.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Before the establishment of the State Bank, central banking functions in Pakistan were temporarily performed by the:
A. Bank of England
B. Reserve Bank of India
C. Imperial Bank of Iran
D. World Bank
Correct Answer: B
Under partition arrangements, the Reserve Bank of India temporarily served both dominions.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The State Bank of Pakistan began operations on:
A. 14 August 1947
B. 1 July 1948
C. 23 March 1956
D. 1 January 1960
Correct Answer: B
The State Bank was inaugurated on 1 July 1948.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
At independence, the dominant sector of Pakistan's economy was:
A. Heavy industry
B. Agriculture
C. Information technology
D. Insurance
Correct Answer: B
Agriculture was the main source of output, employment and exports in the early economy.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
At independence in 1947, Pakistan inherited a relatively weak base of:
A. Agriculture
B. Industrial and financial infrastructure
C. Rivers
D. Population
Correct Answer: B
Pakistan began with limited industrial capacity, institutions, banking facilities and skilled administrative resources.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's major long-term economic challenge is often described as achieving:
A. Import dependence without exports
B. Sustained, inclusive and productivity-led growth
C. Zero private investment
D. Permanent price controls
Correct Answer: B
Policy documents emphasize durable growth based on productivity, exports, investment and inclusion.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
An economy in which the informal sector is large typically faces difficulty in:
A. Broadening the tax base and measuring activity
B. Producing any agricultural goods
C. Maintaining a currency
D. Having a central bank
Correct Answer: A
Informality complicates documentation, productivity measurement, labour protection and tax collection.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Which of the following is a stock variable?
A. Annual exports
B. Monthly inflation
C. Public debt at end-March
D. Annual remittances
Correct Answer: C
Public debt at a specific date is a stock variable.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Which of the following is a flow variable?
A. Public debt at a date
B. Foreign reserves at a date
C. GDP during a year
D. Capital stock at a date
Correct Answer: C
GDP measures production over a period, while debt, reserves and capital stock are stocks at a point in time.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The national accounts of Pakistan are officially compiled by:
A. State Bank of Pakistan
B. Pakistan Bureau of Statistics
C. Federal Board of Revenue
D. SECP
Correct Answer: B
PBS is the official statistical agency responsible for national accounts and major economic statistics.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The abbreviation FY2026 in Pakistan generally refers to:
A. January-December 2026
B. July 2025-June 2026
C. July 2026-June 2027
D. April 2025-March 2026
Correct Answer: B
FY2026 is the fiscal year ending in June 2026.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's fiscal year normally runs from:
A. January to December
B. April to March
C. July to June
D. October to September
Correct Answer: C
Pakistan's financial and budget year begins on 1 July and ends on 30 June.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
A structural transformation normally involves movement of labour from:
A. Higher productivity to lower productivity sectors
B. Agriculture toward industry and services
C. Cities toward subsistence farming only
D. Exports toward barter
Correct Answer: B
Developing economies usually shift labour and output toward industry and modern services.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Economic development is broader than economic growth because it also includes:
A. Only growth in currency notes
B. Human welfare and structural change
C. Only stock-market gains
D. Only government borrowing
Correct Answer: B
Development includes income growth, education, health, productivity, inclusion and structural transformation.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Economic growth is most commonly measured by the percentage change in:
A. Real GDP
B. Nominal exchange rate only
C. Tax rates
D. Population alone
Correct Answer: A
Real GDP growth is the standard measure of growth in economic output.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Real GDP is measured using:
A. Current prices
B. Constant prices
C. Black-market prices
D. Import prices only
Correct Answer: B
Real GDP removes the effect of price changes by using constant prices.