CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
A rise in nominal GDP can result from:
A. Only higher production
B. Only lower prices
C. Higher production, higher prices, or both
D. A decline in population only
Correct Answer: C
Nominal GDP is measured at current prices and can rise because of output or price increases.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Per capita income is calculated by dividing national income by:
A. The labour force
B. The number of taxpayers
C. Population
D. The number of firms
Correct Answer: C
Per capita income is an average obtained by dividing income by population.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Gross National Income differs from GDP mainly because it includes:
A. Net primary income from abroad
B. Only agricultural output
C. Only indirect taxes
D. Foreign aid as production
Correct Answer: A
GNI adjusts GDP for net income received from or paid abroad.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
GDP measures the value of final goods and services produced:
A. By citizens anywhere in the world
B. Within a country's territory
C. Only by government-owned firms
D. Only for export
Correct Answer: B
Gross Domestic Product is based on production within the domestic territory.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The term 'value added' means:
A. Total sales without deducting inputs
B. Output value minus intermediate consumption
C. Only wages paid by firms
D. Government tax revenue
Correct Answer: B
Value added is the additional value created after deducting the cost of intermediate inputs.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Which sector historically employs a large share of Pakistan's labour force and supports rural livelihoods?
A. Agriculture
B. Capital market
C. Insurance
D. Telecommunications only
Correct Answer: A
Agriculture remains central to rural income, food security and employment.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Which sector has the largest share in Pakistan's GDP in recent years?
A. Agriculture
B. Industry
C. Services
D. Mining
Correct Answer: C
The services sector is Pakistan's largest GDP sector.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The three broad sectors used in Pakistan's national accounts are:
A. Agriculture, industry and services
B. Public, private and foreign
C. Rural, urban and tribal
D. Federal, provincial and local
Correct Answer: A
National accounts divide economic activity into agriculture, industry and services.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's economy is generally classified as a:
A. Pure command economy
B. Mixed economy
C. Subsistence economy only
D. Barter economy
Correct Answer: B
Pakistan combines private enterprise with public-sector regulation, ownership and intervention; it is therefore a mixed economy.