Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The 2022 floods damaged Pakistan's economy through losses in:
A. Agriculture, housing and infrastructure
B. Only the capital market
C. Only telecommunications
D. Only customs administration
Correct Answer: A
The floods destroyed crops, homes, livestock and infrastructure and increased fiscal and external pressures.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's policy response to COVID-19 included support for:
A. Households and businesses
B. Only foreign governments
C. Only stockbrokers
D. No economic group
Correct Answer: A
Fiscal, social-protection and monetary measures were used to cushion the shock.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The COVID-19 shock affected Pakistan's economy mainly through:
A. Disrupted production, trade and employment
B. Abolition of digital services
C. Permanent zero inflation
D. No impact on health spending
Correct Answer: A
Lockdowns and global disruption affected output, jobs, trade and public finances.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
CPEC initially concentrated heavily on:
A. Energy and transport infrastructure
B. Only school textbooks
C. Only wheat imports
D. Only privatizing banks
Correct Answer: A
Early-harvest CPEC projects focused on power generation, roads, ports and connectivity.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The China-Pakistan Economic Corridor was formally launched as a major framework in:
A. 2005
B. 2010
C. 2015
D. 2022
Correct Answer: C
CPEC gained major formal momentum with agreements and projects announced in 2015.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The global financial crisis of 2008 affected Pakistan through:
A. External financing, trade and macroeconomic pressures
B. The disappearance of agriculture
C. A permanent budget surplus
D. The end of inflation
Correct Answer: A
Global stress and domestic imbalances led to severe balance-of-payments and stabilization challenges.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Following 2001, Pakistan experienced increased inflows partly because of:
A. Debt rescheduling and external assistance
B. The end of all international relations
C. Abolition of the State Bank
D. Closure of the textile sector
Correct Answer: A
Geopolitical developments were accompanied by external assistance, debt relief and remittance growth.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's nuclear tests in 1998 were followed by:
A. International economic sanctions and external financing pressure
B. Immediate adoption of the euro
C. End of public debt
D. Abolition of imports
Correct Answer: A
Sanctions constrained external financing and intensified balance-of-payments pressures.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Structural adjustment programmes usually aim to address:
A. Macroeconomic imbalances and structural inefficiencies
B. Only sports development
C. Only population census methods
D. Only provincial boundaries
Correct Answer: A
Such programmes typically focus on fiscal, monetary, exchange-rate and institutional reforms.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Economic reforms of the late 1980s and 1990s generally emphasized:
A. Liberalization, deregulation and privatization
B. Complete isolation from trade
C. Abolition of commercial banking
D. Fixed agricultural output
Correct Answer: A
Structural reforms sought a larger market role, lower controls and greater private ownership.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's formal privatization programme was institutionalized with the establishment of the Privatisation Commission in:
A. 1972
B. 1985
C. 1991
D. 1999
Correct Answer: C
The Privatisation Commission was established on 22 January 1991.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Workers' remittances became especially important during the 1970s and 1980s because of:
A. Large-scale labour migration to the Middle East
B. The abolition of overseas employment
C. The end of oil production globally
D. Pakistan joining the EU
Correct Answer: A
Labour migration to Gulf economies generated substantial remittance inflows.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The late 1970s and 1980s saw increasing emphasis on:
A. Denationalization and a larger private-sector role
B. Abolition of remittances
C. Closing overseas employment
D. Ending agriculture
Correct Answer: A
Policy gradually shifted toward private investment, deregulation and selective denationalization.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The main stated objective of nationalization was to:
A. Increase state control over key economic activities
B. Eliminate all taxation
C. End development planning
D. Adopt a currency board
Correct Answer: A
Nationalization sought public control over major industries, banks and strategic sectors.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Commercial banks in Pakistan were nationalized in:
A. 1965
B. 1971
C. 1974
D. 1988
Correct Answer: C
Banking nationalization was undertaken in 1974.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Large-scale nationalization under Prime Minister Zulfikar Ali Bhutto began in:
A. 1958
B. 1972
C. 1985
D. 1991
Correct Answer: B
The government nationalized major industries in 1972.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The separation of East Pakistan in 1971 caused Pakistan to lose a major source of:
A. Jute production and export earnings
B. Petroleum reserves
C. Copper production
D. Natural gas from Sui
Correct Answer: A
East Pakistan was a major jute-producing region and source of export revenue.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Economic disparity between East and West Pakistan became a major issue before:
A. 1947
B. 1971
C. 1988
D. 2001
Correct Answer: B
Regional inequalities were among the major political-economic grievances before the separation of East Pakistan.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The 1965 war adversely affected Pakistan's economy mainly through:
A. Higher defence pressures and disruption of development
B. Abolition of agriculture
C. Creation of the euro
D. End of all exports
Correct Answer: A
War-related pressures diverted resources and affected trade and development momentum.
Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The Indus Basin irrigation system primarily supports Pakistan's:
A. Agriculture
B. Capital market
C. Air transport
D. Insurance industry
Correct Answer: A
The Indus Basin is the foundation of irrigated farming and food production.