ECO610 Midterm MCQs

ECO610 Midterm Mcqs by AC

Q1. What was the percentage contribution of agriculture to GDP at the time of Pakistan's independence?

Answer: 53%

Q2. What was the percentage contribution of manufacturing to GDP at the time of Pakistan's independence?

Answer: 7.8%

Q3. What was the percentage contribution of the trade sector to GDP at the time of Pakistan's independence?

Answer: 11.9%

Q4. What is the current percentage contribution of the agriculture sector to GDP?

Answer: 19.5%

Q5. What is the current percentage contribution of the industrial sector to GDP?

Answer: 20.88%

Q6. What is the current percentage contribution of the services sector to GDP?

Answer: 59.59%

Q7. Which key indicator highlights the extraordinary structural transformation of Pakistan over the time period?

Answer: The huge transformation in economic, social, and political power from the agriculturist towards an urban and rural middle class.

Q8. What was the population of East Pakistan as a percentage of the total population of Pakistan at the time of independence?

Answer: 55%

Q9. How did the geographical size of West Pakistan compare to that of East Pakistan at the time of independence?

Answer: West Pakistan was 6 times more than East Pakistan.

Q10. What was the focus of economic policy-making during the Decade of Development (1958-1968)?

Answer: Model Capitalist Economy

Q11. What was the rate of growth in the manufacturing sector during the Decade of Development (1958- 1968)?

Answer: High growth rate

Q12. What was the rate of growth in the agriculture sector during the Decade of Development (1958- 1968)?

Q13. What was the impact of the 1965 war on the economic and political tensions between the two wings of Pakistan?

Q14. What was the focus of economic and social reforms during the Decade of Development (1958- 1968)?

Answer: Increase in investment and technological breakthrough in agriculture.

Q15. What was the issue of regional disparities during the Decade of Development (1958-1968)?

Answer: Industry and agriculture concentrated in Central Punjab and industry in Karachi, leading to a feeling of neglect in East Pakistan.

Q16. What was the demand of East Pakistan during the Decade of Development (1958-1968) due to the feeling of neglect?

Q17. What was the impact of the precarious domestic situation with millions of refugees on the newly independent Pakistan?

Answer: Attempts of bureaucracy to keep Pakistan on its feet.

Q18. What was the launch of the Colombo Plan in 1951 and its purpose?

Answer: The Colombo Plan was launched in 1951 with a provision of Rs. 2600 million to provide for very basic necessities and build an economic base through the state sector.

Q19. What was the policy success during the Laying the Foundations period (1947-1958) in terms of industrial growth?

Answer: Manufacturing sector growth of 34% (1952-54).

Q20. What were the policy failures during the Laying the Foundations period (1947-1958)?

Answer: Decline in agricultural growth rate (1951-1958), severe floods in Sindh and Punjab (1948), and deficit financing throughout the 1950s.

Q1. What was the structure of the agriculture sector in Pakistan before British rule?

Answer: Predominantly feudal.

Q2. What was the impact of British colonialism on the agriculture sector in Pakistan?

Answer: Commercialization and cash cropping.

Q3. Was the agriculture sector in Pakistan feudal or capitalist in nature?

Answer: Feudal.

Q4. What was the impact of the Green Revolution on the agriculture sector in Pakistan?

Answer: Significant technological breakthrough and productivity gains.

Q5. What were the major land reform efforts in the agriculture sector of Pakistan?

Answer: Land reforms.

Q6. What were the key issues faced by the agriculture sector in Pakistan?

Answer: Stagnation, low productivity, and lack of modernization.

Q7. How did the agriculture sector perform before the British rule in Pakistan?

Answer: Self-sufficient and subsistence-based.

Q8. What was the impact of the Indus Water Treaty on the agriculture sector in Pakistan?

Answer: Investments in water and power infrastructure.

Q9. What was the rate of growth in the agriculture sector during the Decade of Development (1958- 1968)?

Q10. What was the focus of economic and social reforms during the Decade of Development (1958-1968) in the agriculture sector?

Answer: Technological breakthrough and productivity gains.

Q11. What were the regional disparities in the agriculture sector during the Decade of Development (1958-1968)?

Answer: Concentration of agriculture in Central Punjab.

Q12. How did the feeling of neglect in East Pakistan affect the agriculture sector during the Decade of Development (1958-1968)?

Q13. What was the impact of the 1965 war on the agriculture sector in Pakistan?

Q14. What were the key issues faced by the agriculture sector in Pakistan in terms of stagnation and low productivity?

Answer: Lack of modernization and technological advancement.

Q15. How did the feudal structure of the agriculture sector in Pakistan impact its development and transformation?

Answer: Hindered modernization and productivity gains.

Q16. What was the role of land reforms in addressing the issues in the agriculture sector of Pakistan?

Answer: Aimed to address the feudal structure and promote modernization.

Q17. How did the Green Revolution impact the productivity and technological advancement in the agriculture sector of Pakistan?

Answer: Significant productivity gains through technological breakthroughs.