ECO610 Midterm MCQs 2024 by Miss Mehwish

Past Papers for Mids./Finals are also Available

1. These were part of ruling class having their own armies for kings support during Mughal Rule:

• Tenants
• Mansab dars
• Zamidars

Correct option: Mansab dars

Q2. How much was manufacturing sector's contribution towards Pakistan's (west) GDP at the time of independence?

• Around 10%
• Around 11%
• Around 9%
• Around 8%

Correct option: Around 8%

3. In the period 1972-77 the role of public sector in industrial development was considerably:

• Reduced
• Decreased
• Stagnant
• Expanded

Correct option: Reduced

4. In 1947, having 75% of the world's Jute production, Pakistan was having:

• One Jute Mill
• Two Jute Mills
• Three Jute Mills
• No Jute Mill

Correct option: No Jute Mill

5. According to World Bank and IMF the importance of fiscal deficit is even higher in case of:

• European countries
• Developed Countries
• Developing countries
• Scandinavian countries

Correct option: Developing countries

6. Important events in Pakistan's agricultural history, Green Revolution occurred in:

• 1950's
• 1940's
• 1960's
• 1970's

Correct option: 1960's

7. In the initial years of Pakistan, to manage international trade government used:

• Quantitative Controls
• No controls
• Monetary Controls
• Social controls

Correct option: Monetary Controls

8. The agriculture price policy related to prices of seeds, fertilizers and pesticides is categorized as:

• Input price policy
• Output price policy
• Exports price policy