ECO610 Midterm Module-wise MCQs

ECO610 Module wise Mcqs for · Midterm by AC · Module 1

Q1. What was the approximate share of the agriculture sector in Pakistan's GDP at the time of independence?

1. 19.5%
2. 7.8%
3. 53%
4. 11.9%

Correct answer: 53%

Q2. What was the approximate share of the manufacturing sector in Pakistan's GDP at the time of independence?

1. 19.5%
2. 7.8%
3. 53%
4. 11.9%

Correct answer: 7.8%

Q3. What was the approximate share of the trade sector in Pakistan's GDP at the time of independence?

1. 19.5%
2. 7.8%
3. 53%
4. 11.9%

Correct answer: 11.9%

Q4. What is the current share of the agriculture sector in Pakistan's GDP?

1. 19.5%
2. 7.8%
3. 53%
4. 11.9%

Correct answer: 19.5%

Q5. What is the current share of the industrial sector in Pakistan's GDP?

1. 20.88%
2. 42.3%
3. 59.59%
4. 65%

Correct answer: 20.88%

Q6. What is the current share of the services sector in Pakistan's GDP?

1. 20.88%
2. 42.3%
3. 59.59%
4. 65%

Correct answer: 59.59%

Q7. What was the approximate proportion of the labor force involved in the agriculture sector at the time of independence?

1. 19.5%
2. 7.8%
3. 53%
4. 65%

Correct answer: 65%

Q8. What is the current proportion of the labor force involved in the agriculture sector?

1. 19.5%
2. 7.8%
3. 53%
4. 42.3%

Correct answer: 42.3%

Q9. What is one of the key indicators highlighting the extraordinary structural transformation of Pakistan over time?

1. The huge transformation in economic, social and political power from the agriculturist towards an urban and rural middle class
2. The decrease in the population of East Pakistan
3. The increase in the population of West Pakistan
4. The adverse international conditions faced by Pakistan

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

Q10. What was the approximate size of West Pakistan compared to East Pakistan at the time of independence?

1. Half the size of East Pakistan
2. Same size as East Pakistan
3. Twice the size of East Pakistan
4. 6 times the size of East Pakistan

Correct answer: 6 times the size of East Pakistan

Q11. Which plan was launched in 1951 to provide assistance to Pakistan?

1. Marshall Plan
2. Colombo Plan
3. Five-Year Plan
4. None of the above

Correct answer: Colombo Plan

Q12. What was the amount of assistance provided under the Colombo Plan in the 1950s?

1. Rs. 2600 million
2. Rs. 260 million
3. Rs. 26 million
4. Rs. 2.6 million

Correct answer: Rs. 2600 million

Q13. Which of the following was a policy success during the Laying the Foundations period (1947-1958)?

1. Decline in agricultural growth rate
2. Ban on imports of cotton textiles and luxury goods
3. Severe floods in Sindh and Punjab
4. Deficit financing throughout the 1950s

Correct answer: Ban on imports of cotton textiles and luxury goods

Q14. What was the growth rate in the manufacturing sector during the Laying the Foundations period (1947-1958)?

1. 34%
2. 5%
3. 7.8%
4. 11.9%

Correct answer: 34%

Q15. Which event had a significant impact on Pakistan's economy during the Laying the Foundations period (1947-1958)?

1. Indus Water Treaty
2. Korean War (1950-1953)
3. 1965 War
4. Structural Adjustment Programs

Correct answer: Korean War (1950-1953)

Q16. What was the key feature of the Decade of Development period (1958-1968)?

1. Considerable economic growth
2. Decline in agricultural growth rate
3. Severe floods in Sindh and Punjab
4. Deficit financing throughout the 1950s

Correct answer: Considerable economic growth

Q17. What was the growth rate in the agriculture sector during the Decade of Development period (1958- 1968)?

1. 34%
2. 5% per annum
3. 7.8%
4. 11.9%

Correct answer: 5% per annum

Q18. What was the key policy success during the Decade of Development period (1958-1968)?

1. Economic and social reforms
2. Decline in agricultural growth rate
3. Severe floods in Sindh and Punjab
4. Deficit financing throughout the 1950s

Correct answer: Economic and social reforms

Q19. What was the main issue that arose during the Decade of Development period (1958-1968) between the two wings of Pakistan?

1. Regional disparities in industry and agriculture
2. Feeling of East Pakistan of utter neglect and demand for full autonomy
3. Increase in exports
4. Inflow of American aid

Correct answer: Feeling of East Pakistan of utter neglect and demand for full autonomy

Q20. What was the approximate size of the increase in investment during the Decade of Development period (1958-1968)?

1. Doubled
2. Tripled
3. Remained the same
4. Halved

Correct answer: Tripled

Q21. Which economic policy tool was used extensively during the Laying the Foundations period (1947- 1958)?

1. Fiscal policy
2. Monetary policy
3. Deficit financing
4. Structural adjustment

Correct answer: Deficit financing

Q22. What was the key issue in the agriculture sector during the Laying the Foundations period (1947- 1958)?

1. Technological breakthrough
2. Decline in growth rate
3. Green Revolution
4. Land reforms

Correct answer: Decline in growth rate

Q23. Which sector saw the highest growth during the Decade of Development period (1958-1968)?

1. Agriculture
2. Manufacturing
3. Trade
4. Services

Correct answer: Manufacturing

Q24. What was the key policy tool used to promote industrial growth during the Laying the Foundations period (1947-1958)?

1. Import substitution