ECO610 Quiz 1

Q1. Which of the following expenditure used to remain higher in Pakistan's budget every year in past;

1. Expenditure on Defence
2. Expenditure on Social sector
3. Expenditure on Health
4. Expenditure on Education

Correct answer: Expenditure on Defence

Q2. National Finance Commission (NFC) is supposed to announce an award after every;

1. Two years
2. Four years
3. Five years
4. Three years

Correct answer: Five years

Q3. Process of building canals took place in all over India, but particular focus was:

1. Kashmir
2. Sindh
3. Balochistan
4. Punjab

Correct answer: Punjab

Q4. According to World Bank and IMF the importance of fiscal deficit is even higher in case of;

1. European countries
2. Developing countries
3. Scandinavian countries
4. Developed Countries

Correct answer: Developing countries

Q5. Important events in Pakistan's agricultural history, Green Revolution occurred in;

1. 1950’s
2. 1960’s
3. 1940’s
4. 1970’s

Correct answer: 1960’s

Q6. The second Land Reforms in Pakistan were undertaken during;

1. 1959
2. 1977
3. 1972
4. 1981

Correct answer: 1972

Q7. A piece of land that is normally used for farming but that is left with no crops on it for a season in order to let it recover its fertility is an example of;

1. Fertile Land
2. Fallow Land
3. Cultivated land
4. Barani Land

Correct answer: Fallow Land

Q8. The exchange rate and trade policies adopted by Pakistan during 1947-1958, led to ;

1. Agricultural Development
2. Import Substitution Industrialization
3. Industrial Backwardness
4. Import Promotion

Correct answer: Import Substitution Industrialization

Q9. World bank and IMF have concluded that three year structural adjustment program (1993) went well especially for;

1. Agriculture sector
2. Servicing sector
3. Industrial sector
4. No sector

Correct answer: No sector

Q10. In 1947, having 75% of the world’s Jute production, Pakistan was having;

1. Two Jute Mills
2. One Jute Mill
3. No Jute Mill
4. Three Jute Mills

Correct answer: No Jute Mill