ECO610 Quiz 1 Set 2

Q1. A major issue of taxation is Pakistan’s tax to GDP ratio which is;

1. Remarkable
2. Low / stagnant
3. Decreasing
4. Increasing

Correct answer: Low / stagnant

Q2. Privatization process in Pakistan is strongly criticized on following ground;

1. Transparency in procedure
2. Efficient bidding process
3. Consistent procedure
4. Incorrect bid evaluation

Correct answer: Incorrect bid evaluation

Q3. In the economic perspective, socialism experiment of the government during bad luck years left;

1. Impressive impact
2. No impact
3. Negative impact
4. Positive impact

Correct answer: Negative impact

Q4. A system in Sindh in which state was landlord and the occupant was its ryot / tenant, named as;

1. Zamidari System
2. Jagirdari system
3. Fedual system
4. Ryotwari system

Correct answer: Ryotwari system

Q5. One of the important problem in provincial resource mobilization structure is low growth in tax revenue due to;

1. Infinite tax elasticity
2. Low tax elasticity
3. High tax elasticity
4. Tax elasticity

Correct answer: Low tax elasticity

Q6. According to Asian development bank, import liberalization of first half of 1960’s in Pakistan would have been impossible without;

1. Green Revolution
2. Korean War
3. 1965 War
4. Foreign Aid

Correct answer: Foreign Aid

Q7. USA is world's largest debtor nation which, despite rising deficits and debt in country shows;

1. Economic backwardness
2. Economic stagnancy
3. None of the given options
4. Economic Growth

Correct answer: Economic Growth

Q8. Pakistan Industrial Development Corporation (PIDC) was established in;

1. 1952
2. 1953
3. 1950
4. 1951

Correct answer: 1951

Q9. The exchange rate and trade policies adopted by Pakistan during 1947-1958, led to ;

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

Correct answer: Import Substitution Industrialization

Q10. Which of the following factor supports the capitalistic structure of agriculture;

1. Private ownership of land
2. Emergence of Agriculture Markets
3. All of the given Options
4. Emergence of debt markets

Correct answer: All of the given Options