Economics MCQs volume 1 - 2016 pdf

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1. Which of the following is the currency of Pakistan?

a) Dollar

b) Euro

c) Rupee

d) Yen

Answer: c) Rupee

2. Who is the current Governor of the State Bank of Pakistan?

a) Pervez Khattak

b) Shaukat Tareen

c) Raza Baqir

d) Imran Khan

Answer: c) Raza Baqir

3. Which sector contributes the most to Pakistan's GDP?

a) Agriculture

b) Manufacturing

c) Services

d) Mining

Answer: c) Services

4. Pakistan is a member of which international organization to promote trade and economic cooperation?

a) World Trade Organization (WTO)

b) United Nations (UN)

c) International Monetary Fund (IMF)

d) South Asian Association for Regional Cooperation (SAARC)

Answer: a) World Trade Organization (WTO)

5. Which of the following is the largest source of foreign remittances for Pakistan?

a) Saudi Arabia

b) United States

c) United Kingdom

d) China

Answer: a) Saudi Arabia

6. Pakistan's main exports include textiles, leather goods, and what other major product?

a) Rice

b) Petroleum

c) Automobiles

d) Electronics

Answer: a) Rice

7. Pakistan has a bilateral trade agreement called the China-Pakistan Economic Corridor (CPEC) with which country?

a) China

b) India

c) Afghanistan

d) Iran

Answer: a) China

8. The poverty rate in Pakistan is approximately:

a) 10%

b) 20%

c) 30%

d) 40%

Answer: c) 30%

9. Which of the following industries is a major contributor to Pakistan's economy?

a) Information technology

b) Tourism

c) Textiles

d) Pharmaceuticals

Answer: c) Textiles

10. Pakistan has a trade deficit, which means:

a) Exports exceed imports

b) Imports exceed exports

c) Imports and exports are equal

d) None of the above

Answer: b) Imports exceed exports