ECO | MCQs

Explanation

Pakistan's second five-year plan was first discussed in a Bank report entitled Economic Development in Pakistan dated August 17, 1960. 

Additional information 

• First Five-Year Plan (1950-1955): Presented by Prime Minister Liaquat Ali Khan on July 8, 1948.
• Second Five-Year Plan (1960-1965): Revived and restated by President Ayub Khan's military government.
• Third Five-Year Plan (1965-1970): Designed like its predecessor, resulting in only modest growth.
• Fourth Five-Year Plan (1970-1975): Abandoned after the fall of Dhaka and replaced with a nationalization program.
• Fifth Five-Year Plan (1978-1983): Aimed to stabilize the economy and improve living standards for the poorest segment of the population.

Explanation

The structure of economy has drastically changed since Pakistan`s inception in 1947 with industry and then services sectors dominated the economy, says a finance ministry report released on August 13, 2022.

Explanation

پاکستان کی تقریبا 60 سے 70 فیصد آبادی بالواسطہ یا بلاواسطہ زراعت سے منسلک ہے۔ 

Explanation

The major exports of Pakistan include:

ð  Textiles, leather and sports goods, chemicals, carpets, and rugs.

ð  Rice, sugar, cotton, fish, fruits, and vegetables

Explanation

The first attempts at land reform in Pakistan occurred under Ayub Khan's government, the West Pakistan Land Reforms Regulation 1959

Explanation

Pakistan Imports from United States were US$1.66 Billion in 2023

Explanation

Human Development Index was developed by Pakistani economist Mahbub ul Haq in 1990.

Human Development Index is released by World Bank.

Explanation

The land between two rivers is called Doab.

Explanation

At the time, the Indian government had about Rs 400 crore in its kitty,

Division of assets finally took place in 4:1 ratio

with the Partition Council allotting the Pakistan Central Bank Rs 75 crore,

which included a working balance of Rs 20 crore made available to the Pakistanis in advance on August 15, 1947.

Explanation

Pakistan first National investment platform launched on February 09, 2021

It will be open to qualifying startups from all NICs and AP incubated and accelerated businesses across Pakistan