Economic Indicators | MCQs

Explanation

Explanation

Fitch Ratings upgraded Pakistan's credit rating from 'CCC+' to 'B-' in April 2025, citing several key factors:

• Improved Fiscal Discipline: The government's efforts to narrow budget deficits and implement structural reforms under the IMF program contributed to the upgrade.

• Structural Reforms: Pakistan's commitment to implementing structural reforms, including agricultural tax legislation and fiscal consolidation measures, was recognized by Fitch.

• Economic Indicators: Positive economic indicators, such as a reduction in the government debt-to-GDP ratio and improved fiscal performance, supported the rating upgrade.

Explanation

 Agriculture constitutes the largest sector of our economy.

The majority of the population, directly or indirectly, is dependent on this sector.

AGM 02.05.2023

Explanation

in 2019 Agriculture contributed around 22.4% to the GDP OF PAKISTAN, 18.34% came from industry, and over half of economies contribution of GDP  came from the services sector.

Explanation

Dearth means a lack or scarcity, while Glut refers to an excess.

Similarly, Lack is the opposite of Surplus, making it the correct analogy.

Explanation

Large-scale manufacturing in Pakistan saw a growth of 8.11% during July-March FY 2023.

This growth indicates a moderate recovery in the sector despite ongoing economic challenges.

Explanation

According to the Economic Survey of Pakistan 2022-23, per capita income in Pakistan was USD 1,568.

This figure represents a significant indicator of economic performance and individual wealth within the country.

Explanation

According to the Economic Survey of Pakistan 2022-23, the GDP growth rate of Pakistan for the financial year 2023 was 0.29%.

This rate indicates significant economic challenges during that period.

Explanation

Trade deficit of Pakistan in 2019: 23.18 US billion 

Trade deficit of Pakistan in 2018: 31.8 billion US dollars

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Explanation

Their share price fell to below ten rupees yesterday.