Pakistan Economy | MCQs

Explanation

Agriculture is Pakistan's largest economic sector.

It contributing 24% to GDP and employing 42% of the workforce, with major crops.

 Including cotton, wheat, rice, and sugarcane.

Explanation

• the provincial GDP ratio for 2021-2022 in Pakistan is 5.57
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• The revised growth rate of GDP for the year 2020-21 is 5.74 percent which was provisionally estimated at 5.57 percent.
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• Agricultural GDP of Pakistan in 2019: 22.4%
• According to the Economic Survey of Pakistan 2021-22, only 1.77 % of GDP was spent on the education sector in FY2021.
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Explanation

The Economic Survey of Pakistan 2021-22 has pointed out that only 1.77 per cent of GDP was spent on the education sector in 2021.

Explanation

During the era of Ayub Khan (1958-1969), Pakistan experienced significant industrial and agricultural revolutions.

These reforms led to major developments in infrastructure, agriculture, and industry.

Explanation

In 1974, the government of Pakistan nationalized all private banks under the leadership of Prime Minister Zulfikar Ali Bhutto.

Explanation

President Dr Arif Alvi on November 9, 2020 emphasized that elimination of corruption, enhancing efficiency, governance and taking care of the poor are the core areas which must be addressed for the development and progress of the country.

Explanation

جنگلات اور رینج لینڈز 30 ملین ریوڑ کی مدد کرتے ہیں۔ یہ مویشی پاکستان کی سالانہ برآمدی آمدنی میں 400ملین ڈالر کا حصہ ڈالتا ہے

Explanation

In December 2023, Pakistan's GSP+ status is due to expire, and the EU is currently reviewing whether this should be extended or withdrawn.