Introduction to Pakistan Economy Important Short Questions

Q.1:     How many industrial units did Pakistan get at the time of independence?

Ans:     At the time of independence Pakistan got 34 industrial unit out of 921 industrial units of united India.

Q2:      Write down the names of important crops of Pakistan.

Ans:     Cotton, Rice, Sugarcane, Maize, Wheat, Gram, Lentil, Tobacco, rapeseed etc.

Q3:      Write down the names of kharif crops.

Ans:     Kharif props includes rice, sugarcane, cotton, Maize, long, March, Bajra and Jowar etc.

Q4:      Write down the names of crops in Rabi crops.

Ans:     Rabi crops includes wheat, gram, lentil (masoor), tobacco, rapeseed, barely and mustard etc.

Q5:      Write down the names of major industries in Pakistan?

Ans:     1) Texile industry 2) Aautomobile industry 3) Fertilizer industry 4) Cement industry

Q6:      Write down the names of major products of the textile sector.

Ans:     Textile industry produces cotton yarn, cotton cloth, hosiery products, ready-made garments, silk yarn, woolen products, tents, towels and carpets.

Q7:      What is meant by S.M.E.D.A.?

Ans:     The government has established a Small and Medium size Enterprises Development Authority (SMEDA) to help and solve the problems of Small and Medium Enterprises.

Q8:      What is Stock Exchange/Stock Market?

Ans:     Stock Exchange market or capital market deals in long-term financial instruments such as Shares of joint-stock companies, Bonds, Securities, Debentures etc. The stock market is very essential for the expansion of investment and employment opportunities in the country.

Q9:      Write down the name of Stock Exchange markets working in Pakistan.

Ans:     1) Karachi Stock Exchange 2) Lahore Stock Exchange 3) Islamabad Stock Exchange

Q10:    What is infrastructure?

Ans:     Infrastructure provides the basis for economic development in a country. It includes means of transportation and communication, the energy sector (electricity, petrol, natural gas), banking sector etc.

Q.11:     State major exports of Pakistan.

Ans:     Cotton, cotton yarn, cotton cloth, rice, leather and leather products, surgical instruments, sports goods, carpets, hosiery, and readymade garments.

Q.12:     State main imports of Pakistan.

Ans:     Machinery, petroleum, and its products, Chemicals, transport goods edible oil, iron and steel, fertilizer anti and tea.