Economics MCQs 6

According to a recent report of International Labour Organization (ILO) the number of people in the World living on two dollars or less a day are:
(a) 2 billion
(b) 3 billion-✔️
(c) 3.5 billion
(d) 4 billion

Pinpoint the source through which budgetary gap is financed in Pakistan?
(a) External borrowing
(b) Domestic non-Bank borrowing
(c) Borrowing from to banking system
(d) All the above sources-✔️

If a country wants to achieve rapid rate of economic development it must save at least:
(a) 25% Gross National Products each year-✔️
(b) 30% Gross National Products each year
(c) 35% Gross National Products each year
(d) 40% Gross National Products each year

Identify the main reason of 'deficit financing' in Pakistan-
(a) Low savings
(b) Rapid growth of Population
(c) Inadequate banking facilities
(d) All the above one-✔️

Pakistan's domestic saving rate of GNP is:
(a) 7%
(b) 9%
(c) 11%-✔️
(d) 14%

Which is the single largest component of GDP of Pakistan?
(a) Industry
(b) Agriculture-✔️
(c) Foreign remittances
(d) None of the above

Which of the following sector is the main source of foreign exchange earnings in Pakistan?
(a) Industry
(b) Agriculture-✔️
(c) Both the above
(d) None of the above one

Identify the duration of the First five year plan of Pakistan:
(a) 1948-52
(b) 1955-60-✔️
(c) 1960-65
(d) 1962-67

What is the share of wheat crop in total cropped area of Pakistan?
(a) 18.05%
(b) 28.07%
(c) 37.01%-✔️
(d) 48.01%

The total area of Pakistan is  million hectares out of which area under forests is:
(a) 3.5%
(b) 4.8%-✔️
(c) 7.3%
(d) 9.3%