Industrial | MCQs

Explanation

The main three sectors of economy of Pakistan are agricultural, industrial and services sectors.

Textile is the largest export industry in Pakistan

Agriculture is the largest sector of economy of Pakistan. 

Explanation

The Industrial Development Bank of Pakistan (IDBP) was established in 1961 to promote industrial growth.

It provided financial assistance to small and medium-sized industries in Pakistan.

Industrial Development Bank of Pakistan headquarters: Karachi

Explanation

Explanation

Correct sentence: "Ali went to the factory by himself."

"To" shows direction, "by himself" shows he went alone.

Explanation

At the time of partition in 1947, only 34 out of 921 industries came under the jurisdiction of Pakistan.

These industries were part of the assets and resources inherited by Pakistan from the British Raj after independence.

Explanation

Pakistan received only 34 out of 921 industrial units in united India.

It included cotton textile, cigarettes, sugar, rice husking, cotton ginning, and flour milling industries.

These industries contributed only 7% of GDP.

It employed just over 26,000 people.

Explanation

At the time of Partition in 1947, British India had 921 industries in total.

Out of these, only 34 industries were located in the territories that became Pakistan, showing the economic disparity Pakistan faced initially.

Explanation

Karachi Steel Mill was established on the 2nd of July, 1968, and the government decided to sponsor a state-owned Karachi steel mill.

It was a separate corporation according to the Act of 1913.

while

The Pakistan Steel Mills Corporation colloquially referred to as Pak Steels

Predecessor: Karachi Steel Projects

Founded: 30 December 1973 (49 years ago)

Headquarters: Karachi

It was founded on 2nd July 1973 by Zulfiqar Ali Bhutto.

The completion of the Steel Mill was launched by General Zia Ul Haq on 15 January 1985.

Steel Mill was established with the support of Russia.

Explanation

China and Pakistan broke ground on the Allama Iqbal Industrial City (AIIC) in Faisalabad on January 3, 2020

The AIIC is a Special Economic Zone (SEZ) that is being developed as part of the China-Pakistan Economic Corridor (CPEC)

Explanation

PIDC stands for Pakistan Industrial Development Corporation

PIDC is a state corporation of Pakistan working under the Ministry of Industries and Production.

It was established in 1952. 

PIDC's Subsidiary: Pakistan Gems and Jewellery Development Company