Pakistan Economy | MCQs

Explanation

The State Bank of Pakistan was inaugurated on 1st July 1948.

The headquarters of the State Bank of Pakistan in Karachi Sindh.

History of State Bank

Zahid Husain was the founder and the first governor of the SBP from June 1948 to July 1953.

Dr. Shamshad Akhtar was the first female Governor of the SBP in 2006.

Quaid-e-Azam Muhammad Ali Jinnah inaugurated the State Bank of Pakistan.

The Governor is appointed by the President of Pakistan.

Term of five years.

Explanation

Cotton textile production and apparel manufacturing are Pakistan's largest industries.

It accounts for about 65% of the merchandise exports

The textile industry employs about 45% of the country's labor force. 

Pakistan is the fourth largest producer of cotton in the world. 

Pakistan is the eighth largest exporter of textiles in Asia. 

Explanation

The Financial year /tax year of Pakistan is starting from 1 July through 30 June.

Explanation

Explanation

Pakistan's agriculture sector plays a central role in the economy.

Pakistan has been an agricultural country since its inception, agriculture contributes 22.7 to GDP.

Explanation

According to the Labour Force Survey 2020-21, the total labour force in Pakistan was 71.76 million.

This figure represents the number of people who are either employed or actively seeking employment during that period.

Explanation

Explanation

Agriculture is the largest sector in terms of employment in Pakistan.

Around 40% of the country's labor force engaged in agricultural activities.

This making it the backbone of Pakistan's economy.

Explanation

Pakistan needs 12 votes out of 39 to exit the 'grey' list and move to the 'white' list.

To avoid 'black' list, it needs support of three countries.

China, Turkey and Malaysia are its consistent supporters.

Explanation

Muslim League Ministers in the Interim Government of 1946:

• Liaquat Ali Khan – Finance (Introduced the "Poor Man's Budget")
• I. I. Chundrigar – Commerce
• Abdur Rab Nishtar – Communications
• Ghazanfar Ali Khan – Health
• Jogendra Nath Mandal – Law (Legislature)

Liaquat Ali Khan's "Poor Man's Budget" focused on redistributing wealth and addressing the economic disparity between the rich and the poor.