What could a government do to correct the current account deficit?

D. Reduce the deficit on the balance of trade

A. Appreciate the domestic currency significantly

B. Increase government spending on imports

C. Decrease interest rates to boost consumption

D. Reduce the deficit on the balance of trade

Pakistan Studies · Economy & Development · page 10 of 15

Industry & Trade MCQs with Answers

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Industry & Trade MCQs (91–100)

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Past paper MCQs in this chapter · See all past papers

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91.
What could a government do to correct the current account deficit?
Correct Answer: D. Reduce the deficit on the balance of trade
One-liner
A government can correct the current account deficit by taking measures to reduce the deficit on the balance of trade.
92.
Pakistan exports first ever meat consignment to which country?
Correct Answer: D. Jordan
One-liner
Pakistan exported its first-ever meat consignment to Jordan.
93.
Which is the first dry port of Pakistan?
Correct Answer: B. Lahore
One-liner
The first dry port of Pakistan is Lahore, established to facilitate inland cargo handling and customs clearance.
94.
What is Pakistan's biggest export commodity?
Correct Answer: C. Textiles
One-liner
Pakistan's biggest export commodity is Textiles, which accounts for the largest share of the country's total export earnings.
95.
Pakistan spends majority of the foreign reserves on _ payments.
Correct Answer: C. Oil and Gas
One-liner
Pakistan spends the majority of its foreign reserves on Oil and Gas payments, making energy imports the single largest drain on the country's foreign exchange.
96.
Karachi steel mills were established in _?
Correct Answer: B. 1968
One-liner
Karachi Steel Mills (Pakistan Steel Mills) was established in 1968 with the assistance of the Soviet Union.
97.
Past Paper MCQ
Which industry was growing in Pakistan before 1958?
Correct Answer: D. Cottage industry
One-liner
Before 1958, the cottage industry was the most prominent and growing sector in Pakistan's economy.
98.
President of Pakistan launched Asaan Karobar Programme on the date:
Correct Answer: A. 18-03-2022
One-liner
President Dr. Arif Alvi launched the Asaan Karobar Programme on 18-03-2022 to facilitate small businesses in Pakistan.
99.
_ is the second-largest importer of Pakistan?
Correct Answer: C. UAE
One-liner
The UAE is the second-largest importer (export destination) of Pakistani goods.
100.
Who is Pakistan's 2nd largest trading partner?
Correct Answer: C. European Union
One-liner
Pakistan's 2nd largest trading partner is the European Union.

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Industry & Trade MCQs with Answers

Industry & Trade MCQs (91–100)

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