Economics MCQS

101. Pakistan GDP rank 2021(nominal) in the world is:
A. 30th
B. 35th
C. 42nd
D. 47th


102. Largest sector of Pakistan’s economy is:
A. Industries
B. Agriculture
C. Manufacturing
D. None of these


103. Which one is the largest source of federal revenue?
A. Sales Tax
B. Excise Duty Tax
C. Income Tax
D. None of these


104. Pakistan’s largest import partner is:
A. China
B. France
C. United Kingdom
D. United States


105. Pakistan’s largest import item is
A. Arms
B. Machinery
C. Petroleum
D. Raw material


106. Which of the following is NOT a “Kharif” crop?
A. Rice
B. Wheat
C. Sugarcane
D. Cotton


107. Which of the following is NOT a “Rabi” crop?
A. Sugarcane
B. Wheat
C. Gram
D. Tobacco


108. What sector of Pakistan’s Economy is also known as Raw Cotton Consuming sector?
A. Jute
B. Woolen Industry
C. Knitting
D. Canvas


109. Audit and special audit are the same:
A. An insurance company
B. In Banking company
C. Both of the above
D. None of the above


110. Rent of the premises constitutes variable expense for cost allocation:
A. True
B. False


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