Which one of the following is the largest sector of Pakistan’s economy ?

Related Mcqs:

1. Which one of the following is the largest sector of Pakistan’s economy ?

   A. Agriculture
   B. Banking
   C. Industry
   D. Manufacturing

2. Which one of the following is the largest sector of Pakistan’s economy ?

   A. Agriculture
   B. Banking
   C. Industry
   D. Manufacturing

3. Industry is the second largest sector of the economy. How much of GDP it accounts for ?

   A. 16.5%
   B. 18.2%
   C. 19.7%
   D. 20.5%

4. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

5. Aggregate demand in an economy trading internationally with a government sector can be written as ?

   A. AD = C + I
   B. AD = C + I + G
   C. AD = C + I + G + X + Z
   D. AD = C + I + G + X – Z

6. The diagram that shows the income received and payments made by each sector of the economy is the ?

   A. income-expenditures diagram
   B. aggregate demand-aggregate supply diagram
   C. circular flow diagram
   D. income-price diagram

7. For equilibrium in an open four sector economy ?

   A. Actual injections = actual withdrawals
   B. Planned injections = planned withdrawals
   C. Savings = investment
   D. Government spending = tax revenue

8. In which sector the largest labour force is attached in Pakistan ?

   A. Industry
   B. Agriculture
   C. Trade
   D. Mines

9. Which one is the single largest component of agriculture sector in the country ?

   A. forestry
   B. livestock
   C. poultry
   D. fisheries

10. Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers allow the economy to adjust to the long run natural rate on its own, ?

    A. People will reduce their price expectations and the short run aggregate supply will shift right
    B. People will raise their price expectations and aggregate demand will shift left
    C. People will raise their price expectations and the short run aggregate supply will shift left
    D. People will reduce their price expectations and aggregate demand will shift right