Q.1. Select the best option/answer and fill in the appropriate box on the Answer Sheet. (20)

(i) The best and comprehensive definition of economic development was presented by:
(a) Higgins
(b) Maddison
(c) Friedman
(d) None of these

(ii) Fishery is the sub sector of:
(a) Agriculture
(b) Manufacturing
(c) Mining
(d) Both (b) and (c)

(iii) Pakistan was the leading exporter before the separation of East Pakistan:
(a) Cotton
(b) Tea
(c) Rice
(d) None of these

(iv) Pakistan devalued its currency in 1972 by:
(a) 131%
(b) 121%
(c) 100%
(d) None of these

(v) Eighth Five Year Plan duration was:
(a) 1983 – 1988
(b) 1993 – 1998
(c) 1978 – 1983
(d) 1988 – 1993

(vi) Export Bonus Scheme (EBS) was introduced in:
(a) 1969
(b) 1979
(c) 1959
(d) 1949

(vii) Primary deficit (primary balance) is the difference between total revenue and:
(a) Non-interest total expenditure
(b) Interest expenditure
(c) development expenditure
(d) All of these

(viii) Cooperative movement was started in sub-continent in:
(a) 1904
(b) 1914
(c) 1934
(d) None of these

(ix) The Ryotwari system was introduced by the British rules in the provinces of:
(a) Sindh, Madras and Mumbai
(b) Sindh, Punjab and Mumbai
(c) Sindh, Madras and NWFP
(d) Both (a) and (b)

(x) Pakistan Agricultural Storage and Service Corporation (PASSCO) was established in:
(a) 1973
(b) 1963
(c) 1953
(d) 1983

(xi) Who developed Physical Quality Life Index (PQLI) in his famous book named by “Measuring the Condition of the World’s Poor: PQLI in 1987?
(a) Morris D. Morris
(b) Higgins
(c) Keynes
(d) None of these

(xii) The Human Development Index (HDI) ranks all countries on the scale of:
(a) 0 to 1
(b) 1 to 100
(c) -1 to +1
(d) None of these

(xiii) The United Nations designated The Fourth World as:
(a) Less developed countries
(b) Poor countries
(c) Least developed countries
(d) All of these

(xiv) According to ‘North-South Divide’, the rich countries are called:
(a) South countries
(b) North countries
(c) Industrialized countries
(d) Advance countries

(xv) The loan which is given at a nominal rate of interest ranging from 1% to 3% is called:
(a) Hard loan
(b) Conditional loan
(c) Soft loan
(d) All of these

(xvi) The accumulation of a stock of debt so large as to threaten the country’s ability to repay its past loan:
(a) Debt equity swap
(b) Debt trap
(c) Debt overhang
(d) None of these

(xvii) “Rabi” season which begins in:
(a) April-June
(b) October-December
(c) January-February
(d) None of these

(xviii) Government of Pakistan announced privatization policy in:
(a) 1981
(b) 1995
(c) 1991
(d) None of these

(xix) The floating debt (short-term) consists of:
(a) Treasury Bills
(b) Market Treasury Bills
(c) MTBs for Replenishment
(d) All of these

(xx) The currency of IMF is called:
(a) SDRs
(b) ODRs
(c) Lira
(d) None of these

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