Early Economic Problems of Pakistan MCQs after independence

1. What was one of the major economic problems faced by Pakistan immediately after independence in 1947?
(A) Excessive industrialization
(B) Shortage of financial resources
(C) High export earnings
(D) Surplus foreign exchange

2. Why did Pakistan face a shortage of financial resources after independence?
(A) Due to disruption in the distribution of financial assets between India and Pakistan
(B) Due to excessive exports
(C) Due to high industrial production
(D) Due to increased foreign investment

3. Which sector was particularly underdeveloped in Pakistan at the time of independence?
(A) Industrial sector
(B) Agricultural sector
(C) Service sector
(D) Banking sector

4. What was a major industrial problem faced by Pakistan in 1947?
(A) Lack of industrial infrastructure
(B) Excessive factories
(C) Overproduction of manufactured goods
(D) Surplus machinery

5. Why did Pakistan face difficulties in establishing a strong industrial base after independence?
(A) Most developed industrial areas were located in India
(B) Pakistan had too many industries
(C) Pakistan had excessive capital
(D) Foreign trade was completely unrestricted

6. Which sector was the main source of Pakistan's economy in the early years after independence?
(A) Agriculture
(B) Heavy industry
(C) Information technology
(D) Tourism

7. What was one major agricultural problem faced by Pakistan after independence?
(A) Shortage of irrigation facilities in some areas
(B) Excessive agricultural machinery
(C) Surplus fertilizer production
(D) Excessive agricultural exports

8. Which financial institution began operations in Pakistan in 1948 to serve as the country's central bank?
(A) State Bank of Pakistan
(B) National Bank of Pakistan
(C) Habib Bank Limited
(D) Reserve Bank of India

9. When was the State Bank of Pakistan inaugurated?
(A) 14 August 1947
(B) 1 July 1948
(C) 23 March 1949
(D) 14 August 1948

10. What was one major trade problem Pakistan faced after independence?
(A) Lack of established trade networks
(B) Excessive export capacity
(C) Surplus foreign currency
(D) Too many international markets

11. Which commodity was an important export of Pakistan in the early years after independence?
(A) Cotton
(B) Automobiles
(C) Electronics
(D) Petroleum products

12. What was one consequence of the migration of people during partition for Pakistan's economy?
(A) Increased pressure on housing, employment, and public services
(B) Immediate industrial expansion
(C) Large foreign exchange reserves
(D) Elimination of unemployment

13. What was one major challenge Pakistan faced regarding skilled manpower after independence?
(A) Shortage of trained professionals and technical personnel
(B) Excessive availability of engineers
(C) Surplus industrial workers
(D) Too many economists

14. Which factor made economic planning difficult for Pakistan in its early years?
(A) Lack of administrative and institutional infrastructure
(B) Excessive financial resources
(C) High industrial development
(D) Large foreign investment

15. What was the overall economic condition of Pakistan immediately after independence?
(A) Highly industrialized and financially strong
(B) Developing with limited resources and weak industrial infrastructure
(C) Completely dependent on oil exports
(D) One of the world's leading economies