Trade and Commerce – Exports and Imports MCQS

1. What is the major export product of Pakistan?
(A) Automobiles
(B) Crude Oil
(C) Textiles and garments
(D) Electronics

2. Which country is one of the largest importers of Pakistani rice?
(A) Japan
(B) China
(C) United Arab Emirates
(D) Afghanistan

3. Pakistan imports most of its petroleum products from:
(A) India
(B) Iran
(C) Saudi Arabia
(D) USA

4. The largest trade deficit in Pakistan is usually due to high imports of:
(A) Gold
(B) Food items
(C) Machinery and fuel
(D) Cosmetics

5. Pakistan’s exports are primarily based on:
(A) Agricultural raw materials only
(B) Finished industrial products
(C) Low value-added goods
(D) High-tech gadgets

6. What is the role of the State Bank of Pakistan in trade?
(A) Enforces tax laws
(B) Manages export licenses
(C) Regulates foreign exchange and payment systems
(D) Supervises sea ports

7. Which organization handles Pakistan’s trade statistics?
(A) NADRA
(B) Federal Board of Revenue (FBR)
(C) Pakistan Bureau of Statistics (PBS)
(D) Ministry of Energy

8. What is the main purpose of Pakistan’s Free Trade Agreements (FTAs)?
(A) Reduce exports
(B) Ban imports
(C) Promote tariff-free trade with partner countries
(D) Encourage migration

9. Which of the following is a major export destination for Pakistan?
(A) Brazil
(B) Germany
(C) South Korea
(D) Russia

10. What is one key challenge for improving Pakistan’s export performance?
(A) Surplus labor
(B) Over-industrialization
(C) Energy shortages and lack of product diversification
(D) Too many markets