Trade and Commerce – Imports & Exports 50 Score: 0 Attempted: 0/50 Subscribe 1. : What is the major export product of Pakistan? (A) Automobiles (B) Textiles and garments (C) Electronics (D) Petroleum 2. : Which country is the largest export destination for Pakistan’s goods? (A) China (B) USA (C) UAE (D) UK 3. : What is Pakistan’s main import commodity? (A) Machinery (B) Food grains (C) Electronics (D) Petroleum and petroleum products 4. : Which port in Pakistan handles the highest volume of import and export? (A) Port Qasim (B) Gwadar Port (C) Karachi Port (D) Bin Qasim Port 5. : What is the role of the Pakistan Trade Development Authority (TDAP)? (A) Import regulation (B) Promote exports (C) Tax collection (D) Issue passports 6. : Which sector contributes the most to Pakistan’s export earnings? (A) Agriculture (B) Textile and apparel (C) Mining (D) Automotive 7. : Which country is the largest trading partner of Pakistan? (A) India (B) China (C) USA (D) Saudi Arabia 8. : Pakistan is a member of which major trade organization? (A) NAFTA (B) WTO (C) ASEAN (D) OPEC 9. : What is the term for goods imported into Pakistan temporarily for processing and then re-exported? (A) Free trade goods (B) Transit goods (C) Export processing zone goods (D) Duty-free imports 10. : Which Pakistani city is known as the hub of textile exports? (A) Lahore (B) Karachi (C) Faisalabad (D) Islamabad 11. : What is the approximate percentage share of textiles in Pakistan’s total exports? (A) 10% (B) 25% (C) 60% (D) 85% 12. : Which of the following is a major export commodity from Pakistan’s agriculture sector? (A) Wheat (B) Rice (C) Sugarcane (D) Maize 13. : What is Pakistan’s rank in the global cotton exporter list? (A) 1st (B) 3rd (C) 5th (D) 10th 14. : Which institution regulates and controls imports and exports in Pakistan? (A) Pakistan Customs (B) Pakistan Stock Exchange (C) Federal Board of Revenue (D) Ministry of Finance 15. : What type of import tariff is commonly imposed by Pakistan to protect local industries? (A) Import duty (B) Export tax (C) Sales tax (D) Service tax 16. : Pakistan exports which of the following minerals? (A) Gold (B) Copper (C) Chromite (D) Coal 17. : Which product is Pakistan known to import mainly from the Middle East? (A) Automobiles (B) Petroleum products (C) Pharmaceuticals (D) Electronics 18. : What is the significance of Free Trade Agreements (FTAs) for Pakistan’s trade? (A) Increase tariffs (B) Promote trade with partner countries (C) Restrict imports (D) Regulate exports 19. : Which country has the largest share in Pakistan’s imports? (A) Saudi Arabia (B) China (C) USA (D) India 20. : What is the role of export subsidies in Pakistan? (A) Increase import duties (B) Provide financial support to exporters (C) Tax exports (D) Control imports 21. : Which of the following is NOT a major export product of Pakistan? (A) Leather goods (B) Rice (C) Cement (D) Sports goods 22. : Pakistan’s trade balance is mostly: (A) Positive (surplus) (B) Negative (deficit) (C) Neutral (D) Balanced 23. : Which port has recently been developed to boost trade and commerce in Pakistan? (A) Karachi Port (B) Gwadar Port (C) Qasim Port (D) Pasni Port 24. : Which textile product is Pakistan famous for exporting? (A) Denim fabric (B) Woollen fabric (C) Silk fabric (D) Synthetic fabric 25. : Which product is Pakistan’s largest agricultural export? (A) Sugar (B) Cotton (C) Basmati rice (D) Fruits 26. : What is the main reason for Pakistan’s trade deficit? (A) High exports (B) Low imports (C) High imports and low exports (D) Equal imports and exports 27. : Which of the following sectors is growing rapidly in Pakistan’s exports? (A) IT and software services (B) Cement (C) Automobiles (D) Coal mining 28. : Which body formulates Pakistan’s trade policy? (A) Ministry of Commerce (B) Ministry of Finance (C) Pakistan Customs (D) State Bank of Pakistan 29. : Pakistan’s exports to which region are growing the fastest? (A) Europe (B) Middle East (C) South Asia (D) North America 30. : The major import of Pakistan from China includes: (A) Machinery and electronics (B) Food products (C) Textiles (D) Agricultural equipment 31. : What is the purpose of Export Processing Zones (EPZs) in Pakistan? (A) To restrict imports (B) To encourage export-oriented industries (C) To tax exports (D) To regulate foreign exchange 32. : Pakistan is a major exporter of: (A) Pharmaceuticals (B) Surgical instruments (C) Automobiles (D) Cement 33. : Which of the following is a challenge faced by Pakistan’s export sector? (A) Lack of raw materials (B) Trade barriers and tariffs (C) Overproduction (D) Surplus foreign currency 34. : Which government agency manages export incentives in Pakistan? (A) Ministry of Finance (B) Pakistan Export Promotion Bureau (C) Pakistan Customs (D) State Bank of Pakistan 35. : Pakistan’s main trading partner in the Middle East is: (A) Saudi Arabia (B) Iran (C) UAE (D) Oman 36. : What is the role of the State Bank of Pakistan in trade? (A) Setting import duties (B) Regulating foreign exchange and trade financing (C) Promoting exports (D) Managing ports 37. : Which sector contributes significantly to Pakistan’s imports? (A) Food (B) Machinery and transport equipment (C) Textile (D) Mining 38. : Pakistan’s export to which country is largely composed of textiles and garments? (A) UK (B) USA (C) China (D) Germany 39. : Which product is imported mainly for Pakistan’s energy needs? (A) Coal (B) Petroleum (C) Natural gas (D) Uranium 40. : The Customs duty is imposed on: (A) Exports only (B) Imports only (C) Both imports and exports (D) Neither imports nor exports 41. : What is the role of Pakistan’s Board of Investment (BOI) in trade? (A) Regulates imports (B) Facilitates foreign investment to boost trade (C) Collects taxes (D) Controls ports 42. : Which is a major export item under Pakistan’s handicraft industry? (A) Carpets and rugs (B) Cement (C) Leather shoes (D) Cement 43. : The term “Balance of Trade” refers to: (A) The difference between imports and exports (B) The amount of foreign reserves (C) The budget surplus (D) The trade tariffs 44. : Which is the largest export processing zone in Pakistan? (A) Karachi EPZ (B) Lahore EPZ (C) Gwadar EPZ (D) Islamabad EPZ 45. : What percentage of Pakistan’s exports are textiles? (A) 20% (B) 40% (C) 60% (D) 80% 46. : Pakistan’s exports to the European Union primarily include: (A) Machinery (B) Textiles and garments (C) Automobiles (D) Oil 47. : What is the function of Pakistan’s Chamber of Commerce and Industry? (A) Collects import duties (B) Represents business community and promotes trade (C) Controls foreign exchange (D) Regulates exports 48. : Which of the following is a non-tariff barrier affecting Pakistan’s exports? (A) Quotas (B) Import duties (C) Export taxes (D) Subsidies 49. : Which region imports the most cement from Pakistan? (A) Middle East (B) Europe (C) Africa (D) Asia 50. : Pakistan’s trade policy aims primarily to: (A) Promote imports (B) Reduce exports (C) Encourage export-led growth (D) Increase tariffs on exports