1. Trade refers to the exchange of goods and services between?
(A) Individuals, companies, and countries
(B) Individuals only
(C) Countries only
(D) Banks only
2. Pakistan’s main exports include?
(A) Electronics
(B) Oil and gas
(C) Automobiles
(D) Cotton, rice, and textiles
3. Which country is the largest export destination for Pakistan?
(A) USA
(B) China
(C) UK and EU countries
(D) India
4. Imports refer to goods and services?
(A) Bought from other countries
(B) Sold to other countries
(C) Produced domestically
(D) Bartered locally
5. Pakistan mainly imports?
(A) Leather goods
(B) Cotton and rice
(C) Machinery, petroleum, chemicals, and edible oils
(D) Sports equipment
6. Trade deficit occurs when?
(A) Exports exceed imports
(B) Imports exceed exports
(C) Imports equal exports
(D) There is no trade
7. Trade surplus occurs when?
(A) There is no trade
(B) Imports exceed exports
(C) Imports equal exports
(D) Exports exceed imports
8. Pakistan’s major trading partner in imports is?
(A) India
(B) UK
(C) Afghanistan
(D) China
9. Exports are important for Pakistan because they?
(A) Increase poverty
(B) Increase imports
(C) Reduce employment
(D) Earn foreign exchange
10. Which sector contributes most to Pakistan’s exports?
(A) Textile industry
(B) Industrial machinery
(C) Sugar
(D) Cement
11. Imports are essential for Pakistan to?
(A) Earn foreign exchange
(B) Reduce exports
(C) Increase unemployment
(D) Meet domestic demand for goods not produced locally
12. Pakistan has a negative trade balance because?
(A) Exports are higher than imports
(B) Imports are higher than exports
(C) No trade exists
(D) Exports equal imports
13. Which of the following is a major export of Pakistan?
(A) Machinery
(B) Cotton yarn
(C) Oil
(D) Automobiles
14. Which is the largest port of Pakistan for trade?
(A) Port Qasim
(B) Bin Qasim Port
(C) Gwadar Port
(D) Karachi Port
15. Exports help Pakistan in?
(A) Reducing foreign debt
(B) Increasing foreign exchange reserves
(C) Both A and B
(D) Increasing imports only
16. Pakistan imports petroleum mainly from?
(A) USA
(B) India
(C) China
(D) Saudi Arabia, UAE, and other Gulf countries
17. Which commodity is exported as a major cash crop from Pakistan?
(A) Wheat
(B) Maize
(C) Sugarcane
(D) Cotton
18. Which factor affects trade balance negatively?
(A) Increase in imports
(B) Increase in exports
(C) Decrease in imports
(D) Increase in foreign investment
19. The main purpose of promoting exports is to?
(A) Reduce domestic production
(B) Increase unemployment
(C) Increase imports
(D) Earn foreign exchange
20. Pakistan’s major export partner in Asia is?
(A) Japan
(B) Bangladesh
(C) India
(D) China
21. Which port is planned to increase Pakistan’s trade with China and Central Asia?
(A) Gwadar Port
(B) Karachi Port
(C) Port Qasim
(D) Bin Qasim Port
22. Import of machinery helps Pakistan by?
(A) Increasing trade deficit only
(B) Supporting industrial growth
(C) Reducing employment
(D) Increasing exports only
23. Pakistan’s textile exports include?
(A) Cement
(B) Oil and gas
(C) Machinery
(D) Cotton yarn, garments, and fabrics
24. Which factor reduces Pakistan’s exports competitiveness?
(A) Cheap labor
(B) Cotton availability
(C) Energy shortages and outdated technology
(D) Skilled workforce
25. Trade in services includes?
(A) Export of software, tourism, and transport services
(B) Only export of goods
(C) Import of raw materials
(D) Mining activities
26. Pakistan’s main import of food items is?
(A) Cement
(B) Cotton
(C) Sugar
(D) Wheat and edible oils
27. Which government department regulates imports and exports in Pakistan?
(A) Ministry of Finance
(B) Ministry of Commerce
(C) State Bank of Pakistan
(D) Pakistan Bureau of Statistics
28. Trade deficit can be reduced by?
(A) Increasing imports only
(B) Increasing exports and reducing unnecessary imports
(C) Reducing exports only
(D) Avoiding industrial growth
29. The balance of trade is?
(A) Total population
(B) Difference between exports and imports
(C) National income
(D) Industrial production
30. Major exports of Pakistan’s textile industry include?
(A) Petroleum and chemicals
(B) Sugar, cement, and leather
(C) Yarn, fabrics, garments, and home textiles
(D) Machinery and automobiles