AKUEB Solved MCQs, CRQs & ERQs (Grade 10th)

Chapter # 6 Economic Development – MCQs

Which of the following ports of Pakistan is responsible for initiating China Pakistan Economic Corridor (CPEC)?

A) Bin Qasim Port

B) Gawadar Port

C) Jiwani Port

D) Kemari Port

Correct Answer: B) Gwadar Port

Explanation: Gwadar Port, located in the southwestern province of Balochistan, is the focal point for the China Pakistan Economic Corridor (CPEC). It serves as the key maritime gateway for CPEC, facilitating trade and economic activities between China and Pakistan. Gwadar Port is strategically positioned along the Arabian Sea and offers significant potential for enhancing regional connectivity and promoting economic development through trade and investment. Therefore, Option B, Gwadar Port, is the correct answer.

Since 2018, Pakistan imports MOST of its machinery from

A) China

B) Japan

C) Korea

D) United States of America.

Correct Answer: A) China.

Explanation: China has become a major source of machinery imports for Pakistan in recent years. Pakistan has developed significant trade relations with China, particularly under the framework of the China Pakistan Economic Corridor (CPEC), which involves various infrastructure development projects and investments. As a result, China has emerged as a primary supplier of machinery and equipment for Pakistan’s industrial and infrastructure sectors. Therefore, Option A, China, is the correct answer.

The economic disparity among different regions of Pakistan can be reduced by encouraging

A) Free education for all.

B) Rural urban migration.

C) Small scale industries.

D) Power generation plans.

Correct Answer: C) Small scale industries.

Explanation: Encouraging small scale industries can help reduce economic disparity among different regions of Pakistan by promoting local entrepreneurship, creating employment opportunities, and fostering economic development in rural and underdeveloped areas. Small scale industries are often more accessible to local communities and can utilize local resources, thus contributing to the economic growth of regions that may otherwise be marginalized. By supporting the establishment and growth of small-scale industries, policymakers can help distribute economic opportunities more evenly across different regions, ultimately reducing economic disparities. Therefore, Option C, small scale industries, is the most suitable means for addressing economic disparity among different regions of Pakistan.

Cottage industry holds an important position in rural areas because it

A) Provides employment.

B) Makes use of industrial waste.

C) Is a source of foreign exchange.

D) Meets the demands of the whole nation.

Correct Answer: A) Provides employment.

Explanation: Cottage industries play a vital role in rural areas by providing employment opportunities to local residents. These industries typically operate on a small scale and are often based in rural households, employing family members and members of the local community. By offering employment opportunities close to home, cottage industries help generate income, reduce unemployment, and alleviate poverty in rural areas. Additionally, cottage industries contribute to skill development, promote entrepreneurship, and stimulate economic activity in rural communities. Therefore, Option A, providing employment, is the primary reason why cottage industry holds an important position in rural areas.

Exports should never stop in a developing country like Pakistan as it is a MAJOR source of

A) Domestic market competition.

B) Remittance income.

C) Local employment.

D) Foreign currency.

Correct Answer: D) Foreign currency.

Explanation: Exports play a crucial role in the economy of developing countries like Pakistan by bringing in foreign currency. Foreign currency earned through exports helps strengthen the country’s balance of payments, stabilize the exchange rate, and finance imports of essential goods and services such as machinery, technology, and raw materials. Additionally, foreign currency reserves accumulated through exports provide stability in times of economic uncertainty and can be used to support economic development initiatives. Therefore, Option D, foreign currency, is the primary reason why exports should never stop in a developing country like Pakistan.