Which of the following is a key trade agreement that Pakistan is part of?
A) North American Free Trade Agreement (NAFTA)
B) China-Pakistan Free Trade Agreement (CPFTA)
C) Trans-Pacific Partnership (TPP)
D) European Union-Mercosur Trade Agreement
What is the primary objective of Pakistan’s trade agreements?
A) To limit foreign imports
B) To promote bilateral trade and economic cooperation
C) To reduce export tariffs
D) To increase foreign aid
Which of the following is a major export product of Pakistan?
A) Machinery
B) Textiles
C) Chemicals
D) Electronics
The South Asian Free Trade Area (SAFTA) agreement aims to promote trade among which countries?
A) Pakistan, India, Sri Lanka, and Nepal
B) Pakistan, Afghanistan, and Iran
C) Pakistan, Bangladesh, India, and Sri Lanka
D) Pakistan, China, and Bangladesh
Which country is Pakistan’s largest trading partner?
A) United States
B) China
C) Saudi Arabia
D) United Arab Emirates
Which of the following is a significant trade policy objective for Pakistan?
A) Decreasing reliance on imports
B) Reducing tariff rates for foreign imports
C) Enhancing the competitiveness of local industries
D) Promoting multinational corporations
Which trade agreement facilitates Pakistan’s access to European Union markets under preferential trade terms?
A) Generalized System of Preferences (GSP) Plus
B) Trans-Pacific Partnership (TPP)
C) Pakistan-United States Free Trade Agreement
D) China-Pakistan Free Trade Agreement
Which of the following is a key challenge to Pakistan’s export growth?
A) High export tariffs in foreign markets
B) Lack of skilled labor
C) Limited access to international markets
D) Poor infrastructure and logistics
Which sector contributes most to Pakistan’s exports?
A) Agriculture
B) Textiles
C) Mining
D) Information Technology
What is the purpose of Pakistan’s trade agreements with the World Trade Organization (WTO)?
A) To restrict international competition
B) To integrate Pakistan into global markets
C) To increase tariffs on foreign products
D) To reduce foreign investments
What is the key feature of the Free Trade Agreement (FTA) between Pakistan and China?
A) Elimination of tariffs on all exports
B) Exclusive trade in agricultural products
C) Reduced tariffs and increased market access for Pakistani products
D) Restrictions on the export of textiles
Pakistan’s export policies are aimed primarily at:
A) Fostering self-sufficiency
B) Encouraging local industries to focus on imports
C) Expanding export-oriented industries and markets
D) Limiting foreign competition in the local market
Under the GSP Plus scheme, which of the following benefits does Pakistan receive from the European Union?
A) Reduced tariffs on 66% of Pakistani exports
B) Tax exemptions on all exports to the EU
C) Enhanced market access and preferential tariff treatment for Pakistani goods
D) Complete elimination of export quotas
What is a major goal of Pakistan’s export policy under the current government?
A) Reducing foreign investments
B) Diversifying exports and exploring new markets
C) Cutting down on local production
D) Focusing only on agricultural exports
Which of the following is a major product in Pakistan’s agricultural exports?
A) Rice
B) Sugar
C) Wheat
D) Coffee
Which of the following is an objective of Pakistan’s export promotion policies?
A) Maximizing imports
B) Increasing non-oil exports
C) Expanding trade barriers
D) Reducing investment in export sectors
The regional trade agreement involving Pakistan, China, and several other Asian countries is known as:
A) ASEAN Free Trade Area
B) South Asia Free Trade Agreement
C) China-ASEAN Free Trade Area
D) China-Pakistan Economic Corridor (CPEC)
What is the main export product of Pakistan to the United States?
A) Petroleum products
B) Agricultural products
C) Textiles and garments
D) Electronics
Which of the following is a key factor affecting the success of Pakistan’s trade agreements?
A) Political stability
B) Export tariffs
C) Availability of labor
D) International sanctions
Which trade agreement promotes intra-regional trade among South Asian countries?
A) South Asian Free Trade Area (SAFTA)
B) World Trade Organization (WTO)
C) China-Pakistan Free Trade Agreement
D) Asia-Pacific Economic Cooperation (APEC)
Pakistan’s export strategy includes:
A) Increasing tariffs on exports
B) Encouraging import of luxury items
C) Expanding the variety of exportable goods
D) Focusing on the domestic market
Which of the following export sectors receives major government support under Pakistan’s trade policies?
A) Education exports
B) Textile and garment exports
C) Medical exports
D) Oil exports
Which of these trade agreements offers Pakistan preferential treatment for exports to the European Union?
A) Generalized System of Preferences (GSP) Plus
B) South Asian Association for Regional Cooperation (SAARC)
C) China-Pakistan Free Trade Agreement
D) North American Free Trade Agreement (NAFTA)
Which factor is considered a major hindrance to Pakistan’s export growth?
A) Political instability
B) Decreasing international demand for textiles
C) Lack of skilled workforce
D) High tariffs in foreign markets
The Pakistan-United States Trade and Investment Framework Agreement (TIFA) aims to:
A) Enhance agricultural exports to the U.S.
B) Foster trade relations and investment opportunities
C) Create a free trade zone between the two countries
D) Limit trade barriers on U.S. imports
What is the main goal of the Trade Development Authority of Pakistan (TDAP)?
A) To increase tariffs on imports
B) To promote exports through marketing, awareness, and facilitation
C) To control foreign investment in Pakistan
D) To discourage exports in favor of local consumption
Which regional trade initiative is Pakistan a part of, along with China, to increase trade and infrastructure connectivity?
A) South Asian Association for Regional Cooperation (SAARC)
B) Shanghai Cooperation Organization (SCO)
C) China-Pakistan Economic Corridor (CPEC)
D) Asia-Pacific Economic Cooperation (APEC)
