Trade Relations & Export Policies MCQs With Answer
Which is Pakistan’s largest export sector?
A) Agriculture
B) Textile
C) Information Technology
D) Pharmaceuticals
Which country is Pakistan’s largest trading partner?
A) China
B) USA
C) UAE
D) Germany
Which organization regulates trade policies in Pakistan?
A) Ministry of Finance
B) State Bank of Pakistan
C) Ministry of Commerce
D) Federal Board of Revenue
Which agreement allows Pakistan to export duty-free goods to the European Union?
A) SAFTA
B) GSP+
C) NAFTA
D) WTO
What is the major export commodity of Pakistan?
A) Cotton
B) Rice
C) Sports goods
D) Surgical instruments
Which sector has shown rapid export growth in Pakistan?
A) IT and Software
B) Automotive
C) Heavy machinery
D) Oil and gas
Which port handles the majority of Pakistan’s international trade?
A) Gwadar Port
B) Port Qasim
C) Karachi Port
D) Pasni Port
Which country is the largest importer of Pakistani textiles?
A) China
B) USA
C) UK
D) Saudi Arabia
Which trade agreement promotes trade among South Asian countries?
A) GATT
B) SAFTA
C) ASEAN
D) BRICS
Which organization monitors global trade policies?
A) IMF
B) World Trade Organization (WTO)
C) Asian Development Bank
D) World Bank
What is the main reason for Pakistan’s trade deficit?
A) Low exports
B) High imports
C) Lack of industrialization
D) All of the above
Which Pakistani city is famous for exporting sports goods?
A) Karachi
B) Lahore
C) Sialkot
D) Faisalabad
Which of the following is a major challenge in Pakistan’s export sector?
A) Energy crisis
B) Lack of skilled labor
C) Infrastructure issues
D) All of the above
Which country signed a Free Trade Agreement (FTA) with Pakistan in 2006?
A) India
B) China
C) Turkey
D) USA
What is the major import of Pakistan?
A) Oil
B) Tea
C) Automobiles
D) Machinery
Which Pakistani industry benefits most from exports?
A) Automobile
B) Information Technology
C) Textile
D) Fisheries
Which currency fluctuation affects Pakistan’s trade the most?
A) Euro
B) Chinese Yuan
C) US Dollar
D) Indian Rupee
Which authority is responsible for collecting customs duties in Pakistan?
A) Pakistan Revenue Authority
B) Ministry of Finance
C) Federal Board of Revenue (FBR)
D) Pakistan Trade Authority
Which of the following is an export incentive provided by the Pakistani government?
A) Tax rebates
B) Low-interest loans
C) Export subsidies
D) All of the above
Which trade corridor is expected to enhance Pakistan’s exports?
A) Silk Road
B) CPEC
C) Gwadar Economic Zone
D) ECO Trade Route
Which Pakistani export is famous in global markets?
A) Gold jewelry
B) Medical instruments
C) Automobiles
D) Heavy machinery
Which of the following can boost Pakistan’s exports?
A) Improving infrastructure
B) Enhancing product quality
C) Expanding trade agreements
D) All of the above
Which country recently signed a Preferential Trade Agreement (PTA) with Pakistan?
A) Iran
B) Malaysia
C) Turkey
D) Indonesia
What percentage of Pakistan’s GDP comes from exports?
A) 5%
B) 10%
C) 15%
D) 20%
Which Pakistani export is growing in demand globally?
A) Wheat
B) Software & IT services
C) Furniture
D) Steel
Which policy change can improve Pakistan’s trade balance?
A) Import substitution
B) Export diversification
C) Reducing trade barriers
D) All of the above
Which country is a major competitor of Pakistan in the textile sector?
A) USA
B) India
C) Germany
D) Australia
Which Pakistani export category has the potential for high future growth?
A) Renewable energy products
B) Electric vehicles
C) IT services
D) Heavy machinery
Which Pakistani city is known for exporting handmade carpets?
A) Karachi
B) Lahore
C) Quetta
D) Multan
Which government initiative supports small exporters in Pakistan?
A) Export Credit Guarantee Scheme
B) Small Business Loan Program
C) Youth Export Program
D) Industrial Export Initiative