Pakistan Affairs

Trade Relations & Export Policies MCQs With Answer

Which is Pakistan’s largest export sector?
A) Agriculture
B) Textile
C) Information Technology
D) Pharmaceuticals

Answer
B) Textile

Which country is Pakistan’s largest trading partner?
A) China
B) USA
C) UAE
D) Germany

Answer
A) China

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

Answer
C) Ministry of Commerce

Which agreement allows Pakistan to export duty-free goods to the European Union?
A) SAFTA
B) GSP+
C) NAFTA
D) WTO

Answer
B) GSP+

What is the major export commodity of Pakistan?
A) Cotton
B) Rice
C) Sports goods
D) Surgical instruments

Answer
A) Cotton

Which sector has shown rapid export growth in Pakistan?
A) IT and Software
B) Automotive
C) Heavy machinery
D) Oil and gas

Answer
A) IT and Software

Which port handles the majority of Pakistan’s international trade?
A) Gwadar Port
B) Port Qasim
C) Karachi Port
D) Pasni Port

Answer
C) Karachi Port

Which country is the largest importer of Pakistani textiles?
A) China
B) USA
C) UK
D) Saudi Arabia

Answer
B) USA

Which trade agreement promotes trade among South Asian countries?
A) GATT
B) SAFTA
C) ASEAN
D) BRICS

Answer
B) SAFTA

Which organization monitors global trade policies?
A) IMF
B) World Trade Organization (WTO)
C) Asian Development Bank
D) World Bank

Answer
B) World Trade Organization (WTO)

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

Answer
D) All of the above

Which Pakistani city is famous for exporting sports goods?
A) Karachi
B) Lahore
C) Sialkot
D) Faisalabad

Answer
C) Sialkot

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

Answer
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

Answer
B) China

What is the major import of Pakistan?
A) Oil
B) Tea
C) Automobiles
D) Machinery

Answer
A) Oil

Which Pakistani industry benefits most from exports?
A) Automobile
B) Information Technology
C) Textile
D) Fisheries

Answer
C) Textile

Which currency fluctuation affects Pakistan’s trade the most?
A) Euro
B) Chinese Yuan
C) US Dollar
D) Indian Rupee

Answer
C) US Dollar

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

Answer
C) Federal Board of Revenue (FBR)

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

Answer
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

Answer
B) CPEC

Which Pakistani export is famous in global markets?
A) Gold jewelry
B) Medical instruments
C) Automobiles
D) Heavy machinery

Answer
B) Medical instruments

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

Answer
D) All of the above

Which country recently signed a Preferential Trade Agreement (PTA) with Pakistan?
A) Iran
B) Malaysia
C) Turkey
D) Indonesia

Answer
C) Turkey

What percentage of Pakistan’s GDP comes from exports?
A) 5%
B) 10%
C) 15%
D) 20%

Answer
C) 15%

Which Pakistani export is growing in demand globally?
A) Wheat
B) Software & IT services
C) Furniture
D) Steel

Answer
B) Software & IT services

Which policy change can improve Pakistan’s trade balance?
A) Import substitution
B) Export diversification
C) Reducing trade barriers
D) All of the above

Answer
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

Answer
B) India

Which Pakistani export category has the potential for high future growth?
A) Renewable energy products
B) Electric vehicles
C) IT services
D) Heavy machinery

Answer
C) IT services

Which Pakistani city is known for exporting handmade carpets?
A) Karachi
B) Lahore
C) Quetta
D) Multan

Answer
B) Lahore

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

Answer
A) Export Credit Guarantee Scheme

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