Economics MCQs
Topic Notes: Economics
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
151
Approximately what percentage of Pakistan's Gross Domestic Product (GDP) is contributed by the agricultural sector?
Answer:
25%
Agriculture remains a cornerstone of the Pakistani economy, contributing roughly 25% to the national GDP. This sector not only provides raw materials for major industries like textiles but also supports the livelihoods of a significant portion of the population, making it a critical driver of national economic stability and growth.
152
Given that the total land area of Balochistan is approximately 34.7 million hectares, what portion of this land is currently under cultivation?
Answer:
14 % or 3.4 mha
Balochistan is the largest province by land area but faces significant challenges regarding water availability and soil quality, which limits the extent of cultivable land. Approximately 14% of its total land area, or about 3.4 million hectares, is utilized for agricultural cultivation, highlighting the constraints imposed by the arid environment on the province's agricultural potential.
153
Which agricultural commodity is a major export crop for Sudan within its tropical grassland climate?
Answer:
Cotton
Cotton is a vital cash crop for Sudan, thriving in the environmental conditions of the tropical grassland region. The country utilizes specific varieties of cotton that are well-adapted to its climate, contributing significantly to its agricultural economy and export revenue.
154
Which of the following statements accurately describes the nature of rural and agricultural development?
Answer:
The agrarian community requires a full range of services such as schools merchants banks and so on
Rural development is a broader concept than agricultural development. It encompasses the improvement of the quality of life in rural areas, which necessitates access to essential services like education, financial institutions, and commercial infrastructure. Option B correctly identifies that a thriving agrarian community relies on a diverse ecosystem of support services, distinguishing it from purely agricultural production activities.
155
Which spice, derived from the ground pits of black cherries, is frequently utilized in Middle Eastern baking?
Answer:
Mahlab
Mahlab is a highly aromatic spice obtained from the seeds of the St. Lucie cherry. It is a staple in Middle Eastern and Mediterranean baking, prized for its unique flavor profile that resembles a combination of bitter almond and cherry.
156
What is the total area of land that the forest sector provides for wood production?
Answer:
3.5 million hectares
The forest sector in Pakistan manages approximately 3.5 million hectares of land dedicated to wood production. This land is crucial for meeting the domestic demand for timber, fuel wood, and other forest-based products, while also serving as a source of revenue and employment for local communities involved in forestry management.
157
What percentage of Pakistan's total geographical area is covered by forests?
Answer:
4.8
The forest cover in Pakistan is relatively low compared to global standards, with approximately 4.8% of the total geographical area classified as forest land. This limited coverage highlights the ongoing challenges regarding deforestation, land degradation, and the need for sustainable environmental policies to increase green cover for climate resilience and ecological health.
158
Which nation possesses the highest percentage of forest coverage relative to its total land area?
Answer:
Surinam
Suriname, located in South America, is widely recognized for having one of the highest forest cover percentages in the world, with over 90% of its land area covered by dense tropical rainforests. This high level of forest cover is a defining feature of its geography and environmental profile, playing a crucial role in global carbon sequestration efforts.
159
What is the definition of crop rotation in agricultural practice?
Answer:
Different crops in different seasons
Crop rotation is a systematic agricultural practice involving the sequential planting of different crops on the same land across different seasons. This method is essential for maintaining soil fertility, breaking pest and disease cycles, and enhancing overall biodiversity, which ultimately leads to more sustainable and productive farming outcomes compared to monoculture systems.
160
What is the total area of water-logged and saline land that has been reclaimed in Pakistan to date?
Answer:
18 million acres
Land reclamation projects in Pakistan, such as those involving SCARP (Salinity Control and Reclamation Projects), have aimed to combat the twin menaces of waterlogging and salinity. The figure of 18 million acres represents the cumulative efforts to restore degraded agricultural land. These initiatives are crucial for maintaining soil fertility and ensuring the long-term sustainability of the agricultural sector, which is the backbone of the national economy.