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51.

Select the correct statement:

A.	Pakistan's largest item of import is machinery	B.	Pakistan's exports mainly consist of low-value goods
C.	Direction of trade means what goods are being exported	D.	Imports must be reduced as far as possible

52.

Commercial policy means:

A.	Policy about markets	B.	Policy about money supply
C.	Policy about imports and exports	D.	Policy for controlling of prices of goods

53.

Import of petroleum makes up Pakistan's total import bill:

A.	15%	B.	25%
C.	35%	D.	45%

54.

The largest item of Pakistan's exports is:

A.	Cotton	B.	Rice
C.	Cotton yarn	D.	Ready made garments

55.

Largest share of Pakistan's exports go to:

A.	China	B.	Japan
C.	England	D.	USA

56.

Pakistan's share in the world for cotton textiles is:

A.	Less than 3%	B.	10%
C.	20%	D.	30%

57.

Pakistan's:

A.	Exports and increasing	B.	Imports and increasing
C.	Exports and imports are increasing	D.	All are true

58.

In Pakistan's foreign trade:

A.	Exports are equal to imports	B.	Exports and greater than imports
C.	Exports are less than imports	D.	Imports are three times of exports

59.

Since 2005, custom duties have been reduced because of international agreement under:

A.	WTO	B.	IMF
C.	World Bank	D.	(a) and (b) of above

60.

Pakistan's exports mainly go to:

A.	China	B.	Japan
C.	Saudi Arabia	D.	USA