Issue of Pakistan Economy Quiz no 1

Pakistan’s largest export industry is

• (A) Arms

• (B) Food

• (C) Marble

• (D) Textile

How many sectors of economy are there?

• 3

• 4

• 2

A sole trader operates in the...

• Public sector

• Private sector

• Third sector

The private sector is funded by tax

• True

• False

Unlimited liability affects what two types of businesses?

• Sole traders

• Partnerships

• Private limited companies

• Public limited companies

A private limited company is run by what...

• A board of directors

• Shareholders

• The owner

• The employees

The public sector aims to make good use of taxpayers’ money and provide the services needed.

• True

• False

What does a private limited company aim to do?

• Maximise profits

• To promote awareness of “good causes”

an economic model where the laws of supply and demand, not the government, determine what is produced, consumed, and the cost.

• bartering

• command economy

• market economy

• production quota

• subsistence

term used to describe the market/command blend of all modern world economies.

• traditional economy

• wage

• economic continuum

• mixed economy

• Brexit