Class 10 Pak Studies Chapter 3 Notes

Computerized Questions with their Answers to Chapter no 7: Class 10 Pak Studies Chapter 3 Notes written by Professor Nawab Khan. These computerized questions with their answers are very helpful in the preparation of Class 10 Pak Studies Chapter 3 Notes for the students of the 10th class Urdu medium and these are according to the paper patterns of all Punjab boards.

• Here are the detailed pak studies class 10 chapter 3 mcqs to help you prepare for your exams.
• Economic Development of Pakistan
• Economic Development at a Glance:
• According to Graham Bannock, “Economic development pertains to the ability of an economy to generate higher levels of national income persistently.”
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• If Gross Domestic Product (GDP) (total quantity of goods and services) continues to grow according to the target, the government will be in the position to carry out its development plans. Domestic goods and services are plentiful, inflation remain under control, circulation of money and business activities both increase. This leads to increase in employment opportunities and per capita income. As a result, people enjoy a better living standard. Style and standard of goods produced also change.
• Here are the detailed 10th class pak studies chapter 3 short questions to help you prepare for your exams.
• In the case of GDP does not grow according to target, government and the people all face difficult situation, inflation rises, value of money decreases and there is no improvement in employment opportunities. There is no betterment in per capita income and living standard of the people. Debt and deficit become regular feature of the Economy. It can be said poverty and deprivation can be eliminated only through a persistent growth in GDP.
• Here are the detailed class 10 pak studies chapter 3 question answer to help you prepare for your exams.
• Second Decade: From1958 to1968: The second five year plan was launched in 1960 to accelerate economic growth. Its period was from 1960 to 1965. The initial estimate of this project was Rs. 19 billion, which was later increased to Rs. 23 billion.
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• Important targets of the plan were, GDP increase 42 %, increase in per capita income 12 %, increase national saving by 10 %, increase in exports 30 % and increase in food crops 21 % during the plan period. The other objectives were development of industrial sector, introducing modern methods to replace traditional methods of agriculture, Improving the means of transportation, generation of employment opportunities and increasing the productivity of large scale industries.
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• During the second five year plan, GDP grew at 6%, industrial growth 8%, exports 7%, and agriculture sector 3% per annum. This projectis considered very successful in the history of economic development of Pakistan. Most of the targets of this project were achieved.
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• The industrial sector flourished in this decade. Special attention was also paid to agricultural development, which included import of high quality seeds, pesticides, use of modern agricultural machinery and increasing irrigation resources through installation of tubewells.
• In the same decade, the famous Indus Water Treaty between Pakistan and India was signed in 1960, which temporarily improved the water situation, but in the days to come, there were major negative effects on Pakistani agriculture.
• For agricultural development, Agricultural College Lyallpur (Faisalabad) was upgraded to “University of Agriculture Faisalabad “. The government also implemented agricultural reforms for economic growth. Several projects were launched to control salinity and water logging. Under these projects, drains were dug and tubewells were installed.
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• During this period many development projects were started, including Mangla and Tarbela dams. These government measures provided employment to thousands of people and improved their economic condition.
• Third Decade: From 1968 to 1978 In the third decade, the fourth five year plan (1970-1975) began which was incomplete due to Pak-India war 1971. After the secession of East Pakistan, the country had to face immense internal, external and financial problems. Then government Introduced industrial and agricultural reforms.
• Under the Indus Water Treaty, two major dams (Mangla and Tarbela) were completed, link canals were constructed, new and old barrages were completed. Thus, the irrigation situation improved. The government's policy of nationalization of industries had a negative impact on industrial development. New investment in industry halted and the dishearten industrialists began to withdraw their capital from the industries.
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• Government devalued Pakistan's currency to increase exports. GDP grew at 4.8% per annum. Industrial growth was 5.5% per annum. Growth in agriculture sector was 2.4% per annum. Investment rate stood at 21.8% per annum.