In Pakistan the life expectancy is:
- 63 years
- 70 years
- 72 years
- 77 years
Show answer and explanation
Answer: B. 70 years
Pakistan's average life expectancy figure used in the curriculum at the time is around 70 years.
I.Com Economics: Economic Development, questions with answers
Practise 48 real Federal Board questions on Economic Development from 2023 to 2025. See the answer and explanation as soon as you answer.
48real questions
22multiple choice
4exam sessions
About Economic Development in I.Com Economics
Economic Development is one of the 8 main chapters in our Federal Board I.Com Economics question bank (12th class), and about 14% of its real questions come from it. Tayyari Karo has 48 real questions on this chapter from 2023 to 2025; 22 are multiple choice and marked instantly, and the rest are short and long questions with a model answer. By difficulty: 44 medium, 4 easy.
Work through the questions below, then open the explanation for each one. Redo the ones you missed a few days later.
Try 8 real questions
These are real past-paper questions. Think of your answer first, then open the explanation.
What is the rank of Pakistan in terms of population?
- 3rd
- 5th
- 7th
- 9th
Show answer and explanation
Answer: B. 5th
Pakistan ranks around 5th in the world by population, per the curriculum's cited figures.
The basic cause of unemployment in Pakistan is:
- Seasonal variations
- Economic policy
- Foreign loans
- Population explosion
Show answer and explanation
Answer: D. Population explosion
Rapid population growth (population explosion) outpacing job creation is cited as a basic cause of unemployment in Pakistan.
Living standard of people in Pakistan is measured by:
- Level of income
- Level of per capita income
- Wage level
- General price level
Show answer and explanation
Answer: B. Level of per capita income
Per-capita income is the standard measure used to gauge the average living standard of a country's population.
Economic development means:
- Development of transportation
- Increase in agriculture production
- Increase in real NI
- Increase in industrial production
Show answer and explanation
Answer: C. Increase in real NI
Economic development is broadly defined as a sustained increase in real national income (along with structural/qualitative improvement).
The main source of capital formation is:
- Transfer payments
- Subsidies
- Savings
- Technology
Show answer and explanation
Answer: C. Savings
Savings, when channeled into investment, are the primary source of capital formation in an economy.
Discuss the importance of agriculture sector.
Show model answer
Agriculture is important because it: (1) provides a major share of employment, especially in rural areas; (2) supplies raw materials to key industries like textiles and sugar; (3) ensures food security for the population and contributes to export earnings through crops like cotton and rice.
Describe various factors influencing economic development in detail.
Show model answer
Factors influencing a country's economic development include:
(1) Natural resources — availability and quality of land, minerals, water, and climate.
(2) Capital formation — level of domestic savings and investment, and access to foreign capital.
(3) Human capital — size, health, education, and skill level of the labour force.
(4) Technological progress — adoption of modern techniques and innovation, raising productivity.
(5) Entrepreneurship — availability of risk-taking organizers who combine resources efficiently.
(6) Infrastructure — transport, communication, energy, and financial systems that support economic activity. …
The full model answer is in the app.
Sessions with Economic Development questions
| Session | Questions |
|---|---|
| 2025 1st Annual | 15 |
| 2025 2nd Annual | 10 |
| 2024 Annual | 10 |
| 2023 Annual | 13 |
Common questions
What does the Economic Development chapter cover on this page?
48 real Federal Board (FBISE) Economics questions on Economic Development from 2023 to 2025, for 12th class. Each one shows the session it came from.
Are the answers official?
No. We could not find an official FBISE marking scheme for these papers, so the answers and explanations are written by Tayyari Karo for practice. Check anything important with your teacher or textbook.
Is it free?
You can start free with no signup. A small set of papers per subject is free, and Premium unlocks the full question bank.