Question

In the decade of 1970s, Pakistan nationalized its ___________ industry. (Fill up the blank with the correct alternative.)

• A. Medical infrastructure
• B. Consumer goods
• C. Capital goods
• D. Foreign trade

Hint:

Nationalization refers to transferring private sector enterprises to public ownership, often used for economic restructuring.

Answer 1

The Correct Option is C

During the 1970s, Pakistan nationalized its capital goods industry to establish state control over major industrial sectors. This was aimed at reducing economic inequalities and enhancing government revenues, but it often resulted in inefficiencies and reduced private sector participation.