Question

In the decade of the 1970s, Pakistan nationalized its _______ industries. 
(Choose the correct option to fill in the blank)

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

Hint:

Capital goods industries produce machinery and equipment essential for economic growth and industrialization.

Answer 1

The Correct Option is C

In the 1970s, Pakistan undertook the nationalization of its key capital goods industries, including steel, chemicals, and heavy engineering. This move was aimed at consolidating industrial control under the government to boost development but led to inefficiencies and reduced private sector participation.