Question:

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

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Capital goods industries produce machinery and equipment essential for economic growth and industrialization.
Updated On: Jan 30, 2025
  • Medical infrastructure
  • Consumer goods
  • Capital goods
  • Foreign trade
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The Correct Option is C

Solution and Explanation

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.
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