Question:
In the decade of the 1970s, Pakistan nationalized its ----- industries.
(Choose the correct alternative to fill in the blank)
In the decade of the 1970s, Pakistan nationalized its ----- industries.
(Choose the correct alternative to fill in the blank)
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Nationalization shifts industries from private to government ownership, often for economic or political reasons.
Updated On: Feb 19, 2025
- Medical infrastructure
- Consumer goods
- Capital goods
- Foreign trade
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The Correct Option is C
Solution and Explanation
- During the 1970s, Pakistan's government undertook large-scale nationalization, primarily targeting capital goods industries such as steel, cement, and banking.
- This move aimed to establish government control over key industries to reduce economic disparity but resulted in inefficiencies and sluggish economic growth.
- This move aimed to establish government control over key industries to reduce economic disparity but resulted in inefficiencies and sluggish economic growth.
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