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

During the 1970s, Pakistan nationalized its core capital goods sectors, such as steel, chemicals, and heavy engineering. This government consolidation aimed to spur development but resulted in operational inefficiencies and a diminished private sector role.