All Free Pakistan Current Affairs MCQs with Answers

1541. Pakistan allows Afghanistan's exports through the Wagah border with India Under the_________bilateral trade agreement between Pakistan and Afghanistan?

• A. 2010
• B. 2013
• C. 2018
• D. None of these

Explanation: Afghanistan's exports were allowed to pass through Wagah under the Afghanistan-Pakistan Transit Trade Agreement signed in 2010. The year 2010 is therefore the relevant agreement date, not a later trade arrangement.

1542. ________announced to increase its flights operations for Pakistan from July 16, 2020?

• A. Qatar Airways
• B. Singapore Airlines
• C. Etihad Airways
• D. None of Above

Explanation: Etihad Airways announced an increase in its flight operations for Pakistan from 16 July 2020. Qatar Airways and Singapore Airlines were not the airline named in this announcement.

1543. What amount of debt payments will be rescheduled by Pakistan in 2020 under the Debt Service Suspension Initiative?

• A. $2.11 billion
• B. $2.41 billion
• C. $3.21 billion
• D. $3.41 billion

Explanation: Pakistan secured rescheduling of about $2.41 billion in debt payments under the G20 Debt Service Suspension Initiative. The arrangement temporarily eased external debt-service pressure during the pandemic.

1544. The Federal budget for the fiscal year 2020-2021 announced on _____________?

• A. June 10, 2020
• B. June 12, 2020
• C. June 14, 2020
• D. None of these

Explanation: Pakistan’s federal budget for fiscal year 2020-21 was presented on 12 June 2020. The budget was announced during the economic disruption caused by the COVID-19 pandemic.

1545. Who presented federal budget for the fiscal year 2020-2021 on the floor of the National Assembly on June 12, 2020?

• A. Hafeez Sheikh
• B. Asad Qaiser
• C. Hammad Azhar
• D. Asad Umar

Explanation: Hammad Azhar, then Federal Minister for Industries and Production, presented the 2020-21 federal budget in the National Assembly. Hafeez Sheikh was the adviser overseeing economic affairs, but he did not present the budget on the floor.

1546. The defence budget has been set at Rs __________ in the Federal Budget 2020-2021?

• A. 1.1 trillion
• B. 1.3 trillion
• C. 1.5 trillion
• D. None of these

Explanation: The defence allocation for 2020-21 was approximately Rs1.29 trillion, normally rounded to Rs1.3 trillion. The other figures do not match the budgeted defence expenditure.

1547. State Bank of Pakistan on 25 June 2020 reduced the policy rate to__________?

• A. 5%
• B. 6%
• C. 7%
• D. 8%

Explanation: The State Bank reduced the policy rate by 100 basis points on 25 June 2020, bringing it down from 8% to 7%. This was part of the monetary easing response to the COVID-19 economic shock.

1548. In May 2020,The World Bank restored Pakistan's budgetary support after four years by approving a policy loan of__________?

• A. $250 Million
• B. $350 Million
• C. $450 Million
• D. $500 Million

Explanation: The World Bank approved a $500 million policy loan, restoring budgetary support after a four-year gap. The amount was policy-based financing rather than a general announcement of aid without a loan programme.

1549. On May 15,which global credit rating agency announced that it is putting Pakistan under watch for possible downgrade of its long-term local and foreign credit ratings?

• A. S&P Global
• B. Moody's Corporation
• C. M&P Global
• D. Houdi International

Explanation: Moody’s placed Pakistan’s long-term local- and foreign-currency ratings under review for a possible downgrade. S&P Global is a separate credit-rating agency and was not the agency named in this report.

1550. In April, 2020 Pakistan was ranked as a_____________by the International Tele­communication Union (ITU), becoming the only country in South Asia to achieve the status.

• A. 3rd Generation Regulator (G4)
• B. 5th Generation Regulator (G4)
• C. 4th Generation Regulator (G4)
• D. 2nd Generation Regulator (G4)

Explanation: The ITU’s regulatory classification was fourth-generation regulation, commonly written as G4, reflecting a mature and independent telecommunications regulatory framework. The options incorrectly vary the generation number while retaining the same G4 label.