Free Economy and Budget MCQs with Answers
509 Economy and Budget MCQs from Pakistan Current Affairs, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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509 questions · page 10 of 26
181. What is the name of the Pakistan first national investment platform launched on February 09, 2021?
- A. PakImpactInvest
- B. ImpactGrowth
- C. PakGrowth
- D. None of these
Explanation: The platform was called PakImpactInvest and was launched as Pakistan’s first national investment platform.
Correct answer: PakImpactInvest- A. Third
- B. Fourth
- C. Fifth
- D. Sixth
Explanation: Imran Khan made the debt-relief appeal during the fourth session of the UNCTAD-related conference.
Correct answer: Fourth- A. Trade & eliminate red tapsim
- B. decrease trade barriers & tansactions
- C. financial inculsion & eliminate corruption
- D. None of these
Explanation: Raast is Pakistan’s first instant-payment system, designed to expand financial inclusion and promote transparent digital transactions.
Correct answer: financial inculsion & eliminate corruption- A. Techno pay
- B. Raast
- C. Digital currency
- D. None of these
Explanation: Raast is the State Bank of Pakistan’s instant digital-payment system, designed to connect banks and users through fast, low-cost…
Correct answer: Raast- A. Malaysia
- B. Indonesia
- C. Singapore
- D. None of these
Explanation: Malaysia seized a PIA Boeing 777 at Kuala Lumpur International Airport over a dispute involving about $14 million in unpaid lease…
Correct answer: Malaysia- A. DSSI
- B. RAAST
- C. FAST
- D. None of these
Explanation: Raast, meaning a direct or straightforward route, is Pakistan’s first instant-payment system and was introduced to promote financial…
Correct answer: RAAST- A. oil prices
- B. prices of essential commodities
- C. Banks performance
- D. None of these
Explanation: The Decision Support System for Inflation was intended to record and monitor the prices of essential commodities in 17 major cities.
Correct answer: prices of essential commodities- A. HBL
- B. Allied Bank
- C. Meezan Bank
- D. None of these
Explanation: Meezan Bank was named Best Bank of Pakistan for calendar year 2020 at the fifth Pakistan Banking Awards.
Correct answer: Meezan Bank- A. Rs100 billion
- B. Rs140 billion
- C. Rs200 billion
- D. None of these
Explanation: KP Finance Minister Taimur Saleem Jhagra estimated that raising the retirement age could save the province approximately Rs140 billion…
Correct answer: Rs140 billion- A. Manufacturing Sector
- B. Construction Sector
- C. Banking Sector
- D. Government Sector
Explanation: The fixed tax regime was extended for the construction sector as part of the government's construction and real-estate incentive package.
Correct answer: Construction Sector- A. Dec 2021
- B. Dec 2022
- C. Dec 2023
- D. Dec 2024
Explanation: The construction-sector fixed-tax regime was extended until December 2021.
Correct answer: Dec 2021- A. China
- B. India
- C. Russia
- D. Saudi Arabia
Explanation: PIA announced cargo operations to Saudi Arabia, linking Pakistan with an important market for air-freighted goods.
Correct answer: Saudi Arabia- A. $100 Million
- B. $300 Million
- C. $500 Million
- D. $700 Million
Explanation: WAPDA planned to raise 500 million US dollars through international Eurobonds to meet its foreign financing needs.
Correct answer: $500 Million194. Which of the following Pakistani firm/firms make it to Forbes' Asia's 200 Best Under A Billion list?
- A. Systems Limited Pakistan (IT)
- B. Feroze1888 Mills Ltd (Textile)
- C. SEARLE Pakistan (Pharma)
- D. All of these
Explanation: Systems Limited, Feroze1888 Mills and The Searle Company were all Pakistani firms included in Forbes Asia's 200 Best Under a Billion list.
Correct answer: All of these- A. Pakistan Russia Gas Pipeline
- B. Karachi Kasur Gas Pipeline
- C. Pakistan Stream Gas Pipeline
- D. None of these
Explanation: The North-South Gas Pipeline project was renamed the Pakistan Stream Gas Pipeline after the revised ownership arrangement gave Pakistan a…
Correct answer: Pakistan Stream Gas Pipeline- A. Air Sial
- B. Serene Air
- C. Hainan Airlines
- D. None
Explanation: AirSial began operations as Pakistan's third private airline when it was inaugurated by Prime Minister Imran Khan on 9 December 2020.
Correct answer: Air Sial- A. Dec 11, 2020
- B. Dec 12, 2020
- C. Dec 13, 2020
- D. None of these
Explanation: Virgin Atlantic launched its Pakistan flight operations on 11 December 2020.
Correct answer: Dec 11, 2020- A. Lahore
- B. Karachi
- C. Islamabad
- D. Sialkot
Explanation: AirSial was inaugurated in Sialkot, the city associated with the airline's founding business community.
Correct answer: Sialkot- A. 20
- B. 30
- C. 40
- D. None of these
Explanation: British Airways resumed its Lahore service in 2020 after an absence of almost 40 years.
Correct answer: 40- A. 25.7%
- B. 28.7%
- C. 31.7%
- D. 34.7%
Explanation: The reported total labour-force participation rate for 2017-18 was 31.7 percent.
Correct answer: 31.7%