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 11 of 26
201. According to a recent Oxfam report, What is the rank of Pakistan in Health Spending Index 2020?
- A. 75/158
- B. 96/158
- C. 128/158
- D. 155/158History
Explanation: Pakistan ranked 128th out of 158 countries in Oxfam’s 2020 Health Spending Index.
Correct answer: 128/158- A. 1.535 trillion
- B. 1.695 trillion
- C. 1.075 trillion
- D. None of these
Explanation: The Auditor General of Pakistan pointed to financial irregularities amounting to Rs1.535 trillion and criticised the Finance Ministry’s…
Correct answer: 1.535 trillion- A. 77th
- B. 88th
- C. 94th
- D. None of these
Explanation: Pakistan stood at 88th out of 107 countries in the 2020 Global Hunger Index.
Correct answer: 88th- A. 1 Sep 2020
- B. 22 Aug 2020
- C. 1 Oct 2020
- D. 4 July 2020
Explanation: The Punjab Rozgar Scheme was launched on 1 October 2020 to support employment and business opportunities, particularly through financing…
Correct answer: 1 Oct 2020- A. 135
- B. 142
- C. 176
- D. 194Primary & Secondary Schooling (K-12)
Explanation: Pakistan stood at 135th position in the 2020 Index of Economic Freedom.
Correct answer: 135- A. Engineer Ashiq Ali
- B. Brig (r) Shujah Hassan
- C. Sher Alam Mehsud
- D. None
Explanation: Brigadier (retired) Shuja Hassan was serving as the chief executive officer of Pakistan Steel Mills in the period referenced.
Correct answer: Brig (r) Shujah Hassan- 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.
Correct answer: 2010- 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.
Correct answer: Etihad Airways- 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.
Correct answer: $2.41 billion- 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.
Correct answer: 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.
Correct answer: Hammad Azhar- 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.
Correct answer: 1.3 trillion- 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%.
Correct answer: 7%- 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.
Correct answer: $500 Million- 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.
Correct answer: Moody's Corporation- 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…
Correct answer: 4th Generation Regulator (G4)- A. Rs44,415
- B. Rs46,329
- C. Rs49,750
- D. None of these
Explanation: The State Bank fixed the 2020 zakat nisab for bank-account deductions at Rs46,329.
Correct answer: Rs46,329- A. Hilton Pharma
- B. Ccl Pharma
- C. Getz Pharma
- D. Ferozsons Pharma
Explanation: Getz Pharma was identified as Pakistan’s only pharmaceutical manufacturing facility with WHO approval among the country’s roughly 759…
Correct answer: Getz Pharma219. US announced funding of ________ million dollars for Pakistan to combat COVID-19 in April 2020?
- A. 7
- B. 7.4
- C. 8
- D. 8.4Election Officer Mcqs
Explanation: The United States announced $8.4 million in assistance for Pakistan’s COVID-19 response in April 2020.
Correct answer: 8.4Election Officer Mcqs- A. 144 million
- B. 144 billion
- C. 150 billion
- D. 170 billion
Explanation: The Ehsaas Relief Programme launched on 9 April 2020 had an allocation of Rs144 billion for cash assistance to vulnerable families…
Correct answer: 144 billion