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 12 of 26
221. World Bank gave _________million in the project named as "Pandemic Response Effective Project".
- A. $100
- B. $200
- C. $300
- D. $ 400
Explanation: The World Bank approved $200 million for Pakistan’s Pandemic Response Effectiveness Project.
Correct answer: $200- A. Rs 39 Trillion
- B. Rs 40 Trillion
- C. RS 41 Trillion
- D. Rs 42 Trillion
Explanation: Pakistan’s total debt and liabilities were reported at about Rs41 trillion in April 2020.
Correct answer: RS 41 Trillion- A. 110000 bpd
- B. 120000 bpd
- C. 155000 bpd
- D. 115000 bpd
Explanation: Byco’s ORC-II refinery was designed for a capacity of 120,000 barrels per day, making it the country’s largest oil refinery by stated…
Correct answer: 120000 bpd224. PM Imran Khan announced _______ billion subsidy for Naya Pakistan Housing Scheme on 03rd April 2020?
- A. Rs 55 billion
- B. Rs 30 billion
- C. Rs 15 billion
- D. Rs 25 billion
Explanation: The government announced a Rs30 billion subsidy for the Naya Pakistan Housing Scheme on 3 April 2020.
Correct answer: Rs 30 billion- A. $16.3 million to $4.95 billion
- B. $19.5 million to $6.6 billion
- C. $20 million to $2 billion
- D. $19 million to $1 billion
Explanation: The ADB estimated that COVID-19 could cost Pakistan’s economy between $16.3 million and $4.95 billion, depending on the outbreak’s…
Correct answer: $16.3 million to $4.95 billion- A. 131
- B. 133
- C. 134
- D. 135
Explanation: Pakistan was placed 135th in the Heritage Foundation’s 2020 Index of Economic Freedom.
Correct answer: 135- A. Zulfikar Ali Bhutto
- B. Gen Ayub Khan
- C. Gen Yahya Khan
- D. Muhammad Ali Bogra
Explanation: Pakistan entered its first IMF programme in 1958 during the presidency of General Ayub Khan.
Correct answer: Gen Ayub Khan228. The Asian Development Bank has offered Pakistan ___________ to fight the coronavirus pandemic ?
- A. $300 million
- B. $350 million
- C. $450 million
- D. $500 million
Explanation: The Asian Development Bank offered Pakistan $350 million in assistance to help address the economic and health effects of the coronavirus…
Correct answer: $350 million- A. 10%
- B. 12%
- C. 13%
- D. 12.50%
Explanation: The State Bank of Pakistan cut its policy rate from 13.25% to 12.50% in March 2020 as the economic impact of COVID-19 emerged.
Correct answer: 12.50%- A. America
- B. India
- C. China
- D. Pakistan
Explanation: The GSMA report identified Pakistan as having the widest male–female gap in mobile-phone ownership among the 15 countries studied.
Correct answer: Pakistan- A. Rasai
- B. Careem
- C. GoGet
- D. None of these
Explanation: The Competition Commission of Pakistan approved Uber's acquisition of Careem's operations in several Middle Eastern markets, including…
Correct answer: Careem- A. 4th Jan 2016
- B. 4th Mar 2016
- C. 4th Feb 2016
- D. 4th May 2017
Explanation: The inaugural Pakistan Super League began on 4 February 2016 in the United Arab Emirates.
Correct answer: 4th Feb 2016- A. 25-26 Jan
- B. 26-27 Jan
- C. 27-28 Jan
- D. 30-31 Jan
Explanation: The Pak-Africa Trade Development Conference 2020 was held in Nairobi on 30–31 January 2020.
Correct answer: 30-31 Jan- A. Kamyab Nojawan
- B. Ehsaas Kafalat Programme
- C. Naya Pakistan Housing Scheme
- D. Sehat Sahulat Program
Explanation: The Ehsaas Kafalat Programme provided eligible women with a quarterly stipend of Rs 2,000, with the initial target of about seven million…
Correct answer: Ehsaas Kafalat Programme- A. 110
- B. 117
- C. 120
- D. None of these
Explanation: In Transparency International’s 2019 CPI, Pakistan ranked 120th among 180 countries.
Correct answer: 120- A. KPK
- B. Punjab
- C. Balochistan
- D. Sindh
Explanation: Sindh became the first province to obtain a federal licence for establishing a provincial power grid company.
Correct answer: Sindh- A. Third
- B. Fifth
- C. Seventh
- D. None of these
Explanation: The 2020 Global Climate Risk Index placed Pakistan fifth among the countries most affected by climate-related events during 1999-2018.
Correct answer: Fifth- A. Habib Bank Limited
- B. Bank Alfalah
- C. United Bank Limited
- D. National Bank of Pakistan
Explanation: Bank Alfalah received Pakistan’s Best Bank Award for 2019. The award is distinct from the banks’ general size or market-share rankings…
Correct answer: Bank Alfalah- A. $7bn
- B. $6bn
- C. $9bn
- D. $12bn
Explanation: Pakistan challenged the roughly $6 billion Reko Diq penalty before a US court; the awarded amount was commonly reported as about $5.9 to…
Correct answer: $6bn- A. Rs 5bn
- B. Rs 6bn
- C. Rs 7bn
- D. Rs 8bn
Explanation: The approved Utility Stores relief package amounted to Rs 7 billion, intended to subsidise essential commodities.
Correct answer: Rs 7bn