Free Economy and Budget MCQs with Answers

• A. Habib Bank Limited (HBL)
• B. Meezan Bank Limited (MBL)
• C. Askari Bank Limited (ABL)
• D. United Bank Limited (UBL)

Explanation: HBL received the licence to become the first Pakistani bank to provide financial services to clients in Beijing.

• A. Rs 90 billion
• B. Rs 120 billion
• C. Rs 150 billion
• D. Rs 300 billion

Explanation: NAB reported recovering about Rs150 billion from corrupt elements during 2019.

• A. 19 December 2019
• B. 23 December 2019
• C. 26 December 2019
• D. 27 December 2019Everyday Science Quiz

Explanation: Pakistan received the IMF’s second tranche of about $454 million on 26 December 2019 under the Extended Fund Facility.

• A. 1 December 2019
• B. 13 December 2019
• C. 17 December 2019
• D. 20 December 2019

Explanation: Korea’s EXIM Bank signed the $80 million loan agreement with Pakistan on 20 December 2019.

• A. 600,165
• B. 720,165
• C. 820,165
• D. None of these

Explanation: The government removed 820,165 beneficiaries from BISP after identifying them as undeserving, including some government employees and…

• A. Jacobabad
• B. Khairpur
• C. Sanghar
• D. Thar

Explanation: PPL’s Bistro-1 exploratory well discovery was reported in Khairpur district of Sindh.

• A. Chagi, Balochistan
• B. Kalat, Balochistan
• C. Mardan, KPK
• D. Jhelum, Punjab

Explanation: The Margand X-1 exploratory well was located in Kalat district of Balochistan.

• A. About 38.5 billion rupees
• B. About 38 billion rupees
• C. About 37 billion rupees
• D. About 37.5 billion rupees

Explanation: The UK National Crime Agency settlement involving Malik Riaz’s family was valued at about £190 million, reported at roughly Rs38.5 billion…

• A. Salam Kissan kisaan
• B. Digital kisaan
• C. Life kisaan
• D. None of these

Explanation: Fatima Fertilizer named its farmer-recognition campaign “Salam Kissan Kisaan.” The title combines a greeting with the Urdu term for…

• A. $3 millions
• B. $4 millions
• C. $4.5 millions
• D. $5.3 millions

Explanation: Japan provided a grant of $4.5 million to support Pakistan’s polio-eradication efforts.

• A. 142
• B. 152
• C. 162
• D. 172

Explanation: Pakistan ranked 152nd in the 2019 Human Development Index. The index measures broader human development through indicators such as health…

• A. Rozgar Jawan Program
• B. Youth, the future of Nation
• C. Kamyab Business Program
• D. Kamyab Jawan Program

Explanation: The Kamyab Jawan Programme provided youth-focused financing, including soft loans for starting or expanding small businesses.

• A. State Bank
• B. IMF
• C. ADB
• D. World Bank

Explanation: The Asian Development Bank approved about $1.3 billion for Pakistan as emergency budgetary support.

• A. A3
• B. Baa2
• C. Ba1
• D. B3

Explanation: Moody’s rated Pakistan B3, which is in the speculative or non-investment-grade range and reflects substantial credit risk.

• A. 127
• B. 121
• C. 117
• D. 71

Explanation: Pakistan stood 121st out of 140 economies in the World Economic Forum’s Travel and Tourism Competitiveness Index 2019.

• A. Development
• B. Poverty alleviation
• C. To discourage terror financing
• D. Asian countries

Explanation: Queen Máxima visited Pakistan as the UN Secretary-General’s Special Advocate for Inclusive Finance for Development.

• A. 5th November 2019 ✓
• B. 6th November 2019
• C. 7th November 2019
• D. None of these

Explanation: The federal cabinet approved Pakistan’s National Electric Vehicle Policy on November 5, 2019.

• A. 3.30 % ✓
• B. 5.29 %
• C. 7.29 %
• D. 9.29 %

Explanation: Pakistan’s GDP growth for fiscal year 2018-19 was about 3.3%, after a sharp slowdown from the previous year.

• A. 0.85 % ✓
• B. 2.85 %
• C. 4.85 %
• D. 6.85 %

Explanation: Agriculture grew by only 0.85% in FY2018-19, reflecting weak performance in important crops despite stronger results in some other…

• A. 550th ✓
• B. 560th
• C. 500th
• D. none of these

Explanation: The State Bank issued the commemorative coin to mark Guru Nanak’s 550th birth anniversary in 2019.