Free Economy and Budget MCQs with Answers

121. Which Pakistani bank has been penalised with heavy fine by US authorities?

• A. NBP
• B. SBP
• C. HBL
• D. None of these

Explanation: The bank penalised by US authorities was the National Bank of Pakistan, commonly abbreviated as NBP. SBP is Pakistan's central bank, not the institution named in this enforcement action.

122. The International Islamic Trade Finance Development Corporation (ITFC) approved _______financing for Pakistan in February,2022?

• A. $1.2bn
• B. $1.3bn
• C. $1.4bn
• D. None of these

Explanation: The International Islamic Trade Finance Corporation approved $1.2 billion in financing for Pakistan in February 2022. ITFC financing supports trade and commodity-import requirements, making this an economic rather than a development-project figure.

123. According to the PTA data which of the following is best network in Pakistan?

• A. Mobilink
• B. Ufone
• C. Zong
• D. Telenor

Explanation: PTA performance data cited Zong as Pakistan's best mobile network in the relevant assessment. The answer depends on the PTA report and its measured criteria, rather than a permanent ranking of all networks.

124. When PM Imran Khan launched the second phase of Raast?

• A. February 14, 2022
• B. February 15, 2022
• C. February 16, 2022
• D. None of these

Explanation: Prime Minister Imran Khan launched the second phase of Raast on 15 February 2022. Raast is Pakistan's instant digital-payment system, developed under the State Bank's financial-inclusion initiatives.

125. The first phase of Raast, Bulk Payments, was launched by the Prime Minister Imran Khan on ____________?

• A. 10 January 2021
• B. 11 January 2021
• C. 15 January 2021
• D. None of these

Explanation: The first phase of Raast, Pakistan’s instant digital payment system for bulk payments, was launched on 11 January 2022. Raast was developed by the State Bank to make domestic digital transfers faster and cheaper.

126. ________ is the number of shops to be provided to youth under the Kamyab Jawan Program?

• A. 2000
• B. 3000
• C. 4000
• D. None of these

Explanation: The Kamyab Jawan initiative planned 2,000 shops for young people, linking the programme with youth entrepreneurship and self-employment. The larger figures in the options are not the announced shop target.

127. The _________ government has signed memorandums of understandings (MoUs) with 44 foreign investment companies Attracts $8 Billion Investment at Dubai International Expo-2020 on January 16, 2022?

• A. Punjab
• B. Sindh
• C. KP
• D. Balochistan

Explanation: The Khyber Pakhtunkhwa government signed MoUs with 44 foreign investment companies at Expo 2020 Dubai, with reported investment interest of $8 billion. KP is therefore the relevant provincial government.

128. Which Central Bank Won the IFN global award 2021 for promoting Islamic Finance across the World ?

• A. State Bank of Pakistan
• B. Bank Negara Malaysia
• C. Saudi Central Bank
• D. None of these

Explanation: The State Bank of Pakistan won the IFN Global Award 2021 for promoting Islamic finance. The award recognised Pakistan’s central bank rather than Malaysia’s or Saudi Arabia’s central bank.

129. According to the 'GLOBAL RISK REPORT 2022', published by the WORLD ECONOMIC FORUM(wef), which among the following is top risk for Pakistan?

• A. Climate Change
• B. Inflation
• C. Debt Crisis
• D. None of these

Explanation: The World Economic Forum’s 2022 country risk assessment identified debt crisis as Pakistan’s leading risk among these choices. Climate change and inflation were important concerns, but they were not the listed top risk in that assessment.

130. When National Assembly passed the Finance (Supplementary) Bill, 2021, termed widely as a ‚mini-budget?

• A. 10 January 2022
• B. 11 January 2022
• C. 13 January 2022
• D. 15 January 2022

Explanation: The National Assembly passed the Finance (Supplementary) Bill, 2021, commonly called the mini-budget, on January 13, 2022. It introduced tax and customs changes linked to IMF-related commitments.