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 14 of 26
- A. 28
- B. 29
- C. 30
- D. 31
Explanation: Pakistan improved by 28 places in the World Bank’s Ease of Doing Business 2020 ranking, moving from 136th to 108th.
Correct answer: 28262. Ranking of Pakistan of doing business according to Worlds Banks Ease of doing Business Index 2020?
- A. 108
- B. 109
- C. 110
- D. 111
Explanation: Pakistan ranked 108th in the World Bank’s Ease of Doing Business 2020 report.
Correct answer: 108- A. China
- B. Russia
- C. Turkey
- D. None of these
Explanation: Pakistan resolved the Karkey rental-power dispute with Turkey’s assistance, avoiding the full financial consequences of the ICSID case.
Correct answer: Turkey- A. Turkey
- B. Iran
- C. Qatar
- D. None of these
Explanation: Turkey helped Pakistan settle the Karkey dispute and avoid the approximately $1.2 billion ICSID penalty.
Correct answer: Turkey- A. 16
- B. 34
- C. 40
- D. 56
Explanation: Pakistan was placed 34th in the 2018 ranking of miserable countries. Such rankings generally combine indicators such as inflation and…
Correct answer: 34- A. 30th Sept 2019
- B. 1st Oct 2019
- C. 2nd Oct 2019
- D. None of these
Explanation: The federal cabinet approved Pakistan's first e-commerce policy framework on 1 October 2019.
Correct answer: 1st Oct 2019- A. China
- B. United States
- C. United Kingdom
- D. None of These
Explanation: The United States helped Pakistan introduce genetically engineered corn, particularly through biotechnology cooperation.
Correct answer: United States- A. 2.51%
- B. 2.61%
- C. 2.71%
- D. 2.81%
Explanation: The UN's 2019 population estimate placed Pakistan at about 2.81% of the world's population.
Correct answer: 2.81%- A. Balloki, Haveli
- B. Guddu, Nandipur
- C. Bin Qasim, Jabban Hydropower Plant
- D. Patrind, Jinnah hydropower project
Explanation: The Cabinet Committee on Privatisation approved the privatisation of the Balloki and Haveli power plants on September 18, 2019.
Correct answer: Balloki, Haveli- A. Rs 21 trillion
- B. Rs 22 trillion
- C. Rs 23 trillion
- D. Rs 24 trillion
Explanation: The central government's domestic debt rose from about Rs20.7 trillion to approximately Rs22 trillion in July 2019.
Correct answer: Rs 22 trillion- A. Rs 33.02 trillion
- B. Rs 34 trillion
- C. Rs 35.02 trillion
- D. Rs 36 trillion
Explanation: The government's total debt increased from Rs31.8 trillion to Rs33.02 trillion by the end of July 2019.
Correct answer: Rs 33.02 trillion- A. $6 billion
- B. $7 billion
- C. $8 billion
- D. $9 billion
Explanation: Under its Country Operations Business Plan 2020–2022, the Asian Development Bank planned about $7 billion in assistance for Pakistan.
Correct answer: $7 billion- A. 3 month
- B. 6 month
- C. 1 year
- D. 2 year
Explanation: The Asia Pacific Group placed Pakistan under enhanced monitoring for one year in August 2019.
Correct answer: 1 year- A. Ufone
- B. Zong
- C. Mobilink
- D. None of these
Explanation: Zong became the first Pakistani telecom operator to officially conduct a 5G trial.
Correct answer: Zong- A. Rs. 50,000
- B. Rs. 60,000
- C. Rs. 70,000
- D. Rs. 90,000Everyday Science Quiz
Explanation: Under the 2019 tax documentation rules, buyers had to provide a CNIC for purchases exceeding Rs. 50,000.
Correct answer: Rs. 50,000- A. 3
- B. 1
- C. 4
- D. None of these
Explanation: The Kekra-1 offshore exploration consortium comprised four companies: ExxonMobil, Eni, Oil and Gas Development Company Limited, and…
Correct answer: 4- A. 1 Billion
- B. 100 Billion
- C. 10 Billion
- D. None of These
Explanation: The Kamyab Jawan Programme was approved with a Rs100 billion allocation to support youth development, skills and entrepreneurship.
Correct answer: 100 Billion- A. 15 billion rupee
- B. 17 billion rupee
- C. 19 billion rupee
- D. 21 billion rupee
Explanation: The 2019-20 budget allocated Rs19 billion for the Sukkur-Multan Motorway.
Correct answer: 19 billion rupee- A. Hafeez Sheikh
- B. Asad Qaiser
- C. Hammad Azhar
- D. Asad Umar
Explanation: Hammad Azhar presented the federal budget for 2019-20 in the National Assembly.
Correct answer: Hammad Azhar- A. 8%
- B. 10%
- C. 14%
- D. 15%
Explanation: Government employees' pensions were increased by 10 percent under the 2019-20 budget.
Correct answer: 10%