Free Economy and Budget MCQs with Answers

• A. 3.9%
• B. 3.7%
• C. 3.4%
• D. 4.2%

Explanation: The Asian Development Bank projected Pakistan's growth to slow from 4.8 percent to 3.9 percent in fiscal year 2019.

• A. 7.5%
• B. 6.9%
• C. 6.7%
• D. 6.5%

Explanation: The ADB expected Pakistan's average inflation to rise to 7.5 percent in FY2019.

• A. $515
• B. $518
• C. $520
• D. None of above

Explanation: The World Bank package amounted to $518 million and was aimed at improving revenue collection while lowering the cost of tax compliance.

• A. June 9, 2019
• B. June 10, 2019
• C. June 11, 2019
• D. June 12, 2019

Explanation: The federal budget for fiscal year 2019-20 was presented on June 11, 2019.

• A. June 1, 2019
• B. June 2, 2019
• C. June 3, 2019
• D. June 4, 2019

Explanation: British Airways resumed flights to Islamabad on June 3, 2019, after an 11-year suspension.

• A. $ 3 billion
• B. $ 3.1 billion
• C. $ 3.4 billion
• D. $ 3.2 billion

Explanation: Saudi Arabia agreed to provide Pakistan oil worth $3.2 billion on deferred payment terms from July 2019.

• A. 6 billion $
• B. 5 billion $
• C. 7 billion $
• D. 4 billion $

Explanation: Pakistan agreed to a three-year IMF programme worth approximately 6 billion US dollars in 2019.

• A. China
• B. UAE
• C. Saudi Arabia
• D. Malaysia

Explanation: Pakistan and China signed the second phase of their Free Trade Agreement, commonly called CPFTA Phase II.

• A. Pakistan Tobacco Company Limited
• B. General Tobacco Company
• C. British American Tobacco
• D. Khyber Tobacco Company Limited

Explanation: British American Tobacco presented a Rs5 million cheque to Prime Minister Imran Khan for the Diamer-Bhasha and Mohmand Dam Fund.

• A. Saudi Arabia
• B. South Korea
• C. China
• D. Iran

Explanation: Pakistan and South Korea signed the 500-million-dollar framework agreement in April 2019 to strengthen economic and development…

• A. British
• B. Jet
• C. Gulf
• D. None of these

Explanation: British Airways announced the resumption of flights to Pakistan in June 2019 after a ten-year suspension.

• A. 137
• B. 147
• C. 153
• D. 165

Explanation: When the PTI government took office in 2018, Pakistan's World Bank Ease of Doing Business rank was 147.

• A. Mobilink
• B. Zong
• C. Ufone
• D. None of these

Explanation: Zong received the Best 4G Services in Pakistan award at the 3rd Consumers IT & Telecom Conference held on 30 March 2019.

• A. $2 Billion
• B. $2.7 Billion
• C. $5.1 Billion
• D. $2.2 Billion

Explanation: China provided Pakistan with a $2.2 billion loan in March 2019, helping strengthen the country’s foreign-exchange position.

• A. Islamabad
• B. Turbat
• C. Karachi
• D. Lahore

Explanation: Karachi appeared among the world’s ten cheapest cities in the Economist Intelligence Unit’s 2019 cost-of-living report.

• A. 3 MoUs
• B. 6 MoUs
• C. 8 MoUs
• D. 11 MoUs

Explanation: Pakistani and Malaysian companies signed six MoUs covering cooperation in IT, telecommunications and car manufacturing.

• A. High-income and unbanked population of the country.
• B. Low-income and Unbanked population of the country.
• C. High-income and banked population of the country.
• D. Low-income and banked population of the country.

Explanation: “Sikka Baqaida” was designed to bring low-income and unbanked people into the formal financial system.

• A. 100%
• B. 150%
• C. 200%
• D. 300%Election Officer Mcqs

Explanation: In February 2019, India increased customs duty on Pakistani imports to 200 percent as part of its trade measures against Pakistan.

• A. 12
• B. 7
• C. 2
• D. 20

Explanation: Pakistan and Saudi Arabia signed seven agreements and memorandums of understanding during Crown Prince Mohammed bin Salman’s February 2019…

• A. Karachi
• B. Peshawar
• C. Islamabad
• D. Lahore

Explanation: The Karachi city administration launched an Android application displaying official prices for commodities.