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 16 of 26
- A. KPK
- B. Punjab
- C. Baluchistan
- D. Sindh
Explanation: Balochistan launched the online tax collection system on 12 February 2019 to modernise revenue collection and reduce manual processes.
Correct answer: Baluchistan- A. Rs 4.6 billion
- B. Rs 5.6 billion
- C. Rs 6.6 billion
- D. Rs 9.6 billion
Explanation: The government approved Rs 5.6 billion for the revival of two grounded PIA aircraft in February 2019.
Correct answer: Rs 5.6 billion- A. HBL
- B. Bank Al Falah
- C. Bank Islami
- D. National bank
Explanation: BankIslami introduced one-touch banking biometric solutions in Pakistan.
Correct answer: Bank Islami- A. Chaudhry Shujaat
- B. Chaudhry Hameed
- C. Abdul Sattar
- D. Ahmed Raza
Explanation: Chaudhry Hameed was reported as the first overseas Pakistani to invest in the Pakistan Banao scheme.
Correct answer: Chaudhry Hameed- A. 6.75 percent payable bi-annually
- B. 6.25 percent payable annually
- C. 6.25 percent payable bi-annually
- D. 6.25 percent payable annually
Explanation: The three-year Pakistan Banao Certificates plan offered a 6.25 percent profit rate payable twice a year.
Correct answer: 6.25 percent payable bi-annually- A. USD 10,000
- B. USD 5,000
- C. USD 15,000
- D. USD 50,000
Explanation: The minimum investment for registration in the Pakistan Banao Scheme was fixed at USD 5,000.
Correct answer: USD 5,000- A. Muslim nations
- B. Overseas Pakistanis
- C. Pakistani Millionares
- D. Dual Nationals
- E. All of the above
Explanation: Pakistan Banao Certificates were introduced primarily to attract investment from overseas Pakistanis and strengthen foreign-exchange…
Correct answer: Overseas Pakistanis- A. UAE
- B. Saudi Arabia
- C. Turkey
- D. China
Explanation: Pakistan finalised a support package of about $6.2 billion with the United Arab Emirates, including financial assistance and related…
Correct answer: UAE- A. $10 billion
- B. $20 billion
- C. $30 billion
- D. $40 billion
Explanation: Pakistan and Saudi Arabia signed memorandums of understanding worth about $20 billion in February 2019.
Correct answer: $20 billion310. Currently how many Pakistani's are working in KSA and sending remittance between $5 billion to $6bn?
- A. 2 million
- B. 2.5 million
- C. 3 million
- D. 3.5 million
Explanation: Around 2.5 million Pakistanis were working in Saudi Arabia and sending home approximately $5 billion to $6 billion in remittances at the…
Correct answer: 2.5 million- A. B PLUS
- B. B NEGATIVE
- C. C
- D. C NEGATIVE
Explanation: S&P’s downgrade moved Pakistan’s sovereign credit rating from B to B-, commonly written in such questions as B negative.
Correct answer: B NEGATIVE- A. July 2015
- B. July 2016
- C. July 2017
- D. July 2018
Explanation: The ninth National Finance Commission process was reported as deadlocked from July 2015.
Correct answer: July 2015- A. 50
- B. 45
- C. 40
- D. 35
Explanation: PPRA reportedly blacklisted 45 national and international companies in January 2019 for procurement-related violations, making 45 the…
Correct answer: 45- A. 280,000 Rs
- B. 360,000 Rs
- C. 456,000 Rs
- D. 524,000
Explanation: The 2019 government Hajj package was reported at about Rs456,000, reflecting the higher cost after subsidy-related changes and increased…
Correct answer: 456,000 Rs- A. 61 Percent
- B. 62 Percent
- C. 63 Percent
- D. 64 Percent
Explanation: The federal cabinet’s 2019 Hajj plan raised the cost by approximately 63 percent, largely because of higher transport, accommodation and…
Correct answer: 63 Percent- A. Pakistan Banao Certificate
- B. Qarz Otaro cerificate
- C. Khoshhal Pakistan Certificate
- D. Pakistan Overseas Certificate
Explanation: Pakistan Banao Certificate is the dollar-denominated diaspora investment instrument introduced to attract foreign exchange from overseas…
Correct answer: Pakistan Banao Certificate- A. Kuwait
- B. Iran
- C. Qatar
- D. Saudi Arabia
Explanation: Qatar lifted its restriction on imports of Pakistani rice, reopening an important market for Pakistan’s agricultural exports.
Correct answer: Qatar- A. 22 January 2019
- B. 23 January 2019
- C. 24 January 2019
- D. 25 January 2019
Explanation: Asad Umar presented the third Finance Bill for 2018-19, commonly called the mini-budget, in the National Assembly on 23 January 2019.
Correct answer: 23 January 2019319. Where the 10th meeting of the Saarc Food Bank board held in________on 21st to 22nd January 2019?
- A. Khatmandu
- B. New Delhi
- C. Islamabad
- D. Columbo
Explanation: The 10th meeting of the SAARC Food Bank Board was held in Islamabad on 21 and 22 January 2019.
Correct answer: Islamabad- A. India
- B. Bangladesh
- C. Pakistan
- D. Srilanka
Explanation: Pakistan increased its wheat contribution to the SAARC Food Bank from 40,000 to 80,000 tonnes.
Correct answer: Pakistan