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 17 of 26
- A. $3 billion
- B. $4 billion
- C. $5 billion
- D. $7 billion
Explanation: The agreement with the Abu Dhabi Fund for Development covered a $3 billion deposit in the State Bank of Pakistan.
Correct answer: $3 billion322. Pakistan International Airline extended its operation on 20 Jan by launching flight from_________?
- A. Sialkot-Dubai-USA
- B. Sialkot- Barcelona -Paris
- C. Sialkot- Barcelona -Australia
- D. Sialkot -india -bangladesh
Explanation: PIA expanded its international network by launching the Sialkot-Barcelona-Paris route.
Correct answer: Sialkot- Barcelona -Paris- A. 5.2bn USD
- B. 6.2bn USD
- C. 7.2bn USD
- D. 3.2bn USD
Explanation: The UAE support package was valued at 6.2 billion US dollars, including deposits and deferred oil-payment support.
Correct answer: 6.2bn USD- A. Wolf
- B. Panda
- C. Lion
- D. Dragon
Explanation: Panda bonds are bonds issued in China's capital market by a foreign borrower and denominated in Chinese yuan.
Correct answer: Panda- A. Norway Airlines
- B. Australia Airways
- C. British Airways
- D. None of these
Explanation: British Airways announced the resumption of flights to Pakistan after a ten-year gap, beginning with service to Islamabad.
Correct answer: British Airways326. Shaikh Rasheed inaugurated "Rahman Baba Express" train, it will travel from Peshawar To________?
- A. Sukkur
- B. Karachi
- C. Kotri
- D. Larkana
Explanation: Rahman Baba Express was introduced to connect Peshawar with Karachi, linking Khyber Pakhtunkhwa to the country’s major southern rail…
Correct answer: Karachi327. Which Bank recently has proposed a $7.5-billion lending programme for Pakistan for next three years?
- A. World Bank
- B. ADB
- C. Islamic Bank
- D. AIIB
Explanation: The Asian Development Bank proposed a 7.5-billion-dollar lending programme for Pakistan covering three years.
Correct answer: ADB- A. $ 2 Billion
- B. $ 4 Billion
- C. $ 5.1 Billion
- D. $ 39.7 Billion
Explanation: The World Bank placed Pakistan's trade with South Asia at about $5.1 billion in 2018.
Correct answer: $ 5.1 Billion- A. $25 Billion
- B. $31 Billion
- C. $37 Billion
- D. $48 Billion
Explanation: The World Bank estimated that Pakistan-India trade could rise from just over $2 billion to around $37 billion if trade barriers were…
Correct answer: $37 Billion- A. $3 billion
- B. $5 billion
- C. $7.5 billion
- D. $10 billion
Explanation: The Asian Development Bank proposed a $7.5 billion lending programme for Pakistan covering the following three years.
Correct answer: $7.5 billion- A. $3 billion
- B. $2 billion
- C. $1 billion
- D. $0.5 billion
Explanation: Pakistan received the second $1 billion tranche of the Saudi financial support package.
Correct answer: $1 billion- A. $2 Billion
- B. $5 Billion
- C. $5.1 Billion
- D. $39.7 Billion
Explanation: The World Bank put formal Pakistan-India trade at a little over $2 billion in 2018.
Correct answer: $2 Billion- A. Morocco
- B. UAE
- C. Armenia
- D. Jordan
Explanation: The UAE announced a minimum wage of 800 dirhams for Pakistani workers under the relevant labour arrangement.
Correct answer: UAE- A. Aamir Mehmood Kiani
- B. Asad Umar
- C. Shireen Mazari
- D. None of above
Explanation: Health Minister Aamir Mehmood Kiani announced the proposed health-related 'sin taxes' on tobacco and sugary drinks.
Correct answer: Aamir Mehmood Kiani- A. Firms from Asian countries
- B. Firms from whole world
- C. Firms from Muslim countries
- D. Firms from Pakistan only
Explanation: IDEAS is an international defence exhibition, so it features defence firms and exhibitors from around the world, not only Pakistani or…
Correct answer: Firms from whole world- A. Having 41 kg boneless meat.
- B. Due to presence of a special type of matter used by pharmaceuticals in production of surgical items.
- C. A rarely found fish once in years.
- D. British Royal family's favourite dish.
Explanation: Sowa fish is valuable mainly because its swim bladder contains a collagen-like substance used in pharmaceutical products, including…
Correct answer: Due to presence of a special type of matter used by pharmaceuticals in production of surgical items.- A. Mathew Hayden
- B. Harald Finger
- C. Joe Biden
- D. Maria wazir
Explanation: Harald Finger led the IMF mission that visited Pakistan during negotiations over a potential bailout programme.
Correct answer: Harald Finger- A. 12 times
- B. 21 times
- C. 27 times
- D. 33 times
Explanation: Pakistan joined the IMF in 1950 and had entered 21 IMF borrowing arrangements by the period covered by this question.
Correct answer: 21 times- A. 1947
- B. 1948
- C. 1950
- D. 1951
Explanation: Pakistan became an IMF member in 1950, three years after independence. The commonly cited membership date is 11 July 1950.
Correct answer: 1950- A. 1B($)
- B. 3B($)
- C. 6B($)
- D. None
Explanation: Saudi Arabia’s financial support package began with a $1 billion deposit in Pakistan’s account on 19 November 2018.
Correct answer: 1B($)