Free Economy and Budget MCQs with Answers

171. The Economist Intelligence Unit (EIU), in partnership with Facebook, has released the Inclusive Internet Index 2021. Pakistan has been ranked at ________ spot globally?

• A. 49th
• B. 90th
• C. 78th
• D. None of these

Explanation: Pakistan ranked 90th globally in the Economist Intelligence Unit and Facebook Inclusive Internet Index 2021. The index measures access, affordability, relevance and people’s readiness to use the internet.

172. According to the statement from the Poverty Alleviation and Social Safety Division (PASSD), The government has set the 'Nisab for Zakat' at ____________ for the year 1441-42 AH:

• A. Rs 46,329/-
• B. Rs 57,334/-
• C. Rs 80,933/-
• D. None of these

Explanation: The government fixed the Zakat nisab at Rs 80,933 for the stated year. The lower amounts in the options relate to earlier nisab announcements and are the likely numerical trap.

173. Which bank creates history, becomes the first Pakistani bank to open a branch in Beijing, China?

• A. NBP
• B. HBL
• C. Meezan Bank
• D. First Women Bank

Explanation: Habib Bank Limited became the first Pakistani bank to open a branch in Beijing. HBL has maintained a significant international banking presence, including operations in China.

174. The ________________has plans to invest $94.04 million in a 'virtual pipeline' to deliver imported liquefied natural gas (LNG) in Pakistani Industries.

• A. Oil and Gas Development Company Limited
• B. Gwadar GasPort Limited (GGPL)
• C. Pakistan Petroleum Limited
• D. Pakistan Oil Fields Limited

Explanation: Gwadar GasPort Limited planned the $94.04 million virtual LNG pipeline project. It was intended to transport imported liquefied natural gas to industrial consumers without a conventional fixed pipeline.

175. Pakistan joined ___________ on February 24, 2021 to protect its trademarks ?

• A. Benelux system
• B. Madrid system
• C. Kyoto Protocol
• D. None of these

Explanation: Pakistan joined the Madrid System on 24 February 2021, allowing trademark owners to seek protection in multiple member countries through a central international registration process. The Kyoto Protocol concerns climate policy, not trademark protection.

176. Pakistan and Qatar have signed long-term Liquefied Natural Gas (LNG) supply contract for how many years?

• A. 5 years
• B. 10 years
• C. 15 years
• D. None of these

Explanation: Pakistan and Qatar signed a 10-year LNG supply agreement in 2021, extending Pakistan’s long-term access to Qatari gas. The earlier agreement had covered a longer 15-year period, which can cause confusion.

177. Which country has decided to register Himalayan Pink Salt as Geographical Indications (GI)?

• A. Pakistan
• B. India
• C. China
• D. Nepal

Explanation: Pakistan decided to register Himalayan Pink Salt as a geographical indication to protect its origin and commercial identity in international markets. A GI links a product’s reputation to a specific geographic region.

178. Pakistan Railway to run train from ___________ in order to strengthen trade?

• A. Islamabad-Tehran-Istanbul
• B. Islamabad-Kabul-Tehran
• C. Islamabad-Beijing-Tehran
• D. Islamabad-Tehran-Baku

Explanation: Pakistan Railways planned the Islamabad-Tehran-Istanbul train under the ECO connectivity framework to improve regional trade and transport links. The route connects Pakistan with Iran and Turkey, not Afghanistan, China or Azerbaijan.

179. Financial Action Task Force decided to keep Pakistan on grey list until_________ ?

• A. July 2021
• B. December 2021
• C. August 2021
• D. June 2021

Explanation: At its February 2021 plenary, FATF retained Pakistan on the grey list until the June 2021 review. The wording refers to the next scheduled review period, not December or August.

180. Pakistan, International Islamic Trade Finance Corporation (ITFC) signed Annual Financing Plan 2021 worth __________billion on February 24, 2021.

• A. $1.5 billion
• B. $2 billion
• C. $1.1 billion
• D. None of these

Explanation: Pakistan and the International Islamic Trade Finance Corporation signed a 2021 annual financing plan worth $1.1 billion. ITFC financing generally supports imports of essential commodities and trade-related needs, not a $1.5 billion or $2 billion plan in this agreement.