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 2 of 26
- A. Accepted at the minimum fee
- B. Rejected due to lack of experience
- C. Offered below the minimum fee
- D. Accepted with conditions
Explanation: The Turkish consortium's bid did not meet the government's minimum fee requirement, so it was offered below the acceptable threshold…
Correct answer: Offered below the minimum fee- A. Prime Minister
- B. Deputy Prime Minister
- C. Finance Minister
- D. Foreign Minister
Explanation: Deputy Prime Minister Ishaq Dar expressed the goal of turning Pakistan from a nuclear power into an economic power.
Correct answer: Deputy Prime Minister- A. December 25, 2024
- B. December 31, 2024
- C. January 1, 2025
- D. November 30, 2024
Explanation: Prime Minister Shehbaz Sharif unveiled the five-year National Economic Transformation Plan 2024-29 on December 31, 2024.
Correct answer: December 31, 2024- A. The Five Es
- B. The Triple R Approach
- C. The Sustainable Growth Model
- D. The National Development Index
Explanation: The plan uses the Five Es framework: Exports, E-Pakistan, Environment, Energy and Equity.
Correct answer: The Five Es- A. 2.3%
- B. 2.8%
- C. 3.5%
- D. 4.0%
Explanation: The World Bank projected Pakistan’s fiscal-year economic growth at 2.8% in its October 2024 assessment.
Correct answer: 2.8%- A. January 1, 2025
- B. January 1, 2026
- C. January 1, 2027
- D. January 1, 2028
Explanation: The amendment set the constitutional target of eliminating riba from Pakistan before January 1, 2028.
Correct answer: January 1, 2028- A. 20%
- B. 25%
- C. 30%
- D. 40%
Explanation: The World Bank’s outlook placed Pakistan’s poverty rate near 40 percent through fiscal year 2026, reflecting the effects of inflation…
Correct answer: 40%- A. Agriculture
- B. Textile
- C. Health
- D. Both (A) and (B)
Explanation: The IMF called for an end to preferential treatment, exemptions, and protective measures benefiting both agriculture and textiles.
Correct answer: Both (A) and (B)- A. One
- B. Two
- C. Three
- D. Four
Explanation: The IMF recommended annual climate-resilience and adaptation spending equal to 1 percent of Pakistan’s GDP.
Correct answer: One- A. September 13-14
- B. October 13-14
- C. September 29-30
- D. October 15-16
Explanation: The first Pakistan Oman Expo and Business Conference was held in Muscat on October 13 and 14, 2024.
Correct answer: October 13-14- A. El Nino
- B. La Nina
- C. Southern Oscillation (ENSO)
- D. None of the Above
Explanation: La Niña was expected to emerge in late 2024 and continue into early 2025, bringing weather patterns that could increase dry-condition…
Correct answer: La Nina- A. Africa
- B. Russia
- C. Pakistan
- D. Afghanistan
Explanation: Pakistan is often described as possessing the world's fourth-largest shale oil and gas reserves, not necessarily the fourth-largest total…
Correct answer: Pakistan33. Which company has launched UgAi, the first integrated agricultural e-commerce platform of Pakistan?
- A. Fauji Fertilizers
- B. Engro Fertilizers
- C. Fatima Fertilizers
- D. Agritech Fertilizers
Explanation: Engro Fertilizers launched UgAi as Pakistan's first integrated agricultural e-commerce platform.
Correct answer: Engro Fertilizers- A. 64th
- B. 33rd
- C. 82nd
- D. 109th
Explanation: Pakistan stood at 109th in the 2024 Global Hunger Index and remained in the serious hunger category.
Correct answer: 109th- A. 67th
- B. 79th
- C. 91st
- D. 100th
Explanation: Pakistan was placed 91st in the Global Innovation Index 2024. The index compares economies through indicators such as research…
Correct answer: 91st- A. Pak Suzuki Motors
- B. Regal Automobiles
- C. Honda Atlas Cars
- D. Toyota Indus Motors
Explanation: Regal Automobiles received the Engineering Development Board licence to assemble Pakistan's first electric SUV.
Correct answer: Regal Automobiles- A. 2.1%
- B. 2.3%
- C. 2.5%
- D. 2.8%
Explanation: The Asian Development Bank's Asian Development Outlook projected Pakistan's FY2025 economic growth at 2.8 percent.
Correct answer: 2.8%- A. 99
- B. 101
- C. 111
- D. 119
Explanation: The World Economic Forum's 2024 Travel and Tourism Development Index placed Pakistan at 101st among 119 economies.
Correct answer: 101- A. 30
- B. 34
- C. 38
- D. 40
Explanation: August 2024 inflation fell to 9.6%, the first single-digit reading after 34 months, compared with 27.4% in August 2023.
Correct answer: 34- A. World Bank
- B. Food and Agriculture Organization (FAO)
- C. UNICEF
- D. World Trade Organization
Explanation: The Food and Agriculture Organization launched the cash assistance programme for vulnerable households in Tharparkar, Umerkot and Dadu.
Correct answer: Food and Agriculture Organization (FAO)