Free Economy and Budget MCQs with Answers

191. Fixed tax regime for the construction sector has been extended by Prime Minister Imran Khan till:__________?

• A. Dec 2021
• B. Dec 2022
• C. Dec 2023
• D. Dec 2024

Explanation: The construction-sector fixed-tax regime was extended until December 2021. The extension was part of the time-bound incentives announced under the construction package.

192. Pakistan International Airlines announced to operate it's cargo flights to which country ?

• A. China
• B. India
• C. Russia
• D. Saudi Arabia

Explanation: PIA announced cargo operations to Saudi Arabia, linking Pakistan with an important market for air-freighted goods. China was a major PIA passenger and cargo destination, but it was not the country identified in this announcement.

193. The Water and Power Development Authority (WAPDA) is set to raise a international commercial loan of __________ through Euro bonds to meet foreign finance needs?

• A. $100 Million
• B. $300 Million
• C. $500 Million
• D. $700 Million

Explanation: WAPDA planned to raise 500 million US dollars through international Eurobonds to meet its foreign financing needs. The 300 million and 700 million figures do not match the reported borrowing plan.

194. Which of the following Pakistani firm/firms make it to Forbes' Asia's 200 Best Under A Billion list?

• A. Systems Limited Pakistan (IT)
• B. Feroze1888 Mills Ltd (Textile)
• C. SEARLE Pakistan (Pharma)
• D. All of these

Explanation: Systems Limited, Feroze1888 Mills and The Searle Company were all Pakistani firms included in Forbes Asia's 200 Best Under a Billion list. Therefore, the combined option is correct.

195. "The North South Gas Pipeline" has been renamed as ____________ due to major shareholding for Pakistan.

• A. Pakistan Russia Gas Pipeline
• B. Karachi Kasur Gas Pipeline
• C. Pakistan Stream Gas Pipeline
• D. None of these

Explanation: The North-South Gas Pipeline project was renamed the Pakistan Stream Gas Pipeline after the revised ownership arrangement gave Pakistan a major share. The name refers to the Pakistan-Russia project.

196. Prime Minister Imran Khan inaugurated the third private airline of Pakistan on Wednesday 9th December 2020, named?

• A. Air Sial
• B. Serene Air
• C. Hainan Airlines
• D. None

Explanation: AirSial began operations as Pakistan's third private airline when it was inaugurated by Prime Minister Imran Khan on 9 December 2020. Serene Air was already operating, while Hainan Airlines is Chinese.

197. When British airline Virgin Atlantic begin flight operation to Pakistan?

• A. Dec 11, 2020
• B. Dec 12, 2020
• C. Dec 13, 2020
• D. None of these

Explanation: Virgin Atlantic launched its Pakistan flight operations on 11 December 2020. The service connected Pakistan with the airline's international network and began on the date given in option a.

198. In which of the following City Prime minister Imran Khan inaugurated Pakistan's newest private airline AirSial on 9thDec 2020?

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

Explanation: AirSial was inaugurated in Sialkot, the city associated with the airline's founding business community. Lahore, Karachi and Islamabad are major aviation centres but were not the venue for this inauguration.

199. British Airways landed at Lahore airport after almost _______ years?

• A. 20
• B. 30
• C. 40
• D. None of these

Explanation: British Airways resumed its Lahore service in 2020 after an absence of almost 40 years. The wording uses a rounded figure, although the exact gap was somewhat longer than four decades.

200. In year 2017-18, the total Labor Force Participation Rate in Pakistan was________?

• A. 25.7%
• B. 28.7%
• C. 31.7%
• D. 34.7%

Explanation: The reported total labour-force participation rate for 2017-18 was 31.7 percent. This should not be confused with separate male, female or employment-to-population rates, which have different values.