Free Economy and Budget MCQs with Answers

201. According to a recent Oxfam report, What is the rank of Pakistan in Health Spending Index 2020?

• A. 75/158
• B. 96/158
• C. 128/158
• D. 155/158History

Explanation: Pakistan ranked 128th out of 158 countries in Oxfam’s 2020 Health Spending Index. The ranking reflected the country’s low public spending and weak health outcomes.

202. AGP blames finance ministry for irregularities worth Rs___________?

• A. 1.535 trillion
• B. 1.695 trillion
• C. 1.075 trillion
• D. None of these

Explanation: The Auditor General of Pakistan pointed to financial irregularities amounting to Rs1.535 trillion and criticised the Finance Ministry’s financial management. The figure is reported in trillions, not billions, which helps distinguish option a.

203. What is the Pakistan's rank at the 2020 Global Hunger Index (GHI) out of 107 countries?

• A. 77th
• B. 88th
• C. 94th
• D. None of these

Explanation: Pakistan stood at 88th out of 107 countries in the 2020 Global Hunger Index. Its position indicated a serious hunger challenge, although the index’s overall category for Pakistan was not the same as its numerical rank.

204. When Punjab Rozgar Scheme Launched?

• A. 1 Sep 2020
• B. 22 Aug 2020
• C. 1 Oct 2020
• D. 4 July 2020

Explanation: The Punjab Rozgar Scheme was launched on 1 October 2020 to support employment and business opportunities, particularly through financing for entrepreneurs. The September and July dates refer to no such launch.

205. What is the rank of 'Pakistan' in the Global Economic Freedom Index 2020?

• A. 135
• B. 142
• C. 176
• D. 194Primary & Secondary Schooling (K-12)

Explanation: Pakistan stood at 135th position in the 2020 Index of Economic Freedom. The much lower ranks listed refer to neither Pakistan’s position nor the index’s standard ranking scale.

206. Who is the Current CEO of Pakistan Steel Mills?

• A. Engineer Ashiq Ali
• B. Brig (r) Shujah Hassan
• C. Sher Alam Mehsud
• D. None

Explanation: Brigadier (retired) Shuja Hassan was serving as the chief executive officer of Pakistan Steel Mills in the period referenced. The other listed officials were not the PSM CEO at that time.

207. Pakistan allows Afghanistan's exports through the Wagah border with India Under the_________bilateral trade agreement between Pakistan and Afghanistan?

• A. 2010
• B. 2013
• C. 2018
• D. None of these

Explanation: Afghanistan's exports were allowed to pass through Wagah under the Afghanistan-Pakistan Transit Trade Agreement signed in 2010. The year 2010 is therefore the relevant agreement date, not a later trade arrangement.

208. ________announced to increase its flights operations for Pakistan from July 16, 2020?

• A. Qatar Airways
• B. Singapore Airlines
• C. Etihad Airways
• D. None of Above

Explanation: Etihad Airways announced an increase in its flight operations for Pakistan from 16 July 2020. Qatar Airways and Singapore Airlines were not the airline named in this announcement.

209. What amount of debt payments will be rescheduled by Pakistan in 2020 under the Debt Service Suspension Initiative?

• A. $2.11 billion
• B. $2.41 billion
• C. $3.21 billion
• D. $3.41 billion

Explanation: Pakistan secured rescheduling of about $2.41 billion in debt payments under the G20 Debt Service Suspension Initiative. The arrangement temporarily eased external debt-service pressure during the pandemic.

210. The Federal budget for the fiscal year 2020-2021 announced on _____________?

• A. June 10, 2020
• B. June 12, 2020
• C. June 14, 2020
• D. None of these

Explanation: Pakistan’s federal budget for fiscal year 2020-21 was presented on 12 June 2020. The budget was announced during the economic disruption caused by the COVID-19 pandemic.