Free Economy and Budget MCQs with Answers

221. World Bank gave _________million in the project named as "Pandemic Response Effective Project".

• A. $100
• B. $200
• C. $300
• D. $ 400

Explanation: The World Bank approved $200 million for Pakistan’s Pandemic Response Effectiveness Project. This financing supported the country’s health-system and emergency response to COVID-19.

222. As of April, 2020 the total debt and liabilities of Pakistan stood at____________?

• A. Rs 39 Trillion
• B. Rs 40 Trillion
• C. RS 41 Trillion
• D. Rs 42 Trillion

Explanation: Pakistan’s total debt and liabilities were reported at about Rs41 trillion in April 2020. This broad measure includes both public debt and other liabilities, so it is higher than the public-debt figure alone.

223. Byco's ORC-II is the largest oil refinery in the country with a design production capacity of__________?

• A. 110000 bpd
• B. 120000 bpd
• C. 155000 bpd
• D. 115000 bpd

Explanation: Byco’s ORC-II refinery was designed for a capacity of 120,000 barrels per day, making it the country’s largest oil refinery by stated design capacity. The other figures do not match its reported capacity.

224. PM Imran Khan announced _______ billion subsidy for Naya Pakistan Housing Scheme on 03rd April 2020?

• A. Rs 55 billion
• B. Rs 30 billion
• C. Rs 15 billion
• D. Rs 25 billion

Explanation: The government announced a Rs30 billion subsidy for the Naya Pakistan Housing Scheme on 3 April 2020. The larger figures listed were not the subsidy amount announced for this housing initiative.

225. Asian Development Bank (ADB) stated in its report that the virus outbreak could cost Pakistan economy in the range of__________?

• A. $16.3 million to $4.95 billion
• B. $19.5 million to $6.6 billion
• C. $20 million to $2 billion
• D. $19 million to $1 billion

Explanation: The ADB estimated that COVID-19 could cost Pakistan’s economy between $16.3 million and $4.95 billion, depending on the outbreak’s duration and severity. The wide range reflects different economic-impact scenarios.

226. Pakistan rank at _____ place in the Heritage Foundation index 2020 of economic freedom?

• A. 131
• B. 133
• C. 134
• D. 135

Explanation: Pakistan was placed 135th in the Heritage Foundation’s 2020 Index of Economic Freedom. A lower ranking indicates weaker performance relative to the other economies assessed.

227. Pakistan took first structure adjustment package from IMF during the regime of________in the year 1958?

• A. Zulfikar Ali Bhutto
• B. Gen Ayub Khan
• C. Gen Yahya Khan
• D. Muhammad Ali Bogra

Explanation: Pakistan entered its first IMF programme in 1958 during the presidency of General Ayub Khan. Bhutto, Yahya Khan and Muhammad Ali Bogra were not in power when that programme began.

228. The Asian Development Bank has offered Pakistan ___________ to fight the coronavirus pandemic ?

• A. $300 million
• B. $350 million
• C. $450 million
• D. $500 million

Explanation: The Asian Development Bank offered Pakistan $350 million in assistance to help address the economic and health effects of the coronavirus pandemic. The amount was part of the bank’s emergency support for affected member states.

229. What is the latest Policy Rate of State Bank of Pakistan revised in March 2020?

• A. 10%
• B. 12%
• C. 13%
• D. 12.50%

Explanation: The State Bank of Pakistan cut its policy rate from 13.25% to 12.50% in March 2020 as the economic impact of COVID-19 emerged. The 12.50% figure was the rate applicable after that revision.

230. According to GSMA report 2020, __________has the highest male-female gap in terms of mobile phone set ownership among 15 countries?

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

Explanation: The GSMA report identified Pakistan as having the widest male–female gap in mobile-phone ownership among the 15 countries studied. This refers to ownership of a mobile handset, not general internet access.