Free Economy and Budget MCQs with Answers

251. What is the rank of Pakistan in Human Development Index 2019?

• A. 142
• B. 152
• C. 162
• D. 172

Explanation: Pakistan ranked 152nd in the 2019 Human Development Index. The index measures broader human development through indicators such as health, education and income, not economic output alone.

252. Through which program PTI Government is providing soft loans to youth for small business?

• A. Rozgar Jawan Program
• B. Youth, the future of Nation
• C. Kamyab Business Program
• D. Kamyab Jawan Program

Explanation: The Kamyab Jawan Programme provided youth-focused financing, including soft loans for starting or expanding small businesses. Kamyab Business Programme is a tempting but incorrect label for this initiative.

253. Which Bank approved $1.3 billion in loans for Pakistan for emergency budgetary support on Dec 06, 2019?

• A. State Bank
• B. IMF
• C. ADB
• D. World Bank

Explanation: The Asian Development Bank approved about $1.3 billion for Pakistan as emergency budgetary support. The IMF and World Bank also lend to Pakistan, but this particular approval was reported by the ADB.

254. What is Pakistan's current credit rating according to Moody's which has 21 slabs of credit rating?

• A. A3
• B. Baa2
• C. Ba1
• D. B3

Explanation: Moody’s rated Pakistan B3, which is in the speculative or non-investment-grade range and reflects substantial credit risk. Baa2 is investment grade, while Ba1 is one level above B3.

255. Tourism Competitiveness Index 2019, Pakistan ranks _________ out of 140 countries listed.

• A. 127
• B. 121
• C. 117
• D. 71

Explanation: Pakistan stood 121st out of 140 economies in the World Economic Forum’s Travel and Tourism Competitiveness Index 2019. The ranking measures tourism-enabling conditions, not the number of tourists alone.

256. Queen Maxima arrived in Pakistan for a three-day visit in her capacity as the United Nations Secretary General's Special Advocate (UNSGSA) for inclusive finance for________?

• A. Development
• B. Poverty alleviation
• C. To discourage terror financing
• D. Asian countries

Explanation: Queen Máxima visited Pakistan as the UN Secretary-General’s Special Advocate for Inclusive Finance for Development. Her mandate focuses on expanding access to useful and affordable financial services, not specifically counter-terror financing.

257. The federal cabinet on __________approved an ambitious national Electric Vehicles (EV) policy.

• A. 5th November 2019 ✓
• B. 6th November 2019
• C. 7th November 2019
• D. None of these

Explanation: The federal cabinet approved Pakistan’s National Electric Vehicle Policy on November 5, 2019. The policy aimed to reduce fuel imports and emissions by encouraging electric transport.

258. What was the recorded GDP growth rate of Pakistan in 2019 ?

• A. 3.30 % ✓
• B. 5.29 %
• C. 7.29 %
• D. 9.29 %

Explanation: Pakistan’s GDP growth for fiscal year 2018-19 was about 3.3%, after a sharp slowdown from the previous year. The figure is often reported more precisely as 3.29%.

259. What was the Agriculture sector growth rate in the year 2019?

• A. 0.85 % ✓
• B. 2.85 %
• C. 4.85 %
• D. 6.85 %

Explanation: Agriculture grew by only 0.85% in FY2018-19, reflecting weak performance in important crops despite stronger results in some other agricultural subsectors. The figure is therefore far below the 2.85% and higher alternatives.

260. SBP formally issues commemorative coin on Guru Nanak's ___________ birth anniversary?

• A. 550th ✓
• B. 560th
• C. 500th
• D. none of these

Explanation: The State Bank issued the commemorative coin to mark Guru Nanak’s 550th birth anniversary in 2019. The 550th anniversary was also the occasion linked with the Kartarpur Corridor opening.