Free Economy and Budget MCQs with Answers

271. According to the SBP the Central government's total debts jumped from Rs 31.8 trillion to_________trillion at the end of July 2019.

• A. Rs 33.02 trillion
• B. Rs 34 trillion
• C. Rs 35.02 trillion
• D. Rs 36 trillion

Explanation: The government's total debt increased from Rs31.8 trillion to Rs33.02 trillion by the end of July 2019. The Rs33.02 trillion figure includes the wider debt position rather than domestic debt alone.

272. Asian development Bank (ADB) pledges to provide Pakistan about _________ in fresh assistance for various development projects and policy-based programs during the next three years under its country operations business plan 2020-2022.

• A. $6 billion
• B. $7 billion
• C. $8 billion
• D. $9 billion

Explanation: Under its Country Operations Business Plan 2020–2022, the Asian Development Bank planned about $7 billion in assistance for Pakistan. This included development projects as well as policy-based programmes.

273. The Asia Pacific Group (APG) on Money Laundering has placed Pakistan on its enhanced monitoring list for_________on 23 August 2019.

• A. 3 month
• B. 6 month
• C. 1 year
• D. 2 year

Explanation: The Asia Pacific Group placed Pakistan under enhanced monitoring for one year in August 2019. This monitoring related to deficiencies in Pakistan’s anti-money-laundering and counter-terror-financing framework.

274. Which of the following Telecom company becomes the first and only Operator to Officially test 5G Services in Pakistan?

• A. Ufone
• B. Zong
• C. Mobilink
• D. None of these

Explanation: Zong became the first Pakistani telecom operator to officially conduct a 5G trial. The test did not mean that commercial 5G service had been launched nationwide.

275. Shoppers across the country will have to provide their computerized national identity card (CNIC) number for purchases exceeding amount of___________?

• A. Rs. 50,000
• B. Rs. 60,000
• C. Rs. 70,000
• D. Rs. 90,000Everyday Science Quiz

Explanation: Under the 2019 tax documentation rules, buyers had to provide a CNIC for purchases exceeding Rs. 50,000. The measure was intended to improve documentation of retail transactions and broaden the tax base.

276. How many Oil and Gas E&P company's were part of Kekra-1 offshore drilling 2019?

• A. 3
• B. 1
• C. 4
• D. None of these

Explanation: The Kekra-1 offshore exploration consortium comprised four companies: ExxonMobil, Eni, Oil and Gas Development Company Limited, and Pakistan Petroleum Limited. Therefore, the number was four.

277. Prime Minister Imran Khan approves a grant of Rs_____ Billion for Kamyab Jawan National Youth Development Programme?

• A. 1 Billion
• B. 100 Billion
• C. 10 Billion
• D. None of These

Explanation: The Kamyab Jawan Programme was approved with a Rs100 billion allocation to support youth development, skills and entrepreneurship. The smaller figures do not represent the programme's approved grant.

278. Total amount set for Sukkur-Multan motorway under 2019-20 budget?

• A. 15 billion rupee
• B. 17 billion rupee
• C. 19 billion rupee
• D. 21 billion rupee

Explanation: The 2019-20 budget allocated Rs19 billion for the Sukkur-Multan Motorway. This was a budgetary allocation for the motorway project, not its total construction cost.

279. Who presented federal budget of the government of 2019-2020?

• A. Hafeez Sheikh
• B. Asad Qaiser
• C. Hammad Azhar
• D. Asad Umar

Explanation: Hammad Azhar presented the federal budget for 2019-20 in the National Assembly. Hafeez Sheikh was the adviser to the prime minister on finance, but he did not present this budget.

280. How much percentage of pensions was increased for Government employees under 2019-20 budget?

• A. 8%
• B. 10%
• C. 14%
• D. 15%

Explanation: Government employees' pensions were increased by 10 percent under the 2019-20 budget. This percentage applied to pensions and should not be confused with separate salary adjustments.