Free Economy and Budget MCQs with Answers

301. Which Province launched Online Tax Collection System on 12 February 2019?

• A. KPK
• B. Punjab
• C. Baluchistan
• D. Sindh

Explanation: Balochistan launched the online tax collection system on 12 February 2019 to modernise revenue collection and reduce manual processes. The province is therefore Balochistan, not Sindh or Punjab.

302. how much amount approved for revival of two grounded PIA aircraft in Feb 2019?

• A. Rs 4.6 billion
• B. Rs 5.6 billion
• C. Rs 6.6 billion
• D. Rs 9.6 billion

Explanation: The government approved Rs 5.6 billion for the revival of two grounded PIA aircraft in February 2019. This was part of efforts to restore PIA's operational fleet without acquiring new aircraft.

303. Which Bank launches One-Touch Banking biometric solutions for the first time in Pakistan?

• A. HBL
• B. Bank Al Falah
• C. Bank Islami
• D. National bank

Explanation: BankIslami introduced one-touch banking biometric solutions in Pakistan. The system uses biometric verification to make banking access quicker and more secure.

304. Who has become the first overseas Pakistani to invest in Pakistan Banao Scheme?

• A. Chaudhry Shujaat
• B. Chaudhry Hameed
• C. Abdul Sattar
• D. Ahmed Raza

Explanation: Chaudhry Hameed was reported as the first overseas Pakistani to invest in the Pakistan Banao scheme. The scheme was designed to attract remittances and investment from overseas Pakistanis.

305. What will be the Profit rate on three years plan for overseas Pakistanis who will invest in Pakistan Banao Scheme?

• A. 6.75 percent payable bi-annually
• B. 6.25 percent payable annually
• C. 6.25 percent payable bi-annually
• D. 6.25 percent payable annually

Explanation: The three-year Pakistan Banao Certificates plan offered a 6.25 percent profit rate payable twice a year. Biannual payment is the key distinction from the annually payable options.

306. What is the minimum amount fixed that an overseas Pakistani have to invest for registeration of Pakistan Banao Scheme?

• A. USD 10,000
• B. USD 5,000
• C. USD 15,000
• D. USD 50,000

Explanation: The minimum investment for registration in the Pakistan Banao Scheme was fixed at USD 5,000. The higher figures listed were not the entry threshold for the scheme.

307. PM Imran Khan has inaugurated 'Pakistan Banao Certificates' scheme to attract investment from_____________to help strengthen the national economy.

• A. Muslim nations
• B. Overseas Pakistanis
• C. Pakistani Millionares
• D. Dual Nationals
• E. All of the above

Explanation: Pakistan Banao Certificates were introduced primarily to attract investment from overseas Pakistanis and strengthen foreign-exchange inflows. Muslim nations, millionaires and dual nationals were not the scheme's stated general target category.

308. On January 04 2019, Pakistan finalized the terms and conditions of a support package of about 6.2 billion dollars with__________?

• A. UAE
• B. Saudi Arabia
• C. Turkey
• D. China

Explanation: Pakistan finalised a support package of about $6.2 billion with the United Arab Emirates, including financial assistance and related facilities. Saudi Arabia’s package was a separate arrangement, although both countries supported Pakistan during this period.

309. Pakistan and Saudi Arabia signed official MOUs of worth___________ for bilateral cooperation on 17 February 2019.

• A. $10 billion
• B. $20 billion
• C. $30 billion
• D. $40 billion

Explanation: Pakistan and Saudi Arabia signed memorandums of understanding worth about $20 billion in February 2019. The agreements covered investment and bilateral cooperation, while the larger figures in the options overstate the announced package.

310. Currently how many Pakistani's are working in KSA and sending remittance between $5 billion to $6bn?

• A. 2 million
• B. 2.5 million
• C. 3 million
• D. 3.5 million

Explanation: Around 2.5 million Pakistanis were working in Saudi Arabia and sending home approximately $5 billion to $6 billion in remittances at the time. The figure refers to workers, not the total Pakistani population in the Kingdom.