Free Economy and Budget MCQs with Answers

361. Which Country asked to Setup Joint Ventures for Palm Oil Production in Pakistan?

• A. Indonesia
• B. Malaysia
• C. Thailand
• D. None of these

Explanation: Indonesia asked Pakistan to develop joint ventures for palm-oil production, seeking cooperation in cultivation and related processing. Malaysia and Thailand are also major palm-oil countries, but Indonesia made the reported proposal.

362. Who is the Chairman of NEC (National Economics Council) constituted by President Dr Arif Alvi?

• A. Prime Minister
• B. Finance Minister
• C. Speaker of the National Assembly
• D. Chairman of the Senate

Explanation: The National Economic Council is chaired by the Prime Minister under Pakistan’s constitutional framework, while the Finance Minister is a member and commonly presents economic matters. Thus, the chair is not the Finance Minister or a parliamentary office-holder.

363. How many members are there in National Economic Council which constituted by President on October 5, 2018?

• A. 10
• B. 13
• C. 16
• D. 19

Explanation: The National Economic Council constituted in October 2018 had 13 members, including the prime minister, chief ministers and nominated representatives. It is the constitutional body that reviews national economic planning.

364. how many new companies registered with security exchange commission of pakistan (SECP) in June 2018?

• A. 772
• B. 773
• C. 774
• D. 775

Explanation: SECP registered 773 new companies in June 2018. Monthly incorporation figures are used as an indicator of formal business activity and investor confidence.

365. Which country has offered jobs for skilled and semi skilled workers from Pakistan?

• A. Qatar
• B. S.Arabia
• C. UAE
• D. Iran

Explanation: Qatar offered employment opportunities to skilled and semi-skilled Pakistani workers during the period covered by the question. Such offers were part of Pakistan’s efforts to expand overseas employment and remittance earnings.

366. Who Presented an amended finance bill for the Year 2018-2019?

• A. Asad Umar
• B. Fazlur Rehman
• C. Fahmeeda Mirza
• D. None of these

Explanation: Asad Umar, then Federal Minister for Finance, presented the amended Finance Bill 2018-19 as part of the PTI government's mini-budget measures. Fazlur Rehman was a political leader, not the finance minister presenting the bill.

367. Out of 102 vehicles presented for auction of PM house, ________ cars were sold out in the auction on 17th September 2018?

• A. 55
• B. 58
• C. 61
• D. 63

Explanation: Of the 102 vehicles offered at the Prime Minister House auction on 17 September 2018, 61 were sold. The remaining vehicles did not attract acceptable bids or were left unsold.

368. How many vehicles of prime minister house were put up for sale by the prime Minister of Pakistan on 17th September 2018?

• A. 90
• B. 96
• C. 102
• D. 108

Explanation: The government initially listed 102 vehicles from the Prime Minister House for auction on 17 September 2018. This figure is distinct from the 61 vehicles that were actually sold.

369. PIA has shifted to new passenger service system from 12th sep 2018.The New service is a ________ web-based product 'HITIT'?

• A. China
• B. Turkish
• C. Italian
• D. Russian

Explanation: HITIT was a Turkish web-based passenger service system adopted by PIA in 2018. The question asks about the product's country of origin, not the airline's nationality.

370. Which of the following Pakistani airline has shifted to new passenger service system on 12th sep 2018?

• A. Airblue
• B. PIA
• C. Shaheen air
• D. Askari aviation

Explanation: Pakistan International Airlines shifted to the new passenger service system on 12 September 2018. Airblue, Shaheen Air and Askari Aviation were not the airline named in this announcement.