Free Economy and Budget MCQs with Answers
509 Economy and Budget MCQs from Pakistan Current Affairs, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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509 questions · page 4 of 26
- A. 6.27
- B. 5.61
- C. 4.53
- D. None of These
Explanation: Pakistan's exports to European countries fell by 6.27 percent during the first nine months of fiscal year 2023-24.
Correct answer: 6.27- A. Shazia Syed ,Shaista Asif
- B. Malala Yousafzai, Arfa Karim
- C. Nigar Johar ,Maryam Nawaz
- D. None of these
Explanation: Forbes included Shazia Syed and Shaista Asif in its 2024 list of influential businesswomen.
Correct answer: Shazia Syed ,Shaista Asif63. Trace and Track system (TTS) launched by FBR , to check and counter the smuggling of ___________?
- A. Non custom vehicles
- B. cigarettes
- C. Dollars
- D. fabrics
Explanation: The FBR’s Track and Trace System was introduced primarily to monitor production and prevent tax evasion and smuggling of products such as…
Correct answer: cigarettes- A. $705.6 million
- B. $825.5 million
- C. $765.5 million
- D. $555.5 million
Explanation: Pakistan received approximately $705.6 million as the second tranche under the IMF’s Stand-By Arrangement.
Correct answer: $705.6 million- A. 62.8%
- B. 65.8%
- C. 55.4%
- D. 70.1%
Explanation: The Pakistan Economic Survey 2022-23 reported the national literacy rate as 62.8 percent.
Correct answer: 62.8%- A. United Arab Emirates
- B. United States
- C. China
- D. Turkiye
Explanation: The United Arab Emirates pledged investments of up to 25 billion dollars in Pakistan during the November 2023 discussions.
Correct answer: United Arab Emirates67. Which Pakistan based startup secured the top position at the 'ClimateLaunchpad Asia-Pacific' finals?
- A. Green-Guard
- B. He-Guard
- C. She-Guard
- D. Eco-Guard
Explanation: Pakistan-based startup She-Guard secured the top position in the ClimateLaunchpad Asia-Pacific finals.
Correct answer: She-Guard- A. New York
- B. Riyadh
- C. Dubai
- D. Beijing
Explanation: The SIFC held its Pakistan Investment Roadshow in Dubai from November 5 to 7, 2023, to attract foreign investment.
Correct answer: Dubai- A. Palestine
- B. Pakistan
- C. Turkiye
- D. None of these
Explanation: Pakistan was the World Bank's largest borrower from the International Development Association in fiscal year 2023.
Correct answer: Pakistan- A. 20 September
- B. 25 September
- C. 27 September
- D. 28 September
Explanation: Pakistan and the GCC signed the preliminary free trade agreement on September 28, 2023.
Correct answer: 28 September- A. Dr. Shamshad Akhtar
- B. Ishak Dar
- C. Asad Umer
- D. Mifta Ismaiel
Explanation: Dr Shamshad Akhtar held the finance portfolio in the 2023 caretaker government.
Correct answer: Dr. Shamshad Akhtar- A. 18th
- B. 12th
- C. 6th
- D. None
Explanation: Goldman Sachs projected Pakistan to become the world’s sixth-largest economy by 2075, reflecting its expected long-term growth in…
Correct answer: 6th73. The largest network of airline in Africa _______ direct flight to Karachi in last 19 years recently:
- A. African Airlines
- B. African Airways
- C. Ethiopia Airlines
- D. None of These
Explanation: Ethiopian Airlines, Africa’s largest airline network, resumed direct flights to Karachi in 2023 after a gap of about 19 years.
Correct answer: Ethiopia Airlines- A. 101
- B. 103
- C. 99
- D. 97
Explanation: Pakistan ranked 99th out of 121 countries in the Global Hunger Index 2022, indicating a serious hunger burden.
Correct answer: 99- A. Dmitriy Donskoy
- B. Pure Point
- C. Ivan Susanin
- D. Alexander Pushkin
Explanation: The first Russian crude-oil cargo to arrive at Karachi in June 2023 was carried by the tanker Pure Point.
Correct answer: Pure Point- A. The need for international intervention in domestic affairs
- B. Support for the government's actions in line with the Constitution
- C. Concerns about the country's economic stability
- D. A call for political dialogue and reconciliation
Explanation: Nathan Porter said the IMF supported Pakistan’s constitutional process and expected government actions to remain in line with the…
Correct answer: Support for the government's actions in line with the Constitution- A. Pakistan
- B. Bangladesh
- C. Sri Lanka
- D. None of them
Explanation: Pakistan received the highest ADB funding among the listed countries in 2022, as the bank provided substantial support for its energy…
Correct answer: Pakistan- A. 28.5 per cent
- B. 27.5 per cent
- C. 29.5 per cent
- D. None of These
Explanation: The World Bank projected Pakistan’s inflation at 29.5 percent for fiscal year 2023, reflecting severe pressure from currency depreciation…
Correct answer: 29.5 per cent- A. Egypt
- B. Pakistan
- C. Turkey
- D. Syria
Explanation: The European Union removed Pakistan from its list of high-risk third countries after reviewing Pakistan's progress in…
Correct answer: Pakistan- A. 138th
- B. 140th
- C. 120th
- D. 112th
Explanation: Pakistan ranked 140th out of 180 countries in Transparency International's Corruption Perceptions Index 2022.
Correct answer: 140th