Free Economy and Budget MCQs with Answers

• A. Lahore
• B. Karachi
• C. Faisalabad
• D. Islamabad

Explanation: The first round of Pakistan's ninth IMF review talks was held in Islamabad.

• A. 21 January 2023
• B. 22 January 2023
• C. 23 January 2023
• D. 24 January 2023

Explanation: A major power breakdown affected almost the entire country on 23 January 2023 after a frequency fluctuation disrupted the national grid.

• A. 83 million
• B. 85 million
• C. 87 million
• D. 89 million

Explanation: The European Union announced assistance of 87 million euros for three development schemes in Pakistan in January 2023.

• A. World Bank
• B. State Bank of Pakistan
• C. Nomura Holdings
• D. None

Explanation: Nomura Holdings, a Japanese financial-services group, warned that Pakistan faced a high risk of a currency crisis.

• A. $3000
• B. $5000
• C. $7000
• D. $9000

Explanation: The SBP reduced the foreign-currency cash limit for an international trip from $10,000 to $5,000 per visit.

• A. $20000
• B. $30000
• C. $40000
• D. $50000

Explanation: Alongside the $5,000 per-trip limit, the revised annual cash-carrying ceiling was set at $30,000.

• A. 3 Years
• B. 4 Years
• C. 6 Years
• D. None of These

Explanation: Pakistan remained on the FATF grey list from June 2018 until October 2022, a period of roughly four years.

• A. 20 Oct 2022
• B. 21 Oct 2022
• C. 23 Oct 2022
• D. None of these

Explanation: The FATF announced Pakistan’s removal from the grey list on 21 October 2022 after its plenary review.

• A. 32
• B. 33
• C. 34
• D. 35

Explanation: Pakistan addressed a total of 34 FATF action items across the two action plans used in its enhanced monitoring process.

• A. 50
• B. 51
• C. 52
• D. None of these

Explanation: Pakistan spent about 52 months on the FATF grey list, from June 2018 until its removal in October 2022.

• A. WHO
• B. UN
• C. World Bank
• D. IMF

Explanation: The United Nations made the additional appeal for $600 million to support Pakistan’s flood response.

• A. Rs50 billion
• B. Rs80 billion
• C. Rs100 billion
• D. None of These

Explanation: The Punjab Ehsaas Ration Programme announced by Chief Minister Parvez Elahi had a budget of Rs100 billion.

• A. September 28, 2022
• B. October 2, 2022
• C. October 5, 2022
• D. None of These

Explanation: Chief Minister Parvez Elahi launched the Rs100 billion Punjab Ehsaas Ration Programme on 2 October 2022.

• A. 80
• B. 85
• C. 87
• D. None of These

Explanation: Pakistan ranked 87th in the Global Innovation Index 2022. The index is published by the World Intellectual Property Organization, making…

• A. 10 million
• B. 12 million
• C. 13 million
• D. 15 million

Explanation: The United Kingdom announced £15 million in humanitarian assistance for Pakistan's flood response on 1 September 2022.

• A. $1.17 billions
• B. $2 billions
• C. $2.5 billions
• D. None of These

Explanation: The IMF approved the release of about $1.17 billion under Pakistan's Extended Fund Facility in August 2022.

• A. Turkiye
• B. US
• C. Australia
• D. None of These

Explanation: Australia announced $2 million in humanitarian assistance for Pakistan's 2022 flood relief.

• A. 28 August 2022
• B. 29 August 2022
• C. 30 August 2022
• D. None of These

Explanation: Imran Khan held the international flood-relief telethon on 29 August 2022.

• A. Rs3 billion
• B. Rs5 billion
• C. Rs7 billion
• D. None of These

Explanation: The telethon generated pledges of approximately Rs5 billion for flood relief.

• A. United Nations
• B. European Union
• C. World Health Organization
• D. Germany

Explanation: The European Union announced assistance of nearly PKR 76 million for flood victims in Pakistan on August 23, 2022.