Free Economy and Budget MCQs with Answers

61. Pakistan's exports to European countries declined ______ percent in the first nine months of the current fiscal year 2024.

• 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. The percentage measures the year-on-year decline in exports, not the decline in total foreign trade.

62. Two Pakistani Business-women have been recognized by Forbes in its "100 Most influential Businesswomen 2024 list" are ___________?

• 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. The other pairings name prominent Pakistani figures but do not match this Forbes recognition.

63. 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 cigarettes. It is not a system designed chiefly for vehicles, dollars, or fabrics.

64. According to state bank of Pakistan , How much million dollars received by Pakistan as IMF second tranche?

• 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. The payment followed the IMF review and was recorded by the State Bank of Pakistan.

65. According to the Pakistan Economic Survey 2022/23 presented in the Senate, the Pakistan literacy rate is ________.

• 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. The higher figures in the options should not be confused with literacy targets or rates for particular age groups or provinces.

66. In November 2023, which country pledged 25 billion dollars investment in Pakistan?

• 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. This was an investment commitment, not foreign aid or a pledge made by China or the United States.

67. 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. Its name is easy to confuse with the similarly styled Green-Guard, He-Guard and Eco-Guard options.

68. The Special Investment Facilitation Council's Pakistan Investment Roadshow held from November 5 to 7, 2023, in _________?

• 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. Dubai was a strategic venue because of its strong financial links with Pakistan and the Gulf region.

69. According to the World Bank who was the top Borrower of International Development Association ( IDA) in the fiscal year 2023?

• 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. IDA provides concessional financing to developing countries, so this statistic concerns development lending rather than ordinary commercial borrowing.

70. The Gulf Cooperation Council (GCC) signed a preliminary free trade agreement (FTA) with Pakistan on______2023

• 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. This was an important step toward improving trade access between Pakistan and the Gulf Cooperation Council states.