Free Economy and Budget MCQs with Answers

• A. NBP
• B. SBP
• C. HBL
• D. None of these

Explanation: The bank penalised by US authorities was the National Bank of Pakistan, commonly abbreviated as NBP.

• A. $1.2bn
• B. $1.3bn
• C. $1.4bn
• D. None of these

Explanation: The International Islamic Trade Finance Corporation approved $1.2 billion in financing for Pakistan in February 2022.

• A. Mobilink
• B. Ufone
• C. Zong
• D. Telenor

Explanation: PTA performance data cited Zong as Pakistan's best mobile network in the relevant assessment.

• A. February 14, 2022
• B. February 15, 2022
• C. February 16, 2022
• D. None of these

Explanation: Prime Minister Imran Khan launched the second phase of Raast on 15 February 2022.

• A. 10 January 2021
• B. 11 January 2021
• C. 15 January 2021
• D. None of these

Explanation: The first phase of Raast, Pakistan’s instant digital payment system for bulk payments, was launched on 11 January 2022.

• A. 2000
• B. 3000
• C. 4000
• D. None of these

Explanation: The Kamyab Jawan initiative planned 2,000 shops for young people, linking the programme with youth entrepreneurship and self-employment.

• A. Punjab
• B. Sindh
• C. KP
• D. Balochistan

Explanation: The Khyber Pakhtunkhwa government signed MoUs with 44 foreign investment companies at Expo 2020 Dubai, with reported investment interest…

• A. State Bank of Pakistan
• B. Bank Negara Malaysia
• C. Saudi Central Bank
• D. None of these

Explanation: The State Bank of Pakistan won the IFN Global Award 2021 for promoting Islamic finance.

• A. Climate Change
• B. Inflation
• C. Debt Crisis
• D. None of these

Explanation: The World Economic Forum’s 2022 country risk assessment identified debt crisis as Pakistan’s leading risk among these choices.

• A. 10 January 2022
• B. 11 January 2022
• C. 13 January 2022
• D. 15 January 2022

Explanation: The National Assembly passed the Finance (Supplementary) Bill, 2021, commonly called the mini-budget, on January 13, 2022.

• A. Pakistan
• B. India
• C. Sri Lanka
• D. China

Explanation: Pakistan announced that it would consider granting nationality to eligible foreign investors as an investment incentive.

• A. 4.1%
• B. 3.8%
• C. 3.9%
• D. 3.4%

Explanation: The World Bank’s January 2022 Global Economic Prospects report projected Pakistan’s growth at 3.4% for fiscal year 2021-22.

• A. M yaqoob Shaikh
• B. M. Najeeb Haroon
• C. Saleh Muhammad
• D. Shaukat Ali

Explanation: M. Najeeb Haroon was reported as the highest-tax-paying parliamentarian for 2019.

• A. USD 12.32 billion
• B. USD 13.32 billion
• C. USD 15.32 billion
• D. None of these

Explanation: Pakistan acquired approximately 15.32 billion US dollars in loans during fiscal year 2020-21.

• A. $4.2 billion
• B. $4.4 billion
• C. $4.6 billion
• D. $4.8 billion

Explanation: The PTI government received approximately 4.6 billion US dollars in foreign loans during the first five months of fiscal year 2021-22.

• A. Airbus A220
• B. Airbus A320
• C. Airbus A370
• D. None of these

Explanation: PIA acquired an Airbus A320 flight simulator, matching its main narrow-body aircraft type.

• A. Jazz
• B. Ufone
• C. Telenor
• D. Zong

Explanation: Ufone was described as Pakistan's smallest major telecom operator by subscriber market share at the time.

• A. 2.5
• B. 3.9
• C. 4.2
• D. None of these

Explanation: Pakistan's GDP growth for fiscal year 2021 was reported as 3.9 percent.

• A. Apple
• B. Samsung
• C. Sony Ericsson
• D. Realme

Explanation: Samsung announced plans to begin mobile-phone production in Pakistan through a local manufacturing or assembly facility.

• A. 74 out of 194 countries
• B. 150 out of 194 countries
• C. 156 out of 194 countries
• D. 180 out of 194 countries

Explanation: In the 2021 TRACE Bribery Risk Matrix, Pakistan ranked 150th out of 194 countries.