Free Economy and Budget MCQs with Answers

71. Who was the Federal Minister of Finance in the caretaker setup 2023, of Pakistan?

• 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. Ishaq Dar, Asad Umar and Miftah Ismail served as finance ministers in elected governments, not in that caretaker setup.

72. A research paper published by Goldman Sachs projected Pakistan to be the _____ largest economy by 2075:

• 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 population, productivity and economic output. The 18th and 12th positions refer to lower projected rankings, not the cited forecast.

73. 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. “African Airlines” and “African Airways” are not the airline names referred to in the report.

74. As per the Global Hunger Index (GHI-2022), Pakistan is ranked at which position out of 121 countries?

• 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. The index measures hunger and undernutrition through indicators such as undernourishment, child wasting and child stunting.

75. What is the name of first ever Russian oil ship carrying over 45,000 metric tons of crude arrived at Karachi Port on 11 June 2023?

• 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. The other names are not the vessel reported in connection with that shipment.

76. What did IMF Pakistan chief Nathan Porter mention in his statement regarding Pakistan's political situation?

• 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 Constitution. This was not a call for foreign intervention or a specific demand for reconciliation.

77. Which country received highest funding from Asain Development Bank ADB in 2022 ?

• 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, social protection and development programmes.

78. According to World Bank, Pakistan's inflation to further rise by how many percent in fiscal year 2023?

• 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, food prices and macroeconomic instability.

79. Which country has been recently removed from the EU's High Risk Third Countries list?

• 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 anti-money-laundering and counter-terror-financing controls. This was a compliance and financial-regulation development, not a political removal involving Syria or Turkey.

80. Pakistan ranked _____ out of 180 in international transparency index 2022?

• A. 138th
• B. 140th
• C. 120th
• D. 112th

Explanation: Pakistan ranked 140th out of 180 countries in Transparency International's Corruption Perceptions Index 2022. The index measures perceived public-sector corruption, so this is not a ranking of economic output or income.