Free Economy and Budget MCQs with Answers

101. Gilgit-Baltistan Assembly passed a bill on August 20, 2022 to set up a ___________ Authority?

• A. Education Monitoring Authority
• B. Revenue Authority
• C. Gilgit-Baltistan Development Authority
• D. None of These

Explanation: The bill was designed to establish a Gilgit-Baltistan Revenue Authority, responsible for revenue-related administration. It was not an education-monitoring or development authority.

102. Prime Minister Shehbaz Sharif launched an Rs37.2 billion flood relief cash programme on ____________?

• A. August 19, 2022
• B. August 21, 2022
• C. August 25, 2022
• D. None of These

Explanation: The Rs37.2 billion flood-relief cash programme was launched by Prime Minister Shehbaz Sharif on August 19, 2022. It was intended to provide immediate financial support to flood-affected families.

103. The 21st session of the joint economic commission (JEC) between Pakistan and Iran was held in _________?

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

Explanation: The 21st session of the Pakistan-Iran Joint Economic Commission was held in Islamabad. A Joint Economic Commission reviews and advances bilateral trade and economic cooperation.

104. The Picture on the front of 75 Rupee Pakistani Note?

• A. Quail-e-Azam & his sister Fatima Jinnah
• B. Sir Syed Ahmed Khan
• C. Allama Muhammad Iqbal
• D. All of these

Explanation: The front of the commemorative Rs75 note carries portraits of Quaid-e-Azam, Fatima Jinnah, Sir Syed Ahmad Khan and Allama Iqbal, making all three listed descriptions applicable. The note’s reverse side is associated with national wildlife and landscapes, including the markhor.

105. The Picture on the back of 75 Rupee Pakistani Note?

• A. Faisal Mosque
• B. Quaid-e-Azam Residency
• C. Markhor
• D. Islamia College, Peshawar

Explanation: The reverse of the commemorative Rs75 note features the markhor, Pakistan’s national animal. Faisal Mosque and Islamia College are important national landmarks, but they are not the image asked for here.

106. SBP has officially unveiled the commemorative currency note of ______ on the 75th birthday anniversary of Pakistan?

• A. Rs. 50
• B. Rs. 75
• C. Rs. 100
• D. None of above

Explanation: The State Bank of Pakistan issued a commemorative Rs75 banknote for the 75th anniversary of the country’s independence. It was a special commemorative denomination rather than a regular Rs50 or Rs100 note.

107. Pakistan emerges as _________ largest economy in 75-year economic journey?

• A. 15th
• B. 18th
• C. 24th
• D. None of These

Explanation: Pakistan was described as the world’s 24th-largest economy during its 75-year economic journey. This ranking refers to the size of the economy, not Pakistan’s population or geographic ranking.

108. When state bank of pakistan lunched currnecy note of RS 75 Ruppes?

• A. 14th August 2022
• B. 21 August 2022
• C. 23 July 2022D
• D. None of These

Explanation: The State Bank unveiled the Rs75 commemorative note on 14 August 2022, the 75th Independence Day. The option mentioning 23 July is also malformed, ending with an extra letter, but it is not the launch date.

109. Which Turkish Minister for Trade visited Pakistan in August 2022?

• A. Mustafa Varank
• B. Ruhsar Pekcan
• C. Mehmet Mus
• D. None of These

Explanation: Mehmet Muş, Türkiye’s Minister of Trade, visited Pakistan in August 2022. Mustafa Varank held the industry and technology portfolio, while Ruhsar Pekcan was a former trade minister.

110. Pakistan and _________ signed a preferential trade agreement (PTA) to boost trade on 12 August 2022?

• A. Germany
• B. Turkiye
• C. China
• D. None of These

Explanation: Pakistan and Türkiye signed a preferential trade agreement on 12 August 2022 to expand bilateral commerce and market access. Germany and China were not the partners named in this agreement.