Free Economy and Budget MCQs with Answers

181. What is the name of the Pakistan first national investment platform launched on February 09, 2021?

• A. Pak­ImpactInvest
• B. ImpactGrowth
• C. PakGrowth
• D. None of these

Explanation: The platform was called PakImpactInvest and was launched as Pakistan’s first national investment platform. Its name combines Pakistan’s identity with impact investment, helping distinguish it from the generic-sounding alternatives.

182. On 25th January 2020, At _______ session of United Nations Conference on Trade and Development (UNCTAD) PM Imran Khan suggests further debt relief for stressed countries.

• A. Third
• B. Fourth
• C. Fifth
• D. Sixth

Explanation: Imran Khan made the debt-relief appeal during the fourth session of the UNCTAD-related conference. His argument focused on easing the debt burden of countries financially stressed by the COVID-19 crisis.

183. PM Imran khan on 11th January 2021 unveiled RAAST first instant payment system to increase _________?

• A. Trade & eliminate red tapsim
• B. decrease trade barriers & tansactions
• C. financial inculsion & eliminate corruption
• D. None of these

Explanation: Raast is Pakistan’s first instant-payment system, designed to expand financial inclusion and promote transparent digital transactions. Its digital-payment structure can also help reduce cash-based leakages and corruption.

184. State bank of Pakistan with collaborations of Bill and Melinda Gates Foundation and Karandaaz Pakistan developed which new digitalalization system for increasing financial system ?

• A. Techno pay
• B. Raast
• C. Digital currency
• D. None of these

Explanation: Raast is the State Bank of Pakistan’s instant digital-payment system, designed to connect banks and users through fast, low-cost transfers. It is not a digital currency, because Raast transfers existing money rather than issuing a new currency.

185. Which of the following country seize PIA Boeing 777 at their airport over $14m lease dispute?

• A. Malaysia
• B. Indonesia
• C. Singapore
• D. None of these

Explanation: Malaysia seized a PIA Boeing 777 at Kuala Lumpur International Airport over a dispute involving about $14 million in unpaid lease obligations. The dispute was with Malaysian leasing company authorities, not Indonesia or Singapore.

186. PM Imran khan on 11th January 2021 unveiled ______ first instant payment system to increase financial inculsion and eliminate corruption.

• A. DSSI
• B. RAAST
• C. FAST
• D. None of these

Explanation: Raast, meaning a direct or straightforward route, is Pakistan’s first instant-payment system and was introduced to promote financial inclusion. DSSI was an inflation-monitoring system, while FAST is not the name of this SBP payment platform.

187. Prime Minister Imran Khan on 8th January approved Decision Support System for Inflation (DSSI) to record and monitor ______________ in 17 major cities?

• A. oil prices
• B. prices of essential commodities
• C. Banks performance
• D. None of these

Explanation: The Decision Support System for Inflation was intended to record and monitor the prices of essential commodities in 17 major cities. It was therefore broader than monitoring oil prices alone or evaluating bank performance.

188. Which Bank was declared the Best Bank of Pakistan for the calendar year 2020 in 5th Pakistan Banking Awards on 8th January 2021?

• A. HBL
• B. Allied Bank
• C. Meezan Bank
• D. None of these

Explanation: Meezan Bank was named Best Bank of Pakistan for calendar year 2020 at the fifth Pakistan Banking Awards. The award recognised the bank’s overall performance in the banking sector, not merely its size.

189. According to KP finance minister Taimur Saleem Jhagra, increase in the retirement age of government employees could save the province RS________ billion in around 10 years?

• A. Rs100 billion
• B. Rs140 billion
• C. Rs200 billion
• D. None of these

Explanation: KP Finance Minister Taimur Saleem Jhagra estimated that raising the retirement age could save the province approximately Rs140 billion over about ten years. The figure was a projected long-term saving, not an immediate budget reduction.

190. Prime Minister Imran Khan extended Fixed Tax Regime for which sector?

• A. Manufacturing Sector
• B. Construction Sector
• C. Banking Sector
• D. Government Sector

Explanation: The fixed tax regime was extended for the construction sector as part of the government's construction and real-estate incentive package. It was designed to encourage documented investment and building activity.