Free Economy and Budget MCQs with Answers

211. Who presented federal budget for the fiscal year 2020-2021 on the floor of the National Assembly on June 12, 2020?

• A. Hafeez Sheikh
• B. Asad Qaiser
• C. Hammad Azhar
• D. Asad Umar

Explanation: Hammad Azhar, then Federal Minister for Industries and Production, presented the 2020-21 federal budget in the National Assembly. Hafeez Sheikh was the adviser overseeing economic affairs, but he did not present the budget on the floor.

212. The defence budget has been set at Rs __________ in the Federal Budget 2020-2021?

• A. 1.1 trillion
• B. 1.3 trillion
• C. 1.5 trillion
• D. None of these

Explanation: The defence allocation for 2020-21 was approximately Rs1.29 trillion, normally rounded to Rs1.3 trillion. The other figures do not match the budgeted defence expenditure.

213. State Bank of Pakistan on 25 June 2020 reduced the policy rate to__________?

• A. 5%
• B. 6%
• C. 7%
• D. 8%

Explanation: The State Bank reduced the policy rate by 100 basis points on 25 June 2020, bringing it down from 8% to 7%. This was part of the monetary easing response to the COVID-19 economic shock.

214. In May 2020,The World Bank restored Pakistan's budgetary support after four years by approving a policy loan of__________?

• A. $250 Million
• B. $350 Million
• C. $450 Million
• D. $500 Million

Explanation: The World Bank approved a $500 million policy loan, restoring budgetary support after a four-year gap. The amount was policy-based financing rather than a general announcement of aid without a loan programme.

215. On May 15,which global credit rating agency announced that it is putting Pakistan under watch for possible downgrade of its long-term local and foreign credit ratings?

• A. S&P Global
• B. Moody's Corporation
• C. M&P Global
• D. Houdi International

Explanation: Moody’s placed Pakistan’s long-term local- and foreign-currency ratings under review for a possible downgrade. S&P Global is a separate credit-rating agency and was not the agency named in this report.

216. In April, 2020 Pakistan was ranked as a_____________by the International Tele­communication Union (ITU), becoming the only country in South Asia to achieve the status.

• A. 3rd Generation Regulator (G4)
• B. 5th Generation Regulator (G4)
• C. 4th Generation Regulator (G4)
• D. 2nd Generation Regulator (G4)

Explanation: The ITU’s regulatory classification was fourth-generation regulation, commonly written as G4, reflecting a mature and independent telecommunications regulatory framework. The options incorrectly vary the generation number while retaining the same G4 label.

217. Nisab For Zakat deduction on banks accounts was fixed at __________ by the SBP for 2020:

• A. Rs44,415
• B. Rs46,329
• C. Rs49,750
• D. None of these

Explanation: The State Bank fixed the 2020 zakat nisab for bank-account deductions at Rs46,329. This threshold determines whether automatic zakat deduction applies to a qualifying balance.

218. Pakistan has about 759 pharmaceutical manufacturing units, but the only WHO approved manufacturing facility is___________?

• A. Hilton Pharma
• B. Ccl Pharma
• C. Getz Pharma
• D. Ferozsons Pharma

Explanation: Getz Pharma was identified as Pakistan’s only pharmaceutical manufacturing facility with WHO approval among the country’s roughly 759 units. Hilton, CCL and Ferozsons are pharmaceutical companies but were not the facility referred to here.

219. US announced funding of ________ million dollars for Pakistan to combat COVID-19 in April 2020?

• A. 7
• B. 7.4
• C. 8
• D. 8.4Election Officer Mcqs

Explanation: The United States announced $8.4 million in assistance for Pakistan’s COVID-19 response in April 2020. The figures 7, 7.4 and 8 million do not match the reported funding amount.

220. Prime Minister Imran Khan formally launched the Rs___________Ehsas Relief Programme on 9th April 2020?

• A. 144 million
• B. 144 billion
• C. 150 billion
• D. 170 billion

Explanation: The Ehsaas Relief Programme launched on 9 April 2020 had an allocation of Rs144 billion for cash assistance to vulnerable families affected by the pandemic. The figures in millions are much smaller and do not represent the announced programme allocation.