Free Economy and Budget MCQs with Answers

281. The Asian Development Bank has forecast Pakistan's economic growth rate from 4.8 to decelerate to______ in fiscal year 2019?

• A. 3.9%
• B. 3.7%
• C. 3.4%
• D. 4.2%

Explanation: The Asian Development Bank projected Pakistan's growth to slow from 4.8 percent to 3.9 percent in fiscal year 2019. The forecast reflected the economic adjustment and stabilisation programme then under way.

282. According to Asian Development Bank (ADB) report the inflation is expected to rise sharply to average_________ in FY2019?

• A. 7.5%
• B. 6.9%
• C. 6.7%
• D. 6.5%

Explanation: The ADB expected Pakistan's average inflation to rise to 7.5 percent in FY2019. This was a forecast for the average inflation rate, not the growth rate or a later fiscal-year estimate.

283. The World Bank has approved a package of_______ million to support Pakistan's efforts to raise revenue, reduce compliance cost?

• A. $515
• B. $518
• C. $520
• D. None of above

Explanation: The World Bank package amounted to $518 million and was aimed at improving revenue collection while lowering the cost of tax compliance. The $515 million and $520 million figures are close distractors.

284. The Federal budget for the fiscal year 2019-2020 announced on _____________?

• A. June 9, 2019
• B. June 10, 2019
• C. June 11, 2019
• D. June 12, 2019

Explanation: The federal budget for fiscal year 2019-20 was presented on June 11, 2019. It was presented by then Adviser to the Prime Minister on Finance, Hafeez Shaikh.

285. British Airways after 11 years has arrived at Islamabad International Airport on ___________ ?

• A. June 1, 2019
• B. June 2, 2019
• C. June 3, 2019
• D. June 4, 2019

Explanation: British Airways resumed flights to Islamabad on June 3, 2019, after an 11-year suspension. The service marked the airline's return to Pakistan.

286. Saudi Arabia to give Pakistan $______ billion oil on deferred price from July?

• A. $ 3 billion
• B. $ 3.1 billion
• C. $ 3.4 billion
• D. $ 3.2 billion

Explanation: Saudi Arabia agreed to provide Pakistan oil worth $3.2 billion on deferred payment terms from July 2019. This facility was part of the wider Saudi financial support package for Pakistan.

287. Pakistan signed an agreement worth _______ billion dollars to borrow from IMF under new finance adviser Abdul Hafeez Shaikh?

• A. 6 billion $
• B. 5 billion $
• C. 7 billion $
• D. 4 billion $

Explanation: Pakistan agreed to a three-year IMF programme worth approximately 6 billion US dollars in 2019. The agreement was negotiated under Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh.

288. Pakistan and ___________signed the second phase of the Free Trade Agreement (FTA) after which Pakistan will get duty-free access in markets.

• A. China
• B. UAE
• C. Saudi Arabia
• D. Malaysia

Explanation: Pakistan and China signed the second phase of their Free Trade Agreement, commonly called CPFTA Phase II. It was designed to increase Pakistani exports by granting improved or duty-free access to the Chinese market for many products.

289. Which tobacco company has presented RS 5 million Cheque to PM Imran Khan for Dam Fund?

• A. Pakistan Tobacco Company Limited
• B. General Tobacco Company
• C. British American Tobacco
• D. Khyber Tobacco Company Limited

Explanation: British American Tobacco presented a Rs5 million cheque to Prime Minister Imran Khan for the Diamer-Bhasha and Mohmand Dam Fund. The company operates in Pakistan through its tobacco business, making it distinct from the other listed firms.

290. Pakistan signed $500 million framework deal on 25-April-2019 with_______________?

• A. Saudi Arabia
• B. South Korea
• C. China
• D. Iran

Explanation: Pakistan and South Korea signed the 500-million-dollar framework agreement in April 2019 to strengthen economic and development cooperation. China and Saudi Arabia were also major partners, but not in this agreement.