Free Economy and Budget MCQs with Answers

21. What was the outcome of the Turkish consortium's bid for Islamabad Airport operations reported on January 2, 2025?

• A. Accepted at the minimum fee
• B. Rejected due to lack of experience
• C. Offered below the minimum fee
• D. Accepted with conditions

Explanation: The Turkish consortium's bid did not meet the government's minimum fee requirement, so it was offered below the acceptable threshold rather than accepted. This made the bid unsuccessful in its reported form.

22. Which Pakistani official expressed intentions to transform nuclear Pakistan into an economic power on January 2, 2025?

• A. Prime Minister
• B. Deputy Prime Minister
• C. Finance Minister
• D. Foreign Minister

Explanation: Deputy Prime Minister Ishaq Dar expressed the goal of turning Pakistan from a nuclear power into an economic power. The statement linked national security capacity with the need for stronger economic performance.

23. On what date did Prime Minister Shehbaz Sharif unveil the National Economic Transformation Plan 2024-29?

• A. December 25, 2024
• B. December 31, 2024
• C. January 1, 2025
• D. November 30, 2024

Explanation: Prime Minister Shehbaz Sharif unveiled the five-year National Economic Transformation Plan 2024-29 on December 31, 2024. Its five-year label distinguishes it from a single-year budget or annual development programme.

24. What framework does the National Economic Transformation Plan 2024-29 use?

• A. The Five Es
• B. The Triple R Approach
• C. The Sustainable Growth Model
• D. The National Development Index

Explanation: The plan uses the Five Es framework: Exports, E-Pakistan, Environment, Energy and Equity. These pillars link economic growth with digital development, sustainability and inclusion.

25. As per the World Bank's report in October 2024, what is Pakistan's projected economic growth rate for the fiscal year?

• A. 2.3%
• B. 2.8%
• C. 3.5%
• D. 4.0%

Explanation: The World Bank projected Pakistan’s fiscal-year economic growth at 2.8% in its October 2024 assessment. This was a cautious forecast reflecting weak domestic activity and continuing economic stabilisation pressures.

26. One of the most important components of " The Constitution ( Twenty-Sixth amendment) Act,2024 " is the complete eradication of Riba ( Interest ) from the country by ___________?

• A. January 1, 2025
• B. January 1, 2026
• C. January 1, 2027
• D. January 1, 2028

Explanation: The amendment set the constitutional target of eliminating riba from Pakistan before January 1, 2028. This date distinguishes the provision from the earlier dates listed in the other options.

27. According to the report 'Macro Poverty Outlook for Pakistan', released by the World Bank on October 18, 2024, the poverty rate will remain near ________ through Fiscal Year 2026.

• A. 20%
• B. 25%
• C. 30%
• D. 40%

Explanation: The World Bank’s outlook placed Pakistan’s poverty rate near 40 percent through fiscal year 2026, reflecting the effects of inflation, weak growth and reduced household purchasing power. The other figures are well below the report’s projection.

28. The IMF has asked Pakistan to swiftly end preferential treatment, tax exemptions and other protections for the ________ sector.

• A. Agriculture
• B. Textile
• C. Health
• D. Both (A) and (B)

Explanation: The IMF called for an end to preferential treatment, exemptions, and protective measures benefiting both agriculture and textiles. These sectors are major recipients of policy support, so both options A and B are included.

29. The International Monetary Fund (IMF) has urged Pakistan to invest ____ percent of its GDP annually in climate resilience and adaptation reforms to prepare for recurring extreme weather events.

• A. One
• B. Two
• C. Three
• D. Four

Explanation: The IMF recommended annual climate-resilience and adaptation spending equal to 1 percent of Pakistan’s GDP. The recommendation reflects the country’s exposure to floods, heatwaves, and other recurring extreme-weather events.

30. The first-ever 'Pakistan Oman Expo and Business Conference' held on ________, 2024, in Muscat.

• A. September 13-14
• B. October 13-14
• C. September 29-30
• D. October 15-16

Explanation: The first Pakistan Oman Expo and Business Conference was held in Muscat on October 13 and 14, 2024. The September dates are therefore incorrect, while October 15–16 refers to a later period.