Free Economy and Budget MCQs with Answers

311. "Standard & Poor's" (S&P) downgraded Pakistan's Credit rating from B to___________?

• A. B PLUS
• B. B NEGATIVE
• C. C
• D. C NEGATIVE

Explanation: S&P’s downgrade moved Pakistan’s sovereign credit rating from B to B-, commonly written in such questions as B negative. B+ would indicate an improvement rather than a downgrade.

312. The ninth National Finance Commission (NFC) meeting was deadlocked since_________?

• A. July 2015
• B. July 2016
• C. July 2017
• D. July 2018

Explanation: The ninth National Finance Commission process was reported as deadlocked from July 2015. NFC discussions often stall over the distribution of resources between the federation and provinces.

313. How many National and International companies have been blacklisted by PPRA in Jan 2019?

• A. 50
• B. 45
• C. 40
• D. 35

Explanation: PPRA reportedly blacklisted 45 national and international companies in January 2019 for procurement-related violations, making 45 the relevant figure.

314. According to new policy of government of Pakistan on 1st February, 2019 how much price is fixed to perform Hajj?

• A. 280,000 Rs
• B. 360,000 Rs
• C. 456,000 Rs
• D. 524,000

Explanation: The 2019 government Hajj package was reported at about Rs456,000, reflecting the higher cost after subsidy-related changes and increased expenses.

315. On 31-January-2019 federal cabinet approved what percent increase in Hajj cost?

• A. 61 Percent
• B. 62 Percent
• C. 63 Percent
• D. 64 Percent

Explanation: The federal cabinet’s 2019 Hajj plan raised the cost by approximately 63 percent, largely because of higher transport, accommodation and other pilgrimage expenses.

316. What is the name of dollar-denominated diaspora bond which is going to set by Pakistani Government on 31 January 2019 for overseas Pakistanis to increase foreign exchange reserves?

• A. Pakistan Banao Certificate
• B. Qarz Otaro cerificate
• C. Khoshhal Pakistan Certificate
• D. Pakistan Overseas Certificate

Explanation: Pakistan Banao Certificate is the dollar-denominated diaspora investment instrument introduced to attract foreign exchange from overseas Pakistanis. It was designed to strengthen Pakistan’s foreign-exchange reserves.

317. Which Country has lifted ban on import of Pakistani Rice?

• A. Kuwait
• B. Iran
• C. Qatar
• D. Saudi Arabia

Explanation: Qatar lifted its restriction on imports of Pakistani rice, reopening an important market for Pakistan’s agricultural exports. The reported country was Qatar rather than Kuwait, Iran or Saudi Arabia.

318. When Finance Minister Asad Umar presented the third finance bill 2018-19 (Mini-Budget) in the National Assembly?

• A. 22 January 2019
• B. 23 January 2019
• C. 24 January 2019
• D. 25 January 2019

Explanation: Asad Umar presented the third Finance Bill for 2018-19, commonly called the mini-budget, in the National Assembly on 23 January 2019.

319. Where the 10th meeting of the Saarc Food Bank board held in________on 21st to 22nd January 2019?

• A. Khatmandu
• B. New Delhi
• C. Islamabad
• D. Columbo

Explanation: The 10th meeting of the SAARC Food Bank Board was held in Islamabad on 21 and 22 January 2019. Islamabad was also the venue for Pakistan’s participation in regional food-security discussions.

320. Which country has doubled the quantum of wheat from 40,000 tonnes to 80,000 tonnes as its share for the 'Regional Food Bank' maintained by the South Asian Association for Regional Cooperation (Saarc)?

• A. India
• B. Bangladesh
• C. Pakistan
• D. Srilanka

Explanation: Pakistan increased its wheat contribution to the SAARC Food Bank from 40,000 to 80,000 tonnes. This was Pakistan’s share in the regional food-security reserve.