Free Economy and Budget MCQs with Answers

331. Pakistan has received second tranche of ____________ Saudi aid on 14th DEC 2018?

• A. $3 billion
• B. $2 billion
• C. $1 billion
• D. $0.5 billion

Explanation: Pakistan received the second $1 billion tranche of the Saudi financial support package. The $3 billion figure referred to the broader deposit arrangement, not this second tranche alone.

332. According to World Bank Report 2018, trade between Pakistan and India Valued little over________Billion?

• A. $2 Billion
• B. $5 Billion
• C. $5.1 Billion
• D. $39.7 Billion

Explanation: The World Bank put formal Pakistan-India trade at a little over $2 billion in 2018. Estimates of the much larger potential trade volume are not the same as actual recorded trade.

333. Which Country recently sets of minimum wage Dh800 for Pakistani workers?

• A. Morocco
• B. UAE
• C. Armenia
• D. Jordan

Explanation: The UAE announced a minimum wage of 800 dirhams for Pakistani workers under the relevant labour arrangement. The currency symbol Dh refers to the UAE dirham.

334. Who has announced "sin" taxes on tobacoo and sugary drinks in Pakistan?

• A. Aamir Mehmood Kiani
• B. Asad Umar
• C. Shireen Mazari
• D. None of above

Explanation: Health Minister Aamir Mehmood Kiani announced the proposed health-related 'sin taxes' on tobacco and sugary drinks. Asad Umar was the finance minister, but he was not the person identified in this report.

335. IDEAS (International defence exhibition and seminar) is hosted by Pakistan after every two years. Who exhibits it's product in this exhibition and seminar?

• A. Firms from Asian countries
• B. Firms from whole world
• C. Firms from Muslim countries
• D. Firms from Pakistan only

Explanation: IDEAS is an international defence exhibition, so it features defence firms and exhibitors from around the world, not only Pakistani or Muslim countries. Its broad international participation is central to the event’s purpose.

336. A 41-kg Sowa fish, locally known as Kir, caught off Gwadar coast by a local Fisherman has been auctioned at whopping Rs 1.14m. What made it so precious?

• A. Having 41 kg boneless meat.
• B. Due to presence of a special type of matter used by pharmaceuticals in production of surgical items.
• C. A rarely found fish once in years.
• D. British Royal family's favourite dish.

Explanation: Sowa fish is valuable mainly because its swim bladder contains a collagen-like substance used in pharmaceutical products, including surgical materials. Its high price was not due to boneless meat or rarity alone.

337. Who led the IMF mission that visited Pakistan in November 2018 to settle the conditions for bailout package?

• A. Mathew Hayden
• B. Harald Finger
• C. Joe Biden
• D. Maria wazir

Explanation: Harald Finger led the IMF mission that visited Pakistan during negotiations over a potential bailout programme. Matthew Hayden and Joe Biden were unrelated public figures, not IMF officials in these talks.

338. How many times Pakistan has borrowed from IMF since Dec 8, 1958?

• A. 12 times
• B. 21 times
• C. 27 times
• D. 33 times

Explanation: Pakistan joined the IMF in 1950 and had entered 21 IMF borrowing arrangements by the period covered by this question. The figure refers to completed or agreed programmes, not merely individual instalments received.

339. When did Pakistan became member of IMF?

• A. 1947
• B. 1948
• C. 1950
• D. 1951

Explanation: Pakistan became an IMF member in 1950, three years after independence. The commonly cited membership date is 11 July 1950.

340. Pakistan received first tranche amounting __________ of financial package from Saudi Arabia on 19th Nov 2018?

• A. 1B($)
• B. 3B($)
• C. 6B($)
• D. None

Explanation: Saudi Arabia’s financial support package began with a $1 billion deposit in Pakistan’s account on 19 November 2018. The remaining support was provided through later deposits and deferred oil payments.