Free Economy and Budget MCQs with Answers

421. Pakistan is seeking to borrow _________ RS during fiscal year 2018-2019 to repay domestic, foreign debt and the interest on these loans?

• A. 25 trillions
• B. 24 trillions
• C. 22 trillions
• D. 20 trillions

Explanation: Pakistan planned to borrow about Rs22 trillion during fiscal year 2018-19 to meet debt repayment and interest obligations. The borrowing was largely connected with refinancing domestic and foreign debt rather than funding a single development project.

422. A Chinese company that supplies coal to the sahiwal power plant has been caught by the Pakistan's custom authorities as company was found to evade _______RS in taxes on it's imports?

• A. 2 billions
• B. 3 billions
• C. 1.12 billion
• D. 4 billions

Explanation: Customs authorities detected under-declaration or other import irregularities involving the coal supplier, resulting in an alleged tax evasion of Rs1.12 billion. The larger round figures are distractors.

423. Which business group owns third largest percentage of KSE's market capitalisation?

• A. Atlas group
• B. Fauji foundation
• C. Chinnoy group
• D. Js group

Explanation: The Fauji Foundation group was reported as the third-largest contributor to the Pakistan Stock Exchange's market capitalisation among the business groups listed. Its listed companies include major firms in fertiliser, cement and energy.

424. Which business group owns second largest percentage of KSE's market capitalisation?

• A. Habib group
• B. Hussain dawood group
• C. Bestway group
• D. Tabba group

Explanation: The Hussain Dawood group held the second-largest reported share of KSE market capitalisation. Its presence includes major listed companies such as Engro Corporation and Dawood Hercules.

425. Which country has signed $200m pact with Pakistan for uplift schemes in may 2018?

• A. UAE
• B. Germany
• C. Russia
• D. N.korea

Explanation: The United Arab Emirates was reported to have agreed to a 200-million-dollar package for development and uplift schemes in Pakistan. UAE assistance was therefore the relevant bilateral arrangement in this report.

426. Which country's automaker has signed a MOU to set up a manufacturing unit of Mercedes-Benz truck in Pakistan?

• A. Germany
• B. Russia
• C. N.korea
• D. Srilanka

Explanation: Mercedes-Benz is a German automobile brand, and the manufacturing-unit agreement involved its German automaker. Russia, North Korea and Sri Lanka are not the country associated with the Mercedes-Benz truck venture.

427. Which of the following company has fully acquired Daraz group?

• A. Baidu
• B. Alibaba
• C. Bay
• D. Amazon

Explanation: Alibaba Group acquired Daraz, the online marketplace operating in Pakistan and several other South Asian countries. Amazon and Baidu were not the companies that completed this acquisition.

428. The mobile phone companies in Pakistan charge _______ per cent withholding tax.

• A. 10.5
• B. 11.5
• C. 12.5
• D. 13.5

Explanation: The withholding tax deducted on mobile-phone usage was 12.5 percent under the tax structure referred to in the question. It is distinct from sales tax, which was listed separately at 19.5 percent.

429. The mobile phone companies in Pakistan charge _______ per cent sales tax.

• A. 13.5
• B. 15.5
• C. 17.5
• D. 19.5

Explanation: Mobile-phone services carried a 19.5 percent sales tax in the cited 2018 tax regime. The 12.5 percent figure belongs to withholding tax, making it the main likely source of confusion.

430. The mobile phone companies in Pakistan charge _______ per cent service charges informed by Attorney General Ashtar Ausaf to the Apex Court.

• A. 10
• B. 11
• C. 12
• D. 13

Explanation: The service charge referred to in the Attorney General’s briefing was 10 percent. This levy was listed separately from withholding tax and sales tax on mobile-phone services.