Free Economy and Budget MCQs with Answers

491. According to State Bank of Pakistan (SBP), Pakistan's total external debt and liabilities as of December 2017 stood at__________?

• A. $68.1 billion
• B. $75.4 billion
• C. $88.9 billion
• D. $95.5 billion

Explanation: The State Bank reported Pakistan’s external debt and liabilities at $88.9 billion by December 2017. This figure includes both external debt and other external liabilities, so it is higher than debt alone.

492. Us suspends at least ___________ million in security aid to Pakistan on 4-1-2018?

• A. 500$
• B. 600$
• C. 800$
• D. 900$

Explanation: The United States suspended at least $900 million in security assistance to Pakistan on 4 January 2018. The measure was announced amid US criticism of Pakistan’s counterterrorism efforts.

493. World Economic Forum held in Davos on___________

• A. 23 Jan 2018
• B. 22 Jan 2018
• C. 21 Jan 2018
• D. 20 Jan 2018

Explanation: The 2018 World Economic Forum Annual Meeting began in Davos on 23 January and continued until 26 January. Thus, the question is asking for the opening date.

494. Pakistan is Ranked _________in 2018 report of World economic forum?

• A. 43rd
• B. 45th
• C. 47th
• D. 49th

Explanation: Pakistan was placed 47th in the World Economic Forum's 2018 Inclusive Development Index for developing economies. This ranking is distinct from the WEF Global Competitiveness ranking, where Pakistan's position was much lower.

495. Who is the Current Secretary Commerce, Government of Pakistan ?

• A. Sharukh Saleem
• B. Younus Dagha
• C. Rizwan Ahmed
• D. Naseem Zaidi

Explanation: Younus Dagha served as Pakistan’s federal Secretary Commerce during this period. The other names were associated with different government or administrative positions, not the Commerce Ministry’s top bureaucratic post.

496. Who has been appointed new Finance Adviser to PM on Finance, Revenue and Economic Affairs?

• A. Ishaq Dar
• B. Miftah Ismail
• C. Sajid Naqve
• D. Bilal haider

Explanation: Miftah Ismail was appointed adviser to the prime minister on Finance, Revenue and Economic Affairs in December 2017. Ishaq Dar had previously held the finance portfolio but was no longer serving in that role.

497. The Merger of NIB Bank into MCB Bank took place on_________?

• A. 7 JULY 2017
• B. 7 JULY 2016
• C. 7 JULY 2015
• D. None of these

Explanation: The merger of NIB Bank with MCB Bank took effect on 7 July 2017 after the required regulatory and corporate approvals. The dates in 2015 and 2016 therefore do not match the merger year.

498. State Bank of Pakistan (SBP) keeps interest rate unchanged at _________ for the year 2017-18 ?

• A. 4.75%
• B. 5.75%
• C. 6%
• D. 75

Explanation: The State Bank kept the policy interest rate at 5.75 percent during 2017-18. The 4.75 percent figure belongs to an earlier rate level, while “75” is incomplete.

499. Bank Alfalah partners with__________for online purchases?

• A. Ali Express
• B. Daraz.pk
• C. Amazon.com
• D. Yayvo.com

Explanation: Bank Alfalah partnered with Yayvo.com to support online purchases through its banking and payment services. Daraz and AliExpress are major e-commerce names, but they were not the partner identified in this report.

500. Name the first Chinese bank operating in Pakistan?

• A. Bank of China
• B. Industrial and Commercial Bank of China (ICBC)
• C. China Development Bank
• D. China Everbright Bank

Explanation: Industrial and Commercial Bank of China, commonly called ICBC, became the first Chinese bank to operate in Pakistan. China Development Bank and China Everbright Bank did not hold this distinction.