Free Economy and Budget MCQs with Answers

51. According to the Pakistan Economic Survey 2023-24 released on June 11, 2024, from 4.5 million unemployed individuals the youth aged 15-24 have the highest unemployment rate of:____________?

• A. 9.3%
• B. 10.5%
• C. 11.1%
• D. 12.2%Downloading Interactive Party Trivia Games

Explanation: The 15–24 age group recorded the highest unemployment rate at 11.1 percent among the figures cited in the Economic Survey. The 4.5 million figure in the preceding question is the total number of unemployed persons, not this age-specific rate.

52. The 'Pakistan Economic Survey 2023-24' released by Finance Minister _____________ on June 11, 2024.

• A. Ishaq Dar
• B. Muhammad Aurangzeb
• C. Miftah Ismail
• D. None of These

Explanation: Finance Minister Muhammad Aurangzeb presented the Pakistan Economic Survey 2023-24 on June 11, 2024. Ishaq Dar and Miftah Ismail had held the finance portfolio under earlier governments.

53. The State Bank of Pakistan (SBP) on June 10, 2024, reduced its policy rate by 150 basis points to 20.5 per cent, the first cut in nearly ____ years.

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

Explanation: The SBP cut its policy rate by 150 basis points, from 22 percent to 20.5 percent, in June 2024. It was the first reduction after roughly four years of rate increases and restrictive policy.

54. Which Bank on June 5, 2024, announced that it had approved a $250 million policy-based loan to Pakistan to drive sustainable investments in infrastructure and services through public-private partnerships?

• A. World Bank
• B. Asian Infrastructure Investment Bank
• C. Asian Development Bank
• D. Swiss Bank

Explanation: The Asian Development Bank approved the $250 million policy-based loan to support sustainable infrastructure and public-private partnerships. The World Bank and AIIB are separate multilateral lenders with different financing announcements.

55. The Sindh Investment Department (SID) and Swiss Business Council (SBC) signed a memorandum of understanding (MoU) on ___________, to promote trade and investment.

• A. June 4, 2023
• B. June 4, 2024
• C. May 31, 2023
• D. April 30, 2024Standardized & Admissions Tests

Explanation: The Sindh Investment Department and Swiss Business Council signed the investment-promotion MoU on June 4, 2024. The other dates belong to different years or do not match the reported agreement.

56. According to the Pakistan Bureau of Statistics data released on June 3, 2024, Pakistan recorded its highest monthly growth in exports in ___ years with a jump of almost 19% in May 2024.

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

Explanation: The May 2024 export increase was described as Pakistan’s highest monthly growth in three years, with exports rising by almost 19 percent. The comparison is with the preceding three-year period, not one or two years.

57. The United Arab Emirates (UAE) has announced the allocation of _________ billion for investment in promising economic sectors in Pakistan

• A. $10bn
• B. $14bn
• C. $13bn
• D. None of These

Explanation: The UAE announced a target of $10 billion in investment in promising sectors of Pakistan’s economy. The larger figures in the options do not match that announcement.

58. According to the National Accounts Committee (NAC) Pakistan's investment ratio has plunged to its lowest level in ________ years, falling to just 13.1% of the size of the economy in the outgoing FY-2024.

• A. 20
• B. 30
• C. 40
• D. 50

Explanation: The National Accounts Committee reported an investment-to-GDP ratio of 13.1%, its lowest level in 50 years. The figure refers to the outgoing fiscal year 2023-24.

59. What is the ranking of Pakistan in Travel and Tourism Development Index 2024?

• A. 94
• B. 101
• C. 104
• D. None of these

Explanation: Pakistan ranked 101st in the World Economic Forum’s Travel and Tourism Development Index 2024. The index compared 119 economies, so this was a relatively low position.

60. As per Dubai Leaks published in May 2024, Pakistani nationals own properties of how much in Dubai (UAE)?

• A. USD 12.5 billion
• B. USD 14.5 billion
• C. USD 15.5 billion
• D. None of These

Explanation: The Dubai property data released in May 2024 estimated Pakistani-owned real estate in Dubai at about US$12.5 billion. The figure refers to property holdings identified through the Dubai Unlocked data, not Pakistan's official foreign-exchange reserves.