Free Economy and Budget MCQs with Answers

81. First round of 9th edition between IMF and Pakistan held in _________?

• A. Lahore
• B. Karachi
• C. Faisalabad
• D. Islamabad

Explanation: The first round of Pakistan's ninth IMF review talks was held in Islamabad. These negotiations concerned completion of the review under Pakistan's Extended Fund Facility and the release of the next tranche.

82. When almost the entire country was left in the dark by a massive electricity breakdown?

• A. 21 January 2023
• B. 22 January 2023
• C. 23 January 2023
• D. 24 January 2023

Explanation: A major power breakdown affected almost the entire country on 23 January 2023 after a frequency fluctuation disrupted the national grid. This is why 23 January, rather than the surrounding dates, is the relevant anchor.

83. In Janaury 2023, EU to provide ________ million euros for three new uplift schemes in Pakistan?

• A. 83 million
• B. 85 million
• C. 87 million
• D. 89 million

Explanation: The European Union announced assistance of 87 million euros for three development schemes in Pakistan in January 2023. The nearby figures are distractors that differ by only two million euros.

84. Which bank has warned that Pakistan is now at a high risk of currency crisis?

• A. World Bank
• B. State Bank of Pakistan
• C. Nomura Holdings
• D. None

Explanation: Nomura Holdings, a Japanese financial-services group, warned that Pakistan faced a high risk of a currency crisis. The World Bank and State Bank are institutions, but this particular warning was attributed to Nomura.

85. The State Bank of Pakistan (SBP) has halved the cash-carrying limits on foreign currency for international travel to_____ per visit?

• A. $3000
• B. $5000
• C. $7000
• D. $9000

Explanation: The SBP reduced the foreign-currency cash limit for an international trip from $10,000 to $5,000 per visit. This measure was introduced to improve monitoring of foreign-exchange outflows.

86. The State Bank of Pakistan (SBP) has halved the cash-carrying limits on foreign currency for international travel to ________ annually?

• A. $20000
• B. $30000
• C. $40000
• D. $50000

Explanation: Alongside the $5,000 per-trip limit, the revised annual cash-carrying ceiling was set at $30,000. The annual limit is therefore not simply the old $60,000 limit or the per-visit figure multiplied without restriction.

87. FATF removes Pakistan from Grey list after how many years?

• A. 3 Years
• B. 4 Years
• C. 6 Years
• D. None of These

Explanation: Pakistan remained on the FATF grey list from June 2018 until October 2022, a period of roughly four years. Removal followed the completion of the required action plans and on-site verification.

88. FATF has removed Pakistan from Gray List after 4 years on _____________?

• A. 20 Oct 2022
• B. 21 Oct 2022
• C. 23 Oct 2022
• D. None of these

Explanation: The FATF announced Pakistan’s removal from the grey list on 21 October 2022 after its plenary review. The decision followed completion of the required action items.

89. The FATF has recently removed Pakistan because it has addressed _____ action items in total.

• A. 32
• B. 33
• C. 34
• D. 35

Explanation: Pakistan addressed a total of 34 FATF action items across the two action plans used in its enhanced monitoring process. Completion of these measures led to its removal from the grey list.

90. Pakistan remained how many months in grey list of the (FATF)?

• A. 50
• B. 51
• C. 52
• D. None of these

Explanation: Pakistan spent about 52 months on the FATF grey list, from June 2018 until its removal in October 2022. The four-year description in related questions is a rounded version of this period.