Pakistan Economy
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Q1.What is the share of education in Pakistan budget in the GDP ?
Correct Answer: A
Pakistan's education spending is around 0.8% of GDP as per the answer key.
Q2.Pakistan Loan and interest payment in budget 2024-25 are ?
Correct Answer: A
Q3.Outlay budget of Pakistan for 2024-2025:
Correct Answer: B
Q4.An increase in the general price level of goods and services over time is called?
Correct Answer: B
Inflation refers to a sustained increase in the general price level.
Q5.A country's fiscal year in Pakistan runs from?
Correct Answer: B
Pakistan's fiscal year runs from 1 July to 30 June.
Q6.A "fiscal deficit" refers to a situation where?
Correct Answer: B
A fiscal deficit occurs when government spending exceeds its total revenue.
Q7.GDP stands for?
Correct Answer: A
GDP stands for Gross Domestic Product, the total value of goods and services produced.
Q8.Pakistan's federal budget is presented in the National Assembly typically by the?
Correct Answer: B
The Finance Minister presents the federal budget in the National Assembly.
Q9.The Public Sector Development Programme (PSDP) is primarily related to?
Correct Answer: B
PSDP allocates funds for government development projects.
Q10.The Karachi Stock Exchange is now officially known as?
Correct Answer: A
The Karachi, Lahore and Islamabad stock exchanges merged to form the Pakistan Stock Exchange (PSX).
Q11.The term "circular debt" in Pakistan is most commonly associated with which sector?
Correct Answer: B
Circular debt refers to a chain of unpaid liabilities within Pakistan's energy/power sector.
Q12.Foreign Direct Investment (FDI) refers to investment made by?
Correct Answer: B
FDI is investment made by a foreign entity into a country's businesses or assets.
Q13.Pakistan's agriculture sector remains a major employer and contributes significantly to which economic indicator?
Correct Answer: B
Agriculture remains a significant contributor to Pakistan's GDP and employment.
Q14.A "subsidy" provided by the government is essentially a?
Correct Answer: B
A subsidy is financial assistance from the government to lower the cost of goods or services.
Q15.The term "GDP per capita" measures?
Correct Answer: B
GDP per capita measures the average economic output generated per person in a country.
Q16.State Bank Of Pakistan Governor Reza Baqir retired on completing his 3-year term on __________?
Correct Answer: C
Dr. Reza Baqir completed his three-year tenure as Governor of the State Bank of Pakistan (SBP) on May 4, 2022.
Q17.According to the 'GLOBAL RISK REPORT 2022', published by WEF, which among the following is top risk for Pakistan?
Correct Answer: C
The World Economic Forum's Global Risks Report 2022 identified debt crisis as the primary risk facing Pakistan.
Q18.What was the revised GDP growth rate of Pakistan for FY2020-21?
Correct Answer: C
Pakistan's GDP growth rate for FY 2020-21 was re-based and revised upward to 5.74%.
Q19.How much remittances did overseas Pakistanis send in the first quarter (July-Sept 2021) of FY22?
Correct Answer: B
Worker remittances reached a record $8.0 billion in Q1 FY22, reflecting strong inflows from Saudi Arabia and UAE.
Q20.Which South American nation officially budgeted funds to acquire 12 JF-17 Thunder Block-III jets from Pakistan in 2021?
Correct Answer: C
Argentina included a $664 million line item in its draft defense budget for 12 JF-17 Block III fighters from PAC Kamra.