1. The current policy rate by state bank of Pakistan is _____% per annum.

(A) 7.0

(B) 7.5

(C) 8.0

(D) 8.5

2. Pakistan’s largest export industry is

(A) Arms

(B) Food

(C) Marble

(D) Textile

3. Pakistan’s largest export item is cotton & cotton manufactures. The second largest export item is

(A) Arms

(B) Rice

(C) Leather

(D) Marble

ANSWER: PAKISTAN ECONOMY MCQ

1. (A) 7.0

2. (D) Textile

3. (B) Rice

1. The major government policies that can be used to pursue its macroeconomic goals are

(A) fiscal policy and debt policy

(B) fiscal policy and monetary policy

(C) fiscal policy, debt policy and monetary policy

(D) fiscal policy, monetary policy and subsidies

2. The government’s fiscal policy denotes the use of government’s

(A) taxes and expenditure

(B) consumption and investment

(C) taxes and revenue

(D) consumption and expenditure

(A) consumption, investment and employment

(B) savings, investment and debt

(C) revenue, expenditure and savings

(D) consumption, investment and savings

4. Pakistani society like other developing countries has

(A) low marginal propensity to consume

(B) high marginal propensity to consume

(C) high marginal propensity to invest

(D) high employment

5. The total area of Pakistan is ________ km².

(A) 596,095

(B) 696,095

(C) 796,095

(D) 896,095

ANSWERS: ECONOMY OF PAKISTAN MCQS

1. (B) fiscal policy and monetary policy

2. (A) taxes and expenditure

3. (D) consumption, investment and savings

4. (B) high marginal propensity to consume

5. (C) 796,095.

1. A REPO or repurchase agreement is a form of short-term _____ by state bank.

(A) borrowing

(B) savings

(C) investment

(D) adjustment

2. The current REPO (or Repo Floor) rate of State Bank of Pakistan is _____% per annum.

(A) 6

(B) 7
(C) 8

(D) 9

3. The current Reverse REPO (or Repo Ceiling) rate of State Bank of Pakistan is _____% per annum.

(A) 6

(B) 7

(C) 8

(D) 9

ANSWERS: PAKISTAN ECONOMY MCQ

1. (A) borrowing

2. (A) 6

3. (C) 8

6. The current government borrowed _____ billion from friendly countries as a short-term measure.

(A) $6.2

(B) $7.2

(C) $8.2

(D) $9.2

7. According to the recently held census, the total population of Pakistan is

(A) 200.77 million

(B) 207.77 million

(C) 210.77 million

(D) 217.77 million

8. The total GDP of Pakistan (Year 2020) in nominal terms is about ______ billion.

(A) $284.2

(B) $324.2

(C) $364.2

(D) $404.2

9. The GDP growth rate in the current financial year of 2020 is recorded as

(A) –1.38%

(B) –0.38%
(C) 0.38%

(D) 1.38%

10. The per capita income in Pakistan is about

(A) $1188

(B) $1288

(C) $1388

(D) $1488

ANSWERS: ECONOMY OF PAKISTAN QUESTIONS

6. (D) $9.2

7. (B) 207.77 million

8. (A) $284.2

9. (B) –0.38%

10. (C) $1388

11. The three main sectors of Pakistan economy are

(A) agriculture, industry and manufacturing

(B) agriculture, industry and transport

(C) agriculture, education and industry

(D) agriculture, industry and services

12. Which sector of Pakistan economy provides the largest employment in Pakistan?

(A) agriculture

(B) industry

(C) services

(D) manufacturing

13. Which sector is the major source of tax revenues for the government?

(A) agriculture

(B) industry

(C) services

(D) manufacturing

14. Which sector is the largest contributor to the GDP?

(B) industry

(C) services

(D) manufacturing

15. The recent census was held in 2017, the last census was held in the year of

(A) 1998

(B) 2000

(C) 2002

(D) 2004

ANSWERS: PAKISTAN ECONOMY MCQS

11. (D) agriculture, industry and services

12. (A) agriculture

13. (B) industry

14. (C) services

15. (A) 1998

16. The current inflation rate (Year 2020) in Pakistan is about

(A) 5.2 %

(B) 8.2 %

(C) 11.2 %

(D) 14.2 %

17. The current unemployment rate (Year 2020) in Pakistan is about

(A) 2 %

(B) 5 %

(C) 8 %

(D) 11 %

18. To address the energy shortage, government of Pakistan incorporated electricity generation capacity
of _____ between 2013 and 2018.

(A) 6,230 MW

(B) 8,230 MW
(C) 10,230 MW

(D) 12,230 MW

19. The most important sub-sector of the industrial sector is

(A) construction

(B) transport

(C) real estate

(D) manufacturing

20. The share of manufacturing sub-sector in the overall industrial sector is

(A) 52.4%

(B) 58.4%

(C) 64.4%

(D) 70.4%

ANSWERS: PAKISTAN ECONOMY MCQS

16. (C) 11.2 %

17. (D) 11 %

18. (D) 12,230 MW

19. (D) manufacturing

20. (C) 64.4%

21. The agriculture sector contributes _______ to the country’s Gross Domestic Product (GDP).

(A) 19.30%

(B) 21.30%

(C) 23.30%

(D) 25.30%

22. The industry sector contributes ______ to the country’s GDP.

(A) 18.47%

(B) 20.47%

(C) 22.47%

(D) 24.47%

23. The services sector contributes ______ to the country’s GDP.

(B) 50.23%

(C) 55.23%

(D) 60.23%

24. The three Stock Exchanges Karachi, Lahore and Islamabad were merged into Pakistan Stock
Exchange (PSX) on 11 January

(A) 2014

(B) 2015

(C) 2016

(D) 2017

25. Foreign exchange reserves of Pakistan reached the new historic high of ______ on October 14, 2016.

(A) $24.5 billion

(B) $28.5 billion

(C) $32.5 billion

(D) $36.5 billion

ANSWERS: ECONOMY OF PAKISTAN QUIZ

21. (A) 19.30%

22. (B) 20.47%

23. (D) 60.23%

24. (C) 2016

25. (A) $24.5 billion

1. Which of the following is NOT an indirect tax?

(A) income tax

(B) sales tax

(C) service tax

(D) excise duty

2. Which of the following is NOT a direct tax?

(A) income tax

(B) corporate tax

(D) excise duty

ANSWER: PAKISTAN ECONOMY MCQ

1. (A) income tax

2. (D) excise duty

26. Currently, about how many beneficiaries (families) are receiving financial help under Benazir Income
Support Program (BISP) of the government of Pakistan?

(A) 4.0 million

(B) 4.5 million

(C) 5.0 million

(D) 5.5 million

27. Currently, about 4.5 million beneficiaries are receiving financial help of ______ per month under
BISP of the government of Pakistan.

(A) Rs. 1,000

(B) Rs. 1,500

(C) Rs. 2,000

(D) Rs. 2,500

28. Currently, the total installed capacity of electricity generation in Pakistan (Year 2020) is

(A) 25,972 MW

(B) 30,972 MW

(C) 35,972 MW

(D) 40,972 MW

29. The largest source of electricity generation in Pakistan is

(A) thermal

(B) hydel

(C) nuclear

(D) renewable

30. The current Tax-to-GDP ratio in Pakistan (Year 2020) is

(A) 9%
(B) 11%

(C) 13%

(D) 15%

ANSWERS: ECONOMY OF PAKISTAN MCQS

26. (B) 4.5 million

27. (C) Rs. 2,000

28. (C) 35,972 MW

29. (A) thermal

30. (B) 11%

31. The growth in the Large-Scale Manufacturing (LSM) sector during the financial year 2020 is about

(A) –5.4%

(B) –2.4%

(C) 1.4%

(D) 4.4%

32. Under CPEC, 22 projects have been launched costing about _____ billion.

(A) $18.5

(B) $28.5

(C) $38.5

(D) $48.5

33. The apex regulator of capital market in Pakistan is

(A) federal board of revenue

(B) Pakistan stock exchange

(C) state bank of Pakistan

(D) security and exchange commission of Pakistan

34. In July 2019, Pakistan entered a _____ month loan agreement with IMF.

(A) 30

(B) 33

(C) 36

(D) 39
35. IMF has given Pakistan a relief in debt payments for _____ months due to Coronavirus.

(A) 6

(B) 12

(C) 18

(D) 24

ANSWERS: ECONOMY OF PAKISTAN QUIZZES

31. (A) –5.4%

32. (B) $28.5

33. (D) security and exchange commission of Pakistan

34. (D) 39

35. (B) 12

36. Electricity and gas sub-sectors are counted under the _____ sector.

(A) agriculture

(B) industrial

(C) services

(D) none of these

37. Transport, storage, and communication sub-sectors are counted under the _____ sector.

(A) agriculture

(B) industrial

(C) services

(D) none of these

38. The current policy rate in Pakistan is

(A) 7 %

(B) 8 %

(C) 9 %

(D) 10 %

39. Public Expenditure on Education in the financial year 2020 is about _____% of the GDP.

(A) 2.3

(B) 2.7
(C) 3.1

(D) 3.5

40. As of Year 2020, the literacy rate in Pakistan is about

(A) 56%

(B) 58%

(C) 60%

(D) 62%

ANSWERS: PAKISTAN ECONOMY MCQS

36. (B) industrial

37. (C) services

38. (A) 7 %

39. (A) 2.3

40. (C) 60%

The agriculture provides employment of about ________ of the country’s total labour force.

(A) 35.5%

(B) 38.5%

(C) 41.5%

(D) 44.5%

42. The share of livestock sub-sector in the agriculture sector is about

(A) 20.54 %

(B) 40.54 %

(C) 60.54 %

(D) 80.54 %

43. The current federal fiscal deficit (Year 2020) is about _____ of the total GDP.

(A) 3.1 %

(B) 5.1 %

(C) 7.1 %

(D) 9.1 %
44. According to Federal Government, Pakistan suffered loss of Rs. _____ billion in country’s GDP for the
financial year 2020 because of Coronavirus.

(A) 1,300

(B) 2,300

(C) 3,300

(D) 4,300

45. The population growth rate in Pakistan is about

(A) 2.1 %

(B) 2.4 %

(C) 2.7 %

(D) 3.0 %

ANSWERS: PAKISTAN ECONOMY QUIZ

41. (B) 38.5%

42. (C) 60.54 %

43. (D) 9.1 %

44. (C) 3,300

45. (B) 2.4 %

. Pakistan’s largest export partner is

(A) China

(B) France

(C) United Kingdom

(D) United States

2. Pakistan’s largest import partner is

(A) China

(B) France

(C) United Kingdom

(D) United States

3. Pakistan’s largest import item is

(A) Arms
(B) Machinery

(C) Petroleum

(D) Raw material

ANSWER: PAKISTAN ECONOMY QUESTION

1. (D) United States. NOTE: If European Union, a group of 27 European countries, is considered, then
European union is the largest export partner.

2. (A) China

3. (C) Petroleum

46. The growth rate in the agriculture sector during the financial year 2020 is

(A) −2.67 %

(B) 0.67 %

(C) 2.67 %

(D) 4.67 %

47. The growth rate in the industry sector during the financial year 2020 is

(A) –2.64 %

(B) 0.64 %

(C) 2.64 %

(D) 4.64 %

48. The growth rate in the services sector during the financial year 2020 is

(A) –0.59 %

(B) 2.59 %

(C) 4.59 %

(D) 6.59 %

49. Which from the following is NOT a “Kharif” crop?

(A) Rice

(B) Wheat

(C) Sugarcane

(D) Cotton
50. Which from the following is NOT a “Rabi” crop?

(A) Sugarcane

(B) Wheat

(C) Gram

(D) Tobacco

ANSWERS: ECONOMY OF PAKISTAN QUESTIONS

46. (C) 2.67 %

47. (A) –2.64 %

48. (A) –0.59 %

49. (B) Wheat

50. (A) Sugarcane