Economy of Pakistan MCQs

What is the current gross domestic product (GDP) growth rate of Pakistan?
a) 2.8%
b) 3.9%
c) 4.8%
d) 5.7%
Answer: b) 3.9%

Which sector of the economy contributes the most to Pakistan’s GDP?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: c) Services

What is Pakistan’s current inflation rate?
a) 5.7%
b) 8.3%
c) 10.2%
d) 12.1%
Answer: d) 12.1%

Which of the following countries is Pakistan’s largest trading partner?
a) China
b) United States
c) United Kingdom
d) Saudi Arabia
Answer: a) China

What is the current unemployment rate in Pakistan?
a) 4.2%
b) 5.9%
c) 7.5%
d) 9.1%
Answer: d) 9.1%

What is the main source of revenue for the Pakistani government?
a) Income tax
b) Sales tax
c) Customs duties
d) Corporate tax
Answer: b) Sales tax

What is Pakistan’s current account deficit?
a) $1 billion
b) $3 billion
c) $5 billion
d) $7 billion
Answer: c) $5 billion

What is the largest source of remittances for Pakistan?
a) United States
b) United Kingdom
c) Saudi Arabia
d) United Arab Emirates
Answer: c) Saudi Arabia

What is the current literacy rate in Pakistan?
a) 45%
b) 55%
c) 65%
d) 75%
Answer: c) 65%

What is the current population of Pakistan?
a) 180 million
b) 200 million
c) 220 million
d) 240 million
Answer: c) 220 million

What is the main source of energy in Pakistan?
a) Coal
b) Oil
c) Gas
d) Hydropower
Answer: b) Oil

Which stock exchange is the largest in Pakistan?
a) Pakistan Stock Exchange (PSX)
b) Lahore Stock Exchange (LSE)
c) Karachi Stock Exchange (KSE)
d) Islamabad Stock Exchange (ISE)
Answer: a) Pakistan Stock Exchange (PSX)

What is Pakistan’s current public debt as a percentage of GDP?
a) 62%
b) 75%
c) 88%
d) 95%
Answer: b) 75%

Which of the following sectors in Pakistan is the most heavily regulated?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: a) Agriculture

What is the main export product of Pakistan?
a) Textiles
b) Petroleum products
c) Electronics
d) Chemicals
Answer: a) Textiles

What is the current foreign exchange reserve of Pakistan?
a) $10 billion
b) $15 billion
c) $20 billion
d) $25 billion
Answer: c) $20 billion

Which of the following is a major challenge facing Pakistan’s economy?
a) High inflation
b) Low population growth
c) High GDP growth rate
d) Low government spending
Answer: a) High inflation

Which of the following industries in Pakistan receives the most foreign direct investment (FDI)?
a) Energy
b) Telecommunications
c) Manufacturing
d) Construction
Answer: c) Manufacturing

What is the current size of Pakistan’s economy in terms of nominal GDP?
a) $220 billion
b) $300 billion
c) $400 billion
d) $500 billion
Answer: b) $300 billion

What is the current size of Pakistan’s economy in terms of purchasing power parity (PPP)?
a) $1.2 trillion
b) $1.5 trillion
c) $1.8 trillion
d) $2.1 trillion
Answer: c) $1.8 trillion

What is the current size of Pakistan’s agriculture sector as a percentage of GDP?
a) 15%
b) 20%
c) 25%
d) 30%
Answer: b) 20%

Which of the following sectors in Pakistan employs the most people?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: a) Agriculture

What is the current account deficit as a percentage of GDP in Pakistan?
a) 2.5%
b) 3.5%
c) 4.5%
d) 5.5%
Answer: b) 3.5%

What is the current level of foreign debt owed by Pakistan?
a) $50 billion
b) $75 billion
c) $100 billion
d) $125 billion
Answer: b) $75 billion

Which of the following industries in Pakistan has the highest potential for growth?
a) Textiles
b) Information technology
c) Pharmaceuticals
d) Automotive
Answer: b) Information technology

What is the current rate of interest on savings accounts in Pakistan?
a) 4%
b) 6%
c) 8%
d) 10%
Answer: a) 4%

What is the current rate of corporate tax in Pakistan?
a) 25%
b) 30%
c) 35%
d) 40%
Answer: a) 25%

Which of the following international organizations has provided financial assistance to Pakistan?
a) International Monetary Fund (IMF)
b) World Bank
c) Asian Development Bank (ADB)
d) All of the above
Answer: d) All of the above

What is the current level of foreign investment in Pakistan?
a) $5 billion
b) $10 billion
c) $15 billion
d) $20 billion
Answer: b) $10 billion

Which of the following sectors in Pakistan is most affected by climate change?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: a) Agriculture

What is the current rate of inflation in Pakistan?
a) 8%
b) 10%
c) 12%
d) 14%
Answer: b) 10%

What is the current unemployment rate in Pakistan?
a) 4%
b) 6%
c) 8%
d) 10%
Answer: c) 8%

Which of the following sectors in Pakistan has the highest share in exports?
a) Textiles
b) Information technology
c) Agriculture
d) Chemicals
Answer: a) Textiles

What is the current level of remittances sent by overseas Pakistanis?
a) $10 billion
b) $15 billion
c) $20 billion
d) $25 billion
Answer: c) $20 billion

Which of the following international credit rating agencies has rated Pakistan’s creditworthiness the lowest?
a) Standard & Poor’s
b) Fitch Ratings
c) Moody’s
d) None of the above
Answer: c) Moody’s

What is the current level of Pakistan’s public sector development program (PSDP) for the fiscal year 2022?
a) Rs. 900 billion
b) Rs. 1 trillion
c) Rs. 1.2 trillion
d) Rs. 1.4 trillion
Answer: c) Rs. 1.2 trillion

Which of the following industries in Pakistan is the most export-oriented?
a) Textiles
b) Telecommunications
c) Manufacturing
d) Services
Answer: a) Textiles

What is the current rate of sales tax in Pakistan?
a) 10%
b) 12%
c) 14%
d) 16%
Answer: c) 14%

What is the current level of foreign reserves held by the State Bank of Pakistan?
a) $12 billion
b) $18 billion
c) $24 billion
d) $30 billion
Answer: c) $24 billion

Which of the following international economic organizations has Pakistan recently become a member of?
a) European Union (EU)
b) Organization for Economic Cooperation and Development (OECD)
c) Shanghai Cooperation Organization (SCO)
d) World Trade Organization (WTO)
Answer: c) Shanghai Cooperation Organization (SCO)

Which of the following sectors in Pakistan has the highest share in the country’s total imports?
a) Textiles
b) Petroleum
c) Machinery
d) Electronics
Answer: b) Petroleum

What is the current level of Pakistan’s trade deficit?
a) $10 billion
b) $20 billion
c) $30 billion
d) $40 billion
Answer: d) $40 billion

What is the current level of Pakistan’s public debt as a percentage of GDP?
a) 60%
b) 70%
c) 80%
d) 90%
Answer: c) 80%

What is the current level of Pakistan’s foreign exchange reserves?
a) $20 billion
b) $30 billion
c) $40 billion
d) $50 billion
Answer: b) $30 billion

Which of the following sectors in Pakistan has the highest potential for job creation?
a) Agriculture
b) Information technology
c) Manufacturing
d) Services
Answer: b) Information technology

What is the current rate of corporate tax in Pakistan for companies listed on the stock exchange?
a) 20%
b) 25%
c) 30%
d) 35%
Answer: a) 20%

Which of the following international organizations has provided technical assistance to Pakistan in the field of taxation?
a) International Monetary Fund (IMF)
b) World Bank
c) Asian Development Bank (ADB)
d) Organisation for Economic Co-operation and Development (OECD)
Answer: d) Organisation for Economic Co-operation and Development (OECD)

What is the current level of Pakistan’s total public sector debt?
a) Rs. 30 trillion
b) Rs. 35 trillion
c) Rs. 40 trillion
d) Rs. 45 trillion
Answer: c) Rs. 40 trillion

Which of the following industries in Pakistan has the highest potential for export growth?
a) Textiles
b) Food processing
c) Information technology
d) Construction
Answer: c) Information technology

What is the current level of Pakistan’s foreign direct investment (FDI) inflows?
a) $1 billion
b) $2 billion
c) $3 billion
d) $4 billion
Answer: b) $2 billion

What is the current level of Pakistan’s total exports?
a) $20 billion
b) $25 billion
c) $30 billion
d) $35 billion
Answer: b) $25 billion

Which of the following industries in Pakistan has the highest potential for growth in the next 5 years?
a) Textiles
b) Agriculture
c) Energy
d) Information technology
Answer: d) Information technology

What is the current level of Pakistan’s foreign debt?
a) $50 billion
b) $60 billion
c) $70 billion
d) $80 billion
Answer: c) $70 billion

What is the current level of Pakistan’s foreign exchange reserves held by commercial banks?
a) $5 billion
b) $10 billion
c) $15 billion
d) $20 billion
Answer: d) $20 billion

Which of the following sectors in Pakistan has the highest share in the country’s total GDP?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: c) Services

What is the current level of Pakistan’s current account deficit?
a) $5 billion
b) $10 billion
c) $15 billion
d) $20 billion
Answer: b) $10 billion

Which of the following industries in Pakistan has the highest potential for import substitution?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: b) Manufacturing

What is the current level of Pakistan’s public debt held by foreign creditors?
a) $20 billion
b) $30 billion
c) $40 billion
d) $50 billion
Answer: a) $20 billion

What is the current level of Pakistan’s tax revenue as a percentage of GDP?
a) 10%
b) 12%
c) 14%
d) 16%
Answer: c) 14%

Which of the following industries in Pakistan has the highest potential for export diversification?
a) Textiles
b) Information technology
c) Agriculture
d) Chemicals
Answer: b) Information technology

What is the current level of Pakistan’s inflation rate?
a) 5%
b) 7%
c) 9%
d) 11%
Answer: d) 11%

Which of the following industries in Pakistan has the highest potential for innovation and technology development?
a) Textiles
b) Construction
c) Information technology
d) Retail
Answer: c) Information technology

What is the current level of Pakistan’s total public sector development expenditure?
a) Rs. 800 billion
b) Rs. 1 trillion
c) Rs. 1.2 trillion
d) Rs. 1.4 trillion
Answer: b) Rs. 1 trillion

Which of the following sectors in Pakistan has the highest share in the country’s total employment?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: a) Agriculture

What is the current level of Pakistan’s foreign exchange reserves held by the State Bank of Pakistan?
a) $10 billion
b) $15 billion
c) $20 billion
d) $25 billion
Answer: b) $15 billion

Which of the following industries in Pakistan has the highest potential for contributing to renewable energy production?
a) Textiles
b) Energy
c) Construction
d) Chemicals
Answer: b) Energy

What is the current level of Pakistan’s official unemployment rate?
a) 5%
b) 7%
c) 9%
d) 11%
Answer: d) 11%

Which of the following industries in Pakistan has the highest potential for improving the country’s balance of trade?
a) Textiles
b) Agriculture
c) Information technology
d) Construction
Answer: c) Information technology

What is the current level of Pakistan’s total public sector revenue?
a) Rs. 4 trillion
b) Rs. 5 trillion
c) Rs. 6 trillion
d) Rs. 7 trillion
Answer: c) Rs. 6 trillion

Which of the following international organizations has provided financial assistance to Pakistan for COVID-19 relief efforts?
a) International Monetary Fund (IMF)
b) World Bank
c) Asian Development Bank (ADB)
d) All of the above
Answer: d) All of the above

What is the current level of Pakistan’s literacy rate?
a) 56%
b) 62%
c) 68%
d) 74%
Answer: c) 68%

Which of the following industries in Pakistan has the highest potential for creating employment opportunities?
a) Textiles
b) Energy
c) Information technology
d) Agriculture
Answer: d) Agriculture

What is the current level of Pakistan’s ranking on the Ease of Doing Business Index 2020?
a) 100
b) 110
c) 120
d) 130
Answer: b) 110

Which of the following sectors in Pakistan has the highest potential for attracting foreign direct investment (FDI)?
a) Agriculture
b) Manufacturing
c) Services
d) Mining and quarrying
Answer: c) Services

What is the current level of Pakistan’s total investment-to-GDP ratio?
a) 10%
b) 15%
c) 20%
d) 25%
Answer: b) 15%

Which of the following industries in Pakistan has the highest potential for contributing to the country’s socio-economic development?
a) Textiles
b) Energy
c) Construction
d) Agriculture
Answer: d) Agriculture

What is the current level of Pakistan’s ranking on the World Happiness Report 2021?
a) 110
b) 120
c) 130
d) 140
Answer: d) 140

Which of the following industries in Pakistan has the highest potential for enhancing the country’s international competitiveness?
a) Textiles
b) Information technology
c) Agriculture
d) Mining and quarrying
Answer: b) Information technology

What is the current level of Pakistan’s ranking on the Global Innovation Index 2021?
a) 80
b) 90
c) 100
d) 110
Answer: d) 110

Which of the following international organizations has provided technical assistance to Pakistan for tax reforms?
a) International Monetary Fund (IMF)
b) World Bank
c) United Nations Development Programme (UNDP)
d) International Finance Corporation (IFC)
Answer: c) United Nations Development Programme (UNDP)

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