Important MCQs About Pakistan Economy

We have collected some important MCQs about Pakistan economy from different sources with the hope that these MCQs will give a short glimpse of the working of Pakistan economy. Plus these MCQs will also give you a hand in your preparation for any type of test and examination. During the collection of MCQs we have tried our best to avoid kind of misinformation and mistakes but still if you find any please inform us by commenting it in the comment box.

1 The largest type of income in Pakistan is the

Compensation of employees

2 In Pakistan, money of account is

Rupee

3 Government of Pakistan issues currency on the basis of

Demand for money in the country

4 Paper money in Pakistan is

Inconvertible

5 Value of money in Pakistan is determined by

General price level

6 Rupee is coin

Token money

7 Government of Pakistan issues currencies on the basis of

Demand for money in the country

8 Value of money in Pakistan is determined by

General price level

9 The total number of bank branches in Pakistan is

More than 5000 but less than 10,000

10 Discount rate of State Bank of Pakistan is

More than 5% but not more than 15%

 

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11 State Bank of Pakistan was established in

1948

12 State Bank of Pakistan has departments

Issue, research and banking department

13 State Bank of Pakistan is run by

Board of directors

14 In Pakistan taxes are levied by

National Assembly

15 In Pakistan government budget is prepared by

Ministry of Finance

16 In Pakistan income tax is

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Direct and progressive

17 The federal budget of Pakistan includes direct and indirect taxes and

Proportional and progressive taxes

18 In Pakistan, income tax is collected by

Federal government

19 Sale tax in Pakistan is

Indirect and proportional

20 Pakistan’s terms of trade

Have fallen over the past few years

 

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21 Exchange value of Pakistani Rupees against other currencies has fallen because

Our imports are more than exports

22 Pakistan imports some goods and exports other goods because of

Comparative advantage

23 To increase exports, Pakistan must improve quality of goods and

Decrease the value of its currency

24 If GNP of Pakistan rises, it will encourage

Both exports and imports

25 Pakistan follows the policy of

Flexible exchange rate

26 Pakistan exports are part of our GDP

15%

27 What will be the expected result if the value of rupee falls against US dollar?

The prices of American goods in Pakistan will rise

28 Loan of IMF to Pakistan improves Pakistan’s

Capital account and overall balance of payments

29 Life expectancy in Pakistan is

66 years

30 Infant mortality rate in Pakistan is

65%

 

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31 Forests cover in Pakistan is

4%

32 There are stock exchanges in Pakistan

Three (3)

33 Pakistan’s public saving rate is

15%

34 Pakistan per capita income at constant prices in rupees is

32,000

35 Largest sector of Pakistan economy is

Agriculture

36 Contribution of Industrial sector in Pakistan GDP is

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18%

37 Base year of Pakistan for national accounting is

1999-2000

38 Average growth rate of Pakistan national income in past few years is

6%

39 Working percentage of Pakistan’s total population is

30%

40 Literacy rate in Pakistan is

57%

41 This step will increase saving in Pakistan

Decrease in taxes

42 This step will increase investment in Pakistan

Decrease in interest rate

43 This step will increase per capita income in Pakistan

Increase in investment

44 Pakistan’s GDP is

Smaller than GNP

45 It creates difficulty in measurement of national income of Pakistan

Illiteracy and underground economy

46 The largest share in Pakistan’s GNP is that of

Agriculture

47 Commodity sector contributes to national income of Pakistan

48%

48 Pakistan started its firs t five years plan in

1955

49 Most of Pakistani exports consists of

Cotton products

50 Pakistan is an economy

Developing

51 Pakistan produces of its oil requirements

20%

52 Investment rat in Pakistan is around

18%

53 Rate of economic development in Pakistan will increase if

Saving rate increases

54 Rate of economic development will fall if

Smaller percent of national income is invest

55 The highest government body for economic planning in Pakistan is

Planning Commission

56 Economic planning I n Pakistan started

During 1950’s

57 Medium terms plan covers

3 to 5 years

58 Pakistan started its planning experience with

Colombo Plan

59 In Pakistan poverty is measured by

Per capita income and calorie intake

60 Nationalisation of banks was done in

1974

61 National Bank of Pakistan is

Commercial bank

62 National Bank of Pakistan was established in

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1949

63 The bank established for loans to very small enterprises is called

Micro Finance Bank

64 Pakistan has a banking system

Developed

65 Commercial banks in Pakistan are supervised by

State Bank of Pakistan

66 National Bank is a

Public sector bank

67 First Women bank is

Government bank

68 Acting as lender of last resort, a central bank lends to

Commercial banks

69 The budget estimate prepared by the ministry of finance is finally approved by the

National Assembly

70 Pakistan’s public debt is

Smaller than GNP

71 Pakistan’s fiscal year starts from

1st July

72 The federal budget is presented in the parliament by the

Finance minister

73 The most important body to collect taxes in Pakistan is

Federal Board of Revenue (FBR)

74 Exemption limit for income tax in Pakistan is

Three Lakh

75 Pakistan’s expenditure on defence is

More than 10 % but less than 25 %

76 Pakistan exports mainly consist of

Semi manufactured and manufactured goods

77 The largest item in Pakistan’s import list is

Petroleum

78 Imports of petroleum makes up Pakistan’s total imports bill

25%

79 Pakistan’s share in the world for cotton textiles is

Less than 3%

80 In Pakistan’s foreign trade

Exports are less than imports

81 The balance of payments account of Pakistan is prepared by

State Bank of Pakistan

82 Basic principle of Islamic economic system is

Justice

83 In working of market, Islamic system is nearer to

Mixed economy

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