Economic | MCQs

Explanation

Liaquat Ali Khan Presented Poor Men’s Budget in 1946.

Following were some of the main features of the Poor Man’s Budget:

Salt Tax was completely abolished for the first time.

The minimum exemption limit for income tax was raised from Rs. 2000/- to Rs. 2500/-

Special income tax of 25% was introduced on businessmen whose annual profit was more than Rs. 100000/-

A graduated tax was introduced on the capital gains exceeding Rs. 5000/-

A commission was proposed to look into the accounts of those who accumulated wealth during the Second World War and to introduce heavy taxes on them.

Explanation

Explanation

Explanation

Hala is a city and taluka of Matiari district of Sindh.

Hala was given the status of Taluka of Hyderabad District in 1848.

In 2005, it became part of Matiari District.

Hala is located on the N-5 National Highway of Pakistan

Hala is famous throughout the subcontinent for:

art,

glazed colored pottery (Kaashi),

woodwork (Jandi),

cloth printing,

woven cloth (Sussi)

and khaddar made of handmade khaddi.

ND17-7-2023

Explanation

Inflation is the general increase in the price of goods and services over time,

It means that money loses its purchasing power

Explanation

مکہ مکرمہ ایک پہاڑی علاقہ ہے جہاں زرعی زمین کم تھی، اس لیے غلہ بیرونی علاقوں سے آتا تھا۔

یمامہ ایک زرخیز علاقہ تھا اور مکہ میں زیادہ تر غلہ وہیں سے منگوایا جاتا تھا۔

Explanation

• Quaid-e-Azam inaugurated the State Bank of Pakistan.

• Founded	1-Jul-1948
  Founded by	M.A Jinnah
  First Governor	Zahid Hussain
  First Female Governor	Shamshad Akhtar
  SBP Responsibitly	implement monetary policy
  HQ	Karachi, Sindh

  
  

Explanation

The China-Pakistan Economic Corridor (CPEC) is expected to be fully operational by 2030.

The China-Pakistan Economic Corridor (CPEC) is a series of energy and infrastructure projects, some of which connect China’s Xinjiang to Gwadar.

Initiated in mid-2013 and formally launched in April 20, 2015.

CPEC is generally described as a $46 billion package of Chinese aid.

Explanation

Fitch Ratings upgraded Pakistan's credit rating from 'CCC+' to 'B-' in April 2025, citing several key factors:

• Improved Fiscal Discipline: The government's efforts to narrow budget deficits and implement structural reforms under the IMF program contributed to the upgrade.

• Structural Reforms: Pakistan's commitment to implementing structural reforms, including agricultural tax legislation and fiscal consolidation measures, was recognized by Fitch.

• Economic Indicators: Positive economic indicators, such as a reduction in the government debt-to-GDP ratio and improved fiscal performance, supported the rating upgrade.

Explanation

• HBL Bank gave a loan to Pakistan for its first budget
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• HBL was the first commercial bank to be established in Pakistan in 1947
• HBL has a major market share in loans to small industries, traders, and farmers. 
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• HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country