Financial | MCQs

Explanation

Pakistan's budget deficit for the fiscal year 2021-2022 was 7.9% of the budgetary target, or Rs 5.259 trillion.

The total revenue for the fiscal year was Rs 8035.383 billion, and the total expenditure was Rs 13,295.275 billion.

Explanation

On 24 March 2020, Prime Minister Imran Khan announced 1200 BL (billion rupees) in economic relief measures.

Explanation

The board of executive directors of the World Bank has approved $435 million in financing to Pakistan for three housing sector projects mainly in Punjab.

Explanation

The then prime Minister Imran Khan 15-02-2022 launched the country’s first instant person-to-person payment system ‘Raast’ for low-cost digital retail payments and money transfers.

while

on 11th January 2021, PM Imran Khan unveiled RAAST's first instant payment system to increase Financial inclusion and eliminate corruption

NA23-7-2023

Explanation

In 2023, Pakistan faced a severe balance-of-payments crisis due to rising imports and low reserves.

This caused currency devaluation, inflation, and debt repayment issues—crippling the economy.

Explanation

•  3.94 is the GDP ratio in Pakistan during 2020-21
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  Minister for Finance Shaukat Tarin said that Pakistan’s GDP growth stood at 3.94 percent against the envisaged target of 2.1 percent,
• remittances made a historic record, and exports would be touching $25 billion in the outgoing fiscal year.
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• Agricultural GDP of Pakistan in 2019: 22.4%
• According to the Economic Survey of Pakistan 2021-22, only 1.77 % of GDP was spent on the education sector in FY2021.
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• Japan had a record-high Defence budget, more than a ceiling of 1% of its GDP in April 2021
• According to GDP per capita report 2021 poorest country in the world is Burundi

Explanation

Muzamil Aslam is a Pakistani politician who is the Provincial Minister of Khyber Pakhtunkhwa for Finance. 

Party affilitaion: PTI

Appointed in March 2024

Explanation

The State Bank of Pakistan is the central regulatory authority for the country’s banking sector.

It manages monetary policy and oversees all banking functions.

Explanation

Karachi Stock Exchange (now part of Pakistan Stock Exchange) was the largest and most active in the country.

It played a central role in Pakistan's capital market before merging into the unified Pakistan Stock Exchange (PSX) in 2016.

Explanation