Which institution is responsible for formulating monetary policy in Pakistan?
a) Federal Board of Revenue (FBR)
b) Ministry of Finance
c) State Bank of Pakistan (SBP)
d) Securities and Exchange Commission of Pakistan (SECP)
What is the primary objective of fiscal policy?
a) Controlling inflation and managing government spending
b) Increasing private sector profits
c) Expanding defense expenditures
d) Reducing agricultural output
Which tax is an example of indirect taxation?
a) Income tax
b) Property tax
c) Sales tax
d) Corporate tax
Which policy is used by the government to influence economic growth?
a) Trade policy
b) Fiscal policy
c) Education policy
d) Cultural policy
What is the main objective of Pakistan’s economic governance?
a) Achieving sustainable development and economic stability
b) Increasing foreign debt
c) Reducing government transparency
d) Limiting financial inclusion
Which organization regulates the stock market in Pakistan?
a) Ministry of Commerce
b) Federal Board of Revenue (FBR)
c) Securities and Exchange Commission of Pakistan (SECP)
d) National Economic Council
What is the role of the Federal Board of Revenue (FBR)?
a) Collecting taxes and ensuring tax compliance
b) Regulating energy prices
c) Managing public transport
d) Controlling inflation rates
Which international financial institution provides economic assistance to Pakistan?
a) World Bank
b) NATO
c) United Nations
d) OPEC
What does GDP stand for?
a) Gross Domestic Product
b) General Debt Policy
c) Government Development Plan
d) Global Demand Projection
Which policy aims to control inflation by adjusting interest rates?
a) Industrial policy
b) Monetary policy
c) Foreign trade policy
d) Education policy
What is the main purpose of the Public Sector Development Program (PSDP)?
a) Financing infrastructure and development projects
b) Increasing corporate profits
c) Reducing foreign trade
d) Expanding political governance
What is the effect of a budget deficit?
a) Increase in government debt
b) Reduction in public services
c) Increase in exports
d) Elimination of inflation
Which policy deals with government spending and revenue collection?
a) Fiscal policy
b) Foreign policy
c) Trade policy
d) Industrial policy
Which of the following is a tool of expansionary fiscal policy?
a) Increasing government spending
b) Increasing taxes
c) Reducing the money supply
d) Raising interest rates
Which factor is a major challenge to Pakistan’s economic growth?
a) High literacy rate
b) Energy shortages
c) Low government spending
d) Reduction in exports
Which economic sector contributes the most to Pakistan’s GDP?
a) Agriculture
b) Industry
c) Services
d) Mining
What is the purpose of the Ease of Doing Business reforms in Pakistan?
a) Encouraging foreign investment and business growth
b) Increasing import restrictions
c) Expanding bureaucratic hurdles
d) Limiting entrepreneurship
Which organization monitors inflation in Pakistan?
a) Pakistan Bureau of Statistics
b) Federal Board of Revenue
c) National Assembly
d) Ministry of Education
Which tax is paid directly by individuals to the government?
a) Sales tax
b) Excise duty
c) Income tax
d) Customs duty
What is a major benefit of foreign direct investment (FDI)?
a) Job creation and technology transfer
b) Increased foreign debt
c) Decline in exports
d) Reduction in foreign exchange reserves
What does privatization of state-owned enterprises aim to achieve?
a) Efficiency and economic growth
b) Increased government control
c) Higher budget deficits
d) Elimination of private sector investment
Which economic system is based on free-market principles?
a) Capitalism
b) Socialism
c) Communism
d) Feudalism
What is the purpose of Pakistan’s trade policy?
a) Enhancing exports and promoting economic growth
b) Increasing import tariffs
c) Reducing foreign exchange reserves
d) Limiting domestic production
Which of the following is a major cause of inflation in Pakistan?
a) Low supply of goods and services
b) Increased agricultural production
c) High literacy rate
d) Stable currency value
What is the purpose of foreign exchange reserves?
a) Stabilizing the currency and supporting trade
b) Reducing GDP
c) Limiting monetary policy
d) Increasing government control over businesses
Which factor directly affects Pakistan’s balance of payments?
a) Trade deficit and foreign exchange reserves
b) Number of educational institutions
c) Military spending
d) Local elections
What is the role of the National Economic Council in Pakistan?
a) Formulating national economic policies
b) Regulating corporate taxation
c) Managing local governance
d) Controlling inflation rates
Which international institution provides economic guidelines to Pakistan?
a) International Monetary Fund (IMF)
b) World Health Organization
c) United Nations Security Council
d) FIFA
What is the key function of Pakistan’s Ministry of Finance?
a) Managing economic policies and government expenditures
b) Overseeing education policies
c) Controlling local elections
d) Regulating media broadcasting
