Which economic system did Pakistan initially follow after independence in 1947?
A) Socialist economy
B) Capitalist economy
C) Mixed economy
D) Command economy
What was the primary focus of Pakistan’s First Five-Year Plan (1955-1960)?
A) Industrialization
B) Agriculture
C) Services sector
D) Defense spending
Which decade is known as the “Decade of Development” in Pakistan?
A) 1950s
B) 1960s
C) 1970s
D) 1980s
Which Pakistani leader introduced nationalization policies in the 1970s?
A) Ayub Khan
B) Zulfikar Ali Bhutto
C) Pervez Musharraf
D) Nawaz Sharif
What was the main objective of the Structural Adjustment Program (SAP) implemented in Pakistan in the 1990s?
A) Strengthening defense sector
B) Increasing government control over industries
C) Liberalization and privatization
D) Expanding the public sector
Which organization provided financial assistance to Pakistan under the Structural Adjustment Program?
A) World Bank
B) Asian Development Bank
C) International Monetary Fund (IMF)
D) Islamic Development Bank
Which sector was the main focus of Pakistan’s Vision 2025 policy?
A) Agriculture
B) Manufacturing
C) Knowledge-based economy
D) Military spending
Which tax reform was introduced in Pakistan in 1991?
A) General Sales Tax (GST)
B) Corporate tax
C) Income tax exemption
D) Wealth tax
Which major economic corridor was launched to boost Pakistan’s infrastructure and trade?
A) Gwadar Development Plan
B) CPEC (China-Pakistan Economic Corridor)
C) SAARC Trade Agreement
D) Karachi Industrial Corridor
Which institution formulates monetary policy in Pakistan?
A) Ministry of Finance
B) State Bank of Pakistan
C) Federal Board of Revenue
D) Planning Commission
In which year did Pakistan introduce its first National Finance Commission (NFC) Award?
A) 1951
B) 1961
C) 1971
D) 1991
Which economic challenge has consistently affected Pakistan’s growth?
A) Budget surplus
B) Trade surplus
C) Current account deficit
D) High exports
Which economic sector contributes the most to Pakistan’s GDP?
A) Agriculture
B) Industry
C) Services
D) Mining
Which government introduced the first privatization policy in Pakistan?
A) Ayub Khan
B) Zulfikar Ali Bhutto
C) Benazir Bhutto
D) Nawaz Sharif
Which international financial institution has provided multiple bailout packages to Pakistan?
A) World Trade Organization
B) United Nations Development Program
C) International Monetary Fund (IMF)
D) European Central Bank
Which tax-collecting body operates in Pakistan?
A) Ministry of Finance
B) Pakistan Revenue Authority
C) Federal Board of Revenue (FBR)
D) Pakistan Taxation Department
Which key reform was introduced under Pakistan’s Economic Revival Plan 2023?
A) Expansion of government-owned industries
B) Increased subsidies on imports
C) Promotion of public-private partnerships
D) Ban on foreign investment
Which energy-related economic policy has been a major focus in Pakistan?
A) Reducing coal imports
B) Expansion of renewable energy projects
C) Banning nuclear power
D) Closing all hydropower projects
Which economic crisis hit Pakistan in 2008?
A) Banking sector collapse
B) Balance of payments crisis
C) Agricultural recession
D) Real estate boom
Which of the following has been a key issue in Pakistan’s taxation system?
A) High tax-to-GDP ratio
B) Large informal economy
C) Excessive corporate taxation
D) Elimination of sales tax
What is a major goal of Pakistan’s Special Economic Zones (SEZs)?
A) Decreasing foreign investment
B) Encouraging domestic trade only
C) Attracting foreign direct investment (FDI)
D) Reducing employment opportunities
Which sector receives the highest percentage of Pakistan’s development budget?
A) Agriculture
B) Defense
C) Infrastructure and energy
D) Education
What was one of the main objectives of the Ehsaas Program launched in Pakistan?
A) Industrial development
B) Social welfare and poverty alleviation
C) Military expansion
D) Increasing tax collection
Which economic issue led Pakistan to seek repeated IMF loans?
A) Surplus foreign exchange reserves
B) Balance of payments deficit
C) High investment in education
D) Rising oil exports
Which sector has been a major recipient of foreign direct investment (FDI) in Pakistan?
A) Mining
B) Technology
C) Banking and telecommunications
D) Textile industry
Which policy was introduced to facilitate small and medium enterprises (SMEs) in Pakistan?
A) Nationalization policy
B) SME Finance Policy
C) Tax Exemption Policy
D) Privatization policy
Which agricultural policy was introduced to improve Pakistan’s food security?
A) Wheat Import Ban
B) Green Revolution Strategy
C) Large-Scale Farming Ban
D) Water Use Restriction
Which organization regulates stock exchanges in Pakistan?
A) Pakistan Banking Authority
B) Securities and Exchange Commission of Pakistan (SECP)
C) State Bank of Pakistan
D) Pakistan Financial Authority
What is a major goal of Pakistan’s National Tariff Policy?
A) Reducing tariffs on key imports
B) Increasing import restrictions
C) Banning all luxury goods
D) Eliminating all taxes
