Current Affairs

Pakistan’s GDP Growth and Economic Indicators MCQs with Answer

Which sector contributes the most to Pakistan’s GDP?
a) Agriculture
b) Industry
c) Services
d) Manufacturing

Answer
Services

What was Pakistan’s GDP growth rate in 2023?
a) 0.5%
b) 2.0%
c) 3.5%
d) 5.0%

Answer
2.0%

Which institution calculates Pakistan’s GDP?
a) State Bank of Pakistan
b) Pakistan Bureau of Statistics
c) Ministry of Finance
d) World Bank

Answer
Pakistan Bureau of Statistics

Which factor has historically impacted Pakistan’s GDP growth?
a) Political instability
b) Energy shortages
c) Low investment
d) All of the above

Answer
All of the above

What is the main source of Pakistan’s foreign exchange reserves?
a) Exports
b) Foreign remittances
c) Foreign Direct Investment (FDI)
d) Tourism

Answer
Foreign remittances

Which organization provides Pakistan with economic growth forecasts?
a) IMF
b) World Bank
c) Asian Development Bank
d) All of the above

Answer
All of the above

Which sector of Pakistan’s economy has shown the highest growth in recent years?
a) Agriculture
b) IT and Telecom
c) Textile
d) Banking

Answer
IT and Telecom

What is Pakistan’s largest export commodity?
a) Wheat
b) Cotton
c) Textile products
d) Machinery

Answer
Textile products

Which major economic challenge does Pakistan face?
a) High inflation
b) Rising trade deficit
c) Declining foreign reserves
d) All of the above

Answer
All of the above

What is Pakistan’s currency called?
a) Taka
b) Rupee
c) Dinar
d) Riyal

Answer
Rupee

Which indicator measures inflation in Pakistan?
a) Consumer Price Index (CPI)
b) Human Development Index (HDI)
c) Balance of Payments
d) Fiscal Deficit

Answer
Consumer Price Index (CPI)

Which tax generates the highest revenue for Pakistan?
a) Income tax
b) Sales tax
c) Customs duty
d) Corporate tax

Answer
Sales tax

Which international organization has provided economic bailouts to Pakistan?
a) IMF
b) WTO
c) World Bank
d) UNDP

Answer
IMF

Which country is Pakistan’s largest trading partner?
a) China
b) USA
c) Saudi Arabia
d) UAE

Answer
China

What is Pakistan’s major import?
a) Automobiles
b) Petroleum products
c) Electronics
d) Wheat

Answer
Petroleum products

What is the role of the State Bank of Pakistan?
a) Collecting taxes
b) Regulating monetary policy
c) Managing foreign relations
d) Approving new businesses

Answer
Regulating monetary policy

Which measure indicates a country’s total economic output?
a) Fiscal deficit
b) GDP
c) Inflation rate
d) Exchange rate

Answer
GDP

Which economic policy affects GDP growth?
a) Interest rate policies
b) Trade policies
c) Fiscal policies
d) All of the above

Answer
All of the above

Which international agreement benefits Pakistan’s exports to Europe?
a) GSP+
b) SAFTA
c) NAFTA
d) ASEAN

Answer
GSP+

Which sector provides the most employment in Pakistan?
a) Services
b) Industry
c) Agriculture
d) IT

Answer
Agriculture

Which factor negatively impacts Pakistan’s GDP growth?
a) Energy crisis
b) Political instability
c) Low foreign investment
d) All of the above

Answer
All of the above

What is Pakistan’s fiscal year duration?
a) January – December
b) April – March
c) July – June
d) October – September

Answer
July – June

Which Pakistani city is the financial hub of the country?
a) Lahore
b) Islamabad
c) Karachi
d) Peshawar

Answer
Karachi

Which government initiative aims to boost Pakistan’s economy?
a) Vision 2025
b) Green Pakistan Program
c) CPEC
d) Both A and C

Answer
Both A and C

Which industry in Pakistan is expected to grow the most in the coming years?
a) Textile
b) IT and Software
c) Construction
d) Oil and Gas

Answer
IT and Software

Which financial institution in Pakistan supervises commercial banks?
a) SECP
b) State Bank of Pakistan
c) Ministry of Finance
d) National Bank of Pakistan

Answer
State Bank of Pakistan

Which organization releases Pakistan’s Human Development Index (HDI) ranking?
a) World Bank
b) IMF
c) UNDP
d) WTO

Answer
UNDP

Which economic factor influences foreign investment in Pakistan?
a) Political stability
b) Business-friendly policies
c) Infrastructure development
d) All of the above

Answer
All of the above

What is Pakistan’s main economic challenge in 2024?
a) High inflation
b) Rising debt
c) Trade deficit
d) All of the above

Answer
All of the above

Which Pakistani government body prepares the federal budget?
a) State Bank of Pakistan
b) Ministry of Finance
c) Pakistan Bureau of Statistics
d) Federal Board of Revenue

Answer
Ministry of Finance

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