laboursonline – MCQs, Mock Tests | NTS NTS CURRENT AFFAIRS ECONOMIC MCQ SET 1

The apex regulator of capital market in Pakistan is

1. federal board of revenue
2. Pakistan stock exchange
3. state bank of Pakistan
4. security and exchange commission of Pakistan

✅ Correct Answer: 4

In July 2019, Pakistan entered a _____ month loan agreement with IMF.

1. 30
2. 33
3. 36
4. 39

✅ Correct Answer: 4

IMF has given Pakistan a relief in debt payments for _____ months due to Coronavirus.

1. 6
2. 12
3. 18
4. 24

✅ Correct Answer: 2

In Pakistan, the interest rate at which one bank borrows from another bank is known as

1. Policy rate
2. Repo rate
3. LIBOR
4. KIBOR

✅ Correct Answer: 4

Electricity and gas sub-sectors are counted under the _____ sector.

1. agriculture
2. industrial
3. services
4. none of these

✅ Correct Answer: 2

Transport, storage, and communication sub-sectors are counted under the _____ sector.

1. agriculture
2. industrial
3. services
4. none of these

✅ Correct Answer: 3

The current policy rate in Pakistan is

1. 7%
2. 8%
3. 9%
4. 10%

✅ Correct Answer: 1

Public Expenditure on Education in the financial year 2020 is about _____% of the GDP.

1. 2.3
2. 2.7
3. 3.1
4. 3.5

✅ Correct Answer: 1

As of Year 2020, the literacy rate in Pakistan is about

1. 56%
2. 58%
3. 60%
4. 62%

✅ Correct Answer: 3

The agriculture provides employment of about ________ of the countrys total labour force.

1. 35.50%
2. 38.50%
3. 41.50%
4. 44.50%

✅ Correct Answer: 2

The share of livestock sub-sector in the agriculture sector is about

1. 20.54%
2. 40.54%
3. 60.54%
4. 80.54%

✅ Correct Answer: 3

According to Federal Government, Pakistan suffered loss of Rs. _____ billion in countrys GDP for the financial year 2020 because of Coronavirus.

1. 1,300
2. 2,300
3. 3,300
4. 4,300

✅ Correct Answer: 3

Pakistans largest export partner is

1. China
2. France
3. United Kingdom
4. United States

✅ Correct Answer: 4

Pakistans largest import partner is

1. China
2. France
3. United Kingdom
4. United States

✅ Correct Answer: 1

Pakistans largest import item is

1. Arms
2. Machinery
3. Petroleum
4. Raw material

✅ Correct Answer: 3

The growth rate in the agriculture sector during the financial year 2020 is

1. ?2.67 %
2. 0.67 %
3. 2.67%
4. 4.67%

✅ Correct Answer: 3

The growth rate in the industry sector during the financial year 2020 is

1. 2.64 %
2. 0.64%
3. 2.64%
4. 4.64 %

✅ Correct Answer: 1

The growth rate in the services sector during the financial year 2020 is

1. 0.59 %
2. 2.59%
3. 4.59 %
4. 6.59%

✅ Correct Answer: 1

Which from the following is NOT a Kharif crop?

1. Rice
2. Wheat
3. Sugarcane
4. Cotton

✅ Correct Answer: 2

Which from the following is NOT a Rabi crop?

1. Sugarcane
2. Wheat
3. Gram
4. Tobacco

✅ Correct Answer: 1

Qualitative methods of monetary policy do not include:

1. Direct actions
2. Bank rate policy
3. Publicity
4. Moral persuasion

✅ Correct Answer: 2

Main Import partner of Pakistan is:

1. China
2. United Arab Emirates
3. America
4. Singapore

✅ Correct Answer: 1

Total cultivated area of Pakistan is :

1. 18.1 million hectares
2. 22.1 million hectares
3. 24.1 million hectares
4. 26.1 million hectares

✅ Correct Answer: 2

_______ is not a tool, of fiscal policy ?

1. Government expenditure
2. taxation
3. transfer payments
4. Bank Rate

✅ Correct Answer: 4

The major cash crops of Pakistan are:

1. Rice, Vegetable, Sugar cane
2. Wheat, Fruit, Cotton
3. Sugar cane, Tobacco, Cotton
4. None of these

✅ Correct Answer: 3

which sector is considered as the backbone of Pakistans economy:

1. Industrial sector
2. Agriculture sector
3. Education sector
4. Services sector

✅ Correct Answer: 2

Stock Exchange of Pakistan (PSX) is regulated by

1. Finance Ministry
2. State Bank
3. National Bank
4. SECP

✅ Correct Answer: 4

Main export partner of Pakistan is:

1. China
2. America
3. Germany
4. United Arab Emirates

✅ Correct Answer: 2

Pakistans GDP per capita (nominal, 2021) rank is:

1. 147
2. 151
3. 153
4. 155

✅ Correct Answer: 3

Fixed exchange rate is also known as:

1. Pegged exchange rate
2. Obvious exchange rate
3. Country exchange rate
4. None of these

✅ Correct Answer: 1

Which are the Factors of Production Important to Economic Growth?

1. Land
2. Capital
3. Labour
4. All of these

✅ Correct Answer: 4

Pakistans major export to US in 2020 was:

1. Cotton
2. Plastic
3. Leather
4. medical apparatus

✅ Correct Answer: 1

Pakistans GDP growth rate for the financial year 2021 is

1. 2.94%
2. 3.94%
3. 4.94%
4. 5.94%

✅ Correct Answer: 2

Number of stock exchanges in Pakistan?

1. One
2. Two
3. Three
4. Four

✅ Correct Answer: 3

Current inflation rate in Pakistan:

1. 8%
2. 9.30%
3. 10.90%
4. 11.50%

✅ Correct Answer: 3

Pakistans biggest export product in 2020.

1. Rice
2. Linens
3. Yarn
4. None of these

✅ Correct Answer: 2

Pakistan GDP rank 2021(nominal) in the world is:

1. 30th
2. 35th
3. 42nd
4. 47th

✅ Correct Answer: 3

Largest sector of Pakistans economy is:

1. Industries
2. Agriculture
3. Manufacturing
4. None of these

✅ Correct Answer: 2

Which one is the largest source of federal revenue?

1. Sales Tax
2. Excise Duty Tax
3. Income Tax
4. None of these

✅ Correct Answer: 3

Pakistan produces about ____ Bcfd of natural gas.

1. 4
2. 5
3. 6
4. 7

✅ Correct Answer: 1

The total current population of Pakistan is about

1. 202 million
2. 212 million
3. 222 million
4. 232 million

✅ Correct Answer: 2

What is the global price benchmark for oil prices?

1. WTI Crude
2. Brent Crude
3. Mars US
4. OPEC Basket

✅ Correct Answer: 2

Pakistan on 26 February 2021 has entered a 10-year deal to import LNG from

1. Qatar
2. Iran
3. Russia
4. Saudi Arabia

✅ Correct Answer: 1

According to Pakistan-Qatar LNG deal, Pakistan will import the LNG at the rate of ____% of Brent.

1. 9.2
2. 10.2
3. 11.2
4. 12.2

✅ Correct Answer: 2

Pakistan is considered as a ____ country.

1. developed
2. developing
3. least developed
4. none of these

✅ Correct Answer: 2

The current total GDP of Pakistan is

1. $ 267 billion
2. $ 287 billion
3. $ 307 billion
4. $ 327 billion

✅ Correct Answer: 2

Policy rate in Pakistan is determined by

1. Finance Ministry
2. State Bank
3. National Bank
4. SECP

✅ Correct Answer: 2

We say about a particular investment that it is risky, because

1. it is dangerous
2. it has low returns
3. its returns are uncertain
4. its raw material is unavailable

✅ Correct Answer: 3

An investment is said to be risky because

1. it is dangerous
2. it has low returns
3. its returns are uncertain
4. its raw material is unavailable

✅ Correct Answer: 3

Which from the following is NOT an example of intangible assets?

1. Trademarks
2. Patents
3. Buildings
4. Technical expertise

✅ Correct Answer: 3