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NTS CURRENT AFFAIRS ECONOMIC MCQ SET 2

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1. The impact and incidence of sales tax is




2. The largest indirect Tax revenue collection is through




3. Basket of main currencies is




4. The direct exchange of goods and services for other goods and services is known as




5. Poverty line is determined by




6. Which one of the following tax systems will move in the direction of reduction of economic disparities?




7. In Keynesian theory equality between saving and investment is brought about by changes in the




8. For the Cobb-Douglas Production Function




9. The assumption which makes the Indifference Curve convex to the origin is




10. One of the following is included in Personal Income, but excluded from National Income, which one is that?




11. An isoquant is convex to the origin because of




12. The relationship between price and quantity bought at that price is called




13. Which of the following is NOT an indirect tax?




14. Which of the following is NOT a direct tax?




15. Currently, about how many beneficiaries (families) are receiving financial help under Benazir Income Support Program (BISP) of the government of Pakistan?




16. Currently, about 4.5 million beneficiaries are receiving financial help of ______ per month under BISP of the government of Pakistan.




17. Currently, the total installed capacity of electricity generation in Pakistan (Year 2020) is




18. The largest source of electricity generation in Pakistan is




19. The current Tax-to-GDP ratio in Pakistan (Year 2020) is




20. The current policy rate by state bank of Pakistan is _____% per annum.




21. Pakistans largest export industry is




22. Pakistans largest export item is cotton & cotton manufactures. The second largest export item is




23. The major government policies that can be used to pursue its macroeconomic goals are




24. The governments fiscal policy denotes the use of governments




25. Three main drivers of economic growth are




26. Pakistani society like other developing countries has




27. The total area of Pakistan is ________ km.




28. A REPO or repurchase agreement is a form of short-term _____ by state bank.




29. The current REPO (or Repo Floor) rate of State Bank of Pakistan is _____% per annum.




30. The current Reverse REPO (or Repo Ceiling) rate of State Bank of Pakistan is _____% per annum.




31. The current government borrowed _____ billion from friendly countries as a short-term measure.




32. According to the recently held census, the total population of Pakistan is




33. The total GDP of Pakistan (Year 2020) in nominal terms is about ______ billion.




34. The GDP growth rate in the current financial year of 2020 is recorded as




35. The per capita income in Pakistan is about




36. The three main sectors of Pakistan economy are




37. Which sector of Pakistan economy provides the largest employment in Pakistan?




38. Which sector is the major source of tax revenues for the government?




39. Which sector is the largest contributor to the GDP?




40. The recent census was held in 2017, the last census was held in the year of




41. The current unemployment rate (Year 2020) in Pakistan is about




42. To address the energy shortage, government of Pakistan incorporated electricity generation capacity of _____ between 2013 and 2018.




43. The most important sub-sector of the industrial sector is




44. The agriculture sector contributes _______ to the countrys Gross Domestic Product (GDP).




45. The industry sector contributes ______ to the countrys GDP.




46. The services sector contributes ______ to the countrys GDP.




47. The three Stock Exchanges Karachi, Lahore and Islamabad were merged into Pakistan Stock Exchange (PSX) on 11 January




48. Foreign exchange reserves of Pakistan reached the new historic high of ______ on October 14, 2016.




49. The growth in the Large-Scale Manufacturing (LSM) sector during the financial year 2020 is about




50. Under CPEC, 22 projects have been launched costing about _____ billion.