FIA Pakistan Economy MCQs (1-100)

  1. The State Bank of Pakistan was established in:
    A) 1947
    B) 1948
    C) 1949
    D) 1950
    Answer: B
  2. The currency of Pakistan is:
    A) Rupee
    B) Taka
    C) Riyal
    D) Dinar
    Answer: A
  3. The head office of the State Bank of Pakistan is located in:
    A) Lahore
    B) Islamabad
    C) Karachi
    D) Peshawar
    Answer: C
  4. Pakistan’s first Five-Year Plan was launched in:
    A) 1948
    B) 1950
    C) 1955
    D) 1960
    Answer: C
  5. The largest sector of Pakistan’s economy is:
    A) Agriculture
    B) Industry
    C) Services
    D) Mining
    Answer: C
  6. The national budget of Pakistan is presented by the:
    A) President
    B) Prime Minister
    C) Finance Minister
    D) Governor SBP
    Answer: C
  7. The fiscal year in Pakistan starts on:
    A) 1st January
    B) 1st April
    C) 1st July
    D) 1st October
    Answer: C
  8. The fiscal year in Pakistan ends on:
    A) 30th June
    B) 31st December
    C) 31st March
    D) 30th September
    Answer: A
  9. Which sector is known as the backbone of Pakistan’s economy?
    A) Textile
    B) Agriculture
    C) Banking
    D) Mining
    Answer: B
  10. The largest export industry of Pakistan is:
    A) Sports
    B) Textile
    C) Cement
    D) Sugar
    Answer: B
  11. The main source of revenue in Pakistan is:
    A) Foreign aid
    B) Taxes
    C) Loans
    D) Zakat
    Answer: B
  12. GST stands for:
    A) General Sales Tax
    B) Government Sales Tax
    C) Global Sales Tax
    D) General Service Tax
    Answer: A
  13. The central bank of Pakistan is:
    A) National Bank of Pakistan
    B) Habib Bank Limited
    C) State Bank of Pakistan
    D) Allied Bank
    Answer: C
  14. The largest dam of Pakistan by storage capacity is:
    A) Mangla Dam
    B) Tarbela Dam
    C) Warsak Dam
    D) Hub Dam
    Answer: B
  15. The first Islamic bank in Pakistan was:
    A) Meezan Bank
    B) Dubai Islamic Bank
    C) Al-Baraka Bank
    D) Bank Islami
    Answer: A
  16. The Pakistan Stock Exchange is located in:
    A) Karachi
    B) Lahore
    C) Islamabad
    D) Faisalabad
    Answer: A
  17. The main cash crop of Pakistan is:
    A) Rice
    B) Cotton
    C) Wheat
    D) Maize
    Answer: B
  18. Pakistan imports the largest quantity of:
    A) Tea
    B) Machinery
    C) Cotton
    D) Rice
    Answer: B
  19. The biggest source of foreign exchange in Pakistan is:
    A) Tourism
    B) Exports
    C) Remittances
    D) Agriculture
    Answer: C
  20. Which organization prepares the federal budget in Pakistan?
    A) State Bank
    B) Ministry of Finance
    C) NADRA
    D) FBR
    Answer: B
  21. FBR stands for:
    A) Federal Bureau of Revenue
    B) Federal Board of Revenue
    C) Finance Board of Revenue
    D) Federal Bank of Revenue
    Answer: B
  22. Pakistan became a member of IMF in:
    A) 1947
    B) 1948
    C) 1950
    D) 1952
    Answer: C
  23. IMF stands for:
    A) International Monetary Fund
    B) International Money Forum
    C) International Market Fund
    D) International Monetary Federation
    Answer: A
  24. The nationalized banks in Pakistan were nationalized in:
    A) 1965
    B) 1972
    C) 1974
    D) 1977
    Answer: C
  25. The largest agricultural crop of Pakistan is:
    A) Wheat
    B) Rice
    C) Sugarcane
    D) Cotton
    Answer: A
  26. Which city is called the financial hub of Pakistan?
    A) Lahore
    B) Karachi
    C) Islamabad
    D) Multan
    Answer: B
  27. The Pakistan Poverty Alleviation Fund was established in:
    A) 1997
    B) 2000
    C) 2005
    D) 2010
    Answer: B
  28. The major source of energy production in Pakistan is:
    A) Solar
    B) Coal
    C) Hydel
    D) Wind
    Answer: C
  29. The largest oil refinery in Pakistan is located in:
    A) Karachi
    B) Lahore
    C) Rawalpindi
    D) Multan
    Answer: A
  30. Which crop is called “white gold” in Pakistan?
    A) Wheat
    B) Rice
    C) Cotton
    D) Sugarcane
    Answer: C
  31. The largest contributor to GDP in Pakistan is:
    A) Agriculture
    B) Services
    C) Industry
    D) Mining
    Answer: B
  32. GDP stands for:
    A) Gross Domestic Product
    B) General Domestic Product
    C) Gross Development Product
    D) Global Domestic Product
    Answer: A
  33. Pakistan’s largest export partner is:
    A) China
    B) USA
    C) Saudi Arabia
    D) UAE
    Answer: B
  34. The China-Pakistan Economic Corridor is commonly known as:
    A) CEPC
    B) CPEC
    C) CPC
    D) PCEC
    Answer: B
  35. Gwadar Port is located in:
    A) Sindh
    B) Punjab
    C) Balochistan
    D) KPK
    Answer: C
  36. The largest wheat-producing province of Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  37. Pakistan’s first coin was issued in:
    A) 1948
    B) 1949
    C) 1950
    D) 1951
    Answer: A
  38. The main objective of privatization is to:
    A) Increase inflation
    B) Reduce efficiency
    C) Improve efficiency
    D) Increase taxes
    Answer: C
  39. The National Bank of Pakistan was established in:
    A) 1947
    B) 1948
    C) 1949
    D) 1950
    Answer: C
  40. The major imported item of Pakistan is:
    A) Petroleum
    B) Rice
    C) Cotton
    D) Sports goods
    Answer: A
  41. Pakistan’s economic survey is published by:
    A) SBP
    B) Ministry of Finance
    C) FBR
    D) Planning Commission
    Answer: B
  42. Which crop is known as food crop?
    A) Cotton
    B) Tobacco
    C) Wheat
    D) Sugarcane
    Answer: C
  43. The largest cement-producing province in Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  44. The largest natural gas field in Pakistan is:
    A) Uch
    B) Sui
    C) Mari
    D) Kandhkot
    Answer: B
  45. The hub of textile industry in Pakistan is:
    A) Karachi
    B) Faisalabad
    C) Lahore
    D) Sialkot
    Answer: B
  46. The main objective of monetary policy is to control:
    A) Population
    B) Inflation
    C) Trade
    D) Imports
    Answer: B
  47. The term “inflation” means:
    A) Fall in prices
    B) Rise in prices
    C) Increase in exports
    D) Increase in imports
    Answer: B
  48. Deflation means:
    A) Rise in prices
    B) Fall in prices
    C) Increase in taxes
    D) Increase in trade
    Answer: B
  49. The largest source of tax revenue in Pakistan is:
    A) Direct taxes
    B) Indirect taxes
    C) Foreign aid
    D) Loans
    Answer: B
  50. The Planning Commission of Pakistan was established in:
    A) 1950
    B) 1953
    C) 1955
    D) 1960
    Answer: B
  51. Which institution controls monetary policy in Pakistan?
    A) Ministry of Finance
    B) State Bank of Pakistan
    C) FBR
    D) Planning Commission
    Answer: B
  52. The largest rice-producing province of Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  53. Pakistan’s first five-year plan covered the years:
    A) 1948–53
    B) 1955–60
    C) 1960–65
    D) 1970–75
    Answer: B
  54. The main purpose of taxation is to:
    A) Increase imports
    B) Generate revenue
    C) Reduce exports
    D) Promote inflation
    Answer: B
  55. The largest sugar-producing province of Pakistan is:
    A) Sindh
    B) Punjab
    C) KPK
    D) Balochistan
    Answer: B
  56. The term “balance of trade” means difference between:
    A) Imports and exports
    B) Revenue and expenditure
    C) Assets and liabilities
    D) Demand and supply
    Answer: A
  57. Pakistan’s first budget was presented in:
    A) 1947
    B) 1948
    C) 1949
    D) 1950
    Answer: B
  58. Which organization collects taxes in Pakistan?
    A) FIA
    B) NAB
    C) FBR
    D) SBP
    Answer: C
  59. The largest industrial city of Pakistan is:
    A) Lahore
    B) Faisalabad
    C) Karachi
    D) Gujranwala
    Answer: C
  60. The term “per capita income” means:
    A) National income
    B) Income per person
    C) Income from exports
    D) Income from taxes
    Answer: B
  61. The major export of Pakistan is:
    A) Oil
    B) Machinery
    C) Textile products
    D) Tea
    Answer: C
  62. Pakistan joined the World Bank in:
    A) 1948
    B) 1950
    C) 1952
    D) 1955
    Answer: B
  63. Which province produces the most cotton in Pakistan?
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  64. The term “budget deficit” means:
    A) Revenue exceeds expenditure
    B) Expenditure exceeds revenue
    C) Imports exceed exports
    D) Exports exceed imports
    Answer: B
  65. Which sector provides raw material to industries?
    A) Services
    B) Banking
    C) Agriculture
    D) Trade
    Answer: C
  66. The major source of electricity in Pakistan is:
    A) Hydel power
    B) Nuclear power
    C) Wind power
    D) Solar power
    Answer: A
  67. Which city is famous for sports goods industry?
    A) Faisalabad
    B) Karachi
    C) Sialkot
    D) Multan
    Answer: C
  68. The largest railway network in Pakistan is operated by:
    A) Pakistan Railways
    B) Metro Rail
    C) Green Line
    D) Punjab Railways
    Answer: A
  69. The largest port of Pakistan is:
    A) Port Qasim
    B) Gwadar Port
    C) Karachi Port
    D) Pasni Port
    Answer: C
  70. The major objective of CPEC is to improve:
    A) Tourism
    B) Connectivity and trade
    C) Agriculture only
    D) Education only
    Answer: B
  71. The term “foreign exchange reserves” refers to:
    A) Domestic loans
    B) Gold mines
    C) Foreign currency holdings
    D) Tax collection
    Answer: C
  72. Which crop is called “king of crops” in Pakistan?
    A) Cotton
    B) Wheat
    C) Rice
    D) Sugarcane
    Answer: A
  73. The largest telecom company in Pakistan is:
    A) Jazz
    B) Zong
    C) Ufone
    D) Telenor
    Answer: A
  74. The major source of irrigation in Pakistan is:
    A) Tube wells
    B) Rivers and canals
    C) Rainfall
    D) Lakes
    Answer: B
  75. The agricultural tax is imposed on:
    A) Industrial income
    B) Agricultural income
    C) Imports
    D) Exports
    Answer: B
  76. The largest mobile banking service in Pakistan is:
    A) Easypaisa
    B) JazzCash
    C) UBL Omni
    D) SadaPay
    Answer: A
  77. The term “trade deficit” means:
    A) Exports exceed imports
    B) Imports exceed exports
    C) Equal imports and exports
    D) Increase in taxes
    Answer: B
  78. Pakistan’s largest trading partner is:
    A) China
    B) India
    C) Iran
    D) Turkey
    Answer: A
  79. The major source of livelihood in rural Pakistan is:
    A) Agriculture
    B) Banking
    C) Industry
    D) Tourism
    Answer: A
  80. The largest producer of dates in Pakistan is:
    A) Punjab
    B) Sindh
    C) Balochistan
    D) KPK
    Answer: B
  81. The “Green Revolution” in Pakistan is related to:
    A) Industry
    B) Agriculture
    C) Banking
    D) Mining
    Answer: B
  82. The Karachi Stock Exchange merged into Pakistan Stock Exchange in:
    A) 2014
    B) 2015
    C) 2016
    D) 2017
    Answer: C
  83. Which institution issues currency notes in Pakistan?
    A) Ministry of Finance
    B) National Bank
    C) State Bank of Pakistan
    D) FBR
    Answer: C
  84. The major objective of IMF loans is to:
    A) Promote tourism
    B) Stabilize economy
    C) Increase imports
    D) Promote sports
    Answer: B
  85. Pakistan’s largest export market in Europe is:
    A) Germany
    B) France
    C) Italy
    D) United Kingdom
    Answer: D
  86. The major cause of inflation in Pakistan is:
    A) Increase in money supply
    B) Decrease in exports
    C) Fall in imports
    D) Increase in forests
    Answer: A
  87. Which province has the largest coal reserves in Pakistan?
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: B
  88. Thar coal field is located in:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: B
  89. Pakistan’s economy is classified as:
    A) Developed
    B) Socialist
    C) Developing
    D) Communist
    Answer: C
  90. The major objective of economic planning is:
    A) Economic development
    B) Population growth
    C) Political instability
    D) Inflation increase
    Answer: A
  91. The largest fruit-producing province of Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  92. The term “national income” refers to:
    A) Income of government only
    B) Total income earned in a country
    C) Income from exports only
    D) Income from agriculture only
    Answer: B
  93. Pakistan’s first industrial policy was introduced in:
    A) 1948
    B) 1950
    C) 1955
    D) 1960
    Answer: A
  94. The major source of public revenue is:
    A) Taxes
    B) Donations
    C) Tourism
    D) Grants
    Answer: A
  95. Which crop requires the most water in Pakistan?
    A) Wheat
    B) Rice
    C) Sugarcane
    D) Cotton
    Answer: C
  96. The largest fertilizer plant in Pakistan is located in:
    A) Faisalabad
    B) Multan
    C) Daharki
    D) Karachi
    Answer: C
  97. Pakistan’s economic corridor connects Pakistan with:
    A) Iran
    B) Afghanistan
    C) China
    D) Turkey
    Answer: C
  98. Which organization regulates banks in Pakistan?
    A) FIA
    B) SBP
    C) NAB
    D) SECP
    Answer: B
  99. The term “microfinance” means:
    A) Large industrial loans
    B) Small financial services for poor people
    C) Foreign loans
    D) Government grants
    Answer: B
  100. SECP stands for:
    A) Securities and Exchange Commission of Pakistan
    B) State Exchange Commission of Pakistan
    C) Securities and Economic Council of Pakistan
    D) State Economic Commission of Pakistan
    Answer: A
FIA Pakistan Economy MCQs (101-200)
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