FIA Pakistan Economy MCQs (101-200)

  1. The largest source of employment in Pakistan is:
    A) Agriculture
    B) Industry
    C) Banking
    D) Tourism
    Answer: A
  2. The headquarters of the State Bank of Pakistan is in:
    A) Islamabad
    B) Lahore
    C) Karachi
    D) Quetta
    Answer: C
  3. Which crop is known as the “silver fiber” of Pakistan?
    A) Cotton
    B) Jute
    C) Silk
    D) Wool
    Answer: B
  4. Pakistan’s first foreign exchange bank was:
    A) HBL
    B) UBL
    C) NBP
    D) ABL
    Answer: A
  5. The major objective of privatization is to improve:
    A) Government control
    B) Efficiency
    C) Imports
    D) Inflation
    Answer: B
  6. The term “GDP growth rate” measures:
    A) Inflation
    B) Economic growth
    C) Population growth
    D) Imports
    Answer: B
  7. Pakistan’s largest oil field is:
    A) Meyal
    B) Dhurnal
    C) Toot
    D) Badin
    Answer: A
  8. The first Pakistani bank established after independence was:
    A) Habib Bank
    B) National Bank
    C) Australasia Bank
    D) Allied Bank
    Answer: C
  9. The major objective of fiscal policy is to control:
    A) Government revenue and expenditure
    B) Weather
    C) Imports only
    D) Population
    Answer: A
  10. The term “devaluation” means:
    A) Increase in currency value
    B) Decrease in currency value
    C) Stable currency value
    D) Increase in exports only
    Answer: B
  11. Pakistan’s largest import partner is:
    A) China
    B) USA
    C) UAE
    D) Saudi Arabia
    Answer: A
  12. The Pakistan Industrial Development Corporation was established in:
    A) 1948
    B) 1950
    C) 1952
    D) 1955
    Answer: C
  13. PIDC stands for:
    A) Pakistan Industrial Development Corporation
    B) Pakistan Investment Development Council
    C) Pakistan Industrial Development Council
    D) Pakistan Income Development Corporation
    Answer: A
  14. The first privatized bank in Pakistan was:
    A) Muslim Commercial Bank
    B) Allied Bank
    C) Habib Bank
    D) National Bank
    Answer: A
  15. Which sector contributes the least to Pakistan’s GDP?
    A) Agriculture
    B) Services
    C) Industry
    D) Mining
    Answer: D
  16. The term “public debt” means:
    A) Debt taken by government
    B) Debt taken by farmers
    C) Debt taken by industries
    D) Debt taken by banks
    Answer: A
  17. The major export item of Sialkot is:
    A) Rice
    B) Sports goods
    C) Cement
    D) Sugar
    Answer: B
  18. Pakistan’s first agricultural university was established in:
    A) Faisalabad
    B) Lahore
    C) Karachi
    D) Multan
    Answer: A
  19. The largest producer of mangoes in Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  20. The major source of irrigation water in Pakistan is the:
    A) Indus River System
    B) Hub River
    C) Kabul River
    D) Chenab only
    Answer: A
  21. The term “inflation rate” refers to:
    A) Percentage increase in prices
    B) Percentage increase in exports
    C) Percentage increase in population
    D) Percentage increase in imports
    Answer: A
  22. Pakistan’s first stock exchange was established in:
    A) Lahore
    B) Karachi
    C) Islamabad
    D) Faisalabad
    Answer: B
  23. The agricultural development bank of Pakistan is now called:
    A) ZTBL
    B) HBL
    C) NBP
    D) UBL
    Answer: A
  24. ZTBL stands for:
    A) Zarai Taraqiati Bank Limited
    B) Zonal Trade Bank Limited
    C) Zarai Trade Bank Limited
    D) Zonal Taraqiati Bank Limited
    Answer: A
  25. The major objective of WTO is to promote:
    A) Global trade
    B) Military cooperation
    C) Tourism
    D) Sports
    Answer: A
  26. WTO stands for:
    A) World Trade Organization
    B) World Tourism Organization
    C) World Tax Organization
    D) World Transport Organization
    Answer: A
  27. The major source of foreign direct investment in Pakistan is:
    A) China
    B) India
    C) Iran
    D) Turkey
    Answer: A
  28. The term “budget surplus” means:
    A) Expenditure exceeds revenue
    B) Revenue exceeds expenditure
    C) Imports exceed exports
    D) Inflation exceeds growth
    Answer: B
  29. Pakistan’s largest city by population is:
    A) Lahore
    B) Karachi
    C) Faisalabad
    D) Rawalpindi
    Answer: B
  30. The largest railway workshop in Pakistan is located at:
    A) Lahore
    B) Islamabad
    C) Moghalpura
    D) Karachi
    Answer: C
  31. The main objective of taxation is to:
    A) Generate government revenue
    B) Reduce agriculture
    C) Increase inflation
    D) Promote unemployment
    Answer: A
  32. Pakistan’s largest bank by assets is:
    A) Meezan Bank
    B) HBL
    C) UBL
    D) NBP
    Answer: B
  33. The major export market for Pakistani textiles is:
    A) USA and Europe
    B) Iran and Iraq
    C) Nepal and Bhutan
    D) Sri Lanka and Maldives
    Answer: A
  34. Which city is famous for textile industry in Pakistan?
    A) Quetta
    B) Faisalabad
    C) Hyderabad
    D) Sukkur
    Answer: B
  35. The major source of tax revenue in Pakistan is:
    A) Sales tax
    B) Agricultural tax
    C) Property tax
    D) Water tax
    Answer: A
  36. The first Islamic summit hosted by Pakistan increased economic cooperation among:
    A) SAARC countries
    B) Muslim countries
    C) European countries
    D) ASEAN countries
    Answer: B
  37. The term “economic recession” means:
    A) Rise in production
    B) Decline in economic activity
    C) Increase in exports
    D) Increase in taxes
    Answer: B
  38. The largest hydroelectric power station in Pakistan is:
    A) Ghazi Barotha
    B) Tarbela
    C) Mangla
    D) Warsak
    Answer: B
  39. Pakistan’s major source of export earnings is:
    A) Textile sector
    B) Tourism sector
    C) Mining sector
    D) Fisheries sector
    Answer: A
  40. The term “consumer price index” is used to measure:
    A) GDP
    B) Inflation
    C) Exports
    D) Imports
    Answer: B
  41. CPI stands for:
    A) Consumer Price Index
    B) Consumer Production Index
    C) Commercial Price Indicator
    D) Consumer Product Indicator
    Answer: A
  42. Pakistan’s first motorway was:
    A) M-1
    B) M-2
    C) M-3
    D) M-4
    Answer: B
  43. The motorway M-2 connects:
    A) Lahore and Islamabad
    B) Karachi and Hyderabad
    C) Lahore and Faisalabad
    D) Peshawar and Islamabad
    Answer: A
  44. The largest airport of Pakistan is:
    A) Islamabad Airport
    B) Lahore Airport
    C) Jinnah International Airport
    D) Multan Airport
    Answer: C
  45. The largest airline of Pakistan is:
    A) Airblue
    B) Serene Air
    C) PIA
    D) Shaheen Air
    Answer: C
  46. PIA stands for:
    A) Pakistan International Airlines
    B) Pakistan Industrial Airlines
    C) Public International Airlines
    D) Pakistan Inland Airlines
    Answer: A
  47. The major source of employment in urban areas is:
    A) Agriculture
    B) Services and industry
    C) Forestry
    D) Fishing
    Answer: B
  48. Pakistan’s first nuclear power plant was established at:
    A) Chashma
    B) Karachi
    C) Multan
    D) Lahore
    Answer: B
  49. The term “capital market” refers to market for:
    A) Short-term loans
    B) Long-term funds
    C) Agricultural goods
    D) Foreign trade only
    Answer: B
  50. The largest producer of wheat in the world is:
    A) Pakistan
    B) China
    C) India
    D) USA
    Answer: B
  51. The term “money laundering” means:
    A) Cleaning old currency
    B) Illegal transfer of money
    C) Printing currency
    D) Foreign exchange trade
    Answer: B
  52. The anti-money laundering authority in Pakistan is:
    A) FIA
    B) NAB
    C) SBP
    D) FBR
    Answer: A
  53. Pakistan’s first economic survey was published in:
    A) 1948
    B) 1950
    C) 1955
    D) 1960
    Answer: B
  54. The major objective of development planning is:
    A) Economic stability and growth
    B) Increase inflation
    C) Reduce exports
    D) Increase imports
    Answer: A
  55. The largest oil importing country for Pakistan is:
    A) Saudi Arabia
    B) China
    C) Iran
    D) Turkey
    Answer: A
  56. The term “disposable income” means:
    A) Income after taxes
    B) Income before taxes
    C) Foreign income
    D) Industrial income
    Answer: A
  57. Pakistan’s largest source of remittances is:
    A) Saudi Arabia
    B) India
    C) Turkey
    D) Nepal
    Answer: A
  58. The major export of Pakistan after textiles is:
    A) Sports goods
    B) Rice
    C) Machinery
    D) Tea
    Answer: B
  59. The largest producer of sugarcane in Pakistan is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  60. The term “foreign aid” means:
    A) Domestic revenue
    B) Assistance from other countries
    C) Agricultural tax
    D) Industrial loans
    Answer: B
  61. Pakistan’s first Islamic insurance company was:
    A) EFU
    B) Adamjee
    C) Pak-Qatar Takaful
    D) Jubilee Insurance
    Answer: C
  62. The term “Takaful” refers to:
    A) Islamic banking
    B) Islamic insurance
    C) Islamic trade
    D) Islamic taxation
    Answer: B
  63. The largest source of electricity generation in Pakistan after hydel is:
    A) Thermal power
    B) Wind power
    C) Solar power
    D) Nuclear power
    Answer: A
  64. The term “tariff” means:
    A) Government subsidy
    B) Tax on imports and exports
    C) Agricultural income
    D) Foreign aid
    Answer: B
  65. Pakistan’s largest dry port is located at:
    A) Lahore
    B) Karachi
    C) Sialkot
    D) Faisalabad
    Answer: A
  66. The largest export processing zone in Pakistan is in:
    A) Karachi
    B) Lahore
    C) Quetta
    D) Islamabad
    Answer: A
  67. EPZ stands for:
    A) Export Processing Zone
    B) Economic Production Zone
    C) Export Promotion Zone
    D) Economic Processing Zone
    Answer: A
  68. The term “subsidy” means:
    A) Government financial support
    B) Foreign loan
    C) Export tax
    D) Banking charge
    Answer: A
  69. Pakistan’s largest producer of bananas is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: B
  70. The term “trade liberalization” means:
    A) Restricting trade
    B) Encouraging free trade
    C) Ending exports
    D) Ending imports
    Answer: B
  71. Pakistan’s first women bank was established in:
    A) 1985
    B) 1989
    C) 1991
    D) 1995
    Answer: B
  72. The Women Bank Limited was established to support:
    A) Farmers
    B) Women entrepreneurs
    C) Exporters
    D) Industrialists
    Answer: B
  73. The major objective of SECP is to regulate:
    A) Agriculture
    B) Securities market
    C) Railways
    D) Tourism
    Answer: B
  74. The term “economic indicator” refers to:
    A) Measure of economic performance
    B) Agricultural tax
    C) Banking law
    D) Import duty
    Answer: A
  75. The largest industrial estate in Pakistan is:
    A) Sundar Industrial Estate
    B) Korangi Industrial Area
    C) SITE Karachi
    D) Hattar Industrial Estate
    Answer: C
  76. SITE stands for:
    A) Sindh Industrial Trading Estate
    B) State Industrial Trade Enterprise
    C) Sindh Industrial Transport Estate
    D) State Industrial Trading Enterprise
    Answer: A
  77. The largest source of provincial revenue is:
    A) Agriculture tax
    B) Federal transfers
    C) Tourism
    D) Mining
    Answer: B
  78. Pakistan’s first microfinance bank was:
    A) Khushhali Bank
    B) HBL Microfinance
    C) NRSP Bank
    D) Mobilink Bank
    Answer: A
  79. The term “economic diversification” means:
    A) Dependence on one sector
    B) Expansion into different sectors
    C) Restricting trade
    D) Increasing inflation
    Answer: B
  80. Pakistan’s largest producer of oranges is:
    A) Sargodha
    B) Hyderabad
    C) Multan
    D) Quetta
    Answer: A
  81. The term “black economy” refers to:
    A) Agricultural economy
    B) Illegal economic activities
    C) Industrial economy
    D) Service economy
    Answer: B
  82. Pakistan’s largest fish harbor is located in:
    A) Gwadar
    B) Karachi
    C) Pasni
    D) Ormara
    Answer: B
  83. The term “economic sanctions” means:
    A) Trade restrictions imposed by countries
    B) Agricultural reforms
    C) Banking support
    D) Industrial loans
    Answer: A
  84. The largest source of renewable energy in Pakistan is:
    A) Solar
    B) Wind
    C) Hydel
    D) Biomass
    Answer: C
  85. The term “foreign reserves” means:
    A) Domestic currency holdings
    B) Foreign currency assets
    C) Agricultural products
    D) Industrial goods
    Answer: B
  86. Pakistan’s first export processing zone was established in:
    A) Lahore
    B) Karachi
    C) Faisalabad
    D) Islamabad
    Answer: B
  87. The term “economic infrastructure” includes:
    A) Roads and communication
    B) Forests only
    C) Rivers only
    D) Crops only
    Answer: A
  88. The largest road network in Pakistan is maintained by:
    A) NHA
    B) WAPDA
    C) SBP
    D) PIA
    Answer: A
  89. NHA stands for:
    A) National Highway Authority
    B) National Housing Authority
    C) National Health Authority
    D) National Hydel Authority
    Answer: A
  90. The term “exchange rate” means:
    A) Tax rate
    B) Price of one currency in terms of another
    C) Interest rate
    D) Inflation rate
    Answer: B
  91. Pakistan’s largest producer of kinnow is:
    A) Sargodha
    B) Faisalabad
    C) Lahore
    D) Karachi
    Answer: A
  92. The major purpose of insurance is to provide:
    A) Profit only
    B) Financial protection
    C) Tax collection
    D) Export promotion
    Answer: B
  93. The term “economic growth” means:
    A) Increase in production and income
    B) Increase in population only
    C) Increase in imports only
    D) Increase in taxes only
    Answer: A
  94. Pakistan’s largest source of tax collection is:
    A) Income tax
    B) Sales tax
    C) Customs duty
    D) Property tax
    Answer: B
  95. The term “poverty line” refers to:
    A) Standard income level
    B) Export level
    C) Import level
    D) Tax level
    Answer: A
  96. Pakistan’s largest producer of rice is:
    A) Punjab
    B) Sindh
    C) KPK
    D) Balochistan
    Answer: A
  97. The term “economic policy” refers to:
    A) Government economic decisions
    B) Weather forecast
    C) Military planning
    D) Sports planning
    Answer: A
  98. The largest irrigation system of Pakistan is:
    A) Indus Basin Irrigation System
    B) Hub Canal System
    C) Kabul Canal System
    D) Swat Canal System
    Answer: A
  99. The term “bank rate” means:
    A) Exchange rate
    B) Interest rate charged by central bank
    C) Tax rate
    D) Inflation rate
    Answer: B
  100. Pakistan’s largest export destination in Asia is:
    A) China
    B) UAE
    C) Saudi Arabia
    D) Japan
    Answer: A
FIA Pakistan Economy MCQs (201-300)
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